Microbial Fermentation Technology Market Share

APAC Market Forecast

Microbial fermentation technology market in Asia Pacific is predicted to account for the largest share of 42% by 2037 impelled by the presence of the developed chemical sector.  China's chemical industry continues to outperform all others as the country’s chemical sector has been the world's largest in terms of sales. This has led to the development of the fermentation industry in the country. For instance, China has the world's largest fermentation industry, accounting for more than 60% of the global market share for amino acids, vitamins, and other fermentation products. As a result, the role of fermentation has been increased in various industries which has directly boosted the demand for microbial fermentation technology in the region. China's share of global chemical market sales in 2021 increased to more than 42%, up from around 27% in 2011.

North American Market Statistics

The North America microbial fermentation technology market is estimated to be the second largest, during the forecast timeframe led by an increase in contract development organizations. Moreover, these organizations provide a variety of services to pharmaceutical and biotech companies, boosting development and manufacturing productivity while reducing downtime and expenses. Additionally, contract development and manufacturing organizations (CDMOs) provide a variety of pharmaceutical CDMO services and offer process development and cGMP production in cell culture, microbial fermentation, and gene treatments.