Fermenters Market Key Drivers, Challenges, Growth and Opportunities By 2025

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Growth in demand for active pharmaceutical ingredient, bio-fuels, and alcohol such as wine and beer in developing economies drives the growth of the global fermenters market. In addition, the market is slowly moving toward consolidation with leading players acquiring the major acquisitions. Such acquisitions provide great opportunities to meet customer demand for quality and productivity along with leveraging global reach to bring innovative products to a larger customer base. However, leading market players focus on developing cost-effective fermenters with high customization in the coming future.

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.

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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.

Rise in demand for advanced vaccinations and expansion in the food, beverage, and pharmaceutical industries are expected to exhibit high demand for fermenters in future. In addition, 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.

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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.

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 a highest CAGR of 6.6% during the fermenters market forecast period.
  • 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.
  • t CAGR of 8.7% during the forecast period.Among countries, India is projected to grow with highes.

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Jessica Hamelburg
Jessica Hamelburg is a content marketing coordinator and social media manager for a global industrial asset management company. Jessica holds a Bachelor's Degree in Communications and Public Relations from Suffolk University and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with her dogs.

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