Fermentation Products Market 2018 : Alcohols, Amino Acids, Organic, Biogas, Polymers, Vitamins & Others Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2016-2023
FERMENTATION PRODUCTS MARKET
Fermentation Products Market by Type, Feedstock, Process, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global fermentation products market was valued at $149,469 million in 2016, and is projected to reach at $205,465 million by 2023, growing at a CAGR of 4.7% from 2017 to 2023. The alcohols segment dominated the market in 2016, accounting for more than half of the market share, in terms of volume. Access Full Summary at: https://www.alliedmarketresearch.com/fermentation-products-market
FERMENTATION PRODUCTS MARKET
Fermentation is a metabolic process that involves conversion of sugar, cellulosic material, and starch into food, feed, fuel, and other industrial products. This conversion uses microorganisms or enzymes as raw materials and is carried out in bioreactors or fermenters. After this process, subsequent downstream processing is required to purify and isolate the target product. Fermentation products are necessary ingredients utilized in the production of bio-based products. Stringent government regulations imposed by key regulatory authorities in developed economies are anticipated to increase the demand for fermentation products during forecast period. These products assists in food preservation and extend shelf life of products in the food & beverage industry. Continuous R&D activities and acquisitions & mergers have been adopted by fermentation product manufacturers to expand their existing product portfolio and increase their market share.
FERMENTATION PRODUCTS MARKET Growth of the bioethanol industry, and rise in awareness among customers regarding bio-based products and ecological concerns drive growth and development of fermentation products market. Increase in demand for antibiotics & steroids and rise in use of fermentation products as raw material in textile, leather, plastic, chemical, and rubber industries further supplement market growth. North America is the leading region, due to increase in popularity of food and pharmaceutical products produced by use of fermentation products. Regulations framed by agencies, such as the Environmental Protection Agency (EPA) and European Commission, categorically promote green chemistry, growth of which is supported by utilization of fermentation products. However, irregular supply of raw materials, such as nutrients & microorganisms utilized in production of fermentation products, stringent regulations, and high manufacturing cost limit the market growth. In addition, economic viability of global fermentation-based chemical industry depends on price of alternative feedstock and relative product yields. Diversified demand for fermentation products in the emerging economies, such as India, China, and Brazil, technological innovation, and rise in number of applications are Download Report: anticipated to provide lucrative Free opportunities for market Sample expansion. https://www.alliedmarketresearch.com/request-sample/2332
FERMENTATION PRODUCTS MARKET
Top Investment Pocket Organic acids segment is the most prominent segment by type in global fermentation products market, and is expected to be first preference for new entrants, due to their high use in food & beverage industry. Lactic acid is utilized in food & beverage products as a flavor enhancer, acidulant, and shelf life extender.
FERMENTATION PRODUCTS MARKET
Asia-Pacific Analysis India accounted for the highest market share in the Asia-Pacific fermentation products market in 2016, owing to high demand for antibiotics. Progress in the bioethanol industry and rise in awareness among consumers about the benefits associated with bio-based products propel the demand of fermentation products in the region. South Korea fermentation products market generated revenue of $289 million in 2016, and is estimated to reach $468 million by 2023, growing at a CAGR of 7.1% during the forecast period.
South Korea Fermentation Products Market, 2015-2023 ($Million)
FERMENTATION PRODUCTS MARKET Key Benefits for Stakeholders •This report provides quantitative & qualitative analyses of the current market trends and estimations from 2016 to 2023, which assists to identify the prevailing market opportunities. •Market trends of major countries in each region are mapped according to anticipated market revenue. •Top investment pockets highlight the opportunities in the most lucrative application segment. •Comprehensive analysis of the factors that drive and restrict the growth of fermentation products market is provided. •An in-depth analysis of different regulations within the market is provided. •Key manufactures of fermentation products are profiled and their recent developments are listed.
FERMENTATION PRODUCTS MARKET SEGMENT
Fermentation Products Market Key Segments: By Type •Alcohols •Amino Acids •Organic Acids •Biogas •Polymers •Vitamins •Antibiotics •Industrial Enzymes
By Feedstock •Corn •Rice •Wheat •Sugarcane •Cassava •Barley •Potatoes •Sorghum etc.
By Process •Batch Fermentation •Continuous Fermentation •Others (Aerobic and Anaerobic Fermentation) By End-user Industry •Food & Beverages •Pharmaceutical •Agriculture •Personal Care •Animal Feed •Textile & Leather •Others (Paper, Bioremediation, Environment, and Biochemistry)
FERMENTATION PRODUCTS MARKET
By Geography
North America Europe Asia-Pacific LAMEA Do Purchase https://www.alliedmarketresearch.com/purchase-enquiry/2332
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FERMENTATION PRODUCTS MARKET
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FERMENTATION PRODUCTS MARKET
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