Mexico Microbial Fermentation Technology Market Size & Outlook
Mexico microbial fermentation technology market, 2018-2030 (US$M)
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Mexico microbial fermentation technology market highlights
- The Mexico microbial fermentation technology market generated a revenue of USD 673.4 million in 2023 and is expected to reach USD 870.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.7% 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.
Microbial fermentation technology market data book summary
| Market revenue in 2023 | USD 673.4 million |
| Market revenue in 2030 | USD 870.1 million |
| Growth rate | 3.7% (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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% 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 Latin America, Brazil microbial fermentation technology market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,402.6 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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Mexico 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 Mexico 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.
Mexico is an emerging market with minimal regulatory convergence agencies that create obstacles for companies to establish their position in the market. The country has thus emerged as a potential hub for biopharmaceutical products owing to the presence of skilled scientists, low manufacturing costs, and an advanced legal framework.
In addition, the country’s government has prioritized growth and innovation in the biopharmaceutical space. Thus, growing biopharmaceutical and biotechnology industries in the country are anticipated to create high demand for microbial fermentation technology. However, limited R&D investments may hamper the market growth during the forecast period.
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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 Mexico microbial fermentation technology market , including forecasts for subscribers. This country databook contains high-level insights into Mexico microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico microbial fermentation technology market size, by end use, 2018-2030 (US$M)
Mexico Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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