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Global Fermenters Market to Grow at a CAGR of 5.6% During 2022-2027, Aided by Integration of Advanced Technology in Fermenters

According to a new report by EMR titled, ‘Global Fermenters Market Report and Forecast 2022-2027’, the global fermenters industry attained a value of about USD 1,412.03 million in 2021. The market is further expected to grow at a CAGR of 5.6% during the forecast period of 2022-2027 to reach nearly USD 1,958.06 million by 2027.

The global market for fermenters is being driven by the rising influence of western culture in emerging economies. Market leaders involved in the production of beverages are constantly innovating new flavours in non-alcoholic, fermented beverages, which is significantly aiding the industry growth of fermenters. In the presence of advanced technology, advanced software like the Internet of Things (IoT) and artificial things (AI) are being rapidly incorporated in fermenters to streamline operations, which is another contributing factor to the market growth of fermenters. In addition to this, novel innovations in sensors and actuator technologies are further generating growth prospects for the market growth of fermenters. Automatic fermentation technology aids in reducing labour costs and boosting productivity in medium and large-scale productions, hence favouring the market growth of fermenters.

Precise Fermentation, a market player for fermenters, recently announced an upgrade to its flagship IoT-driven fermentation monitoring solution, the Brew Monitor system, in August 2021. The fermentation monitor provides fast access to the most crucial day-to-day data. The technological advancements by the company were a result of customer feedback. In addition to this, the upgrade is aimed at providing major advancements in the transformation of raw data into actionable fermentation performance insight to help brewers make critical production decisions and prevent problems more effectively. Advanced software like the Internet of Things (IoT) into fermenters is incorporated to streamline operations and provide quality management to brewers. The market is further expected to be augmented by the expansion strategies employed by key market players like Sartorius AG (ETR: SRT).

Market Analysis by Process, Mode of Operation, Application, and Region:

  • Based on the process, the market can be divided into the batch and continuous, among others.
  • By mode of operation, the market is segmented into automatic and semi-automatic.
  • Based on application, the market can be divided into food, beverage, healthcare, and personal care, among others. 
  • The major regional markets for fermenters are North America, Latin America, Europe, the Asia Pacific, the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rising market penetration of fermented beverages, including non-alcoholic beverages and alcoholic beverages such as wine and beer. 
  • The rising consumer awareness regarding the health benefits of eating fermented food products like improving the intestinal tract, immune system and reducing the chances of lactose intolerance and cancers is augmenting the market growth of fermenters. 
  • The market growth is being propelled by the growing demand for fermenters from the pharmaceutical industry for the production of chemical compounds, enzymes, and drugs.
  • Technological integrations with advanced software like the Internet of Things (IoT) and artificial intelligence (AI) in sensors and actuators are invigorating the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global fermenters industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for processes, modes of operation, applications, and regions of fermenters. 
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global fermenters market are Sartorius AG, Eppendorf AG, GEA Group Aktiengesellschaft, Electrolab Biotech, Bioengineering AG, and BBI-Biotech GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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