According to the report, global microbial fermentation technology market was valued at approximately USD 1,573.15 million in 2017 and is expected to generate revenue of around USD 2,244.20 million by end of 2023, growing at a CAGR of around 6.10% between 2017 and 2023.

New York, NY, March 15, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Microbial Fermentation Technology Market by Product Type (Medical Products, Industrial Products, Alcohol Beverages, and Food and Feed Products) and by End Users for Bio-Pharmaceutical Industries, Food and Feed Industry, CRO’s and CMO’s, Academic Research Institutes and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global microbial fermentation technology market was valued at approximately USD 1,573.15 million in 2017 and is expected to generate revenue of around USD 2,244.20 million by end of 2023, growing at a CAGR of around 6.10% between 2017 and 2023.

Fermentation technology is a field which involves the use of microorganisms and enzymes for production of compounds which have application in the energy, material, pharmaceutical, chemical and the food industries. Though fermentation processes are used for generations for the requirement for sustainable production of materials and energy is demanding creation and advancement of novel fermentation processes. Efforts are directed both to the advancement of cell factories and enzymes as well as of design of new processes, concepts, and technologies for the fermentation process. Through microbial fermentation technologies, companies can produce enzymes for industrial purposes.

Browse through 61 Tables & 19 Figures spread over 110 Pages and in-depth TOC on "Global Microbial Fermentation Technology Market Size, Share, Segments and Industry Forecast 2017 - 2023”.

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Modern industry has complemented the basic principle of fermentation technology with advances in genetic engineering by extending applications to produce vast range products in the biotechnology sector. Moreover, rising petrol prices and depleting reserves of fossil fuels have diversified applications of the microbial fermentation process in the chemical sector to provide products such as alcohols, enzymes, amino acids, alkaloids, and other categories. 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.

The microbial fermentation technology market is segmented on the basis of product type 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. Alcohol beverages segment is expected to grow at the highest CAGR in the global market over the forecast period.

Browse the full “Microbial Fermentation Technology Market by Product Type (Medical Products, Industrial Products, Alcohol Beverages, Food and Feed Products) and by End Users for Bio-Pharmaceutical Industries, Food and Feed Industry, CRO’s and CMO’s, Academic Research Institutes and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023” report at https://www.zionmarketresearch.com/report/microbial-fermentation-technology-market

The Asia-Pacific is the dominant market in the global microbial fermentation technology market during the forecast period. Market growth is particularly expected in China, India, and other emerging countries. Strong growth prospects of in these countries are attributed to the vast increase in geriatric population, highly developed chemical industry in China, cutting-edge research in biotechnology and healthcare, the rise in disposable incomes, and changing lifestyles in developing nations. Moreover, improved spending capacity, the high prevalence of chronic ailments such as cancer and diabetes and the consequent rise in demand for new drug candidates will further boost the growth of the regional market in near future.

North America and Europe are followed by the Asia Pacific. Individuals in these regions are increasingly attracted to clubs and bars, owing to which sales of alcoholic drinks are increasing on trade. On trade, sales refer to sales of alcoholic drinks through places such as hotels, restaurants, pubs, and bars. According to Wine and Spirits Trade Association, there are 130,000 pubs, bars hotels, and restaurants across the U.K. In 2016, sales through this channel accounted for 35% of total sales, which is equivalent to almost US$7.7 Bn.

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The Middle East and Africa hold the least growth in comparison to another region, due to lack of knowledge in the concerned field which is responsible for hindering the growth of the market in this region. Thus, all the aforementioned parameters are expected to propel the market growth globally.

Some of the key players in microbial fermentation technology market include Biocon, Danone Ltd, Lonza, United Breweries Ltd, Amyris, Novozymes, TerraVia Holdings, Inc., BioVectra, DSM, F. Hoffmann La-Roche Ltd. and others.  Key parameters affecting competition are rapid adoption of advanced options and rising need for optimum capital utilization. Also, major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio.

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This report segments the global microbial fermentation technology market as follows:

Global Microbial Fermentation Technology Market: Product Type Segment Analysis

•  Medical Products
  •  Antibiotics
  •  Probiotics
  •  Monoclonal Antibodies
  •  Recombinant Proteins
  •  Other Biosimilars
•  Industrial Products
•  Alcohol Beverages
•  Food and Feed Products

Global Microbial Fermentation Technology Market: End-User Segment Analysis

•  Bio-Pharmaceutical Industries
•  Food and Feed Industries
•  CROs and CMOs
•  Academic Research Institutes
•  Others

Global Microbial Fermentation Technology Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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