DUBLIN, Jan. 4, 2018 /PRNewswire/ --
The "Global Fermentation Chemicals Market 2017-2021" report has been added to Research and Markets' offering.
The global fermentation chemicals market to grow at a CAGR of 5.98% during the period 2017-2021.
Global Fermentation Chemicals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The latest trend gaining momentum in the market is Emerging use of enzymes in nutraceuticals. The insufficiency of adequate nutrients in dairy foods and the growing health consciousness are driving the consumption of nutraceutical products globally. The developed regions such as the Americas and Europe are the main markets for nutraceutical products. The high cost of these products previously hindered their acceptance in the developing markets. However, the rising disposable incomes and the increasing awareness about such products are fostering their consumption in emerging markets such as India and China.
According to the report, one of the major drivers for this market is Rising need for renewable and clean fuel. Globally, there is a growing interest to substitute fuels because of the uncertainty of global fuel prices, energy security, and the continued rise in CO emission levels. There is a demand for industrial and automotive fuels that can reduce CO emissions. The gradual depletion of fossil fuel reserves has given rise to the need for renewable sources of energy such as biofuels. The continuous R&D has led to the use of alternative fuels such as ethanol and methanol, which is gradually moving toward large-scale commercialization because their performance is like that of gasoline and diesel for transportation and industrial applications.
Further, the report states that one of the major factors hindering the growth of this market is Fall in crude oil prices. Various alcohol fuels are one of the main substitutes of crude oil products such as gasoline and diesel. The sudden change in the global crude oil prices has resulted in a steep decline in oil trading prices. Brent and West Texas Intermediate crude oil prices have dropped nearly 50% from 2014 to 2015. The remarkable decline in oil prices is attributed to a systemic demand-supply imbalance in the global crude oil market. This has made ethanol, methanol, and other alternative renewable fuels less lucrative. The low crude oil prices have increased the difference in prices between conventional fuels and renewable fuels.
Generally, the governments subsidize renewable fuels to make them attractive to consumers. However, if crude oil prices continue to decline, governments must increase the subsidies to make alcohol fuel products competitive and more attractive. This will require additional funding from governments, failing which the sales of alcohols as fuel will decrease and subsequently affect the growth of the fermentation chemicals market.
- Emerging use of enzymes in nutraceuticals
- Alternatives to conventional transportation fuels
- Increased consumption of organic food additives
- Archer Daniels Midland
- Evonik Industries
- The Dow Chemical Company
Other prominent vendors
- Amano Enzyme
- AB Enzymes
- Chr. Hansen Holding
- Royal DSM
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/kmj6h2/global?w=5
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