Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 36.18 Billion | USD 75.12 Billion | 8.5% | 2024 |
The global microbial fermentation technology market size was worth around USD 36.18 Billion in 2024 and is predicted to grow to around USD 75.12 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.5% between 2025 and 2034.
The report analyzes the global microbial fermentation technology market's 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 industry.
Microbial fermentation is secondary metabolites that microorganisms such as fungus and actinomycetes make. Under particular growth conditions, microorganisms are capable of converting inexpensive carbon sources (starch, glucose, sucrose, etc.) and nitrogen sources (soybean flour, cotton-seed flour, peptone, etc.) into extremely valuable APIs or critical intermediates (such as amino acids, vitamins, antibiotics) (nutrients, temperature, PH, oxygen supply). 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. Rising consumer awareness of new goods, as well as technological advancements in fermentation technology as a result of research, are projected to drive market expansion.
In the coming years, more output and lower prices can help drive market expansion. Moreover, growth in urbanization and higher per capita expenditure on luxury food and beverage goods in developing countries such as the Asia Pacific and Latin America are also expected to drive market expansion.
Fermentation technology has been a popular biological process in a variety of industrial applications for many decades due to its low cost, high specificity, ease of response, and versatility. While microbial fermentation has historically been employed mainly for food preservation, it has experienced a significant increase in application in recent years due to promising results and the prospect of developing new bioprocesses and products with its assistance. Modern industry has extended applications to generate a wide range of biotechnology products, including biofuels, biochemicals, biopharmaceuticals, biosimilar, and biomolecules, by combining the basic idea of fermentation technology with developments in genetic engineering.
Furthermore, rising gasoline prices and dwindling fossil fuel reserves have broadened the applicability of the microbial fermentation process in the chemical sector, producing products such as alcohols, enzymes, organic acids, amino acids, vitamins, alkaloids, and Xanthan. Rising global demand for these goods is expected to play a significant effect in assisting the global microbial fermentation market to expand at a promising rate in the coming years.
Microbial fermentation is a slow inefficient process that is anticipated to produce a significant barrier in terms of fulfilling the demand cycle. In addition, the cost associated with the storage of the product and the process of fertilization is quite high. Moreover, some of the end products of Microbial fermentation are toxic to nature such as ethanol which is very toxic to plants.
The Microbial Fermentation Technology Market is segregated based on Product, and End User.
By Product, the market is classified into Medical, Industrial, Alcohol Beverages, Food, and Feed Products. The alcohol beverages product segment is expected to dominate the global microbial fermentation technology market in the forecast period because of the rising popularity of alcoholic beverages among teenagers and youngsters, the growing urban populace, technological improvements, the segment's continual product introduction, and the growing number of lounges and bars. The desire among consumers to try new flavors is expected to drive demand for flavored alcoholic beverages over the forecast period. The continuous introduction of new flavors of alcoholic beverages in order to attract consumers and enhance sales over time is also expected to fuel demand for microbial fermentation.
By End User, the market is classified into Bio-Pharmaceutical industries, Food and Feed industries, Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs), Academic Research Institutes, and Others. The chemical industries, alcohol breweries, and wineries owned the largest share of the market. The rising global demand for alcohol is the primary driver of the segment's growth over the predicted period. Individuals all over the world are becoming more drawn to clubs and bars, which are growing trade sales of alcoholic beverages. The term "on trade sales" refers to the sale of alcoholic beverages through establishments such as hotels, restaurants, pubs, and bars.
Report Attributes | Report Details |
---|---|
Report Name | Microbial Fermentation Technology Market |
Market Size in 2024 | USD 36.18 Billion |
Market Forecast in 2034 | USD 75.12 Billion |
Growth Rate | CAGR of 8.5% |
Number of Pages | 180 |
Key Companies Covered | Biocon, Danone Ltd, Lonza, United Breweries Ltd, Amyris, Novozymes, TerraVia Holdings Inc, BioVecta, DSM, F. Hoffmann La-Roche Ltd, and others. |
Segments Covered | By Product, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
During the projection period, Asia-Pacific will be the major market in the global microbial fermentation technology market. China, India, and other emerging markets are likely to rise the most. The massive increase in the geriatric population, China's highly developed chemical industry, cutting-edge research in biotechnology and healthcare, rising disposable incomes, and changing lifestyles in developing countries all contribute to these countries' strong 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. Individuals in these areas are more drawn to clubs and bars, resulting in increased sales of alcoholic beverages on the market. In the trade, sales related to the sale of alcoholic beverages through establishments such as hotels, restaurants, pubs, and bars. This factor is estimated to drive the regional market.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the microbial fermentation technology market on a global and regional basis.
The global microbial fermentation technology market is dominated by players like:
By Product
By End User
By Region
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