Fermentation Chemicals Market size to exceed $174 Bn by 2032

Fermentation Chemicals Market size is expected to cross USD 174 million by 2032, according to a new research report by Global Market Insights Inc.
 

Rising consumer awareness about calorie consumption and weight management, particularly in North America, will influence the demand for fermentation chemicals. According to a Harvard report, two out of three adults in the U.S. are overweight or obese. The use of modern agriculture practices has helped increase pest resistance, growth rate & size of crops, but has impacted their nutrition. Due to this, consumers are facing health issues which has in turn led to a rise in the consumption of dietary supplements. This is predicted to create demand for nutraceuticals and pharmaceutical products, fueling the market development.
 

Robust use of amino acids in the cosmetics sector

Fermentation chemicals market from amino acid segment is estimated to surpass USD 4.3 billion by 2032, due to high demand for amino acids in the food, medicines, cosmetics, and animal nutrition sectors. In the cosmetics sector, amino acids play a major role in maintaining overall skin health and beautification. In 2023, OLAY, a leading cosmetics brand, launched a powerhouse moisturizer, which is enriched with 99% amino acid peptides and synthetic niacinamide. The demand for products like these will increase the requirement for amino acids in the coming years.
 

Demand for hydrogen gas in the food sector

The fermentation chemical market from industrial application segment is set to be worth USD 67 billion by 2032. Fermentation is used in the production of animal feed, textiles, ethanol, and hydrogen gas, among other industrial products. Hydrogen is utilized in the processing of food, the manufacturing of fertilizers, the treatment of metals, and the refining of petroleum. Rising industrialization, increased agricultural activity, and high consumer demand for processed foods is anticipated to increase the need for hydrogen.
 

Browse key industry insights spread across 185 pages with 293 market data tables and 21 figures & charts from the report, “Fermentation Chemicals Market Size, By Product (Dairy products, Alcoholic Beverages, Organic Acid {Amino Acids, Citric acids, Lactic acids} Alcohols & Ketones {Ethanol, Polyols}, Industrial Enzymes, Biopolymers), By End-Use (Food & Beverages, Plastics & Fibers, Nutritional & Pharmaceuticals, Industrial Application, Cosmetic & Toiletries, Biofuel), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fermentation-chemicals-market
 

Rising population in APAC to fuel product demand

Asia Pacific fermentation chemicals industry will reach USD 67 billion by 2032, owing expanding food and beverage industry in the region. Growing consumer incomes, expanding population, and strategic investments made by private businesses in the area should boost market expansion. As per data from Worldometers, the population of Asia amounts to more than half the world’s population i.e., nearly 59%. Asia is also the most populated region of the world anchored at the 1^st rank.
 

New product launches by key market players

Major players involved in the fermentation chemicals market include Novozymes A/S, Incorporated, Ajinomoto company incorporation, Koninklijke DSM N.V., Cargill, AB Enzymes, Jungbunzlauer, Corbion NV, BASF SE, Chr. Hansen A/S, Tate & Lyle, Ashland Global Holdings Inc, Dow Chemicals, Danisco A/S, ADM (Archer-Daniels-Midland Company), Evonik Industries AG, and Amano enzymes. New product launches with advanced technology are the current focus of companies across the global market. For instance, in Jan 2021, AB Enzymes launched its new product, VERON RYEO, for bread improver manufacturers to create better quality rye-based products.