Fermenters Market Share, Current Trends, Key Growth Factors and In-Depth Analysis

The fermenters market size was $1,211.5 million in 2018, and is projected to reach $1,781.3 million by 2025, registering a CAGR of 5.7% from 2018 to 2025. In 2017, the continuous fermentation segment accounted for more than 51% share of the global fermenters market in terms of value.

Fermentation is a metabolic process in which microorganisms convert carbohydrates such as starch and sugar to organic acids, alcohols, and other useful byproducts. This process takes place in specially designed vessel called fermenter, also known as bioreactors. Fermenters are cylindrical shaped containers in which biological processes are carried out under controlled environment. They consist of wide array of instruments to maintain optimum conditions inside the vessel. It mainly consists of sensors, actuators, and control systems to monitor and maintain desired environment inside the fermenter.

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Growth in demand for active pharmaceutical ingredient, bio-fuels, and alcohol such as wine and beer in developing economies drives the growth of the global fermenters market. In addition, the market is slowly moving toward consolidation with leading players acquiring the major acquisitions. Such acquisitions provide great opportunities to meet customer demand for quality and productivity along with leveraging global reach to bring innovative products to a larger customer base. However, leading market players focus on developing cost-effective fermenters with high customization in the coming future.

Fermenters are used for the controlled cultivation of fungi, yeast, and bacteria to generate products such as organic acids, enzymes, starter culture, insulin, and vaccines. They are also designed to process insect, mammalian, and hybridoma cells for the production of monoclonal antibodies hormones, vaccines, etc.

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Based on process, the market is segmented into batch fermentation, continuous fermentation, and others. Continues fermentation segment is expected to grow with highest CAGR and is expected to retain its dominance throughout the forecast period due to higher efficacy in growth and production of microbes. Furthermore, turnover rate that is conversion of the substance into desired products is high as compared to its counterparts. In addition, continuous fermenters provide high yield as a result of faster nutrients consumption rate.

The fermenters market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounts for the highest market share due to the presence of leading market players in this region. The European market to witnesses sluggish growth, as fermenters market have reached maturity stage in product life cycle. The Asia-Pacific fermenters market is anticipated to witness significant growth in the near future, owing to increase in research and development centers leading to establishment of advanced laboratories, rise in investment of pharmaceutical industry, and increase in demand for alcohol such as beer and wine in the region.

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The key players operating in the fermenters market include AB Electrolux, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd. (Midea), Panasonic Corporation (Panasonic), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation (Sharp), and Whirlpool Corporation.

Key Findings Of The Fermenters Market:
The continuous fermentation segment was the highest contributor to the fermenters market in 2017, and is projected to grow at a CAGR of 6.1%.
There is a continuous increase in the demand for fermenters in the healthcare & personal care segment. The demand is projected to grow at a highest CAGR of 6.6% during the fermenters market forecast period.
Automatic segment accounted for the highest share with 63% of fermenters market share in the global fermenters market, in 2017.
Asia-Pacific is projected to exhibit rapid growth in the fermenters, owing to easing regulations, high foreign direct investment, and establishment of R&D centers in the region. Asia-Pacific is projected to grow at the CAGR of 7.6% from 2018 to 2025.
t CAGR of 8.7% during the forecast period.Among countries, India is projected to grow with highes

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