Microbial Fermentation Technology Market was valued at $156,329.72 million in 2017 and is expected to reach $224,960.84 million by 2025, registering a CAGR of 4.9% from 2017 to 2025.
Portland, OR, -- (SBWIRE) -- 05/16/2018 -- Progressive Markets published a report, titled, Microbial Fermentation Technology Market which projects that the market was valued at $156,329.72 million in 2017 and is expected to reach $224,960.84 million by 2025, registering a CAGR of 4.9% from 2017 to 2025.
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The report offers a comprehensive analysis of the global microbial fermentation technology market, including the market size, share, segmentation, forecast, drivers, restraints & opportunities; and key market players along with their profiles. The goal of the research is to cater to the needs of various stakeholders, including market players, investors, industry leaders, and others, who wish to understand the latest trends, current market scenario, and latest technologies used in the industry. In addition, the study would help them comprehend the top players and the growth strategies adopted by them for better industry benchmarking.
The report provides information about the factors that drive or hamper the growth of microbial fermentation technology market. The market is driven by the growing application of fermentation technology derived chemicals in various industries all over the world owing to their natural structure, low cost, and better output. In addition, the growth in research and developmental activities in various fields of fermentation technology, technological advancement, growing awareness of new products, and launch of new products are a few factors driving the market growth.
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The report analyzes the global microbial fermentation technology market based on type, end user, and geography. Based on product, the market is classified as industrial, medical, food product, and alcoholic beverages. Based on industrial, the market is divided into acetone, ethanol & butanol, and enzymes & amino acids. The industrial segment is expected to garner $90,130.94 million by 2025. Based on medical, the industry is divided into probiotics, monoclonal antibodies, antibiotics, recombinant proteins, and other biosimilars. Based on alcoholic beverages, the market is bifurcated into wine, spirits, beer, and others. Based on end user, the market is classified into food & feed industry, biopharmaceutical industries, academic research institutes, contract research organization, and others. The biopharmaceutical industries segment garnered $87,483.98 million in 2017 and is likely to reach $117,243.20 million by 2025. The contract research organization segment is anticipated to garner $73,718.04 million by 2025. Based on geography, the market analysis is covered for the regions such as North America, Europe, Asia-Pacific, and LAMEA.
The report includes the profiles of leading players of the microbial fermentation technology market, including Biocon, Danone Ltd, Lonza, United Breweries Ltd., Amyris, Novozymes, TerraVia Holdings, Inc., BioVectra, DSM, F. Hoffmann La-Roche Ltd. and others. They adopt activities such as mergers and acquisitions and product launches to diversify their product portfolio and establish a strong presence in the marketplace.