Fermentation Chemicals Market
PUBLISHED: 2023 ID: SMRC22250
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Fermentation Chemicals Market

Fermentation Chemicals Market Forecasts to 2028 - Global Analysis By Product (EnzymesAlcohols & Ketones and other Products), Form (Powder and Liquid), Application (Pharmaceuticals and Nutritional, Industrial and Other Applications) and Geography

4.6 (47 reviews)
4.6 (47 reviews)
Published: 2023 ID: SMRC22250

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $69.8 BN

Projected Year Value (2028)

US $106.5 BN

CAGR (2022 - 2028)

7.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

North America

 

According to Stratistics MRC, the Global Fermentation Chemicals Market is accounted for $69.8 billion in 2022 and is expected to reach $106.5 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Fermentation chemicals are used as process initiators in several applications. Chemicals used in fermentation are utilised to start chemical reactions during the synthesis of various chemicals. In order to accelerate or start the chemical process of fermentation in a variety of products, fermentation chemicals are utilised. These chemicals, which are used to make bioplastics, biofuels, polymers, and composites among other things, are mostly produced utilising vegetable feedstock’s including sugar, corn, and starch. They are essential for quickening the chemical process, which helps reduce total manufacturing costs, fermentation times, and energy usage. Due of this, these compounds are widely used in a variety of industries, such as the production of plastic, pharmaceuticals, nutraceuticals, and food and drinks (F&B).

According to the U.S. Department of Agriculture (USDA), total American cheese production in the U.S. was 5,253.8 million lb, 5,232.2 million lb, and 5,341.5 million lb in 2018, 2019, and 2020, respectively.



 

Market Dynamics:

Driver:

Environment-friendliness of fermentation chemicals

Chemicals for fermentation are applied to speed up chemical reactions in a variety of end-user sectors. The primary factors driving the transition to bio-based chemicals are rising crude oil prices and growing worries about carbon emissions. Compared to petroleum-based chemicals, these are less expensive and more environmentally friendly. Due to their ability to save manufacturing time by accelerating reaction rates, fermentation chemicals are projected to see an increase in demand in the years to come. The lack of sufficient supplies of feedstock like sugarcane, corn, and soybean has caused numerous sectors to turn their attention to fermentation chemicals. The demand for the product is also anticipated to rise when petrochemicals are replaced by bio-based chemicals.

Restraint:

Complex and cost-intensive manufacturing processes

Industrial fermentation is a very sophisticated, multistep process used to produce goods including bioplastics, biofuels, and polymers (such as xanthan, polyhydroxyalkanoates (PHA), and polylactic acid (PLA) and composites High levels of knowledge and capital are needed for it. The method aids in the conversion of starches, sugars, and cellulosic materials into fuel, feed, food ingredients, and other industrial goods. Compared to the direct conversion of vegetable feedstock into desired products, this raises the total cost and the number of processing steps by almost 10%.

Opportunity:

Growing major end-use industries

Fermentation chemicals have numerous end-use applications in the pharmaceutical, textile, metal, personal care & cosmetics, among other industries. The recent increase in demand for end-use items including processed foods, medications, and nutritional supplements has resulted in a significant increase in demand for these chemicals. The expansion of the worldwide PHA market is being driven by the rising safety concerns regarding the disposal of plastic and overflowing landfills. PHA has expanded in recent times, and the tendency is anticipated to continue. PHA has grown recently, and the trend is anticipated to continue during the projection period. Government sanctions that make bioplastics packaging mandatory and incentives for green packaging enterprises in the form of tax rebates have also pushed the expansion of PHA. Over the projected period, the increased demand for PHA is anticipated to boost the global market for fermentation chemicals.

Threat:

High cost of raw materials

The high cost of raw materials will slow the market's expansion for fermentation chemicals. The availability of substitute raw materials and the advent of unfavourable conditions as a result of the COVID-19 epidemic would also be obstacles to the market expansion for fermentation chemicals. Fermentation chemicals market growth will be further hampered by fluctuating production processes for ethanol, lactic acid, and bacteria as well as a lack of competent labour.

Covid-19 Impact

The distinctive COVID-19 virus had a diverse impact on almost every business in the world. Rising investments in biotechnology, R&D, and production from renewable sources are predicted to promote market growth and an extension of the industrial application areas for fermentation chemicals. However, production using lignocelluloses feedstock has some limitations, such as low overall conversion and relatively fewer applications of fermentation chemicals that are directly biosynthesized. Additionally, a general reduction in demand for biofuels and other chemicals with non-medical applications as a result of COVID-19 has had a substantial impact on the market growth in the industrial application market area.

The alcohols & ketones segment is expected to be the largest during the forecast period

The alcohols & ketones segment is estimated to have a lucrative growth. Alcohol is a collection of substances that are created during fermentation and have an OH functional group. Alcohol serves as the primary component of alcoholic beverages and is utilised as a solvent in a wide range of chemical processes including distillation and extraction. It can be produced using a variety of fruits, sugars, and starches, including sugar cane, sweet sorghum, corn, wheat, and potatoes. Alcohol is mostly utilised in the formulation of cosmetic items in the personal care sector, such as anti-foaming creams, astringents, and preservatives in hair care, sink care, and oral care products.

The industrial segment is expected to have the highest CAGR during the forecast period

The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period. Chemicals for fermentation are typically used in industrial applications. Higher penetration has been attained as a result of the adoption of green chemistry and numerous rules for commercial and industrial uses. Industrial fermentation refers to the use of microorganisms, such as fungus, bacteria, and eukaryotic cells, in the production of products including ethanol, citric acid, and acetic acid. It has been discovered that naturally derived goods are preferable to chemically generated food additives in terms of antioxidants, preservatives, flavours, colours, and vitamins.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the expansion of important end-use sectors, notably in China and India, such as food and beverage, pharmaceuticals, and polymers, is anticipated to continue to be a major driver for the regional market. Over the projected period, it is anticipated that rising per-capita middle-class disposable income levels and expansion in the food and beverage sector in nations like China and India will boost regional demand.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period; owing to intensive industrialization is a feature of North America. Major industry players with operations in the food and beverage, pharmaceutical, nutrition, and plastics and fibres sectors are well-represented in the region. Over the course of the forecast period, North America is anticipated to have the quickest growth in the enzymes market. It's anticipated that growing demand for enzymes from numerous industrial uses, including paper, personal care, and starch, will significantly impact industry growth.



Key players in the market

Some of the key players profiled in the Fermentation Chemicals Market include AB Enzymes, BASF SE, Ajinomoto Company Incorporation, Dow Chemicals, Archer Daniels Midland Company, Amano Enzymes Inc., Novozymes A/S, Cargill Incorporation, Du Pont Danisco A/S, Evonik Industries AG, DSM, ADM, Chr. Hansen Holding A/S, LANZATECH, TCI Chemicals (India) Pvt. Ltd, Evonik Industries AG, INVISTA, MicroBiopharm Japan Co., Ltd., Biocon, Lonza.

Key Developments:

In May 2021, a collaboration between LanzaTech and BASF aims to produce useful compounds from the carbon found in industrial off-gases. The partners have now made a significant breakthrough: using specialized bacteria, they were able to manufacture n-octanol at a laboratory scale from carbon monoxide and hydrogen, the major elements of emissions, such as those from the steel sector. Among other things, n-octanol is a crucial chemical used in cosmetics.

Products Covered:
• Tubs, Enzymes
• Alcohols & Ketones
• Organic Acid
• Other Products

Forms Covered:
• Powder
• Liquid

Applications Covered:
• Pharmaceuticals and Nutritional
• Industrial
• Plastic & Fibers
• Food and Beverages
• Cosmetic & Toiletry
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Fermentation Chemicals Market, By Product
5.1 Introduction
5.2 Enzymes
5.3 Alcohols & Ketones
5.3.1 Ethanol
5.3.2 Polyols
5.4 Organic Acid
5.4.1 Lactic Acid
5.4.2 Citric Acid
5.4.3 Gluconic Acid
5.4.4 Acetic Acid
5.5 Other Products

6 Global Fermentation Chemicals Market, By Form
6.1 Introduction
6.2 Powder
6.3 Liquid

7 Global Fermentation Chemicals Market, By Application
7.1 Introduction
7.2 Pharmaceuticals and Nutritional
7.3 Industrial
7.4 Plastic & Fibers
7.5 Food and Beverages
7.6 Cosmetic & Toiletry
7.7 Other Applicationss

8 Global Fermentation Chemicals Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 AB Enzymes
10.2 BASF SE
10.3 Ajinomoto Company Incorporation
10.4 Dow Chemicals
10.5 Archer Daniels Midland Company
10.6 Amano Enzymes Inc.
10.7 Novozymes A/S
10.8 Cargill Incorporation
10.9 Du Pont Danisco A/S
10.10 Evonik Industries AG
10.11 DSM
10.12 ADM
10.13 Chr. Hansen Holding A/S
10.14 LANZATECH
10.15 TCI Chemicals (India) Pvt. Ltd
10.16 Evonik Industries AG
10.17 INVISTA
10.18 MicroBiopharm Japan Co., Ltd.
10.19 Biocon
10.20 Lonza

List of Tables
1 Global Fermentation Chemicals Market Outlook, By Region (2020-2028) ($MN)
2 Global Fermentation Chemicals Market Outlook, By Product (2020-2028) ($MN)
3 Global Fermentation Chemicals Market Outlook, By Enzymes (2020-2028) ($MN)
4 Global Fermentation Chemicals Market Outlook, By Alcohols & Ketones (2020-2028) ($MN)
5 Global Fermentation Chemicals Market Outlook, By Ethanol (2020-2028) ($MN)
6 Global Fermentation Chemicals Market Outlook, By Polyols (2020-2028) ($MN)
7 Global Fermentation Chemicals Market Outlook, By Organic Acid (2020-2028) ($MN)
8 Global Fermentation Chemicals Market Outlook, By Lactic Acid (2020-2028) ($MN)
9 Global Fermentation Chemicals Market Outlook, By Citric Acid (2020-2028) ($MN)
10 Global Fermentation Chemicals Market Outlook, By Gluconic Acid (2020-2028) ($MN)
11 Global Fermentation Chemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)
12 Global Fermentation Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
13 Global Fermentation Chemicals Market Outlook, By Form (2020-2028) ($MN)
14 Global Fermentation Chemicals Market Outlook, By Powder (2020-2028) ($MN)
15 Global Fermentation Chemicals Market Outlook, By Liquid (2020-2028) ($MN)
16 Global Fermentation Chemicals Market Outlook, By Application (2020-2028) ($MN)
17 Global Fermentation Chemicals Market Outlook, By Pharmaceuticals and Nutritional (2020-2028) ($MN)
18 Global Fermentation Chemicals Market Outlook, By Industrial (2020-2028) ($MN)
19 Global Fermentation Chemicals Market Outlook, By Plastic & Fibers (2020-2028) ($MN)
20 Global Fermentation Chemicals Market Outlook, By Food and Beverages (2020-2028) ($MN)
21 Global Fermentation Chemicals Market Outlook, By Cosmetic & Toiletry (2020-2028) ($MN)
22 Global Fermentation Chemicals Market Outlook, By Other Applicationss (2020-2028) ($MN)
23 North America Fermentation Chemicals Market Outlook, By Country (2020-2028) ($MN)
24 North America Fermentation Chemicals Market Outlook, By Product (2020-2028) ($MN)
25 North America Fermentation Chemicals Market Outlook, By Enzymes (2020-2028) ($MN)
26 North America Fermentation Chemicals Market Outlook, By Alcohols & Ketones (2020-2028) ($MN)
27 North America Fermentation Chemicals Market Outlook, By Ethanol (2020-2028) ($MN)
28 North America Fermentation Chemicals Market Outlook, By Polyols (2020-2028) ($MN)
29 North America Fermentation Chemicals Market Outlook, By Organic Acid (2020-2028) ($MN)
30 North America Fermentation Chemicals Market Outlook, By Lactic Acid (2020-2028) ($MN)
31 North America Fermentation Chemicals Market Outlook, By Citric Acid (2020-2028) ($MN)
32 North America Fermentation Chemicals Market Outlook, By Gluconic Acid (2020-2028) ($MN)
33 North America Fermentation Chemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)
34 North America Fermentation Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
35 North America Fermentation Chemicals Market Outlook, By Form (2020-2028) ($MN)
36 North America Fermentation Chemicals Market Outlook, By Powder (2020-2028) ($MN)
37 North America Fermentation Chemicals Market Outlook, By Liquid (2020-2028) ($MN)
38 North America Fermentation Chemicals Market Outlook, By Application (2020-2028) ($MN)
39 North America Fermentation Chemicals Market Outlook, By Pharmaceuticals and Nutritional (2020-2028) ($MN)
40 North America Fermentation Chemicals Market Outlook, By Industrial (2020-2028) ($MN)
41 North America Fermentation Chemicals Market Outlook, By Plastic & Fibers (2020-2028) ($MN)
42 North America Fermentation Chemicals Market Outlook, By Food and Beverages (2020-2028) ($MN)
43 North America Fermentation Chemicals Market Outlook, By Cosmetic & Toiletry (2020-2028) ($MN)
44 North America Fermentation Chemicals Market Outlook, By Other Applicationss (2020-2028) ($MN)
45 Europe Fermentation Chemicals Market Outlook, By Country (2020-2028) ($MN)
46 Europe Fermentation Chemicals Market Outlook, By Product (2020-2028) ($MN)
47 Europe Fermentation Chemicals Market Outlook, By Enzymes (2020-2028) ($MN)
48 Europe Fermentation Chemicals Market Outlook, By Alcohols & Ketones (2020-2028) ($MN)
49 Europe Fermentation Chemicals Market Outlook, By Ethanol (2020-2028) ($MN)
50 Europe Fermentation Chemicals Market Outlook, By Polyols (2020-2028) ($MN)
51 Europe Fermentation Chemicals Market Outlook, By Organic Acid (2020-2028) ($MN)
52 Europe Fermentation Chemicals Market Outlook, By Lactic Acid (2020-2028) ($MN)
53 Europe Fermentation Chemicals Market Outlook, By Citric Acid (2020-2028) ($MN)
54 Europe Fermentation Chemicals Market Outlook, By Gluconic Acid (2020-2028) ($MN)
55 Europe Fermentation Chemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)
56 Europe Fermentation Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
57 Europe Fermentation Chemicals Market Outlook, By Form (2020-2028) ($MN)
58 Europe Fermentation Chemicals Market Outlook, By Powder (2020-2028) ($MN)
59 Europe Fermentation Chemicals Market Outlook, By Liquid (2020-2028) ($MN)
60 Europe Fermentation Chemicals Market Outlook, By Application (2020-2028) ($MN)
61 Europe Fermentation Chemicals Market Outlook, By Pharmaceuticals and Nutritional (2020-2028) ($MN)
62 Europe Fermentation Chemicals Market Outlook, By Industrial (2020-2028) ($MN)
63 Europe Fermentation Chemicals Market Outlook, By Plastic & Fibers (2020-2028) ($MN)
64 Europe Fermentation Chemicals Market Outlook, By Food and Beverages (2020-2028) ($MN)
65 Europe Fermentation Chemicals Market Outlook, By Cosmetic & Toiletry (2020-2028) ($MN)
66 Europe Fermentation Chemicals Market Outlook, By Other Applications (2020-2028) ($MN)
67 Asia Pacific Fermentation Chemicals Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Fermentation Chemicals Market Outlook, By Product (2020-2028) ($MN)
69 Asia Pacific Fermentation Chemicals Market Outlook, By Enzymes (2020-2028) ($MN)
70 Asia Pacific Fermentation Chemicals Market Outlook, By Alcohols & Ketones (2020-2028) ($MN)
71 Asia Pacific Fermentation Chemicals Market Outlook, By Ethanol (2020-2028) ($MN)
72 Asia Pacific Fermentation Chemicals Market Outlook, By Polyols (2020-2028) ($MN)
73 Asia Pacific Fermentation Chemicals Market Outlook, By Organic Acid (2020-2028) ($MN)
74 Asia Pacific Fermentation Chemicals Market Outlook, By Lactic Acid (2020-2028) ($MN)
75 Asia Pacific Fermentation Chemicals Market Outlook, By Citric Acid (2020-2028) ($MN)
76 Asia Pacific Fermentation Chemicals Market Outlook, By Gluconic Acid (2020-2028) ($MN)
77 Asia Pacific Fermentation Chemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)
78 Asia Pacific Fermentation Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
79 Asia Pacific Fermentation Chemicals Market Outlook, By Form (2020-2028) ($MN)
80 Asia Pacific Fermentation Chemicals Market Outlook, By Powder (2020-2028) ($MN)
81 Asia Pacific Fermentation Chemicals Market Outlook, By Liquid (2020-2028) ($MN)
82 Asia Pacific Fermentation Chemicals Market Outlook, By Application (2020-2028) ($MN)
83 Asia Pacific Fermentation Chemicals Market Outlook, By Pharmaceuticals and Nutritional (2020-2028) ($MN)
84 Asia Pacific Fermentation Chemicals Market Outlook, By Industrial (2020-2028) ($MN)
85 Asia Pacific Fermentation Chemicals Market Outlook, By Plastic & Fibers (2020-2028) ($MN)
86 Asia Pacific Fermentation Chemicals Market Outlook, By Food and Beverages (2020-2028) ($MN)
87 Asia Pacific Fermentation Chemicals Market Outlook, By Cosmetic & Toiletry (2020-2028) ($MN)
88 Asia Pacific Fermentation Chemicals Market Outlook, By Other Applications (2020-2028) ($MN)
89 South America Fermentation Chemicals Market Outlook, By Country (2020-2028) ($MN)
90 South America Fermentation Chemicals Market Outlook, By Product (2020-2028) ($MN)
91 South America Fermentation Chemicals Market Outlook, By Enzymes (2020-2028) ($MN)
92 South America Fermentation Chemicals Market Outlook, By Alcohols & Ketones (2020-2028) ($MN)
93 South America Fermentation Chemicals Market Outlook, By Ethanol (2020-2028) ($MN)
94 South America Fermentation Chemicals Market Outlook, By Polyols (2020-2028) ($MN)
95 South America Fermentation Chemicals Market Outlook, By Organic Acid (2020-2028) ($MN)
96 South America Fermentation Chemicals Market Outlook, By Lactic Acid (2020-2028) ($MN)
97 South America Fermentation Chemicals Market Outlook, By Citric Acid (2020-2028) ($MN)
98 South America Fermentation Chemicals Market Outlook, By Gluconic Acid (2020-2028) ($MN)
99 South America Fermentation Chemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)
100 South America Fermentation Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
101 South America Fermentation Chemicals Market Outlook, By Form (2020-2028) ($MN)
102 South America Fermentation Chemicals Market Outlook, By Powder (2020-2028) ($MN)
103 South America Fermentation Chemicals Market Outlook, By Liquid (2020-2028) ($MN)
104 South America Fermentation Chemicals Market Outlook, By Application (2020-2028) ($MN)
105 South America Fermentation Chemicals Market Outlook, By Pharmaceuticals and Nutritional (2020-2028) ($MN)
106 South America Fermentation Chemicals Market Outlook, By Industrial (2020-2028) ($MN)
107 South America Fermentation Chemicals Market Outlook, By Plastic & Fibers (2020-2028) ($MN)
108 South America Fermentation Chemicals Market Outlook, By Food and Beverages (2020-2028) ($MN)
109 South America Fermentation Chemicals Market Outlook, By Cosmetic & Toiletry (2020-2028) ($MN)
110 South America Fermentation Chemicals Market Outlook, By Other Applications (2020-2028) ($MN)
111 Middle East & Africa Fermentation Chemicals Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Fermentation Chemicals Market Outlook, By Product (2020-2028) ($MN)
113 Middle East & Africa Fermentation Chemicals Market Outlook, By Enzymes (2020-2028) ($MN)
114 Middle East & Africa Fermentation Chemicals Market Outlook, By Alcohols & Ketones (2020-2028) ($MN)
115 Middle East & Africa Fermentation Chemicals Market Outlook, By Ethanol (2020-2028) ($MN)
116 Middle East & Africa Fermentation Chemicals Market Outlook, By Polyols (2020-2028) ($MN)
117 Middle East & Africa Fermentation Chemicals Market Outlook, By Organic Acid (2020-2028) ($MN)
118 Middle East & Africa Fermentation Chemicals Market Outlook, By Lactic Acid (2020-2028) ($MN)
119 Middle East & Africa Fermentation Chemicals Market Outlook, By Citric Acid (2020-2028) ($MN)
120 Middle East & Africa Fermentation Chemicals Market Outlook, By Gluconic Acid (2020-2028) ($MN)
121 Middle East & Africa Fermentation Chemicals Market Outlook, By Acetic Acid (2020-2028) ($MN)
122 Middle East & Africa Fermentation Chemicals Market Outlook, By Other Products (2020-2028) ($MN)
123 Middle East & Africa Fermentation Chemicals Market Outlook, By Form (2020-2028) ($MN)
124 Middle East & Africa Fermentation Chemicals Market Outlook, By Powder (2020-2028) ($MN)
125 Middle East & Africa Fermentation Chemicals Market Outlook, By Liquid (2020-2028) ($MN)
126 Middle East & Africa Fermentation Chemicals Market Outlook, By Application (2020-2028) ($MN)
127 Middle East & Africa Fermentation Chemicals Market Outlook, By Pharmaceuticals and Nutritional (2020-2028) ($MN)
128 Middle East & Africa Fermentation Chemicals Market Outlook, By Industrial (2020-2028) ($MN)
129 Middle East & Africa Fermentation Chemicals Market Outlook, By Plastic & Fibers (2020-2028) ($MN)
130 Middle East & Africa Fermentation Chemicals Market Outlook, By Food and Beverages (2020-2028) ($MN)
131 Middle East & Africa Fermentation Chemicals Market Outlook, By Cosmetic & Toiletry (2020-2028) ($MN)
132 Middle East & Africa Fermentation Chemicals Market Outlook, By Other Applications (2020-2028) ($MN)
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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