Lucintel's latest market report analyzed that microbial fermentation technology provides attractive opportunities in applications, such as food and beverages, industrial applications, plastics and fibers, and nutritional & pharmaceutical. The microbial fermentation technology market is expected to grow with a CAGR of 5%-7%. In this market, alcohol beverage is the largest segment by product, whereas food and beverages is largest by application.
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Based on product, the microbial fermentation technology market is segmented into medical (antibiotics, probiotics, monoclonal antibodies, recombinant proteins, and biosimilars), industrial (acetone, ethanol and butanol, enzymes, and amino acids), alcohol beverages (beer, spirits, and wine) and food and feed products. The alcohol beverages segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to rising popularity of alcoholic beverages among teenagers, rising population in urban regions, and development in the microbial fermentation technology.
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The Microbial Fermentation Technology Market is marked by the presence of several big and small players. Some of the prominent players offering microbial fermentation technology include Biocon, Danone, Lonza, United Breweries, Amyris, Novozymes, TerraVia Holdings, BioVectra, DSM, and F. Hoffmann La-Roche.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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