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At what pace is the microbial fermentation technology market growing, and what is its estimated value?
The microbial fermentation technology market size has grown strongly in recent years. It will grow from $37.46 billion in 2024 to $40.88 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased demand for rapid and accurate microbial identification methods, expansion of the pharmaceutical industry, increased preference for automation and sterility testing in pharmaceutical industry, rise in demand for consumer products and rise in population worldwide, rise in application of industrial microbiology.
The microbial fermentation technology market size is expected to see strong growth in the next few years. It will grow to $57.14 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand for alcoholic beverages, rising need for fermented food, increasing popularity of crispr-9 technology, growing production of biosimilars, rise in demand for fossils fuel alternative. Major trends in the forecast period include adoption of synthetic biology techniques, developments in bio-processing and creation of novel microbial strains, adoption of advanced technologies like molecular diagnostics, genomics, and proteomics, adoption of testing procedures within the food & beverage industry, technological innovations in fermenters.
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How have varous drivers impacted the growth of the microbial fermentation technology market?
The increasing demand for alcoholic beverages is expected to propel the growth of the microbial fermentation technology market going forward. Alcoholic beverages are fermented liquors containing ethyl alcohol or ethanol as an intoxicating agent, produced from sugars in fruits, berries, grains, and other ingredients such as plant saps, tubers, honey, and milk. The increasing demand for alcoholic beverages can be attributed to changing lifestyles and growing healthier alcoholic options, such as low-calorie, low-alcohol, or organic alcoholic beverages. Microbial fermentation technology is essential for the production of alcoholic beverages, providing precise control, customization, scalability, and environmental sustainability in the fermentation process. For instance, in February 2023, according to Statistics Canada, a Canada-based national statistical agency, liquor authorities and other retail businesses sold $26.1 billion worth of alcoholic beverages in the fiscal year that ended in March 2022, a 2.4% rise over the previous year. Therefore, an increasing demand for alcoholic beverages drives the microbial fermentation technology market.
What are the primary segments of the microbial fermentation technology market?
The microbial fermentation technology market covered in this report is segmented –
1) By Type: Medical, Industrial, Alcohol Beverages, Food And Feed Products
2) By Application: Antibiotics, Probiotics Supplements, Monoclonal Antibodies, Recombinant Proteins, Biosimilars, Vaccines, Enzymes, Small Molecules
3) By End Users: Bio-Pharmaceutical Companies, Contract Research Organizations (CROs), Contract Manufacturing Organization (CMOs) And Contract Development And Manufacturing Organization (CDMOs), Academic And Research Institutes
Subsegments:
1) By Medical: Antibiotics Production, Therapeutic Proteins Production, Vaccines Production
2) By Industrial: Biofuels Production, Biochemicals Production, Polymers Production
3) By Alcohol Beverages: Beer Production, Wine Production, Spirits Production
4) By Food And Feed Products: Probiotics, Food Additives, Animal Feed Production
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Which firms are leading the microbial fermentation technology market?
Major companies operating in the microbial fermentation technology market are Cargill Inc., Archer Daniels Midland Company, BASF SE, F.Hoffmann-La Roche AG, The Dow Chemical Company , Evonik Industries AG, Royal DSM NV, Ajinomoto Co Inc., Givaudan SA, Lonza Group, AGC Group, Novozymes A/S, United Breweries Ltd., Ginkgo Bioworks Inc., Amyris Inc., Biovectra Inc., BIOZEEN, MycoTechnology Inc., Unibio A/S, Locus Fermentation Solutions, Lygos Inc., Amano Enzyme Inc. , ZymoChem Inc., Conagen inc., NovoNutrients
How will industry trends affect the trajectory of the microbial fermentation technology market?
Major companies operating in the microbial fermentation technology market are focused on making strategic partnerships to enhance their research and development capabilities, expand their product portfolios, and accelerate the commercialization of innovative fermentation-derived products. These collaborations often aim to leverage complementary expertise, access new markets, and achieve economies of scale, ultimately driving growth and competitiveness in the rapidly evolving field of microbial fermentation technology. For instance, in November 2022, Planetary, a Switzerland-based biotechnology company, signed a Memorandum of Understanding with Konica Minolta, a Japan-based technology company, to launch AI and data-driven technologies for optimizing the control of fermentation processes. The partnership would focus on developing data-driven solutions that can analyze bioprocess data to optimize fermentation processes, reducing the risk of lost production batches and increasing overall efficiency.
Which geographic trends are shaping the microbial fermentation technology market, and which region has the highest market share?
Asia-Pacific was the largest region in the microbial fermentation technology market in 2023. The regions covered in the microbial fermentation technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Microbial Fermentation Technology Market Report 2025 Offer?
The microbial fermentation technology market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Microbial fermentation technology refers to the process of utilizing microorganisms such as bacteria, yeast, or fungi to produce various valuable substances through controlled fermentation reactions. The technology involves creating optimal conditions for the growth and metabolism of specific microorganisms, including providing suitable nutrients, temperature, pH, and oxygen levels.
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