Mexico Fermentation Chemical Market Overview, 2029

Mexico Fermentation Chemical Market Overview, 2029

The Mexican fermentation chemicals market forms an intrinsic part of the global chemical industry. International trade and collaboration have become very important for the development of the market, with raw materials, technology, and finished products crossing borders. Beginning the process of market globalization provides potential access to many advanced technologies and innovations at this stage itself, thus helping in enhancing the competitive scenario for Mexican manufacturers. The resultant trade policies, tariffs, and international regulations add more complexity to the global supply chains and regulatory environments which a company had to navigate. The fermentation chemicals market has a huge effect on the economy, as it fuels the growth of the biotechnology and chemical industries in Mexico. In addition, it creates jobs in the sectors of research and manufacturing, including distribution. The growth will further trigger ancillary industry development like agriculture, intended for the production of bio-based feedstocks, raw materials for fermentation processes. This economic benefit will reduce to rural areas where the bio-based feedstocks are grown to the benefit of local economies and the community. Different industries use fermentation chemicals for specific applications to enhance operational efficiency and product quality. The chemical used in fermentation finds its applications in the food and beverage industry due to the need for flavors, preservatives, and nutritional supplements. Fermentation in the pharmaceuticals industry is applied in the production of antibiotics, insulin, vaccines, etc., for the availability of very important medicines. In the textile industry, fermentation-derived enzymes optimize treatments and dyeing processes of fabrics in developing athletic wear products of excellence in both quality and sustainability for improved textile production processes. Industry-specific applications like these typify the versatility and value of fermentation chemicals across a wide range of industries.

According to the research report “ Mexico Fermentation Chemicals Market Overview, 2029,"" published by Bonafide Research, the Mexico Fermentation Chemicals market is expected to reach a market size of more than USD 2 Billion by 2029. The steep growth has been due to demand for natural and organic products and advanced biotechnology and bioengineering. With fast-paced industrialization and increasing consciousness towards the environment, not limited to consumers but industries in Mexico, the demand for fermentation chemicals keeps increasing. Heavy investments were made in research and development to bring fermentation chemicals into the mainstream market. A growing awareness and concern about such environmental issues as climate change and pollution within the American region helped boost the demand for fermentation chemicals. Fermentation-derived chemicals involve renewable resources and produce fewer by-products that are harmful to the environment. The main objective of this strategy is to develop a sustainable bioeconomy with the aid of biotechnology and renewable resources. It has measures aimed at promoting research and development, promoting the use of bio-based products, reducing the environmental impact of industrial processes, among others. Added to this was the fact that more recent advances in biotechnology and bioengineering had succeeded in creating more efficient and cheaper production processes, which contributed to the growth in the market. CONACYT (National Council for Science and Technology) provides financing and grants for research projects related to biotechnology and other associated areas. These funds support the development of innovative fermentation processes and products, thus boosting growth in the fermentation chemicals market.

Mexican spirits, such as tequila and mezcal, fermented alcoholic beverages from the juice of the agave plant, brought Mexico fame. These products are protected by strict appellations of origin, which guarantee their production through traditional methods and within the country's precise geographical areas. The beer industry is huge; Mexico is among the largest beer producers in the world. The festive traditional alcoholic beverages are very much today acknowledged for their potentialities and uses to human health. It is probably among the most consumed traditional beverages in Mexico is pulque, which is just in recently under research in the academic research literature. In this respect, unique research and applications have been developed toward the full identification and characterization of compounds and microbiota present in pulque. Food microbiology represents an ancient technology designed to extend the shelf life of agricultural products, both for human consumption and for the welfare of their microbiota. Traditional fermented foods and beverages around the world have immense biological, economic, and socio-cultural importance. Some amylaceous and other indigenous fermented beverages are consumed in Mexico since prehispanic times; some are still in use for ceremonial purposes. These beverages are produced generally from fruits, plants, maize, and maize dough, which are utilized by the microorganisms as a substrate during spontaneous fermentation. This generates organic acids, namely citric acid, lactic acid, and acetic acid, which are utilized in Mexico. These acids find their application in the food and beverage industries, in pharmaceuticals, and in animal feed. For example, citric acid, which is majorly obtained from the great lime production in the country, is applied as a preservative and flavor enhancer of food and beverages. Enzymes are widely and diversely applied in Mexico: in the industrial points of the food treatment process, the detergent production process, and the biofuel production process. With increasing requirement from those industries, the country's enzyme market will increase. There is substantial domestic production together with imports, primarily from the United States.

Enzymes and microorganisms are widely used in industrial processes in Mexico. For example, enzymes are used in the production of biofuels, in waste management for bioremediation, and in the textile industry for denim finishing. The country's growing focus on renewable energy and sustainable practices is expected to increase the demand for these products. This is a leading and growing application area. Alcoholic beverages, as mentioned earlier, are a significant part of this. Enzymes and organic acids are used in food processing for purposes such as improving texture, aiding in fermentation, and extending shelf life. Mexico's large food and beverage industry, driven by both domestic consumption and export, is a significant market for these products. Biological products, including organic acids and enzymes, are used in the production of pharmaceuticals and nutritional supplements in Mexico. For example, some organic acids are used in the production of vitamins, while enzymes are used in the production of certain types of medication. Bioplastics, which are derived from renewable biomass sources, are a growing area of interest in Mexico. These materials can be used to produce a wide range of products, from packaging to textiles. While still a relatively small part of the market, the demand for bioplastics is expected to grow due to increasing environmental concerns. Biological products have numerous other applications in Mexico, including use in animal feed, cosmetics, and cleaning products. For example, enzymes are used in the production of some types of animal feed to improve nutrient absorption, and organic acids are used in cosmetics for their antimicrobial and exfoliating properties.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Fermentation Chemicals market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Alcohol Fermentation
• Organic Acids
• Enzymes
• Other Product Types

By Application
• Industrial
• Food and Beverage
• Pharmaceutical and Nutritional
• Plastics and Fibers
• Other Applications

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Fermentation Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.