The ability of fermentation chemicals to accelerate the process for the preparation of various products and facilitating cost reduction is expected to remain a key driving factor for the global market. The Global Fermentation Chemicals Market is expected to reach USD 81.14 billion by 2024, according to a new report by Grand View Research, Inc. Favourable regulations proposed by European Commission and EPA promoting green chemistry are also expected to have a positive influence on the market growth. Increased consumer awareness regarding bio-based products has also benefitted the market growth. Intermittent raw material supply is expected to remain a key challenge for market participants. Process complexity involved in fermentation chemical production also adds to the increased product cost. The high cost of these chemicals is expected to restrain the market growth. Alcohol emerged as the leading product segment with demand share exceeding 55% in 2015. As alcoholic beverages are p