The ‘Global Fermenters Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global fermenters market, assessing the market on the basis of its segments like processes, modes of operation, applications, and major regions.
Fermenters Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 1,412.03 million
• Forecast CAGR (2023-2028): 5.6%
• Forecast Market Size (2028): USD 1,958.06 million
The increasing applications of fermentation technology across industries and requirement for cost-effective compounds which help in the production of energy are driving the demand for fermenters. They are extensively used in the food and beverage industry to increase the nutritional value of fermented food products and to enhance the content of bioactive compounds, thereby, boosting the overall health of consumers. The thriving food and beverage industry owing to the rising population is a major driving factor of the fermenters market.
In addition, the growing popularity of alcoholic beverages, such as beer and wine, is propelling the demand for fermenters across breweries. Fermentation technology is also gaining traction across the personal care sector owing to the increasing demand for fermented ingredients. These ingredients are better absorbed by the body. The increasing sale of skin and hair care products are further generating the demand for fermented ingredients.
In terms of regions, the Asia Pacific accounts for a significant share in the fermenters market. The accelerated growth of the end use industries of the product is driving the market growth. Meanwhile, the sizable consumer segments for personal care and pharmaceutical products across emerging economies such as India and China are further bolstering the demand for fermenters.
Fermenters Industry Definition and Major Segments
Fermenters, also known as bioreactors, are defined as vessels or barrels in which the process of fermentation takes place. In these vessels, a microorganism such as yeast is fermented to produce metabolite, which is utilised across the commercial sector. The capacity of fermenters can vary from 20 litres to 500,000 litres.
Based on the process, the market can be segmented into:
On the basis of mode of operation, the market has been classified into:
By application, the fermenters market has been divided into:
- Alcoholic Beverages
- Non-Alcoholic Beverages
• Healthcare and Personal Care
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Fermenters Market Trends
The key trends in the global fermenters market include the growing research and development activities in the pharmaceutical sector which is generating the demand for fermenters to optimise the production process while maintaining aseptic conditions. In addition, upgrades and advancements in biotechnology are likely to provide impetus to the market.
The growing geriatric population, coupled with the heightened cases of associated chronic diseases, are leading to innovations in fermented ingredients, enabling major pharmaceutical companies to gain a competitive edge.
The thriving e-commerce industry is a crucial trend in the market which is bolstering the sale of cosmetics, pharmaceuticals, and food products, leading to a greater growth of the fermenters market. The increasing footfall of consumers in convenience stores and supermarkets to buy fermented food products such as yoghurt, is likely to lead to an increased application of fermenters in food processing industry. Moreover, the rising per capita income across the emerging economies is further adding to the market numbers.
Robust innovations and flavour enhancements in fermented non-alcoholic beverages are expanding the consumer base. Non-alcoholic beers, kefir, and ginger beer, among others, are further aiding the market by increasing the demand for fermenters. Furthermore, the market is anticipated to be influenced by rapid urbanisation across rural and semi-urban areas.
Key Market Players
The major players in the fermenters market report are:
- Sartorius AG
- Eppendorf AG
- GEA Group Aktiengesellschaft
- Electrolab Biotech
- Bioengineering AG
- BBI-Biotech GmbH
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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