Middle East & Africa Microbial Fermentation Technology Market Size & Outlook
Middle East & Africa microbial fermentation technology market, 2018-2030 (US$M)
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MEA microbial fermentation technology market highlights
- The MEA microbial fermentation technology market generated a revenue of USD 1,393.3 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,393.3 million |
| Market revenue in 2030 | USD 1,842.8 million |
| Growth rate | 4.1% (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, MEA region accounted for 4.2% 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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Middle East & Africa 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 42.41% in 2023. Horizon Databook has segmented the Middle East & Africa 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 microbial fermentation technology market is observed to have the lowest market penetration in MEA. The bioprocessing industry is currently at a nascent stage in this region. However, growing awareness regarding the benefits of microbial fermentation technology in the biomanufacturing space is expected to have a positive impact on market growth during the forecast period.
In addition, the presence of unmet medical needs in MEA coupled with rising incidence of disease & disorders is expected to result in the gradual growth of the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa microbial fermentation technology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA microbial fermentation technology market size, by country, 2018-2030 (US$M)
Middle East & Africa Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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