Fermenters Market size is estimated to reach $2.04 Billion by 2025 and is poised to grow at a CAGR of 6.99% during the forecast period 2020-2025. Fermenter is a type of bioreactor that is a closed, sterile container. It controls the temperature and maintains the room anaerobic to optimize conditions for required fermentation and growth of microorganisms. In the fermenter, the microorganism undergoes a fermentation process that produces large quantities of the metabolite required for commercial use. The increased consumption of fermented drinks is driving the demand for the fermenters market. Moreover, the growing awareness of fermentation among the consumers for health claims is estimated to fuel the fermenters market. The emerging technological innovations in the field of brewing are estimated to generate an untapped opportunity for market participants across the globe, which is projected to fuel the growth of the Global Fermenters Market over the forecast years 2020-2025.
Fermenters Market Segment Analysis – By Material
The global Fermenters Market based on Mode of Material, can be further segmented into Glass, Stainless-Steel. Stainless-Steel segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. This is owing to the advantages of reusability, increased durability, and ease of sterilization, end-use industries are increasingly favoring stainless steel fermenters. Moreover, the adoption of stainless steel fermenters for the production of metabolites on a large scale in developed regions such as North America and Europe, contributes to the high demand for these ferments in the market is estimated to boost the demand for the segment over the forecast period 2020-2025.
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Fermenters Market Segment Analysis – By Mode of Operation
The global Fermenters Market based on Mode of Mode of Operation, can be further segmented into Automatic, Semi-Automatic. The Automatic segment registered for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to its fast and the easy operation process coupled with the reducing labor cost. The automatic mode of operation has wide acceptance from the industrial and commercial application, which is driving the segment.
Fermenters Market Segment Analysis – By Geography
The global Fermenters Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. North America registered for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025 owing to the owing to the growing demand for the fermented beverages among consumers in the region. Moreover, the presence of major fermenter manufacturers across the region is poised to fuel the demand of the market. However, Asia-Pacific is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the increasing population, coupled with per capita income, and the increasing food, beverages, and cosmetic industries in the region.
Fermenters Market Drivers
Increasing consumption of fermented beverages
The global Fermenters market is driven by rising awareness among the consumers pertaining to the benefits of fermentation. Additionally, rising demand for antibiotics in personal care products result in demand for fermenters in the healthcare and cosmetic industry is a major factor which is anticipated to support the growth of the global fermenters market. Moreover, the growing population coupled with the rising per capita income, and rising demand for fermented food and beverages are some of the major factors which are projected to fuel the growth of the Global Fermenters Market over the forecast years 2020-2025.
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Fermenters Market Challenges
High Cost of Fermenters
Large-scale or commercial biopharmaceutical or microbial fermenters are mostly associated with a high risk of contamination that takes place during the fermentation process in large-scale production facilities. In order to avoid the bacterial, fungal and viral infections during microbial fermentation, fermentation producers incorporate in-place sterilization and in-place cleaning systems in the fermenters, resulting in a high cost as the systems incorporate highly polished stainless steel material, thus ultimately resulting in a higher cost of the fermenters, which is acting as a challenge for the growth of the market.
Fermenters Market Industry Outlook:
Product launches, acquisitions and mergers, joint ventures, and geographical expansions are the key strategies adopted by players in the Fermenters Market. Key companies of this market Applikon Biotechnology B.V, Bioengineering AG, General Electric Company, Electrolab Biotech Ltd, Eppendorf AG, GEA Group AG, CerCell ApS, Pierre Guerin SAS, Sartorius AG, and Thermo Fisher Scientific.
In September 2020, Thermo Fisher Scientific announced the expansion by opening its new Bioprocessing Collaboration Center (BCC) in St. Louis, Missouri, in which bioreactors are produced.
In June 2019, Pierre Guerin SAS announced that it has acquired Endel Engie, which helps in serving Pierre Guerin’s customers by bringing the best technological solutions to their bio-industrial processes.
Geographically, the North America area is poised to see extraordinary development owing to the presence of major fermenter manufacturers in the region and is set to continue during forecast period 2020-2025.
The global demand for the Fermenters Market is owing to the increasing demand and consumption of fermented beverages among the consumers around the globe.
The increasing cost of Fermenters is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Fermenters Market report.
Related Reports :
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B. Beverage Additives Market
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