The global fermenters market was valued at $1,135.5 million in 2017 and is projected to reach $1,781.3 million by 2025, growing at a CAGR of 5.7% from 2018 to 2025
Fermenters are complex vessels designed to maintain optimum environmental conditions for the growth of microorganisms. Fermenters are cylinder-shaped containers in which biological processes are carried out under a controlled environment. They are designed to bear high pressure and temperature conditions mediated by the fermentation medium. Furthermore, they are available in different shapes and sizes ranging from a few milliliters to thousands of liters. They are used in a variety of end-use industries from food to pharmaceuticals, from cosmetics and personal care to biofuels.
The key factors that drive the growth of the global fermenters market include an increase in technological innovations and a rise in demand for fermenters in the pharmaceutical and alcohol industries. Moreover, customized solutions according to specific requirements and designs have created new opportunities for market growth. However, factors such as the high price of fermenters and difficulty in optimization and integration of large-scale fermenters are expected to impede the overall market growth. Furthermore, novel innovations for fermenters such as automation, miniaturization, and customization have gained huge traction in recent years, which in turn are anticipated to create lucrative opportunities for market growth in the future.
The global fermenters industry is segmented into the process, application, mode of operation, and region. Based on the process, the market is divided into batch fermentation, continuous fermentation, and others. The applications covered in the study include food, beverage, healthcare & personal care, and others. Depending on the mode of operation, the market is bifurcated into semi-automatic and automatic. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe ), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific ), and LAMEA (Latin America, Middle East, and Africa )
Key players profiled in the report include Eppendorf AG, Sartorius AG, Thermo Fisher Scientific Inc., GEA Group Aktiengesellschaft, General Electric Company, PIERRE GUERIN SAS, CerCell ApS, Electrolab Biotech Ltd, Applikon Biotechnology BV, Bioengineering AG, ZETA Holding GmbH, and BBI-Biotech GmbH
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global fermenters market.
- The report provides a detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Process
- Batch Fermentation
- Continuous Fermentation
- Others
By Application
- Food
- Beverage
- Healthcare & Personal Care
- Others
By Mode of Operation
- Semi-automatic
- Automatic
By Region
- North America
o U.S.
o Canada
o Mexico
- Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa
Table of Contents
Executive Summary
According to this report titled, 'Fermenters Market by Process, Application, and Mode of Operation: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the fermenters market size was $1,211.5 million in 2018, and is projected to reach $1,781.3 million by 2025, registering a CAGR of 5.7% from 2018 to 2025. In 2017, the continuous fermentation segment accounted for more than 51% share of the global fermenters market in terms of value.
Fermentation is a metabolic process in which microorganisms convert carbohydrates such as starch and sugar to organic acids, alcohols, and other useful byproducts. This process takes place in a specially designed vessel called fermenter, also known as bioreactors. Fermenters are cylindrical shaped containers in which biological processes are carried out under a controlled environment. They consist of a wide array of instruments to maintain optimum conditions inside the vessel. It mainly consists of sensors, actuators, and control systems to monitor and maintain the desired environment inside the fermenter.
Fermenters are used for the controlled cultivation of fungi, yeast, and bacteria to generate products such as organic acids, enzymes, starter culture, insulin, and vaccines. They are also designed to process insect, mammalian, and hybridoma cells for the production of monoclonal antibodies hormones, vaccines, etc.
The rise in demand for advanced vaccinations and expansion in the food, beverage, and pharmaceutical industries is expected to exhibit a high demand for fermenters in the future. In addition, the inclusion of technically advanced fermenters such as miniaturized fermenters, fermenters with smart technology and rise in the demand for beer and wines further propel the fermenters market growth in the future, which in turn is expected to fuel the growth of the fermenters market.
On the other hand, fermenters are very costly owing to the presence of advanced technological devices such as sensors, actuators, and control systems to name a few. The high cost of fermenters is expected to impend market growth. In addition, the optimization and integration of large-scale fermenters are major concerns for stakeholders in the fermenters industry. Manufacturers of fermenters are continuously engaged in the development of commercially viable fermenters at a very large scale in order to cater increase in demand for large-scale fermenters, especially from the food & beverage industry. As the global demand for fermenters continues to expand, engaged stakeholders will be challenged to continue to improve the efficacy and yield of fermenters. Furthermore, adapting to evolving customer demand will require collaboration throughout the value chain
Key Findings Of The Fermenters Market:
- The continuous fermentation segment was the highest contributor to the fermenters market in 2017 and is projected to grow at a CAGR of 6.1%.
- There is a continuous increase in the demand for fermenters in the healthcare & personal care segment. The demand is projected to grow at the highest CAGR of 6.6% during the fermenters market forecast period.
- The automatic segment accounted for the highest share with 63% of fermenters market share in the global fermenters market, in 2017.
- Asia-Pacific is projected to exhibit rapid growth in the fermenters, owing to easing regulations, high foreign direct investment, and establishment of R&D centers in the region.
- Asia-Pacific is projected to grow at the CAGR of 7.6% from 2018 to 2025.
Asia-Pacific and LAMEA collectively accounted for around one-fourth revenue share of the global fermenters market in 2017. The key players operating in the fermenters market include AB Electrolux, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd. (Midea), Panasonic Corporation (Panasonic), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation (Sharp), and Whirlpool Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 211 |
| Published | March 2019 |
| Forecast Period | 2017 - 2025 |
| Estimated Market Value ( USD | $ 1135.5 million |
| Forecasted Market Value ( USD | $ 1781.3 million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
