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Fermentation Chemicals Market Share

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

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Fermentation Chemicals Market Share

Some of the leading companies involved in the market are

Cargill
Amano enzymes
Incorporated
Novozymes A/S
BASF SE
Ajinomoto company incorporation
Evonik Industries AG
Corbion NV
AB Enzymes
Jungbunzlauer
Koninklijke DSM N.V
Tate & Lyle
Chr. Hansen A/S
Ashland Global Holdings Inc
Danisco A/S
ADM (Archer-Daniels-Midland Company)
Dow Chemicals

Companies are focusing on new business initiatives and product development efforts to expand business reach. For instance, in October 2021, Novozymes unveiled Innova Quantum, a hardy yeast for ethanol plants with extended fermentation durations. It was developed and launched in partnership with MicroBioGen in order to achieve higher ethanol yields and enhanced processing efficiency.

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.