Australia Microbial Fermentation Technology Market Size & Outlook
Australia microbial fermentation technology market, 2018-2030 (US$M)
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Australia microbial fermentation technology market highlights
- The Australia microbial fermentation technology market generated a revenue of USD 1,945.8 million in 2023 and is expected to reach USD 3,109.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, cmos & cdmos was the largest revenue generating end use in 2023.
- CMOs & CDMOS is the most lucrative end use segment registering the fastest growth during the forecast period.
Microbial fermentation technology market data book summary
| Market revenue in 2023 | USD 1,945.8 million |
| Market revenue in 2030 | USD 3,109.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Cmos & cdmos |
| Fastest growing segment | CMOs & CDMOS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biopharmaceutical Companies, CMOs & CDMOS, Academic And Research Organizations |
| Key market players worldwide | Danone SA, Roche Holding AG ADR, Koninklijke DSM NV, Lonza Group Ltd, Novonesis AS ADR, Biocon, BioVectra, TerraVia - Assets, BiOZEEN |
Other key industry trends
- In terms of revenue, Australia accounted for 5.8% of the global microbial fermentation technology market in 2023.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India microbial fermentation technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,032.2 million by 2030.
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Microbial Fermentation Technology Market Scope
Microbial Fermentation Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 42.17% in 2023. Horizon Databook has segmented the Australia 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.
Australia represents an emerging hub of biotechnology and biopharmaceutical innovations which is expected to boost the demand for large scale manufacturing of biologics in the country. According to the data published by the Australian Trade and Investment Commission, the country has become a thriving network of more than 470 biotechnology companies.
High presence of established pharmaceutical & biotechnology companies and extensive research and development initiatives being undertaken by them are expected to create high need for microbial fermentation solutions & systems in the country. Furthermore, increasing extent of research and development activities in the country.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia microbial fermentation technology market , including forecasts for subscribers. This country databook contains high-level insights into Australia microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia microbial fermentation technology market size, by end use, 2018-2030 (US$M)
Australia Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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