Fermentation chemicals act as catalysts to accelerate the fermentation process by enhancing chemical reactions. Fermentation chemicals are widely employed in diverse industries to improve chemical reactions. These chemicals are known for their environmentally friendly nature, cost-effectiveness, and ability to expedite manufacturing processes. In contrast to synthetic chemicals derived from petroleum, fermentation chemicals provide ecological advantages, leading to their growing popularity worldwide.
According to SPER market research, 'Fermentation Chemicals Market Size- By Application, By Product Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Fermentation Chemicals Market is predicted to reach USD 12.82 billion by 2033 with a CAGR of 6.02%.
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The utilization of environmentally safe vegetable feedstocks like starch, sugar, and corn forms the primary basis for the production of fermentation chemicals. The growing trend towards sustainable and biodegradable solvents is primarily motivated by fluctuations in crude oil prices, as well as increasing concerns about carbon emissions and the degradability of petrochemical-based products. These factors have opened up numerous growth opportunities for the fermentation chemicals industry.
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Furthermore, the projected period anticipates a surge in demand for fermentation chemicals across various industries, including a rising number of food & beverage start-ups, particularly in India. Additionally, some of the market key players are BASF SE, Biocon, Cargill Incorporated, Novozymes A/S, TCI Chemicals (India) Pvt. Ltd., The Dow Chemical Company, Others.
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