Fermentation chemicals market is witnessing exponential growth due to their effectiveness and cost-effectiveness

 

Fermentation chemicals are environment-friendly and are composed of vegetable feedstock such as sugar, corn, and starch. These chemicals are widely used across different applications such as textile, biofuel, polymer, chemical, pharmaceutical, and food & beverage. Moreover, they are a major component in the modern-day breeding of yeast to produce alcoholic beverages, commonly known as beer. The popularity of these products has grown dramatically and they are now readily available in petrochemical plants across the world. These products have been used for decades and their use continues today because of their overall effectiveness and cost-effectiveness.

 

High demand for fermentation chemicals as an initiator in a reaction or as a catalyst for controlling the speed of the reaction is driving the market growth. The expanding alcohol industry due to increasing consumption of alcohol coupled with the growing application of the product in the food &beverage industry is again contributing to the market growth. According to the 2019 National Survey on Drug Use and Health (NSDUH), 85.6 percent of people ages 18 or older reported that they drank alcohol at some point in their lifetime; 69.5 percent reported that they drank in the past year; 54.9 percent reported that they drank in the past month. Furthermore, the growing use of this chemical in microbial enzymes such as catalase, protease, isomerase, pectinase, cellulase, lipase, and amylase is further projected to foster the growth of fermentation chemicals.

North America is expected to gain significant growth over the forecast period and this is attributed to the growing spending on food &beverage industry. According to the Economic Research Service United States Department of Agriculture, in 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Also, increasing demand for the product from the pharmaceutical industry is again fueling the regional market growth.

Key Developments:

1. In March 2020, PAT announced the launch of a new subsidiary to focus on microbial fermentation

2. In January 2017, Leaf – Lesaffre Advanced Fermentations has inaugurated its new Lesaffre Yeast Corporation drying facility in Headland, Alabama

3. In June 2018, Royal DSM, a global science-based company active in health, nutrition, and materials, introduced eBOOST™, a complete solution for ethanol producers seeking higher yield and significantly reduced glycerol production in starch conversion processes.

4. In September 2020, Lallemand Biofuels & Distilled Spirits have announced a next-generation advanced yeast and enzyme platform called Convergence. It combines a new yeast that generates virtually all the glucoamylase (GA) required for fermentation combined with a small amount of complementary exogenous enzyme.