Global Microbial Fermentation Technology Market Size & Outlook
Global microbial fermentation technology market, 2018-2030 (US$M)
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Global microbial fermentation technology market highlights
- The global microbial fermentation technology market generated a revenue of USD 33,363.3 million in 2023 and is expected to reach USD 49,394.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.8% by 2030.
- In terms of segment, cmos & cdmos accounted for a revenue of USD 14,170.8 million in 2023.
- CMOs & CDMOS is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 33,363.3 million |
| Market revenue in 2030 | USD 49,394.5 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Cmos & cdmos |
| Fastest growing segment | CMOs & CDMOS |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biopharmaceutical Companies, CMOs & CDMOS, Academic And Research Organizations |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global microbial fermentation technology market in 2023.
- By country, the Canada is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 69.0 million by 2030.
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Microbial Fermentation Technology Market Scope
Microbial Fermentation Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global microbial fermentation technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microbial fermentation technology market will help companies and investors design strategic landscapes.
Cmos & cdmos was the largest segment with a revenue share of 42.47% in 2023. Horizon Databook has segmented the Global microbial fermentation technology market based on biopharmaceutical companies, cmos & cdmos, academic and research organizations covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Microbial Fermentation Technology End Use Outlook (Revenue, USD Million, 2018-2030)
- Biopharmaceutical Companies
- CMOs & CDMOS
- Academic And Research Organizations
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Our clientele includes a mix of microbial fermentation technology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global microbial fermentation technology market , including forecasts for subscribers. This global databook contains high-level insights into Global microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global microbial fermentation technology market size, by regions, 2018-2030 (US$M)
Top 10 countries: Microbial fermentation technology market size, 2023 (US$M)
Global microbial fermentation technology market share, by end use, 2023 & 2030 (%, US$M)
Microbial fermentation technology market: Opportunity assessment by country
Global microbial fermentation technology market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,919.8 | 6,232.5 | 6,561.2 | 7,132.2 | 7,709.9 | 8,295.3 | 8,883.5 | 9,468.3 | 10,043.6 | 10,602.9 | 11,139.5 | 11,646.6 | 12,117.4 | 5.6% |
| Europe | 3,956.0 | 4,137.2 | 4,325.5 | 4,668.7 | 5,010.1 | 5,350.1 | 5,685.2 | 6,011.3 | 6,324.5 | 6,620.4 | 6,895.2 | 7,144.7 | 7,365.3 | 4.7% |
| Asia Pacific | 10,571.4 | 11,218.9 | 11,907.9 | 13,053.9 | 14,234.6 | 15,453.2 | 16,702.1 | 17,971.3 | 19,250.4 | 20,527.8 | 21,791.1 | 23,027.0 | 24,222.0 | 6.6% |
| Latin America | 2,157.8 | 2,249.8 | 2,344.8 | 2,522.6 | 2,698.1 | 2,871.3 | 3,040.4 | 3,203.1 | 3,357.3 | 3,500.8 | 3,631.6 | 3,747.6 | 3,847.0 | 4.3% |
| MEA | 1,055.3 | 1,098.6 | 1,143.3 | 1,228.1 | 1,311.4 | 1,393.3 | 1,472.9 | 1,549.0 | 1,620.7 | 1,686.8 | 1,746.5 | 1,798.8 | 1,842.8 | 4.1% |
| Overall | 23,660.3 | 24,937.0 | 26,282.8 | 28,605.5 | 30,964.1 | 33,363.3 | 35,784.0 | 38,202.9 | 40,596.3 | 42,938.8 | 45,203.9 | 47,364.8 | 49,394.5 | 5.8% |
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