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Increasing Demand For Alcoholic Beverages Drives Growth In The Microbial Fermentation Technology Market: A Key Catalyst Accelerating Global Microbial Fermentation Technology Market Growth in 2025
Microbial Fermentation Technology
What Is the Expected CAGR for the Microbial Fermentation Technology Market Through 2025?
In recent times, the microbial fermentation technology market has seen robust growth. The market, which is projected to increase in size from $37.46 billion in 2024 to $40.76 billion in 2025, has a compound annual growth rate (CAGR) of 8.8%. Several factors have been instrumental in the growth observed during the historical period. These include a heightened demand for quick and precise microbial identification techniques, a growing pharmaceutical industry, a growing preference for automation and sterility testing within the pharmaceutical sector, increasing demand for consumer goods, and a worldwide population increase, as well as the rising use of industrial microbiology applications.
What's the Projected Size of the Global Microbial Fermentation Technology Market by 2029?
The market for microbial fermentation technology is projected to experience robust growth in the upcoming years, swelling to $55.9 billion by 2029, with a compound annual growth rate (CAGR) of 8.2%. The growth during the projection period is likely due to factors such as increased demand for alcoholic drinks, the escalating need for fermented foods, the rising popularity of CRISPR-9 technology, expanding biosimilars production, and growing demand for alternatives to fossil fuels. Key trends during the projected period encompass the integration of synthetic biology approaches, advancements in bio-processing, the development of innovative microbial strains, the adoption of cutting-edge technologies such as molecular diagnostics, genomics, and proteomics, the incorporation of testing procedures into the food & beverage sector, and technological advancements in fermenters.
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Top Growth Drivers in the Microbial Fermentation Technology Industry: What's Accelerating the Market?
The growth of the microbial fermentation technology market is anticipated to accelerate due to the escalating demand for alcoholic drinks. Alcoholic beverages, which contain ethyl alcohol or ethanol as a mind-altering substance, are derived from the sugars in fruits, cereals, berries, and other components such as plant saps, tubers, honey, and dairy. The surging demand for these beverages is ascribed to shifting lifestyle habits and the emergence of healthier alcohol choices, including low-calorie, low-alcohol, or organic options. Microbial fermentation technology plays a pivotal role in manufacturing these beverages, offering exact control, personalization, scalability, and ecological sustainability in the fermentation process. For example, Statistics Canada, a national statistical entity based in Canada, reported in February 2023 that beverage sale revenues amounted to $26.1 billion in the fiscal year ending in March 2022, marking a 2.4% increase from the previous year. Thus, the growing demand for alcoholic beverages fuels the expansion of the microbial fermentation technology market.
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What Trends Will Shape the Microbial Fermentation Technology Market Through 2029 and Beyond?
Leading enterprises in the microbial fermentation technology market are concentrating on forming strategic alliances to amplify their R&D capacities, boost their product range, and hasten the commercialization of novel products derived from fermentation. The goal of such collaborations often includes utilizing combined competencies, penetrating new markets, and capitalizing on economies of scale, thereby inducing growth and competitiveness in the fast-paced microbial fermentation technology sector. For example, in November 2022, Planetary, a biotechnology firm based in Switzerland, entered into a Memorandum of Understanding with Japan-based tech giant, Konica Minolta, to bring forth AI and data-centric technologies for enhancing the supervision of fermentation procedures. The alliance is expected to devise data-centered solutions capable of examining bioprocess data to fine-tune fermentation processes, mitigate the risk of losing production batches, and augment overall productivity.
What Are the Main Segments in the Microbial Fermentation Technology Market?
The microbial fermentation technologymarket 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 Top Companies are Driving Growth in 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
Which Regions Will Dominate the Microbial Fermentation Technology Market Through 2029?
Asia-Pacific was the largest region in the microbial fermentation technology market in 2024. 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.
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