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Markets :: Fine Chemicals/Biotech :: Industrial Biotech
Fermentation Ingredients Market Set to Hit $22.3 Billion/year by 2014 (update)
9:38 AM MDT | June 15, 2009 | Alex Scott
The global market for fermentation ingredients is set to grow at a compound annual growth rate (CAGR) of 7%, leading to sales of $22.3 billion by the end of 2013, according to a report published by BCC Research (Wellesley, MA). The market for fermentation ingredients, which includes amino acids and industrial enzymes, was worth nearly $16 billion in 2008. The amino acids market, with sales of $5.4 billion in 2008, is the largest segment within the global fermentation ingredients industry. Sales of amino acids will rise by a CAGR of 7.6%, to $7.8 billion by...
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