According to a new market report published by Credence Research “Fermentation Chemicals Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the fermentation chemicals market was valued at US$ 47.4 Bn in 2016, and is expected to reach US$ 66.0 Bn by 2022, expanding at a CAGR of 5.6% from 2016 to 2022.
Browse the full Fermentation Chemicals Market (Alcohols, Enzymes, Organic Acid, Others) for Industrial Applications, Food & Beverages, Pharmaceuticals, Plastic & Fibers, and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/fermentation-chemicals-market
Market Insights
The metabolic process which converts sugar into acids, alcohol and gases is known to be fermentation. Fermentation process helps to speed up the reaction coz its catalyst property. Therefore, it is used in a wide range of end-use industries. Fermentation process is used as a vital raw material in the alcohol industry. Alcohol is the major product obtained from fermentation process. Alcohol market is the largest market boosting the growth of global fermentation chemicals in the market. It is produced by fermenting grains, grapes, etc. which give end product as beer, wine, spirits, etc. Among the listed end products, beer is considered to be the largest selling alcohol. Rising demand for alcohol has therefore led to growth of global fermentation chemicals market in 2016.
On the basis of product type, fermentation chemicals market is segmented into alcohol, enzymes, organic acid and others. Alcohol accounts for larger share of global fermentation chemicals market. Enzymes followed alcohol in terms of demand in the market. It accounted to be the second largest product segment of fermentation which is used in large number of end use industries. Organic acid are the third largest category in fermented products. They are widely used as food additives in the food industry. Products of fermentation are also used in other industries such as cosmetic and pharmaceutical industry. Cosmetic & pharmaceutical industry is the major factor driving the growth of global fermentation chemicals market and is expected to rise in the near future.
Competitive Insights
Industrial applications accounted to be the major application segment with more than 15% share of global fermentation chemicals market. Fermentation chemicals are used for various industrial applications ranging from plastic, chemical, rubber, biofuel, leather and textile among others. Consumption of enzymes is the largest in terms of both volume and value in the detergent industry. The uses of enzymes have better ability to remove stains and make the detergent environmentally safe. Food & beverages accounted as the second largest application of fermentation chemicals market in 2016. Fermentation chemicals are used as food additives widely in the food & beverages industry. Hence, high demand is reported for fermentation chemicals from the food & beverages industry. Pharmaceutical industry is the major factor driving the global fermentation chemicals market. Other applications such as plastic & fibers and others are also anticipated to boost market demand for fermentation chemicals during the forecast period from 2016 to 2022.
For More Information, List of Figure, Tables And TOC Visit – http://www.credenceresearch.com/report/fermentation-chemicals-market
Key Trends
- High demand from various end use industries
- Cosmetic & pharmaceutical industry driving the growth of market
- Asia Pacific is the fastest growing region for fermentation chemicals
- Opportunities from increase in industrial applications
Latest Report:
Camphor Tablets Market – Growth, Share, Opportunities & Competitive Analysis, 2015 -2022
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/fermentation-chemicals-market