Market Overview:
The global fermentersmarket size stood at USD 1.64 billion in 2023. The market is set to growfrom USD 1.71 billion in 2024 to USD 2.63 billion by 2032, exhibiting a CAGR of
5.51% during the forecast period.
In the food industry, fermenters are used for improving theshelf 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 of Key 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-Automatic Segment Registers Dominating Share Owingto Advantage of More Control
By the mode of operation, the market is divided intosemi-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.
Continuous Segment to Expand at the Highest Growth RateDue to Benefit of More Product Yield
Based on process, 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.
Stainless Steel Segment Accounts for Leading Share Due toits Reusability and Cost-efficiency
On the basis of material, the market is subdivided intoglass, 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.
Food Segment to Exhibit the Highest CAGR Driven byMounting Popularity of Plant-based Foods
On the basis of application, the market is segmented intofood, 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.
By geography, the market for fermenters has been studiedacross Europe, North America, South America, Asia Pacific, and the Middle East
& Africa.
Report Coverage:
The report gives an insight into the prominent strategiesdeployed 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.
Drivers and Restraints:
Favorable Government Policies to Propel Industry Growth
The globally mounting demand for cultivated and plant-basedmeat 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 restrainedowing to the high costs associated with product installation.
Regional Insights:
Asia Pacific Accounts for Prominent Share Driven bySoaring 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 Europe market is touted to grow owing to the presence ofsupportive government policies. Besides, the region records a high number of
breweries in Italy and France.
Competitive Landscape:
Industry Players Focus on Acquisitions and Mergers toStrengthen Market Positions
Industry participants are undertaking various strategies toincrease 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.
Key Industry Development:
May 2023 – Wacker Group acquired all shares ofADL 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.
