Fermentation Products Market 2018 : Alcohols, Amino Acids, Organic, Biogas, Polymers, Vitamins & Others

1. Fermentation Products Market 2018: Alcohols, Amino Acids, Organic, Biogas, Polymers, Vitamins & Others 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 are active ingredients processed through industrial fermentation techniques. They are used to manufacture various bio-based products and are environment friendly, thus are increasingly being employed in numerous industrial applications. Rise in ecological concerns; increase in demand for antibiotics; development of global bioethanol industry; rise in awareness among consumers about bio-based products; and increase in application of fermentation products in plastic, rubber, chemical, textile & leather industry drive the market growth globally. Regulations imposed by governmental agencies, such as European Commission and Environmental Protection Agency (EPA), categorically support green chemistry, thus encouraging fermentation product manufacturers. 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,

2. China, and Brazil, technological innovation, and rise in number of applications are anticipated to provide lucrative opportunities for market expansion. Fermentation Products Market In 2016, the alcohols segment accounted for more than half of the market, in terms of revenue, due to change in lifestyle and increase in disposable income of the population. Rise in luxury living has led to an increased demand for quality wine and beer, which utilize fermented alcohol in their formulation. Polymers is witnessing the highest CAGR, owing to the high demand for natural food & beverage and gluten-free products. Sugar beet accounted for the maximum market share, in terms of both volume and revenue, in 2016. Sugar beet grown in North-West Europe, especially Netherlands, is cost competitive due to presence of large-scale facilities, high sugar yields per hectare, and low outbound & inbound transportation costs. The food & beverage segment accounted for the highest share, in terms of both volume and revenue, in 2016, as fermentation products increase shelf life of products and provide a flavor, texture, and aroma to food products. Download Free Sample Report: https://www.alliedmarketresearch.com/request- sample/2332

3. Key Findings of the Fermentation Products Market: •North America is expected to lead the market during the forecast period, followed by LAMEA. •The polymers segment is expected to show highest growth rate by type, registering a CAGR of 13.4% from 2017 to 2023. •Sugar beet was the largest segment by feedstock in fermentation products market, in terms of volume, in 2016. •South Africa accounted for 21.5% share, in terms of volume, in the LAMEA market in 2016. •UK accounted for 17.9% share, in terms of revenue, in the European market, in 2016. •India is expected to grow at the highest CAGR of 7.4% during the forecast period. 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 •Sugar Beet •Other Coarse Grains (Oats, Millet, Triticale, Buckwheat, Rye, Canary Seed, Fonio, and Quinoa) •Other Roots & Tubers (Yams, Sweet Potatoes, Yautia, and Taro)

4. 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) By Geography •North America oU.S. oCanada oMexico •Europe oUK oGermany oFrance oSpain oItaly oRest of Europe •Asia-Pacific oChina oJapan oIndia oAustralia oSouth Korea oRest of Asia-Pacific •LAMEA oBrazil oSouth Africa oSaudi Arabia Do Purchase Report: enquiry/2332 https://www.alliedmarketresearch.com/purchase-

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