PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1148035
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1148035
Microbial Fermentation Technology Market was valued at USD 26,903.2 million in 2021, growing at a CAGR of 6.6% from 2022 to 2028.
Microbial fermentation technology is a discipline that uses fermentation by microorganisms like bacteria and fungi, as well as eukaryotic cells in order 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, chemicals, energy, materials, and food. Fermentation is classified into four subtypes: extracellular metabolite production, intracellular component production, biomass production, and substrate transformation. Molds, bacteria, algae, yeast, plant cells, or animal cells can all be employed in microbial fermentation technology.
Market Dynamics
Depleting fossil fuel supplies and rising gasoline costs have created a need for diverse chemical products such as alcohols, amino acids, alkaloids, and enzymes, which may be manufactured using microbial fermentation technology. These factors are expected to enhance market growth throughout the study period. Growing consumer awareness of new goods, as well as technological advancements in fermentation technology as a result of research, are projected to drive market expansion. Better output and reduced prices have the potential to drive market expansion in the future years.
The worldwide microbial fermentation technology industry is expanding due to the widespread usage of fermentation technology-generated chemicals in a variety of sectors throughout the world due to their natural structure, and low cost. In addition, expanding R&D efforts in various domains of fermentation technology, technical innovation, rising product awareness, and introduction of new and advanced products are some of the factors that will augment the market in the near future.
Probiotics (living bacteria and yeasts) are being studied to see whether they might help treat and prevent COVID-19. The economy has received massive financial help to keep things afloat throughout this era. Microbial fermentation, on the other hand, is strongly promoted in the food business, particularly in sectors that directly benefit human life. Fermented foods that improve gut health and immunity are more popular than ever. There is little proof that a healthy gut improves resistance to infections and boosts survival chances, even in those who have been exposed to COVID-19.
Segmentation Analysis:
The microbial Fermentation Technology Market is segmented on the basis of Product Type, Application, End-user, and Region.
Based on Product, the market is segmented into Industrial Products, Medical Products, Food and Feed Products, and Alcohol Beverages. Because of the increased popularity of alcoholic beverages between many youth and millennials, expanding urban population, science, and technology advancements, continued product launch in the segment, and an increasing number of lounges and bars, the alcohol beverages category is likely to dominate the overall market.
In terms of application, the worldwide industry is divided into Food and Beverages, Nutritional & Pharmaceutical, Industrial Applications, Plastics & Fibers, and Others. Based on End-User, the industry is segmented into Food and Feed, Bio-Pharmaceutical, CROs and CMOs, Academic Research, among others.
Competitive Landscape:
Due to the continued development in Microbial Fermentation Technology, the worldwide market for Microbial Fermentation Technology is made of both international and local producers, making it one of the most competitive sectors in the world. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions.
Key features of the study:
This proposed research study on Microbial Fermentation Technology Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Microbial Fermentation Technology Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Microbial Fermentation Technology Market
Impact of COVID-19 on Microbial Fermentation Technology Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Microbial Fermentation Technology Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Microbial Fermentation Technology Market, we have also included competitive landscape and key innovator analysis for the Microbial Fermentation Technology Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the Microbial Fermentation Technology Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Microbial Fermentation Technology Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MICROBIAL FERMENTATION TECHNOLOGY MARKET KEY PLAYERS
Amyris, Inc.
Biocon Ltd.
BioVectra Inc.
Danone UK
F. Hoffmann-La Roche AG
Koninklijke DSM NV
Lonza Group AG
Novozymes A/S
TerraVia Holdings, Inc.
United Breweries Ltd.
GLOBAL MICROBIAL FERMENTATION TECHNOLOGY MARKET, BY PRODUCT TYPE
Medical Products
Antibiotics
Probiotics
Monoclonal Antibodies
Recombinant Proteins
Other Biosimilars
Industrial Products
Alcohol Beverages
Food and Feed Products
GLOBAL MICROBIAL FERMENTATION TECHNOLOGY MARKET, BY APPLICATION
Food and Beverages
Industrial Applications
Plastics and Fibers
Nutritional and Pharmaceutical
Others
GLOBAL MICROBIAL FERMENTATION TECHNOLOGY MARKET, BY END USER
Bio-Pharmaceutical Industries
Food and Feed Industries
CROs and CMOs
Academic Research Institutes
Others
GLOBAL MICROBIAL FERMENTATION TECHNOLOGY MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA