placement of any new fermentation product in the market is
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l know what is fermentation but not what is placement of any new fermentation product in market if you want l can tell what is fermentation
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The placement of any new fermentation product on the market is as follows:
- The global market for fermented products is expected to grow from about 24.3 billion in 2015 to $ 35.1 billion by 2020, with a combined annual growth rate (CAGR) of 7.7% from 2015 to 2020.
Explanation:
- The amino acid market for fermentation is expected to increase from $ 8.9 billion in 2015 to $ 12.6 billion by 2020, with a CAGR of 7.3%.
- The global market value of fertilizer-based industrial enzymes is estimated at $ 6.3 billion in 2015.
- This segment is expected to reach approximately $ 10.6 billion by 2020, with a CAGR of 10.8% from 2015 to 2020.
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