LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Fermentation Chemicals Category - Procurement Market Intelligence Report. End-user awareness of the harmful effects of synthetic chemicals that are used in personal care products has compelled the consumers to shift their preference towards products that are manufactured using organic fermentation chemicals. This is contributing to the spend growth momentum of the fermentation chemicals market.
“In the global fermentation chemicals supply market, the buyers are advised to choose suppliers who can assist in hedging. This will help the buyers in assessing the risk of price fluctuations of raw materials,” says SpendEdge procurement expert Angad Singh.
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SpendEdge’s procurement market intelligence reports for the chemicals category offer a coverage of category pricing strategies and supplier performance metrics. The reports also provide insights into supplier performance benchmarking criteria, which aid buyers in securing their category procurement goals. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the fermentation chemicals market.
- Consumer preference shift to products manufactured using organic fermentation chemicals.
- Reduced risk of harmful effects posed by fermentation chemicals.
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Report scope snapshot: Fermentation chemicals market
- Regional spend dynamics
- Regional influence on global spend
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- Market favorability index for suppliers
- Supplier ecosystem
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- Category hierarchy
- Category scope
- Category map
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