The analysts forecast global fermentation chemicals market to grow at a CAGR of 5.98% during the period 2017-2021. The latest trend gaining momentum in the market is Emerging use of enzymes in nutraceuticals.
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The insufficiency of adequate nutrients in dairy foods and the growing health consciousness are driving the consumption of nutraceutical products globally.
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The developed regions such as the Americas and Europe are the main markets for nutraceutical products. The high cost of these products previously hindered their acceptance in the developing markets.
However, the rising disposable incomes and the increasing awareness about such products are fostering their consumption in emerging markets such as India and China.”
Major key players in the global fermentation chemicals market: AJINOMOTO, Archer Daniels Midland, BASF, Cargill, Evonik Industries, The Dow Chemical Company, Amano Enzyme, AB Enzymes, Chr. Hansen Holding, Novozymes, and Royal DSM.
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According to the fermentation chemicals market report, one of the major drivers for this market is Rising need for renewable and clean fuel. Globally, there is a growing interest to substitute fuels because of the uncertainty of global fuel prices, energy security, and the continued rise in CO₂ emission levels.
There is a demand for industrial and automotive fuels that can reduce CO₂ emissions. The gradual depletion of fossil fuel reserves has given rise to the need for renewable sources of energy such as biofuels.
The continuous R&D has led to the use of alternative fuels such as ethanol and methanol, which is gradually moving toward large-scale commercialization because their performance is like that of gasoline and diesel for transportation and industrial applications.
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Further, the fermentation chemicals market report states that one of the major factors hindering the growth of this market is Fall in crude oil prices. Various alcohol fuels are one of the main substitutes of crude oil products such as gasoline and diesel.
The sudden change in the global crude oil prices has resulted in a steep decline in oil trading prices. Brent and West Texas Intermediate crude oil prices have dropped nearly 50% from 2014 to 2015.
The remarkable decline in oil prices is attributed to a systemic demand-supply imbalance in the global crude oil market. This has made ethanol, methanol, and other alternative renewable fuels less lucrative.
The low crude oil prices have increased the difference in prices between conventional fuels and renewable fuels. Generally, the governments subsidize renewable fuels to make them attractive to consumers.
However, if crude oil prices continue to decline, governments must increase the subsidies to make alcohol fuel products competitive and more attractive. This will require additional funding from governments, failing which the sales of alcohols as fuel will decrease and subsequently affect the growth of the fermentation chemicals market.
Complete report on fermentation chemicals market spread across 93 pages, analyzing 11 major companies and providing 54 data exhibits now available at www.reportsnreports.com/reports/12…t-2017-2021.html.
Few Points from List of Exhibits:
Exhibit 1: Global Fermentation Chemicals Market Overview
Exhibit 2: Global Fermentation Chemicals Market 2016 and 2021 ($ Billions)
Exhibit 3: Global Fermentation Chemicals Market 2016-2021
Exhibit 4: Five Forces Analysis
Exhibit 5: Global Fermentation Chemicals Market By Product 2016 (% Share of Revenue)
Exhibit 6: Global Fermentation Chemicals Market By Product 2021 (% Share of Revenue)
Exhibit 7: Global Fermentation Chemicals Market By Alcohols 2016 and 2021 ($ Billions)
Exhibit 8: Basic Alcohol Fermentation Process
Exhibit 9: Common Applications and Functions of Alcohols
Exhibit 10: Global Fermentation Chemicals Market By Alcohols 2016-2021
Exhibit 11: Global Fermentation Chemicals Market By Organic Acids 2016 and 2021 ($ Billions)
Exhibit 12: Common Applications and Functions of Organic Acids
Exhibit 13: Global Fermentation Chemicals Market By Organic Acids 2016-2021
Exhibit 14: Global Fermentation Chemicals Market By Enzymes 2016 and 2021 ($ Billions)
Exhibit 15: Common Applications and Functions of Enzymes
Exhibit 16: Global Fermentation Chemicals Market By Enzymes 2016-2021
Exhibit 17: Global Fermentation Chemicals Market By Other Products 2016 and 2021 ($ Billions)
Exhibit 18: Global Fermentation Chemicals Market By Other Products 2016-2021
Exhibit 19: Global Fermentation Chemicals Market By Application 2016 (% Share of Revenue)
Exhibit 20: Global Fermentation Chemicals Market By Application 2021 (% Share of Revenue)