Microbial Fermentation Technology Market: Global Industry Analysis And Forecast (2022-2029)

Microbial Fermentation Technology Market was valued at USD 1.79 Billion in 2021, and it is expected to reach USD 3.08 Billion by 2029, exhibiting a CAGR of 6.2% during the forecast period (2022-2029)
Microbial Fermentation Technology Market Overview:
Microbial fermentation technology is a cutting-edge area that produces valuable compounds by fermenting microorganisms. Fungi, bacteria, and eukaryotic cells such as insect cells and CHO cells are still being studied for their potential use in the chemical, pharmaceutical, energy, material, and food industries. Fermentation involves the participation of microorganisms such as bacteria, yeasts, fungus, and their enzymes. The biotechnology programme selects bacteria strains for fermentation based on DNA sequences.



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The Global Microbial Fermentation Technology market report covers the market's basic dynamics, which include market drivers, constraints, opportunities, and challenges. Secondary research is conducted based on the knowledge of requirements to identify segment specifications, qualitative and quantitative data, and the variables responsible for market growth. Primary research validates secondary research conducted at the primary level. Press releases, company annual reports, government websites, and market research papers were used as secondary sources for the research. Furthermore, quantitative and qualitative data are extracted from paid databases such as Reuters, Bloomberg, Hoovers, and others.

The Global Microbial Fermentation Technology Market is segmented by products, application, and end-users. Based on products, the market is segmented into Medical Products, Industrial Products, Alcohol Beverages, and Food and Feed Products. Based on application, the market is segmented into Food and Beverages, Industrial Applications, Plastics and Fibers, Nutritional and Pharmaceutical, and Others. Based on end-users, the market is segmented into Bio-Pharmaceutical Industries, Food and Feed Industries, CROs and CMOs, Academic Research Institutes, and Others. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

COVID-19 Impact on Microbial Fermentation Technology Market

There is ongoing research on how probiotics (living bacteria and yeasts) might help cure and prevent COVID-19. To keep things afloat during this period, the economy has received enormous financial assistance. However, microbial fermentation is heavily encouraged in the food industry, particularly in sectors that directly benefit human life. Fermented foods that increase gut health and immunity are in high demand now more than ever. There is little doubt that a healthy gut enhances resistance to illnesses and increases the odds of survival even in persons who have been exposed to COVID-19. Bio forward solutions have most likely modified as a result of current occurrences. Medicine has expanded into new frontiers such as medical biotechnology, stem cell research, clinical trials, biofuels, molecular biology, and other life sciences domains. It appears that the world is depending more on entrepreneurs and firms in the biotech industry than on other exact sciences for solutions to this pandemic. Certainly, there is an increase in the development of patent items and medicines for biopharmaceuticals.

Many pharmacies conduct product research and development using reagents and microbial fermentation. As technical advances in the production of microbial strains boost the output of microbial-based pharmaceuticals, markets in America, Asia, and Europe have been driven back into the lab. The budget increase has jumped to a stunning $60 billion. Vaccine markets have grown from 18 billion to 28 billion by 2020. Furthermore, in the United States, organisations such as WARF and WEDC are assisting both small businesses and big biotechnology firms, not just in developing vaccines, but also in developing medications and goods that enhance gut health and promote immunity. With all this stated, it is apparent that COVID-19 is severely affecting microbial fermentation technology.
Microbial Fermentation Technology Market Dynamics
The global microbial fermentation technology market is expanding due to the widespread usage of fermentation technology generated chemicals in a variety of sectors throughout the world due to its natural structure, cheap cost, and higher production. Furthermore, expanding research and development efforts in various domains of fermentation technology, technical innovation, increasing product awareness, and new product introduction are some of the factors that will drive the market in the near future.

Rising gasoline prices, as well as the depletion of fossil fuel supplies, have increased the need for alternative goods in the chemical sector such as alcohols, alkaloids, amino acids, and enzymes. These items may be obtained by utilising solutions from the global microbial fermentation technology market. This trend is expected to drive the global microbial fermentation technology market in the coming years. Solutions in the global microbial fermentation technology market are used in a wide range of industries, including energy, materials, food and drinks, pharmaceuticals, and chemicals. Ethanol, citric acid, and acetic acid are some of the primary products obtained from the use of solutions in the global microbial fermentation technology market.

The global microbial fermentation technology market uses fermentation by microorganisms such as bacteria and fungus, as well as eukaryotic cells such as CHO cells and insect cells, to generate valuable goods for humans. The fermentation process is divided into four sub-segments in the worldwide microbial fermentation technology market: production of extracellular metabolites, synthesis of intracellular components, biomass generation, and substrate transformation using moulds, plant cells, or algae. Solutions in the global microbial fermentation technology market are used to manufacture valuable goods for humans through fermentation by microorganisms such as bacteria and fungus, as well as eukaryotic cells such as CHO cells and insect cells. The fermentation process is classified into four sub-segments in the global microbial fermentation technology market: production of extracellular metabolites, production of intracellular components, biomass generation, and substrate transformation using moulds, plant cells, or algae.
Microbial Fermentation Technology Market Segment Analysis
Based on products, the market is segmented into Medical Products, Industrial Products, Alcohol Beverages, and Food and Feed Products. Because of increased popularity of alcoholic beverages among adolescent and millennials, expanding urban population, technological advancements, continuous product launch in the segment, and increasing number of lounges and bars, the alcohol beverages product segment is expected to dominate the global microbial fermentation technology market during the forecast period. While some factors, such as stringent regulations on alcoholic beverage advertising and growing awareness about the negative effects of excessive alcohol consumption, are expected to limit the segment's market share in the future, the desire among consumers to try new flavours is expected to drive demand for flavoured alcoholic beverages over the forecast period. The continuous introduction of new alcoholic beverages with new tastes in order to attract customers and raise sales over time is also expected to stimulate demand for microbial fermentation in the alcoholic beverages sector.

Based on end-users, the market is segmented into Bio-Pharmaceutical Industries, Food and Feed Industries, CROs and CMOs, Academic Research Institutes, and Others. In 2021, brewers and wineries dominated the share of the market. Rising global demand for alcohol is the primary driver of category growth over the forecast period. Individuals all around the world are becoming more interested in clubs and bars, which is growing trade sales of alcoholic beverages. On trade sales are alcoholic beverage sales made via establishments such as hotels, restaurants, pubs, and bars. According to the Wine and Spirits Trade Association, the United Kingdom has 120,000 pubs, bars, hotels, and restaurants. In 2021, sales through this channel accounted for 42.7% of overall revenues.
Microbial Fermentation Technology Market Regional Insights
Over the forecast period, the Asia Pacific region is expected to account for the dominant share of the global microbial fermentation technology market. In 2021, the region also dominated the global market, accounting for approximately 55% of the total market. During the forecast period, the Asia Pacific microbial fermentation technology market is expected to surpass other regional markets. The regional market's strong development prospects are attributable to the massive increase in elderly population, China's highly developed chemical industry, cutting-edge research in biotechnology and health care, rise in disposable incomes, and changing lifestyles in emerging countries. Furthermore, increased spending capacity, the high frequency of chronic diseases such as cancer and diabetes, and the resulting increase in demand for innovative medication candidates will drive regional market expansion in the near future.

The objective of the report is to present a comprehensive analysis of the global Microbial Fermentation Technology Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Microbial Fermentation Technology Market dynamic, structure by analyzing the market segments and projecting the Microbial Fermentation Technology Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Microbial Fermentation Technology Market make the report investor’s guide.
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Global Microbial Fermentation Technology Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US 1.79 Bn.


Forecast Period 2022 to 2029 CAGR:
6.2 %
Market Size in 2029:
US 3.08 Bn.


 Segments Covered:
by Product
• Medical Products
o Antibiotics
o Probiotics
o Monoclonal Antibodies
o Recombinant Proteins
o Other Biosimilars
• Industrial Products
• Alcohol Beverages
• Food and Feed Products


by Application
• Food and Beverages
• Industrial Applications
• Plastics and Fibers
• Nutritional and Pharmaceutical
• Others


by End-Users
• Bio-Pharmaceutical Industries
• Food and Feed Industries
• CROs and CMOs
• Academic Research Institutes
• Others



Microbial Fermentation Technology Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Microbial Fermentation Technology Market Key Players
• BASF (Germany)
• Ajinomoto Company Incorporation (Japan)
• The Dow Chemical Company (US)
• Amano Enzyme Inc. (Japan)
• AB Enzymes (Germany)
• Archer Daniels Midland Company (US)
• Du Pont Danisco A/S (Denmark)
• Cargill Inc. (US)
• Novozymes A/S (Denmark)
• Evonik Industries AG (Germany)

Frequently Asked Questions:

1] What segments are covered in the Global Microbial Fermentation Technology Market report?
Ans. The segments covered in the Microbial Fermentation Technology Market report are based on Products, Application, and End-Users.

2] Which region is expected to hold the highest share in the Global Microbial Fermentation Technology Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Microbial Fermentation Technology Market.

3] What is the market size of the Global Microbial Fermentation Technology Market by 2029?
Ans. The market size of the Microbial Fermentation Technology Market by 2029 is expected to reach USD 3.08 Bn.

4] What is the forecast period for the Global Microbial Fermentation Technology Market?
Ans. The forecast period for the Microbial Fermentation Technology Market is 2021-2029.

5] What was the market size of the Global Microbial Fermentation Technology Market in 2021?
Ans. The market size of the Microbial Fermentation Technology Market in 2021 was valued at USD 1.79 Bn.