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Fermentation Chemicals Market Analysis

  • Report ID: GMI4028
  • Published Date: Feb 2023
  • Report Format: PDF

Fermentation Chemicals Market Analysis

The industrial enzymes segment is estimated to cross USD 67 billion by 2032. Commercial applications for industrial enzymes include the production of chemicals, medicines, biofuels, food and beverage, and consumer goods. These enzymes aid in speeding up reactions to obtain the final product accurately and quickly and are applicable in various end-use industries for making cheese, brewing beer, baking bread, extracting fruit juice, tanning leather, and others. With multiple benefits like quick processing times, low energy requirements, affordability, non-toxic nature, and environmental friendliness, industrial enzymes are set to hold a major market share.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of fermentation chemical was valued at more than USD 98.5 billion in 2022 and is projected to record a 5.5% CAGR from 2023 to 2032.

The food and beverages segment is anticipated to cross USD 49 billion by 2032 as the product is used in the manufacturing of alcoholic beverages including beer, wine, and liquor as well as yogurt pickles, bread, and bakery goods.

The market for fermentation chemical in Europe is expected to observe over 4.5% CAGR from 2023 to 2032 due to the expanding pharmaceutical sector in the EU.

Some of the key players in the market are Cargill, Amano enzymes, Incorporated, Novozymes A/S, BASF SE, Evonik Industries AG, Chr. Hansen A/S, and Dow Chemicals.

Fermentation Chemicals Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 314
  • Countries covered: 22
  • Pages: 185
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