Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 36.18 Billion | USD 75.12 Billion | 8.5% | 2024 |
FrequentlyAsked Questions
The global microbial fermentation technology market is expected to grow due to increasing demand for biopharmaceuticals, growing applications in food and beverage production, advancements in industrial biotechnology, and rising focus on sustainable bio-based products.
According to a study, the global microbial fermentation technology market size was worth around USD 36.18 Billion in 2024 and is expected to reach USD 75.12 Billion by 2034.
The global microbial fermentation technology market is expected to grow at a CAGR of 8.5% during the forecast period.
North America is expected to dominate the microbial fermentation technology market over the forecast period.
Leading players in the global microbial fermentation technology market include Biocon, Danone Ltd, Lonza, United Breweries Ltd, Amyris, Novozymes, TerraVia Holdings Inc, BioVecta, DSM, F. Hoffmann La-Roche Ltd, among others.
The report explores crucial aspects of the microbial fermentation technology market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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