Fermentation Chemical Market Revenue Growth Analysis, 2023–2032

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Fermentation Chemical Market Cross 174 Bn by
2032
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Overview of Fermentation Chemical Market

• 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.

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• 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.

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• 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.
• Notable participants in the Fermentation Chemical
  market include Novozymes A/S, Incorporated,
  Ajinomoto company incorporation, Koninklijke DSM
  N.V., Cargill, AB Enzymes, Jungbunzlauer, Corbion
  NV, BASF SE, Chr. Hansen A/S, Tate Lyle,
  Ashland Global Holdings Inc, Dow Chemicals,
  Danisco A/S, ADM (Archer-Daniels-Midland
  Company), Evonik Industries AG, and Amano enzymes

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