Global Microbial Fermentation Technology Market Is Likely To Grow At A CAGR Value Of Around 5.8% By 2028

16-May-2022 | Zion Market Research

The Microbial Fermentation Technology Market was worth around USD 2,151.8 million in 2021 and is estimated to grow to about USD 3,017.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.8 percent over the forecast period. The report analyzes the Microbial Fermentation Technology Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Microbial Fermentation Technology Market.

Microbial fermentation technology is a field that uses fermentation by microorganisms such as fungi and bacteria, as well as eukaryotic cells such as insect cells and CHO cells, to produce valuable goods for humans. Among the compounds produced during fermentation are ethanol, acetic acid, and citric acid. Fermentation technology is used in a variety of industries, including pharmaceuticals, energy, chemicals, materials, and food. Depleting fossil fuel reserves and rising gasoline prices have created a demand in the chemical sector for diverse products such as amino acids, alcohols, enzymes, alkaloids, and so on, which may be made using microbial fermentation technology. These factors are expected to promote market growth throughout the estimated period. In the near future, decreased prices and improved production benefits are likely to drive growth in the worldwide microbial fermentation technology market. Moreover, rising awareness of technical breakthroughs in the global microbial fermentation technology market, as well as the introduction of new and innovative products, are expected to drive demand in the global microbial fermentation technology market in the coming years. Solutions in the global microbial fermentation technology market are used in a wide range of industries, including energy, materials, food and drinks, pharmaceuticals, and chemicals. Among the primary products obtained from the use of solutions in the worldwide microbial fermentation technology market are ethanol, citric acid, and others. Thus creating demand for the product in the coming years.

Global Microbial Fermentation Technology Market

The Microbial Fermentation Technology Market is segregated based on Product, and End User. Based on Product, the global market is distinguished into Medical, Industrial, Alcohol Beverages, Food, and Feed Products. Based on End User, the global market is distinguished into Bio-Pharmaceutical industries, Food and Feed industries, Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs), Academic Research Institutes, and Others.

Over the forecast period, the Asia Pacific region is expected to account for the largest share of the global microbial fermentation technology market. During the projection period, the Asia Pacific microbial fermentation technology market is expected to surpass other regional markets. The large increase in the older population, China's highly developed chemical industry, cutting-edge research in biotechnology and health care, rise in disposable incomes, and changing lifestyles in emerging countries all contribute to the region's great economic prospects. Furthermore, increased spending capacity, the high frequency of chronic diseases such as cancer and diabetes, and the resulting increase in demand for innovative medication candidates will drive regional market expansion in the near future. The North American market is expected to grow at a rapid pace during the forecast period. Rising innovation in fermentation equipment and processes is assisting market expansion in the North American area, particularly in developed economies such as the United States. The food and beverage market in North America is expanding rapidly due to increased demand for fermented food items with a variety of flavors and nutritional value, which is driving the application of fermented components in the food and beverage segment.

Key players functioning in the Microbial Fermentation Technology Market include Biocon, Danone Ltd., Lonza, United Breweries Ltd., Amyris, Novozymes, TerraVia Holdings, Inc., BioVecta, DSM, F. Hoffmann La-Roche Ltd.

Browse the full Microbial Fermentation Technology Market By Product (Medical, Industrial, Alcohol Beverages, Food, and Feed Products). By End User (Bio-Pharmaceutical industries, Food and Feed industries, Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs), Academic Research Institutes, and Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/microbial-fermentation-technology-market

The Microbial Fermentation Technology Market is segmented as follows:

By Product

  • Medical
  • Industrial
  • Alcohol Beverages
  • Food and Feed Product

By End-User

  • Bio-Pharmaceutical industries
  • Food and Feed Industry
  • Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)
  • Academic Research Institutes
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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