Fermentation Chemicals Market Size

Fermentation Chemicals Market Size

Fermentation Chemicals Market size surpassed USD 98.5 billion in 2022 and is projected to expand at 5.5% CAGR from 2023 to 2032.

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Frequent use of fermentation chemicals in the food and beverage sector would complement the market growth. These chemicals are used to enhance the taste, increase shelf life, and add multiple health benefits to food products. They help improve digestion and reduce the risk of infectious diseases. Elevated cases of digestive disorders, chronic diseases, and obesity across Europe should boost the demand for healthy food and beverage options, favoring product penetration. As per World Health Organization (WHO) reports, in 2022, almost 59% of adults in Europe were overweight or obese, which is a leading cause of disability or death in the region, amounting to nearly 1.2 million deaths annually.

Stringent rules and regulations by government authorities over waste disposal are likely to impact the fermentation chemicals market demand. Developing countries are undertaking several changes in waste disposal methods. Throughout the fermentation process, antimicrobial agents are used to prevent the growth of unwanted microbes. These agents can potentially impact the environment if not properly discharged. On the contrary, substantial population growth, rising health awareness, and a steady shift towards hygienic practices could boost consumer expenditure on personal hygiene products