Lucintel Forecasts the Global Fermentation Chemical Market to Reach $120.7 billion by 2030
Lucintel Forecasts the Global Fermentation Chemical Market to Reach $120.7 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global fermentation chemical market looks promising with opportunities in the industrial application, food & beverage, nutritional & pharmaceutical, and plastics & fibers applications. The global fermentation chemical market is expected to reach an estimated $120.7 billion by 2030 from $86.1 billion in 2024, at a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing demand for demand for bio-based feedstock and rising demand for various organic acids from fiber and plastic manufacturing sector.
A more than 150-page report to understand trends, opportunity and forecast in fermentation chemical market to 2030 by product (alcohols, enzymes, organic acids, and others), application (industrial application, food & beverages, nutritional and pharmaceutical, plastics and fibers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that alcohol is expected to witness the highest growth over the forecast period due to its increasing demand from variety of industries, such as food and beverages, pharmaceuticals, and cosmetics.
Within this market, industrial is expected to witness the highest growth over the forecast period.
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North America is expected to witness the highest growth over the forecast period due to extensive demand for fermentation chemicals from various end use industries, such as pharmaceuticals, industrial, and food & beverages in the region.
BASF SE, Novozymes, DuPont Danisco, DSM, Amano Enzymes are the major suppliers in the fermentation chemical market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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