Aerobic respiration in plants and animals oxidizes the respiratory substrate and produces carbon dioxide and water along with ATP. Anaerobic respiration is a type of respiration which takes place in the absence of oxygen. it is also known as fermentation. Alcoholic fermentation is a type of anaerobic respiration in which the respiratory substrate is converted to carbon dioxide and alcohol along with the production of ATP. Lactate fermentation is a type of anaerobic respiration in which the respiratory substrate is converted into lactate along with the production of ATP. It takes place in muscles during strenuous physical work.