The fermenters market is projected to grow at a CAGR of 8.4%

NEW YORK, August 13, 2018 /PRNewswire/ -- The fermenters market is projected to grow at a CAGR of 8.4%.
The fermenters market is estimated at USD 1.13 billion in 2018 and is projected to grow at a CAGR of 8.4%, to reach USD 1.69 billion by 2023. The market is driven by factors such as increased consumption of fermented beverages in developed economies, change in consumer perception of fermentation with regard to health claims, and growth in awareness about food preservation. However, the increasing cost of fermenters is the major restricting factor for the global fermenters market.

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The stainless steel segment is projected to grow at the highest CAGR during the forecast period.
Based on the material used for the fermenter's build, the stainless steel segment is projected to grow at the highest CAGR during the forecast period.Commercial fermentation equipment manufacturers are producing stainless steel fermenters that allow the microbial culture to be stored during the brewing process in the same vessel.

Furthermore, commercial stainless steel conical fermenters have the advantage of being reused, have increased durability, and are sanitized easily. In developed economies such as Europe and North America, stainless steel fermenters are widely preferred to meet economies of scale.

By process, the fed-batch segment is estimated to grow at the highest CAGR in the global fermenters market between 2018 and 2023.
Based on the process, the fermenters market has been segmented into batch, fed-batch, and continuous.The fed-batch segment is estimated to dominate the fermenters market in 2018.

Fed-batch fermenters are widely used for the production of microbial cultures used in the preparation of amylase and vinegar. They are also used in mammalian cell culture systems wherein the product yield is at a higher amount with a low level of substrate concentration, which is used in the production of recombinant proteins, antibiotic drugs, and baker's yeast.

Asia Pacific is projected to be the fastest-growing region in the fermenters market, due to the increasing demand for fermented foods and beverages in the region.

Asia Pacific is projected to be the fastest-growing region in the global fermenters market.The major countries with growth potential in this market include China, India, Japan, and Australia.

The growing middle-class population, high spending behavior, and increased demand for healthy fermented food & beverage products with natural ingredients drive the growth of the fermenters market in the region. The beverages segment is expected to witness growth in the region on account of the increasing affordability on the part of consumers.

The global fermenters market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia Pacific, South America and the Rest of the World (RoW).

Break-up of Primaries
• By Company Type: Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
• By Designation: C-level - 30%, D-level - 25%, and Others* - 45%
• By Region: North America - 25%, Europe - 23%, Asia Pacific - 38%, South America – 11%, and RoW - 3%
*Others include sales managers, marketing managers, and product managers.

Leading players profiled in this report
• Eppendorf (Germany)
• Sartorius (Germany)
• Thermo Fisher Scientific (US)
• Pierre Guerin (France)
• CerCell ApS (Denmark)
• Electrolab Biotech (UK)
• Applikon Biotechnology (Netherlands)
• GEA Group (Germany)
• General Electric (US)
• Bioengineering AG (Switzerland)
• Zeta Holding (Austria)
• bbi-biotech (Germany)

Research Coverage
This report segments the fermenters market based on application, material, process, mode of operation, microorganism, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the fermenters market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report
• To get a comprehensive overview of the fermenters market
• To gain wide-ranging information about the top players in this industry, their product portfolio details, and key strategies adopted by them
• To gain insights about the major countries/regions in which the fermenters market is flourishing

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