Market revenue in 2023 | USD 4,468.4 million |
Market revenue in 2030 | USD 8,032.2 million |
Growth rate | 8.7% (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 |
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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 42.16% in 2023. Horizon Databook has segmented the India 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.
The India microbial fermentation technology market is growing at a significant CAGR owing to presence of a substantial number of contract and in-house manufacturers in the country. Thus, there is great potential for microbial fermentation technology market in the country. Government initiatives driving innovation & novel technology development are also boosting the biopharmaceutical sector.
Furthermore, in February 2022, a MoU was signed between Cytiva and Bangalore Bioinnovation Centre (BBC), India, to provide a platform for skill development in the bioprocessing field. Such initiatives undertaken by domestic and global entities are expected to enhance the technical expertise in the Indian market. This, in turn, is expected to create lucrative growth opportunities in India microbial fermentation technology market over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the India microbial fermentation technology market , including forecasts for subscribers. This country databook contains high-level insights into India microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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