Titled, “Microbial Fermentation Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025,” the study analyzes the development of this market.
Albany, NY -- (SBWIRE) -- 03/19/2018 -- A report on the global microbial fermentation technology market has been added to the ever-growing repository of Marketresearchreports.biz. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The exhaustive study includes the future analysis of the microbial fermentation industry, including market share and size, along with updates on current trends and opportunities.
The rising global microbial fermentation technology market is fuelled by the wide use of chemicals extracted by fermentation technology in different sectors all over the world. This process yields natural structure, better output, and low cost. The rising number of research and developmental activities in different fields of fermentation technology, technological advances, growing awareness regarding products and the launch of new products are some of the factors that will drive the market in near future. While microbial fermentation has been used traditionally for preservation of foods, it has seen a vast rise in application in the past few years owing to promising outcomes and the possibility of development of various bioprocess and products with its help.
Modern industry has complemented the basic principle of fermentation technology with advances in genetic engineering. This has resulted in various applications to produce a vast range products in the biotechnology sector, including biofuels, biochemicals, biopharmaceuticals, biosimilars, and biomolecules. Moreover, rising petrol prices and depleting reserves of fossil fuels have diversified applications of microbial fermentation process in the chemical sector to provide products such as alcohols, enzymes, organic acids, amino acids, vitamins, alkaloids, and Xanthan. The rising global demand for these products is likely to play a key role in helping the global microbial fermentation market expand at a promising pace in the next few years.
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Companies can benefit from the rising set of opportunities in emerging economies such as China, Brazil, and India that have billions of potential consumers seeking a diverse range of microbial fermented products to choose from. Therefore, focus on expanding businesses to cater to the rising demand for various food, feed, biosimilar products, and alcoholic beverages in these regions can prove to be an excellent growth opportunity for players wanting to make it big in the global microbial fermentation technology market in the near future.
Geographically, Asia Pacific emerged a leading regional market in 2016. Growth of the regional market can be attributed to the vast rise in geriatric population, a well-established chemical industry in China, cutting-edge research in the field of biotechnology and health care, and changing lifestyles in developing nations. The thriving nutraceutical market in India is also likely to fuel the microbial fermentation technology market in Asia Pacific.
Some of the leading companies in the market are Novozymes, BioVectra, DSM, United Breweries Ltd., Biocon, TerraVia Holdings, Inc., F. Hoffmann La-Roche Ltd., Lonza, Danone Ltd., and Amyris.
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