Sandy, Utah, USA, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Microbial Fermentation Technology Market Size, Trends, and Insights By Product (Medical, Antibiotics, Probiotics, Monoclonal Antibodies, Recombinant Proteins, Other Biosimilars, Alcohol Beverages, Beer, Spirits, Wine, Others, Industrial, Acetone, Ethanol & Butanol, Enzymes & Amino Acids, Food, and Feed Products), By End User (Bio-Pharmaceutical Industries, Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs), Academic Research Institutes, Food, and Feed Industry, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Microbial Fermentation Technology Market size& share was valued at approximately USD 28.23 Billion in 2021 and is expected to reach USD 31.54 billion in 2022 and is expected to reach a value of around USD 52.12 Billion by 2030, at a compound annual growth rate (CAGR) of about 7.8% during the forecast period 2022 to 2030.”
Market Dynamics
Drivers
The increasing awareness regarding the environment and animal products has boosted the demand for vegan food products or animal-free food products. This purpose can be fulfilled with the help of products made from plants and can also be supported with the use of microbes that provide the fermentation process. The developed countries have mainly concentrated on shifting to vegan food products that help to protect the animals and the environment.
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The rapid increase in the number of chemical industries worldwide has emerged as a significant growth factor for the microbial fermentation technology market. In addition, many consumers have reported against using animal products, and hence vegan food products have experienced a massive demand from the present market, which is supported by the help of microbial fermentation technology. These reasons will emerge as the driving forces for the growth of the microbial fermentation technology market during the forecast period.
Restraints
The total cost of manufacturing the various products obtained from microbial fermentation is relatively high and hence emerges as a significant obstruction in the growth phase of the microbial fermentation market. Furthermore, the products obtained from microbial fermentation require proper storage and preservation, without which it can be harmful to the consumers, and hence it emerges as a significant challenge for the growth of the microbial fermentation market.
The complex procedures involved with microbial fermentation to create the various food products impose a high cost on the key market players and hence emerge as a significant challenge for the market’s growth during the forecast period. Therefore, these multiple reasons have emerged as the restraining factors for developing the microbial fermentation market during the forecast period.
(A free sample of the Microbial Fermentation Technology report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
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(Please note that the sample of the Microbial Fermentation Technology report has been modified to include the COVID-19 impact study prior to delivery.)
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Opportunities
The increasing demand for protein among consumers all over the world has emerged as a significant opportunity for the growth of the microbial fermentation technology market, which provides the necessary food products that help to obtain the maximum amount of proteins without consuming the animal food products that in turn hamper the ecological system and the environment.
The extensive research and development programs carried out by the key market players worldwide have emerged as a significant opportunity for the growth of the microbial fermentation technology market, which is expected to grow similarly in the future. In addition, the key market players’ recent innovations have emerged as significant opportunities for market growth.
Challenges
Extensive commercialization of the various products that are formed with the help of microbial fermentation imposes a high cost on the manufacturers, which hampers the demand and supply chain among the people to a great extent. Various other options available in the market that do not require microbial fermentation emerge as a significant challenge for the growth of the microbial fermentation technology market.
An increase in the production of food created with the help of microbial fermentation also emerges as a significant challenge for the market’s growth. Therefore, these multiple reasons will emerge as challenges for developing the microbial fermentation market during the forecast period.
Key questions answered in this report:
- What is the size of the Microbial Fermentation Technology market and what is its expected growth rate?
- What are the primary driving factors that push the Microbial Fermentation Technology market forward?
- What are the Microbial Fermentation Technology Industry's top companies?
- What are the different categories that the Microbial Fermentation Technology Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Microbial Fermentation Technology market sample report and company profiles?
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Report Highlights
Based on product type, the segment of alcoholic beverages has emerged as the most significant global market about the considerable demand experienced by people worldwide for high-quality alcoholic beverages.
The usual number of people who demand alcoholic beverages emerged as the primary driving force for the microbial fermentation technology market. Based on end-user, the segment of chemical industries has emerged as the most significant global market for microbial fermentation technology, which uses these processes for various chemical reactions that need to be carried out to produce several different chemical combinations and products used daily over the world. Based on geography, the region of Asia Pacific has emerged as the most significant global market because of the considerable number of chemical industries located in this region that use microbial fermentation technology for several processes. In addition, rapid modernization and urbanization have given rise to several industrial sectors in this region, which demand advanced microbial fermentation technologies to make the process faster and more efficient.
Regional Snapshots
The geographical sector of Asia Pacific has emerged as the largest market for microbial fermentation technology owing to the vast number of industries and factories that deal with chemical-based products and require advanced technologies for producing several goods and products. The rapid industrialization which has taken place in this part of the world has been a significant reason for boosting the market for microbial fermentation technology, which is used in several chemical industries and factories.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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The region of North America has also contributed significantly to the growth of microbial fermentation technology owing to the vast number of chemical industries and factories. The key market players in this region are mainly responsible for this market’s rapid growth. The extensive research and development programs carried out by the key market players for introducing new products into the market have mainly been responsible for boosting the economy for microbial fermentation technology, which is expected to grow further in a similar fashion and hence will contribute significantly to the growth of the market during the future as well. The European region has also considerably contributed to developing the microbial fermentation technology market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 28.23 Billion |
| Projected Market Size in 2030 | USD 52.12 Billion |
| CAGR Growth Rate | 7.8% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Danone U.K., F. Hoffmann-La Roche AG, Koninklijke DSM NV, Lonza Group AG, Novozymes A/S, Amyris Inc., Biocon Ltd., BioVectra Inc., TerraVia Holdings Inc., United Breweries Ltd., and Others |
| Key Segment | By Product, End User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Players
- Danone U.K.
- F. Hoffmann-La Roche AG
- Koninklijke DSM NV
- Lonza Group AG
- Novozymes A/S
- Amyris, Inc.
- Biocon Ltd.
- BioVectra Inc.
- TerraVia Holdings, Inc.
- United Breweries Ltd.
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Browse the full “Microbial Fermentation Technology Market Size, Trends, and Insights By Product (Medical, Antibiotics, Probiotics, Monoclonal Antibodies, Recombinant Proteins, Other Biosimilars, Alcohol Beverages, Beer, Spirits, Wine, Others, Industrial, Acetone, Ethanol & Butanol, Enzymes & Amino Acids, Food, and Feed Products), By End User (Bio-Pharmaceutical Industries, Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs), Academic Research Institutes, Food, and Feed Industry, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/microbial-fermentation-technology-market/
Recent Development
- In 2020, company of Lonza scaled up the industry’s manufacturing capacity in Switzerland. As the consumption of the products that were produced by the process of microbial fermentation increased rapidly, the manufacturing capacity was also boosted to 3000 liters.
Segments covered in the report
By Product
- Medical
- Antibiotics
- Probiotics
- Monoclonal Antibodies
- Recombinant Proteins
- Other Biosimilars
- Alcohol Beverages
- Beer
- Spirits
- Wine
- Others
- Industrial
- Acetone, Ethanol & Butanol
- Enzymes & Amino Acids
- Food and Feed Products
By End User
- Bio-Pharmaceutical Industries
- Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOS)
- Academic Research Institutes
- Food and Feed Industry
- Others
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On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Development
- In the year 2020, the organization Lonza increased the manufacturing capacity of the plant in Switzerland. As the demand for those solutions that were produced with the help of microbial fermentation increased the manufacturing also increased to 3000 liters.
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This Microbial Fermentation Technology Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Microbial Fermentation Technology? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Microbial Fermentation Technology Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Microbial Fermentation Technology Market? What Was the Capacity, Production Value, Cost and PROFIT of the Microbial Fermentation Technology Market?
- What Is the Current Market Status of the Microbial Fermentation Technology Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Microbial Fermentation Technology Market by Considering Applications and Types?
- What Are Projections of the Global Microbial Fermentation Technology Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Microbial Fermentation Technology Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Microbial Fermentation Technology Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Microbial Fermentation Technology Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Microbial Fermentation Technology Industry?
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Reasons to Purchase Microbial Fermentation Technology Market Report
- Microbial Fermentation Technology Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Microbial Fermentation Technology Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Microbial Fermentation Technology Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Microbial Fermentation Technology Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Microbial Fermentation Technology market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Microbial Fermentation Technology market analysis.
- The competitive environment of current and potential participants in the Microbial Fermentation Technology market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Microbial Fermentation Technology market should find this report useful. The research will be useful to all market participants in the Microbial Fermentation Technology Industry.
- Managers in the Microbial Fermentation Technology sector are interested in publishing up-to-date and projected data about the worldwide Microbial Fermentation Technology market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Microbial Fermentation Technology products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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