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 & F

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

Fermentation Chemical Market is anticipated to grow substantially through 2032 owing to increasing consumer preference towards personal care and hygiene products. Rising pollution levels and unhealthy lifestyles have raised consumers' concerns regarding hygiene and skin health, which would further spur the demand for fermentation chemical.

Fermentation helps make food nutritious, digestible, and flavorful. It also offers several benefits, such as improving digestion and helping to maintain intestinal bacteria, providing an anticancer effect, enhancing the immune system, and reducing lactose intolerance. The fermentation process is widely applied in several industries. For example, fermentation in sewage treatment plants and freshwater sediments produces methane.

Key market players in the fermentation chemical industry are participating in partnerships, mergers, and acquisitions and launching new products to stay competitive in the overall market. To cite an instance, in 2021, Novozymes obtained a majority share in Synergia Life Sciences for a cash payment of USD 150 million. With this acquisition, Novozymes strengthened and accelerated its position in human health and functional foods.

Overall, the fermentation chemical industry is segmented in terms of product, end-use, and region.

By product, the dairy products segment is slated to be valued at over USD 10 billion by 2032. Fermented dairy products contain beneficial substances and metabolites from lactic acid bacteria produced during fermentation. Some of the key benefits of fermented milk products include enhanced digestibility, added probiotics, new and unique flavors, vitamins and minerals, and preservation products, which are anticipated to increase their adoption in the coming future.

Based on end-use, the nutritional and pharmaceuticals segment will record remunerative gains between 2023-2032. The growth can be accredited to the wide application of fermentation chemicals for producing chemical APIs, anticancer cytotoxic drugs and vaccines, anti-infectious disease antibiotics and vaccines, and others. The chemicals are also used for manufacturing ointments, parental solutions, and anti-acne treatment products, which will assist the segment in growing in the future. Intense vaccine rollout in the COVID-19 realm has potentially enhanced the business space for fermentation chemicals over the past few years.

Regionally, the North America fermentation chemical industry is projected to be valued at over USD 47 billion in 2032. The regional market growth can be credited to the thriving brewing industry across vivid American economies. Besides, the budding usage of ethanol as a biofuel will also assist the market growth in the coming years.