Fermenters Market Size, Share, Trends, Analyzing, Segmentation, 2032
Market Overview:
The global fermenters market size stood at USD 1.64 billion in 2023. The market is set to grow from USD 1.71 billion in 2024 to USD 2.63 billion by 2032, exhibiting a CAGR of 5.51% during the forecast period.
In the food industry, fermenters are used for improving the shelf life and sensory attributes of a food item. They are anticipated to record a burgeoning demand over the coming years with an upsurge in the number of microbreweries and craft breweries.
List of Key Players Mentioned in the Report:
- Bioengineering AG (Switzerland)
- DIOSNA Dierks & Söhne GmbH (Germany)
- Pierre Guerin (France)
- SYSBIOTECH GmbH (Germany)
- CETOTEC GmbH (Germany)
- Sartorius AG (Germany)
- GEA Group (Germany)
- Solaris Biotech (U.S.)
- Biotree (India)
- Electrolab Biotech (U.K.)
Segmentation:
Semi-Automatic Segment Registers Dominating Share Owing to Advantage of More Control
By the mode of operation, the market is divided into semi-automatic and automatic. The semi-automatic segment accounts for the largest market share. The mode of operation provides more control during the production of various chemicals and beverages, which drives its adoption.
Continuous Segment to Expand at the Highest Growth Rate Due to Benefit of More Product Yield
Based on process, the market is fragmented into batch, fed-batch, and continuous. The continuous segment is slated to surge at the highest growth rate over the analysis period. The advancements in the fermentation process and benefits such as more product yield and minimal operational costs are propelling segment growth.
Stainless Steel Segment Accounts for Leading Share Due to its Reusability and Cost-efficiency
On the basis of material, the market is subdivided into glass, stainless-steel, and others. The stainless steel segment holds a major share in the global market and is set to rise at the highest CAGR over the analysis period. This is driven by the benefits of cost-efficiency and reusability offered by the material.
Food Segment to Exhibit the Highest CAGR Driven by Mounting Popularity of Plant-based Foods
On the basis of application, the market is segmented into food, healthcare & cosmetics, beverages, and others. The food segment is poised to depict the highest CAGR over the analysis period. The fermenters demand is rising impelled by the escalating popularity of plant-based food products across the globe.
By geography, the market for fermenters has been studied across Europe, North America, South America, Asia Pacific, and the Middle East & Africa.
Source: https://www.fortunebusinessinsights.com/fermenters-market-110183
Report Coverage:
The report gives an insight into the prominent strategies deployed by major industry players to gain an edge over their competitors. Other aspects include the latest trends and the pivotal factors set to propel industry expansion. An analysis of the industry on the basis of various segments has also been furnished in the report. The market has been analyzed based on the mode of operation, application, material, process, and geography.