Top Companies in Fermentation Chemicals Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Fermentation Chemicals Market is projected to reach a value of USD 83.6 Billion by 2028 at a CAGR of 5.1% over the forecast period.
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The Global Fermentation Chemicals Market is valued at USD 62.1 Billion in 2021 and is projected to reach a value of USD 83.6 Billion by 2028 at a CAGR of 5.1% over the forecast period. In addition, the price advantages of Fermentation Chemicals over their synthetic or petroleum-derived counterparts and their environmental friendliness are further factors supporting this industry's expansion.
The expanding pharmaceutical sector drives the Fermentation Chemicals Market along with the rising application in the meat production and booming food & beverage sector.
Major manufacturers' increasing preference for organic feedstock over synthetic feedstock in fermentation processes is anticipated to fuel the market's growth. Additionally, a higher rate of product penetration worldwide will be facilitated by increasing government research spending, the presence of top laboratories and life science research institutions, and enhanced R&D activities for generating unique items. Additionally, the consumption of packaged foods is rising quickly in developed countries, significantly increasing product utilization and supporting the market expansion for Fermentation Chemicals.
The Fermentation Chemicals Market is dominated by globally established players such as BASF SE (Germany), Archer Daniels Midland Company (US), Cargill Incorporated (US), Dow Chemical Company (US), AB Enzymes (Germany), Chr. Hansen A/S (Denmark), DSM Chemicals Company (Netherlands), Ajinomoto Co. Inc. (Japan), Novozymes A/S (Denmark), Evonik Industries AG (Germany), and Amano Enzymes Inc. (US), among others. These industries use fermented chemicals to create solvents, pharmaceutical components, plastic resins, and other products. These companies can expand their reach and enter new areas thanks to these techniques.
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Let’s Look at the Top Companies That are Taking the Fermentation Chemicals Market by Storm
Due to widespread product use in several end-use sectors, such as nutritional & pharmaceutical, food & beverage, industrial application, polymers & fibres, and cosmetic & toiletry, significant players are vigorously interested in the fermentation chemical market.
- BASF SE (Germany)
BASF SE is a manufacturer of chemicals. Plastics, chemicals, performance goods, agricultural solutions, oil & gas, and functional solutions comprise the company's six business segments. In addition to offering different system solutions and services, BASF supplies goods for the automotive, construction, chemical, agricultural, plastics, oil, electrical, electronics, furniture, and paper industries.
- The Archer Daniels Midland Company(US)
This Company purchases, transports, stores, and merchandises agricultural goods. The business deals with processing corn, wheat, oats, peanuts, and oilseeds. In addition, Archer-Daniels-Midland processes and produces goods that are generally used as ingredients for food or animal feed.
- Cargill Incorporated(US)
This Company sells agricultural goods. The company grows grains and oilseeds and offers risk management tools and services to farmers and meat and poultry, animal nutrition, biofuels, food, and industrial goods. Cargill serves worldwide customers.
- The Dow Chemical Corporation(US)
A chemical company, The Dow Chemical Company conducts business. The business produces agro-science, rubber, plastics, and specialty chemicals. Dow Chemical provides services to the packaging, agricultural, infrastructural, and personal care industries worldwide.
- AB Enzymes(Germany)
The Company AB Enzymes GmbH creates and manufactures enzymes. The business provides products for industrial baking, technical enzymes, animal feed enzymes, and specialty foods. For the enzymatic oxidation of lignocellulosic substrates, AB provides its enzymes.
- Chr. Hansen A/S(Denmark)
This Company produces probiotics, enzymes, food cultures, and natural colors. The business provides ingredients for the manufacture of cheese, fermented milk, drinks, wine, confections, bread goods, fruit preparations, sweets, cereals, spreads, and snacks. Chr. Hansen provides services to the global food, beverage, and agricultural industries.
- Ajinomoto Co. Inc. (Japan)
Ajinomoto Co. Inc. manufactures and markets a range of food items, such as dairy goods, seasonings, processed foods, oils, and beverages. The business also produces specialty chemicals, amino acids, and medications.
- Novozymes A/S(Denmark)
A biotechnology-based business is Novozymes A/S. Enzymes for industrial usage are researched, developed, created, and sold by the company. The technical enzyme market, the food enzyme market, and the animal feed market are the three primary segments in which Novozymes operates. The company runs online sales and service facilities and has a global distribution network.
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