MarketOverview:
The globalfermenters marketsize stood at USD 1.64 billion in 2023. The market is set to grow from USD 1.71
billion in 2024 to USD 2.63 billion by 2032, exhibiting a CAGR of 5.51% during
the forecast period.
Fortune Business Insights™ provides thisinformation in itsresearch report, titled “FermentersMarket, 2024-2032”.
In thefood industry, fermenters are used for improving the shelf life and sensory
attributes of a food item. They are anticipated to record a burgeoning demand
over the coming years with an upsurge in the number of microbreweries and craft
breweries.
List ofKey Players Mentioned in the Report:
- Bioengineering AG (Switzerland)
- DIOSNA Dierks & Söhne GmbH (Germany)
- Pierre Guerin (France)
- SYSBIOTECH GmbH (Germany)
- CETOTEC GmbH (Germany)
- Sartorius AG (Germany)
- GEA Group (Germany)
- Solaris Biotech (U.S.)
- Biotree (India)
- Electrolab Biotech (U.K.)
Segmentation:
Semi-AutomaticSegment Registers Dominating Share Owing to Advantage of More Control
By themode of operation, the market is divided into semi-automatic and automatic. The
semi-automatic segment accounts for the largest market share. The mode of
operation provides more control during the production of various chemicals and
beverages, which drives its adoption.
ContinuousSegment to Expand at the Highest Growth Rate Due to Benefit of More Product
Yield
Based onprocess, the market is fragmented into batch, fed-batch, and continuous. The
continuous segment is slated to surge at the highest growth rate over the
analysis period. The advancements in the fermentation process and benefits such
as more product yield and minimal operational costs are propelling segment
growth.
StainlessSteel Segment Accounts for Leading Share Due to its Reusability and
Cost-efficiency
On thebasis of material, the market is subdivided into glass, stainless-steel, and
others. The stainless steel segment holds a major share in the global market
and is set to rise at the highest CAGR over the analysis period. This is driven
by the benefits of cost-efficiency and reusability offered by the material.
FoodSegment to Exhibit the Highest CAGR Driven by Mounting Popularity of
Plant-based Foods
On thebasis of application, the market is segmented into food, healthcare &
cosmetics, beverages, and others. The food segment is poised to depict the
highest CAGR over the analysis period. The fermenters demand is rising impelled
by the escalating popularity of plant-based food products across the globe.
Bygeography, the market for fermenters has been studied across Europe, North
America, South America, Asia Pacific, and the Middle East & Africa.
ReportCoverage:
The reportgives an insight into the prominent strategies deployed by major industry
players to gain an edge over their competitors. Other aspects include the
latest trends and the pivotal factors set to propel industry expansion. An
analysis of the industry on the basis of various segments has also been
furnished in the report. The market has been analyzed based on the mode of
operation, application, material, process, and geography.
FermentersMarket Future Outlook
- Growing Demand for Biotechnology: The rise in biotechnology applications is driving the need for advanced fermenters. These devices are essential for
producing enzymes, antibiotics, and other bioproducts.
- Increased Focus on Sustainable Practices: Industries are shifting towards sustainable production methods. Fermenters offer eco-friendly solutions by utilizing
renewable resources for biofuel and bioplastics production.
- Technological Advancements: Innovations in fermentation technology are enhancing efficiency and scalability. This makes it easier for companies
to meet increasing production demands while reducing costs.
- Expansion in Food and Beverage Sector: The fermentation process is crucial in the food industry. With the popularity of fermented foods, the market for
fermenters is expected to grow significantly.
Driversand Restraints:
FavorableGovernment Policies to Propel Industry Growth
Theglobally mounting demand for cultivated and plant-based meat has led the
governments of various countries to support industry players in a bid to secure
more food safety. There has been a rise in government investments in numerous
phases of dairy and meat analogs. These factors are set to propel product
demand, driving fermenters market growth.
Nevertheless,the industry expansion could be restrained owing to the high costs associated
with product installation.
RegionalInsights:
AsiaPacific Accounts for Prominent Share Driven by Soaring Demand for Plant-based
Meat and Dairy Products
In 2023,the Asia Pacific market value hit USD 0.60 billion. The regional fermenters
market share bags a leading position in the global market as plant-based meat
and dairy products gain traction in various countries.
The Europemarket is touted to grow owing to the presence of supportive government
policies. Besides, the region records a high number of breweries in Italy and
France.
CompetitiveLandscape:
IndustryPlayers Focus on Acquisitions and Mergers to Strengthen Market Positions
Industryparticipants are undertaking various strategies to increase their clientele
base. Acquisitions, mergers, and partnerships are some of the steps deployed by
industry players to establish a strong market footing. Solaris Biotech and
Pierre Guerin are a few of the major players in the fermenters market.
KeyIndustry Development:
May2023 – WackerGroup acquired all shares of ADL Biopharma for EUR 100 million (USD 107.18
million). The move would help the company’s expansion in the field of
sustainably produced dietary ingredients.
