The Fermentation Chemicals Global Market Report 2023, provides comprehensive information on the fermentation chemicals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global fermentation chemicals market size is expected to grow from $63.23 billion in 2022 to $67.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fermentation chemicals market size is expected to grow to $84.88 billion in 2027 at a CAGR of 5.9%.
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Technological progress plays a pivotal role in shaping the landscape of the fermentation chemicals market. Prominent industry players in this sphere are actively engaged in pioneering novel and groundbreaking solutions, all geared towards fortifying their market standing. A notable example of this is the case of Locus Performance Ingredients™, an esteemed American biochemistry and fermentation enterprise. In the memorable annals of August 2020, Locus Performance Ingredients™ introduced ‘Ferma™,’ a game-changing product.
Ferma™ is adorned with a pure sophorolipid family of biosurfactants (INCI: Glycolipids), which not only endorses safer and more sustainable ingredient solutions but also boasts a remarkable 5-25 times enhancement in performance capabilities. This notable leap leads to a commendable reduction in consumption rates, accompanied by an impressive 37% decrease in the carbon footprint. The Ferma™ product line proves to be an invaluable resource for personal care formulators, offering them a potent weapon to surmount regulatory hurdles, financial constraints, and customer concerns.
By granting access to exceedingly versatile ingredients that are not only 100% bio-based but also free from genetically modified organisms (GMOs), the Ferma™ range opens up a world of possibilities for innovative formulation and environmentally conscious product development, thereby contributing to the ongoing transformation of the fermentation chemicals market.
The fermentation chemicals market is segmented:
1) By Product Type: Alcohols And Ketones, Amino Acids, Industrial Enzymes, Organic Acids, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Food And Beverages, Plastics And Fibers, Nutritional And Pharmaceuticals, Industrial Application, Cosmetic And Toiletry, Other Applications
North America was the largest region in the fermentation chemicals market in 2022.
The table of contents in TBRC’s fermentation chemicals market report includes:
1. Executive Summary
2. Fermentation Chemicals Market Characteristics
3. Fermentation Chemicals Market Trends And Strategies
4. Fermentation Chemicals Market – Macro Economic Scenario
5. Fermentation Chemicals Market Size And Growth
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27. Fermentation Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In Fermentation Chemicals Market
29. Fermentation Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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