Fermentation chemicals Market, By Type (Alcohols, Enzymes, Organic, Acids, Others), By Application (Industrial Application, Food & Beverages, Nutritional & Pharmaceuticals, Plastics & Fibers, Others), and By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Fermentation chemicals are used to initiate the chemical reactions in synthesize of various chemicals. Fermentation chemicals are used to catalyze or initiate the chemical process of fermentation in various products. These chemicals are majorly manufactured using vegetable feedstock, such as sugar, corn and starch, and are used in the production of bioplastics, biofuels, polymers and composites, among other products. They are crucial for increasing the pace of the chemical reaction, which contributes to minimize the overall manufacturing cost, fermentation time and energy consumption. Owing to this, these chemicals find extensive applications across various industries, including plastic manufacturing, pharmaceuticals, nutraceuticals, and food and beverages (F&B).
Market Dynamics
Increasing use of fermentation chemicals for the manufacturing of organic acids such as citric acid, lactic acid, gluconic acid, and itaconic acid. Moreover, strong demand for fermentation chemicals from the pharmaceutical industry is propelling market growth. Fermentation chemicals are widely used as a preservatives and additives across food &beverage industry, which is expected to offer potential growth opportunities in the near future.
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