Global Microbial Fermentation Technology Market is expected to reach USD 2.10 Billion by 2024 from USD 1.42 Billion in 2016 at a CAGR of 5.8 % (Detailed analysis of the market CAGR is provided in the report). In microbial fermentation technology microorganisms and enzymes are used for the production of compounds which have application in the material, pharmaceutical, energy, chemical, and the food industries.
Global Microbial Fermentation Technology Market
Global Microbial Fermentation Technology Market based on product type has been segmented into industrial products, medical products, food, and feed products and alcoholic beverages. The alcohol beverages segment is expected to be one of the major contributors to the Global Microbial Fermentation Technology Market during the forecast period due to the large use of fermentation technology in alcohol production. The market based on the application has been categorized into food and beverages, industrial applications, plastics and fibers, nutritional and pharmaceutical and others. The nutritional and pharmaceutical segment is expected to grow at a high CAGR during the forecast period.
Geographically, the Microbial Fermentation Technology Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific Is expected to be one of the largest markets for microbial fermentation technology. This is due to the increasing geriatric population, research activities in the field of biotechnology and health care, the large chemical industry of China and changing lifestyles in developing nations.
The years that have been considered for the study are:
• Base year – 2016
• Estimated year – 2017
• Forecast period – 2017 to 2024
• Global Microbial Fermentation Technology Market analysis and forecast, in terms of volume and value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Microbial Fermentation Technology Market.
• Global microbial fermentation technology market segmentation on the basis of product type, application, and geography (country-wise) has been provided.
• Global microbial fermentation technology market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global microbial fermentation technology market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global microbial fermentation technology market are also profiled.
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about global microbial fermentation technology market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Global Microbial Fermentation Technology Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Microbial Fermentation Technology Market globally.
Global microbial fermentation technology marketplace is growing with the presence of major companies holding a large market share.
Some of them operating in the market are given underneath:
• BASF (Germany)
• Ajinomoto Company Incorporation (Japan)
• The Dow Chemical Company (US)
• Amano Enzyme Inc. (Japan)
• AB Enzymes (Germany)
• Archer Daniels Midland Company (US)
• Du Pont Danisco A/S (Denmark)
• Cargill Inc. (US)
• Novozymes A/S (Denmark)
• Evonik Industries AG (Germany)
Key Target Audience:
• Manufacturers of microbial fermentation
• Microbial fermentation Traders, Distributors and Suppliers
• Raw Material Suppliers
• Government and Research Organizations
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Scope of the Report:
The research report segments the microbial fermentation technology market based on product type, application and geography
Global Microbial Fermentation Technology Market, By Product Type:
• Industrial Products
• Medical Products
• Food and Feed Products
• Alcohol Beverages
Global Microbial Fermentation Technology Market, By Application:
• Food and Beverages
• Industrial Applications
• Plastics and Fibers
• Nutritional and Pharmaceutical
Global Microbial Fermentation Technology Market, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
• Breakdown of North America Global Microbial Fermentation Technology Market
• Breakdown of Europe Global Microbial Fermentation Technology Market
• Breakdown of Asia Pacific Global Microbial Fermentation Technology Market
• Breakdown of the Middle East & Africa Global Microbial Fermentation Technology Market
• Breakdown of Latin America Global Microbial Fermentation Technology Market
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