South Africa Microbial Fermentation Technology Market Size & Outlook
South Africa microbial fermentation technology market, 2018-2030 (US$M)
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South Africa microbial fermentation technology market highlights
- The South Africa microbial fermentation technology market generated a revenue of USD 341.2 million in 2023 and is expected to reach USD 462.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.4% 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 341.2 million |
| Market revenue in 2030 | USD 462.3 million |
| Growth rate | 4.4% (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, South Africa accounted for 1.0% 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 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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South 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 42.38% in 2023. Horizon Databook has segmented the South 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.
Slow economic growth, as well as developmental stage of healthcare system in the region, has contributed to the low market penetration of microbial fermentation technology in this country. For example, at the end of 2021, South Africa-based Aspen Pharmacare struck a deal for the production of COVID-19 vaccines with Johnson & Johnson. However, the executives of Aspen reported that they have not received orders, putting the future of its vaccine plant in question.
The microbial fermentation technology market in South Africa is expected to witness limited growth in the coming years owing to the increase in demand for biologics globally coupled with presence of the target population in this region. For instance, according to the International Agency for Research on Cancer, around 108,168 new cases of cancer were reported in South Africa in 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa microbial fermentation technology market , including forecasts for subscribers. This country databook contains high-level insights into South Africa microbial fermentation technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa microbial fermentation technology market size, by end use, 2018-2030 (US$M)
South Africa Microbial Fermentation Technology Market Outlook Share, 2023 & 2030 (US$M)
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