This report provides exclusive insights into the COVID-19 impact on the Fermenters Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Fermenters Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Fermenters Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the fermenters market provides an in-depth analysis of segments and sub-segments in the global as well as regional fermenters market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fermenters market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global fermenters market. According to the report, the global fermenters market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
The growing demand of the different type of food and beverage products as beer, milk products, vegetables, starchy plant foods, meat and fish products and other is helping to grow the demand of the different type of fermented products. In earlier times, fermentation was used mainly to preserve the different types of food products for the long term. As the awareness about its applicability has grown among the different countries, its application is increasing exponentially. Now, it is used to produce a large number of fermented products with unique flavor, taste, aroma, and texture. Further, in the food processing industry, it is used to convert carbohydrates to alcohol or organic acid with the help of the different types of micro-organisms under anaerobic conditions. Further, in the bakery industry, it is used to leaven the bakery ingredients.
The growing disposable income among the young and the middle-class people is boosting the demand for a different type of fermented food products as beer, alcohol, dairy, and bakery products. Further, the growing demand for fermented food products is helping to grow the demand for different types of fermented products. However, the cost factor of installing a different type of fermenters and the availability of skilled personnel is restricting the growth of the fermenters market.
Geographically, the fermenters market is divided into four regions namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest market, owing to the presence of a large number of food processing, beer and alcohol processing, dairy processing companies in this region. Additionally, the availability of a large number of the consumer for the different type of fermented food products as bakery, beer and other products is continuously helping to grow the fermenters market in this region. Europe is the second-largest market after, North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for the different types of fermented products in this region.
The report on the global fermenters market covers segments such as application, process, mode of operation, material, and microorganism. On the basis of application, the sub-markets include food, beverage, and healthcare products & cosmetics. On the basis of process, the sub-markets include batch, fed-batch, and continuous. On the basis of mode of operation, the sub-markets include automatic, and semi-automatic. On the basis of material, the sub-markets include stainless-steel, and glass. On the basis of microorganisms, the sub-markets include bacteria, and fungi.
The report provides profiles of the companies in the market such as bbi-biotech GmbH, ZETA Holding GmbH, Bioengineering AG, Applikon Biotechnology B.V., Electrolab Biotech Ltd, CerCell ApS, Pierre Guérin SAS, General Electric Company, GEA Group AG, and Thermo Fisher Scientific.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the fermenters market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.