Fermentation Chemicals Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Alcohols, Enzymes, Organic Acids, and Others), By Form (Powder and Liquid), By Application (Food & Beverages, Industrial, Pharmaceutical & Nutritional, Plastics & Fibers, Distillery, Detergent, and Others), and Region Forecast 2019-2030

Fermentation Chemicals Market size was valued at US$ 65.08 billion in 2023 and is poised to grow at a CAGR of 6.6% from 2024-2030. Some of the key factors fostering the market growth include increasing manufacturing of antibiotics and steroids, rising demand for nonalcoholic beverages, growing demand from end-user industries, rising environmental concerns, and an increasing number of industrial applications. However, factors such as complicated fermentation processes, side effects of using these chemicals, and high costs are inhibiting market growth. In addition, the improved significance of bio-products is providing huge growth opportunities for the market. The longer a food is held in storage, the lower it becomes in nutrition. Fermented foods are not only ineffective, but they possess harmful properties as well.

The consumption of fermented foods increases the risk of developing gastric cancer. When foods ferment or decompose, certain waste products are produced by the bacteria which break down the food. One of these byproducts is alcohol. Many fermented foods, such as soy sauce, contain a significant amount of alcohol. Of course, the alcohol in fermented foods is usually a small quantity but even small amounts of alcohol affect the cells of the body. Hence, the side effects of fermented chemicals hamper the market growth. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market.