Fermenters Market is Projected to Reach $1.69 billion by 2023

The fermenters market is estimated at USD 1.13 billion in 2018 and is projected to reach USD 1.69 billion by 2023, growing at a CAGR of 8.4% during the forecast period. The market is driven by factors such as the increase in the consumption of fermented food & beverages in developed economies, along with growing awareness about food preservation.

Asia Pacific is projected to be the fastest-growing market for fermenters during the forecast period. Emerging economies such as India have favorable market potential for fermented food products, which has led to food manufacturers in these countries adopting strategies such as expansions to cater to the demand and using fermenters to increase the production capacity of fermented products. Also, Asia Pacific is expanding as a leading region in the production of a variety of probiotic-based foods, beverages, and dietary supplements, along with innovations in the dessert, confectionery, and fermented food sectors. The growing population and per capita income in China, India, and Japan are expected to drive the demand for fermented foods & beverages, which, in turn, drive the demand for fermenters.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Eppendorf (Germany), Sartorius (Germany), Thermo Fisher Scientific (US), Pierre Guerin SS (France), CerCell ApS (Denmark), Electrolab Biotech (UK), Applikon Biotechnology (Netherlands), GEA Group (Germany), General Electric (US), Bioengineering AG (Switzerland), Zeta Holding (Austria), and bbi-biotech (Germany).

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Based on process, the fed-batch fermenters dominated the market in terms of value. The application of these fermenters in extensive production of microbial cultures for various applications and production of mammalian cell culture systems are the main factors for the dominance of fed-batch systems in the market.

The beverage segment, by application, accounted for the largest share of the global market in 2017. With the increasing consumption of fermented beverages in the US and European countries, the production facilities of beer and wine have been increasing across the globe, which in turn reflects an increasing demand for fermenters. Beverage and food applications are projected to grow at a higher rate in the global market for fermenters, owing to the increasing adoption of fermentation technologies by key players for development of novel products.

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Created on Sep 3rd 2021 08:32. Viewed 300 times.

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