The size of the global fermenters market reached USD 1.65 Billion in 2022 and is projected to experience a rapid compound annual growth rate (CAGR) of 6.8% throughout the forecast period. Key drivers contributing to the growth in market revenue include the escalating demand for vegan Foods Beverages (FB), expanding applications in the cosmetic industry, and advancements in technology.
Furthermore, the market is expected to witness increased revenue growth due to growing health consciousness and rising awareness of the various health benefits associated with fermented Foods Beverages (FB). To cater to the preferences of consumers, companies are actively investing in the development of plant-based fermented food and ingredient options, which have gained popularity in recent times.
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Top Companies:
Thermo Fisher Scientific Inc., Pierre Guérin SAS, Sartorius AG, Eppendorf Group, Bioengineering AG, Zeta, GEA Group Aktiengesellschaft, Getinge, CerCell A/S, bbi-biotech GmbH.
Drivers of Fermenters Market
- Growing Demand for Fermented Food and Beverages: There has been a rising consumer preference for fermented food and beverages due to their perceived health benefits, unique flavors, and longer shelf life. This increased demand for products like yogurt, cheese, kombucha, and craft beer drives the need for fermenters in the food and beverage industry.
- Expansion of Biopharmaceutical Industry: The biopharmaceutical industry relies heavily on fermentation processes to produce therapeutic proteins, antibodies, vaccines, and other biologics. With the increasing prevalence of chronic diseases and advancements in biotechnology, the demand for biopharmaceuticals is growing. This fuels the demand for fermenters for large-scale production.
- Shift towards Sustainable and Renewable Energy: The need for renewable energy sources, such as biofuels, has gained prominence due to concerns over climate change and depleting fossil fuel reserves. Fermentation plays a crucial role in the production of biofuels like ethanol and biodiesel. As governments and industries focus on reducing carbon emissions and promoting renewable energy, the demand for fermenters used in biofuel production is expected to increase.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Fermenters market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Fermenters market is provided to gain a deeper understanding of its growth and progress.
The global Fermenters market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Microorganism (Revenue, USD Billion; 2019-2032)
- Bacteria
- Fungi
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Cosmetics
- Food Beverage (FB)
- Healthcare pharmaceuticals
- Others
Operation Outlook (Revenue, USD Billion; 2019-2032)
- Automatic
- Semi-automatic
Process Outlook (Revenue, USD Billion; 2019-2032)
- Batch
- Fed-batch
- Continuous
Material Type Outlook (Revenue, USD Billion; 2019-2032)
- Stainless steel
- Steel
- Others
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