insightSLICE

Fermentation Chemicals Market

Fermentation Chemicals Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The fermentation chemicals market size was estimated to be US$ 71.40 Billion in 2022.

AB Enzymes, ADM, Ajinomoto Co., Inc., Amano Enzymes USA Co., Ltd., BASF SE, Cargill, Inc., Chr. Hansen Holding A/S, Dow, DSM, DuPont Danisco, Evonik Industries AG, Novozymes among others, are the major players in this market.

The fermentation chemicals market is expected to increase at a CAGR of 6.9% from 2023 to 2032.

The fermentation chemicals market is driven by a growing demand for fermented food and beverages, bio-based chemicals, and natural and organic products.

North America is the largest regional market for fermentation chemicals. The region is a major producer of bioethanol and other bio-based chemicals, which is fuelling growth in the fermentation chemicals market.

Fermentation chemicals are largely used in the industrial application, food & beverages, nutritional & pharmaceutical, plastics & fibers, and other industry.

The alcohol product segment dominated the market owing to its widespread use in a variety of applications such as the production of biofuels, solvents, and personal care products.