The Fermentation Chemicals Global Market Report 2023, provides comprehensive information on the fermentation chemicals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global fermentation chemicals market size is expected to grow from $63.23 billion in 2022 to $67.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fermentation chemicals market size is expected to grow to $84.88 billion in 2027 at a CAGR of 5.9%.
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Technological advancement is a key trend in the fermentation chemicals market. Major companies operating in the fermentation chemicals market are focused on developing innovative solutions to strengthen their position in the market. For instance, in August 2020, Locus Performance Ingredients™, a US-based biochemistry and fermentation company launched Ferma™. The product has a pure sophorolipid family of biosurfactants (INCI: Glycolipids) that provides safer and more sustainable component solutions with 5-25 times greater performance, allowing for reduced consumption rates and a 37% reduction in carbon footprint. The Ferma™ line assists personal care formulators in overcoming regulatory obstacles, financial constraints, and customer concerns by giving access to highly adaptable ingredients that are 100% bio-based and GMO-free.
The fermentation chemicals market is segmented:
1) By Product Type: Alcohols And Ketones, Amino Acids, Industrial Enzymes, Organic Acids, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Food And Beverages, Plastics And Fibers, Nutritional And Pharmaceuticals, Industrial Application, Cosmetic And Toiletry, Other Applications
North America was the largest region in the fermentation chemicals market in 2022.
The table of contents in TBRC’s fermentation chemicals market report includes:
1. Executive Summary
2. Fermentation Chemicals Market Characteristics
3. Fermentation Chemicals Market Trends And Strategies
4. Fermentation Chemicals Market – Macro Economic Scenario
5. Fermentation Chemicals Market Size And Growth
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27. Fermentation Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In Fermentation Chemicals Market
29. Fermentation Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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