Latin America Microbial Fermentation Technology Market Size & Outlook
Latin America microbial fermentation technology market, 2018-2030 (US$M)
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Latin America microbial fermentation technology market highlights
- The Latin America microbial fermentation technology market generated a revenue of USD 2,871.3 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,871.3 million |
| Market revenue in 2030 | USD 3,847.0 million |
| Growth rate | 4.3% (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, Latin America region accounted for 8.6% 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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Latin America 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 42.4% in 2023. Horizon Databook has segmented the Latin America 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.
Improving GDP and increasing developments by major market players in Latin America are anticipated to boost regional market growth. Increasing usage of microbial fermentation by contract service providers is expected to play a key role in reshaping the microbial fermentation technology landscape in Latin America.
The Latin American region is also witnessing growing awareness about advanced medical therapies and vaccines. However, the lack of government support is one of the major challenges in this region, which may restrain market growth to a certain extent.
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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 continent-level data and insights on the Latin America microbial fermentation technology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America microbial fermentation technology market size, by country, 2018-2030 (US$M)
Latin America Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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