Europe Microbial Fermentation Technology Market Size & Outlook
Europe microbial fermentation technology market, 2018-2030 (US$M)
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Europe microbial fermentation technology market highlights
- The Europe microbial fermentation technology market generated a revenue of USD 5,350.1 million in 2023.
- The market is expected to grow at a CAGR of 4.7% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,350.1 million |
| Market revenue in 2030 | USD 7,365.3 million |
| Growth rate | 4.7% (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 |
| 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, Europe region accounted for 16.0% of the global microbial fermentation technology market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 24,222.0 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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Europe 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 41.91% in 2023. Horizon Databook has segmented the Europe 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.
European countries, such as the UK, Germany, France, and Spain, hold a significant position in the microbial fermentation technology market. Several events and summits addressing innovations in the field of bioprocessing are conducted in the region. For instance, Bioprocessing Summit Europe took place in Barcelona, Spain in March 2022 to discuss the development and advances in bioproduction as well as cell and gene therapy.
Furthermore, a high number of COVID-19 cases in countries such as Italy, France, the UK, & Germany and extensive R&D initiatives by European pharmaceutical players to develop vaccines for the disease are anticipated to create high demand for microbial fermentation technology.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe microbial fermentation technology market , including forecasts for subscribers. This continent databook contains high-level insights into Europe microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe microbial fermentation technology market size, by country, 2018-2030 (US$M)
Europe Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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