Global microbial fermentation technology market is likely to grow at a CAGR of 5.7% during the assessment period and reach a valuation of nearly US$ 2.5 Bn by 2025.
Albany, NY -- (SBWIRE) -- 05/02/2018 -- A new research study, titled, "Microbial Fermentation Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global microbial fermentation technology market is likely to grow at a CAGR of 5.7% during the assessment period and reach a valuation of nearly US$ 2.5 Bn by 2025.
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According to the research study, the microbial fermentation technology market in developed countries of North America and Europe is witnessing a slowdown. On account of this manufacturers are focusing on increasing their presence in developing countries of Asia Pacific. The steady growth of the middle class in Asia Pacific has led to an increase in the demand for pharmaceuticals, food and beverage, and biopharmaceutical products. The wide ranging applications of microbial fermentation technology in these end-use industries is likely to provide an impetus to the growth of the market in Asia Pacific during the assessment period.
According to the report, Asia Pacific is likely to account for nearly 40% revenue share of the market. The growth of the market in India is likely to remain concentrated in China and India, whereas, ASEAN countries are also likely to remain lucrative during the assessment period. By product type, demand for alcoholic beverages is one of the highest in Asia Pacific, and this trend is prevalent in the global market as well.
On the basis of end-use, the report has segmented the market into bio-pharmaceutical, food & feed, contract manufacturing organizations (CMOs), contract research organizations (CROs), chemical industry, wineries, and academic research institutes. Among these, adoption of microbial fermentation technology is likely to remain pervasive in chemical industry.
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The research study also includes a detailed competitive landscape analysis on the microbial fermentation technology market. This section of the report can be beneficial for readers looking to gain credible insights and analysis on the competitive scenario in the market. The product and business strategies of some of the leading players in the market has been discussed in detail in the report.
Some of the key stakeholders operating in the global microbial fermentation technology market include Biocon, Lonza, BioVectra, United Breweries Ltd., Danone Ltd., Amyris, Novozymes, TerraVia Holdings, Inc., DSM, and F. Hoffmann La-Roche Ltd. These players are focusing on bolstering their presence in Asia Pacific and strengthening launching innovative service based technologies in the market.
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