The Global Fermentation Ingredients market is poised to reach $44.4 billion by 2022 growing at a CAGR of 7.93% from 2014-2022. Rising demand for alcohol is one of the key drivers for the growth of fermentation ingredients market. Growing environmental concerns, motivated eco-friendly production system and health benefits of fermentation are the other factors fuelling the growth of the market. The challenges faced by the market are accessibility of unrefined resources and price variations. North America is the largest market for the fermentation ingredients. The growth of the North America fermentation ingredients market is mainly driven by huge development of the pharmaceutical industry, primarily in the U.S.
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The key players in the market include Dow chemical company, AB enzymes, Evonik industries, BASF SE, Du pont danisco, Ajinomoto industries, Cargill incorporation, Amano enzymes, Archer Daniels midland company and Novozymes A/S.
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