Fermentation Chemicals Market Growth - Analysis, Comprehensive Research Study, Size, Share, Global Leading Growth Drivers and Market Trends till 2023
Market Insights: Fermentation chemicals play a vital role in chemical reactions. They act as an initiator or catalyst in chemical reactions. The application of fermentation chemicals in the production processes in end-use industries, such as pharmaceutical, food and beverage, and cosmetics, helps to save time and production cost. The fermentation chemicals comprise sugar, starch, corn, and other vegetable feedstocks. The growing preference for organic feedstocks over synthetic feedstocks by major manufacturers in the fermentation processes is expected to be the major factor driving the growth of the global fermentation chemicals market. The growing awareness among consumers regarding organic food consumption has urged major food manufacturing companies to shift towards bio-based raw materials, which is also expected to fuel the growth of the market during the forecast period. Segment Analysis: The global fermentation chemicals market is segmented based on product type and appli...