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Monday, July 4, 2022

Lucintel Forecasts Microbial Fermentation Technology Market to Grow at a CAGR of 5%-7% from 2020 to 2025

According to the recent study the Microbial Fermentation Technology Market is projected to grow at a CAGR of 5%-7% from 2020 to 2025. Growth in this market is primarily driven by growing application, rise in research and developmental, technological advancement, and increase in awareness of the benefits of microbial fermentation technologies.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in microbial fermentation technology market by product (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), end user (bio-pharmaceutical industries, food and feed industry, contract research organizations (CROs) and contract manufacturing organizations (CMOs), academic research institutes, and others (chemical industries, alcohol breweries, and wineries), application (food and beverages, industrial applications, plastics and fibers, nutritional and pharmaceutical, and other), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/microbial-fermentation-technology-market.aspx

“Alcohol beverages market is expected to remain the largest segment during the forecast period.”

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. Lucintel forecasts that the alcohol beverages market is expected to remain the largest segment due to rising popularity of alcoholic beverages among teenagers, rising population in urban regions, and development in the microbial fermentation technology.

“Within the microbial fermentation technology market, the food and beverages segment is expected to remain the largest application.”

Based on application the food and beverages segment is expected to witness the highest growth over the forecast period due to increasing utilization of the microbial fermentation technology in the food and beverage industry.

“Asia pacific will dominate the microbial fermentation technology market in near future.”

Asia Pacific will remain the largest region over the forecast period due to a vast increase in geriatric population; highly developed chemical industry in China; cutting-edge research in biotechnology and healthcare; rise in disposable income and changing lifestyles; improved spending capacity; the high prevalence of chronic ailments, such as cancer and diabetes; and the consequent rise in demand for new drug candidates.

Download Brochure of this report by clicking on https://www.lucintel.com/microbial-fermentation-technology-market.aspx

Major players of microbial fermentation technology market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Biocon, Danone, Lonza, United Breweries, Amyris, Novozymes, TerraVia Holdings, BioVectra, DSM, and F. Hoffmann La-Roche are among the major microbial fermentation technology providers.

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 https://www.lucintel.com/microbial-fermentation-technology-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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