Microbial Fermentation Technology Global Market Report 2024

The microbial fermentation technology market size has grown strongly in recent years. It will grow from $34.56 billion in 2023 to $37.46 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period can be attributed to several factors, increased demand for rapid and accurate microbial identification methods, expansion of the pharmaceutical industry, a growing preference for automation and sterility testing in the pharmaceutical sector, higher demand for consumer products, a rise in the global population, and the expanding application of industrial microbiology.

The microbial fermentation technology market size is expected to see strong growth in the next few years. It will grow to $52.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to several factors, increasing demand for alcoholic beverages, rising need for fermented food, growing popularity of CRISPR-9 technology, increasing production of biosimilars, and higher demand for fossil fuel alternatives. Major trends expected during this period include the adoption of synthetic biology techniques, advancements in bio-processing and the creation of novel microbial strains, the use of advanced technologies such as molecular diagnostics, genomics, and proteomics, the implementation of testing procedures within the food and beverage industry, and technological innovations in fermenters.

The growing demand for alcoholic beverages is anticipated to drive the expansion of the microbial fermentation technology market. Alcoholic beverages are fermented liquids containing ethyl alcohol (ethanol) as an intoxicant, made from sugars found in fruits, grains, berries, and other sources such as plant saps, tubers, honey, and milk. This increasing demand is due to changing lifestyles and the rise of healthier alcoholic options such as low-calorie, low-alcohol, or organic beverages. Microbial fermentation technology is crucial for producing these beverages, offering precise control, customization, scalability, and environmental sustainability in the fermentation process. For example, in February 2023, Statistics Canada reported that liquor authorities and other retail businesses sold $26.1 billion worth of alcoholic beverages in the fiscal year ending in March 2022, marking a 2.4% increase from the previous year. Thus, the growing demand for alcoholic beverages fuels the microbial fermentation technology market.

Key companies in the microbial fermentation technology sector are prioritizing strategic partnerships to boost their research and development, expand their product offerings, and speed up the commercialization of innovative fermentation-derived products. These collaborations aim to combine expertise, access new markets, and achieve economies of scale, driving growth and competitiveness in the dynamic field of microbial fermentation technology. For instance, in November 2022, Planetary, a biotechnology company from Switzerland, signed a Memorandum of Understanding with Konica Minolta, a Japanese technology company, to introduce AI and data-driven technologies for optimizing fermentation processes. This partnership focuses on creating data-driven solutions to analyze bioprocess data, enhancing fermentation process efficiency and reducing production batch losses.

In September 2022, Lesaffre, a biotechnology company from France, acquired Recombia Biosciences for an undisclosed amount. This acquisition aims to utilize Recombia’s expertise in high-throughput genome editing and synthetic biology to advance yeast development and production innovations. Recombia Biosciences, a US-based company, specializes in microbial fermentation and develops genome editing and genetic engineering platforms for sustainable product development.

Major companies operating in the microbial fermentation technology market are Cargill Inc., Archer Daniels Midland Company, BASF SE, F.Hoffmann-La Roche AG, The Dow Chemical Company, Evonik Industries AG, Royal DSM NV, Ajinomoto Co Inc., Givaudan SA, Lonza Group, AGC Group, Novozymes A/S, United Breweries Ltd, Ginkgo Bioworks Inc., Amyris Inc., Biovectra Inc., BIOZEEN, MycoTechnology Inc., Unibio A/S, Locus Fermentation Solutions, Lygos Inc., Amano Enzyme Inc., ZymoChem Inc., Conagen inc., NovoNutrients.

Asia Pacific was the largest region in the microbial fermentation technology market in 2023. The regions covered in the microbial fermentation technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the microbial fermentation technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Microbial fermentation technology involves the use of microorganisms such as bacteria, yeast, or fungi to produce valuable substances through controlled fermentation processes. This technology requires creating optimal conditions for the growth and metabolism of specific microorganisms, including appropriate nutrients, temperature, pH, and oxygen levels.

The primary types of microbial fermentation technology include medical, industrial, alcoholic beverages, food, and feed products. Medical microbial fermentation uses microorganisms such as bacteria, yeast, and fungi to produce medical and pharmaceutical products through fermentation. These products are utilized in various applications, including antibiotics, probiotic supplements, monoclonal antibodies, recombinant proteins, biosimilars, vaccines, enzymes, and small molecules. They are employed by various end users, such as biopharmaceutical companies, contract research organizations (CROs), contract manufacturing organizations (CMOs), contract development and manufacturing organizations (CDMOs), and academic and research institutions.

The microbial fermentation technology market research report is one of a series of new reports that provides microbial fermentation technology market statistics, including microbial fermentation technology industry global market size, regional shares, competitors with a microbial fermentation technology market share, detailed microbial fermentation technology market segments, market trends and opportunities, and any further data you may need to thrive in the microbial fermentation technology industry. This microbial fermentation technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The microbial fermentation technology market consists of revenues earned by entities by providing services such as analytical and quality control services, research and development (R&D) services, equipment and bioreactor services, and data management and bioinformatics. The market value includes the value of related goods sold by the service provider or included within the service offering. The microbial fermentation technology market also includes sales of pharmaceutical products, biofuels and biochemicals, and specialty chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.