Saudi Arabia Microbial Fermentation Technology Market Size & Outlook
Saudi Arabia microbial fermentation technology market, 2018-2030 (US$M)
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Saudi Arabia microbial fermentation technology market highlights
- The Saudi Arabia microbial fermentation technology market generated a revenue of USD 387.9 million in 2023 and is expected to reach USD 508.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.9% 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 387.9 million |
| Market revenue in 2030 | USD 508.4 million |
| Growth rate | 3.9% (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, Saudi Arabia accounted for 1.2% 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 Middle East & Africa, Saudi Arabia microbial fermentation technology market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 385.2 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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Saudi Arabia 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 Saudi Arabia 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.
Saudi Arabia is the key economy and important pharmaceutical market in the Middle East. The structure of the healthcare system is decentralized, and the head of the authority of the sector makes reimbursement decisions. The growth of Saudi Arabia microbial fermentation technology market can primarily be attributed to various initiatives being undertaken by the government to expand R&D capabilities in the country.
For instance, organizations such as the King Abdullah University of Science and Technology (KAUST) facilitate biotechnology R&D activities in Saudi Arabia. Furthermore, increasing private and public partnerships for expanding the biopharmaceutical industry in the country are anticipated to boost the market demand.
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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 country-level data and insights on the Saudi Arabia microbial fermentation technology market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia microbial fermentation technology market size, by end use, 2018-2030 (US$M)
Saudi Arabia Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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