DUBLIN--(BUSINESS WIRE)--The "Fermenters Market by Process, Application, and Mode of Operation: Global Opportunity Analysis and Industry Forecast, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
According to this report, 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.
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.
On the other hand, fermenters are very costly owing to presence of advanced technological devices such as sensors, actuators, and control systems to name few. High cost of fermenters is expected to impend the market growth. In addition, optimization and integration of large-scale fermenters are major concerns for stakeholders in the fermenters industry.
Manufacturers of fermenters are continuously engaged in the development of commercially viable fermenters at very large scale in order to cater increase in demand for large-scale fermenters especially from the food & beverage industry. As the global demand for fermenters continues to expand, engaged stakeholders will be challenged to continue to improve efficacy and yield of fermenters. Furthermore, adapting to evolving customer demand will require collaboration throughout the value chain.
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.
Key Topics Covered
Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
Chapter 2: Executive Summary
2.1. CXO Perspective
Chapter 3: Market Landscape
3.1. Market Definition & Scope
3.2. Key Findings
3.3. Porter's Five Forces Analysis
3.4. Market Share Analysis/Top Player Positioning
3.5. Market Dynamics
Chapter 4: Fermenters Market by Process
4.2. Batch Fermentation
4.3. Continuous Fermentation
Chapter 5: Fermenters Market by Application
5.4. Healthcare & Personal Care
Chapter 6: Fermenters Market by Mode of Operation
Chapter 7: Fermenters Market by Region
7.2. North America
Chapter 8: Company Profiles
8.1. Applikon Biotechnology B.V.
8.2. BBI-Biotech GmbH
8.3. Bioengineering AG
8.4. Cercell Aps
8.5. Electrolab Biotech Ltd.
8.6. Eppendorf AG
8.7. Gea Group Aktiengesellschaft
8.8. General Electric Company
8.9. Pierre Guerin SAS
8.10. Sartorius AG
8.11. Thermo Fisher Scientific Inc.
8.12. Zeta Holding GmbH
For more information about this report visit https://www.researchandmarkets.com/r/z0puh