Microbial Fermentation Technology Market Size, Share, Industry 2030

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Fermentation is the process involving the biochemical activity of organisms, during their growth, devel­opment, reproduction, even senescence, and death. Fermentation technology is the use of organisms to produce food, pharmaceuticals and alcoholic beverages on a large scale industrial basis. The basic principle involved in the microbial fermentation technology is that organisms are grown under suitable conditions, by providing raw materials meeting all the necessary requirements such as carbon, nitrogen, salts, trace elements and vitamins. The end products formed as a result of their metab­olism during their lifespan are released into the media, which are extracted for use by a human being and that have a high commercial value.

The growth of the global microbial fermentation technology market is driven by the wide use of fermentation technology derived chemicals in various industries around the globe due to their natural structure, low cost, and better output. Moreover, rising research and developmental activities in different fields of fermentation technology, technological advancement, growing awareness about products and new product launches are some of the factors driving the market in near future. While some factors such as stringent regulations on the advertisement of alcoholic beverages and growing awareness about adverse effects of excessive alcohol consumption will hamper market share of the segment in future, curiosity among individuals to try new flavors is anticipated to increase demand for flavored alcoholic drinks over the forecast period. Continuous launch of alcoholic drinks with different flavors in order to attract consumers are likely to drive the demand for microbial fermentation in the alcoholic beverages industry.

Based on product type the market is segmented into medical products, industrial products, alcoholic beverages and food and feed products. Medical products are further sub-segmented into antibiotics, probiotics, monoclonal antibodies, recombinant proteins and other biosimilars. Based on end users the market is segmented into biopharmaceutical industries, food and feed industries, CRO’s and CMO’s, academic research institutes and others category.  

Regionally, Asia Pacific region is anticipated to account for major share of the global microbial fermentation technology market over the forecast period. The region also dominated the global market in 2016, accounting for nearly 40% of the overall market. The microbial fermentation technology market in the Asia Pacific is likely to outpace other regional markets during the forecast period. Followed by the Asia Pacific are North America and Europe regions. Individuals in these regions are increasingly attracted to clubs and bars, owing to which sales of alcoholic drinks are increasing on trade.

Some of the key players in the microbial fermentation technology market are Biocon, Danone Ltd, Lonza, United Breweries Ltd, Amyris, Novozymes, TerraVia Holdings, Inc., BioVectra, DSM, F. Hoffmann La-Roche Ltd. and others. Currently, the market’s growth rate is very high, which has encouraged the leading players to focus on consolidation through product licensing and long-term partnerships in order to gain maximum share in the market.