Global Microbial Fermentation Technology Market Share Is Expected To Grow At A CAGR Of 7.81% By 2030

21-Feb-2023 | Facts and Factors

According to Facts and Factors, the global microbial fermentation technology market size was worth around USD 28.25 billion in 2021 and is predicted to grow to around USD 52.15 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.81% between 2022 and 2030.

Microbial fermentation is the process of utilization of microorganisms or microbes to help raw materials undergo a specific transformation for the creation of products that are required by humans for consumption. The process is conducted under a controlled environment and constantly monitoring the technical process is the only way of achieving accurate and desired results. Furthermore, the final production level of the end product using microbial fermentation technology completely depends on the culture conditions and genetic characteristics of the microbe strain used in the process.

Browse the full “Microbial Fermentation Technology Market Size, Share, Growth Analysis Report By End-User (Academic Research Institutes, Bio-Pharmaceutical Industries, Food & Feed Industry, Contract Manufacturing Organizations (CMOs) and Contract Research Organizations (CROs)), By Product (Industrial, Medical, Food & Feed Products, and Alcohol Beverages), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/microbial-fermentation-technology-market

The technology is applied in various industries including the food industry, pharmaceutical industry, chemical industry, energy industry, environmental protection, agriculture, and other sectors. It is mainly divided into two types that are anaerobic fermentation and aerobic fermentation and which of these types of technology is used depends on the intended end goal. Some of the most commonly used microorganisms for this purpose are yeasts, fungi, actinomycetes, and bacteria. With the help of advanced technology and fermentation engineering, viruses and algae are systematically being used as microbes in industrial applications.

The global microbial fermentation technology market is projected to grow owing to the increased demand for biopharmaceutical products. These are medicinal or pharmaceutical drugs that are created using biological sources. These drugs have the ability to completely cure diseases rather than just treat the symptoms which is the case with many synthetic drugs. Furthermore, they exhibit fewer side effects as opposed to their counterparts since they are created to target specific areas.

In addition to this, the global industry can expect higher revenue due to the constant research and development in fermentation technology coupled with excellent technological advancements. These additions can help the technology become more cost-effective and improve overall production efficiency resulting in more demand. The increasing support from the government and other agencies to build supportive infrastructure and encourage the use of fermentation technology is an added benefit for the global industry. Other factors that could drive the sales volume during the forecast period are increasing demand for biofuels as a means of reducing dependency on conventional fossil fuels for power generation and raising awareness amongst the population and industry players about the harmful impact of synthetic chemicals.

The microbial fermentation technology industry is expected to face certain growth restrictions in terms of stringent government regulations surrounding the use of technology. These rules and control mechanisms could increase the complexities and cost of the technology hampering its adoption rate. The growing competition from synthetic fermentation technology, lack of skilled employees, absence of supportive infrastructure, and technical limitations are other factors causing loss of revenue.

The untapped potential in new markets may provide growth opportunities while product consistency and scaling could pose an industry challenge.

Segmental Overview

The global microbial fermentation technology market is segmented based on end-user, product, and region.

Based on end-user, the global market is divided into academic research institutes, bio-pharmaceutical industries, food & feed industry, contract manufacturing organizations (CMOs), and contract research organizations (CROs).

• The microbial fermentation technology industry was led by the food & feed industry due to the growing applications of the fermentation mechanics
• It is used extensively to produce every day consumed items like cheese, yogurt, beer, bread, and wine. All of the items sell in large quantities worldwide
• The growing research on higher adoption of the technology in this segment could propel its further growth during the projection period
• The US per capita consumption of yogurt is around 14.29 pounds per person

Based on product, the global market is divided into industrial, medical, food & feed products, and alcoholic beverages

• The microbial fermentation technology industry registered the highest growth in the alcoholic beverages and food & feed products segments
• The technology makes use of yeast to convert added sugars into carbon dioxide and alcohol. It is one of the most widely used processes to manufacture whiskey, rum, wine, beer, and vodka which are some of the highest-selling alcohol products commercially
• As per reports, the wine-drinking population in 2019 in the US was around 77.1 million

Regional Overview

The global microbial fermentation technology market is projected to be led by Asia-Pacific during the forecast period mainly driven by the growing pharmaceutical industry encouraged by growing government initiatives, rising private investments, an increasing number of players, and generally higher demand for the product. Growth in North America is projected to be driven by the increasing demand for fermented food products and emphasis on natural means of achieving fermentation. Furthermore, the growing research & development activities surrounding biofuel in the US could also help the regional market witness a high CAGR. The US government has managed to create various laws and regulations surrounding biofuel. For instance, in 2021, the country recorded the production of 15 billion gallons of ethanol.

Report Scope

Competitive Landscape

The global microbial fermentation technology market is dominated by players like Koninklijke DSM NV, Amyris Inc., F. Hoffmann-La Roche AG, Novozymes A/S, Biocon Ltd., TerraVia Holdings Inc., Danone U.K., United Breweries Ltd., Lonza Group AG, Ajinomoto Company Incorporation, BASF, Amano Enzyme Inc., The Dow Chemical Company, Archer Daniels Midland Company, AB Enzymes, Cargill Inc., Du Pont Danisco A/S, Evonik Industries AG, and BioVectra Inc.

Recent Developments:

• In January 2023, BioZyme announced the launch of AO-Biotics. The new fermentation products are derived using the company’s fermentation process of Aspergillus oryzae (AO) which is known for high resilience. Amaferm is the first product addition in this segment
• In March 2022, Bio-Cat Microbial announced an investment of USD 35 million to build a microbial ingredients fermentation facility which will stand at a dimension of 53,800-sq-ft. The project is expected to be completed by May 2023 and will help the company grow its production capacity by 40%

The global microbial fermentation technology market is segmented as follows:

By End-User

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

By Product

• Industrial
• Medical
• Food & Feed Products
• Alcohol Beverages

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1 (347) 690-0211
Email: [email protected]
Web: https://www.fnfresearch.com