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Growing Awareness About Food Preservation Drives the Fermenters Market

(Food-Beverage-News.Com, November 14, 2019 ) The report "Fermenters Market by Application (Food, Beverage, and Healthcare & Cosmetics), Microorganism (Bacteria and Fungi), Process (Batch, Fed-batch, and Continuous), Mode of Operation (Semi-automatic and Automatic), and Region - Global Forecast to 2023", The fermenters market is estimated at USD 1.13 billion in 2018 and is projected to reach USD 1.69 billion by 2023, growing at a CAGR of 8.4% during the forecast period. The market is driven by factors such as the increase in the consumption of fermented food & beverages in developed economies, along with growing awareness about food preservation.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101132363

Drivers:

Increased consumption of fermented beverages in developed economies

The rapid growing fermented beverage industry is expected to significantly drive the demand for fermenter systems and solutions during the forecast period, owing to the growing popularity of a variety of beers and wines in the emerging economies worldwide. According to the Brewer’s Association, in 2017, the craft beer sales continued to grow at a rate of about 5% by volume, which reached 12.7% of the US beer market, in terms of volume. According to the US Alcohol and Tobacco Tax and Trade Bureau (TTB) and US Commerce Department, 2018, the US beer industry, in 2017, exported about 207.4 million barrels of beer. According to the TTB and US Commerce, 2018, the US domestically produced about 83% of beer, and 17% of beer was imported from more than 100 different countries globally. According to TTB preliminary reports, the US recorded about 5,648 brewery production facilities in the region in 2017. According to the Brewers of Europe Organization, in 2016, Europe’s five countries recorded the highest growth in beer production, namely, Germany, the UK, Poland, Spain, and the Netherlands. Thus, the growing popularity of beer among consumers is expected to lead to the exponential growth in demand for fermented beverages, thereby increasing the demand for fermenters used for the fermentation of alcoholic beverages.

The global beer production volume reached 189 million kiloliters in 2015, of which Asia Pacific held a share of 33.8% of the global beer market in 2015. In 2015, China continued to be the largest beer producing country in the Asia Pacific region, followed by India and Vietnam.

Growing awareness about food preservation

Nowadays, fermentation is one of the most preferred methods of food preservation owing to the health benefits offered by this process. Fermented beverages such as mead, kvass, water kefir, dairy kefir, and kombucha are fermented and preserved by the fermentation process. During the fermentation, microorganisms produce lactic acid and acetic acid that are also known as bio-preservatives, which help in retaining the nutrients while also preventing food spoilage.

Restraints:

Increasing cost of fermenters

Majorly, large-scale or commercial microbial or biopharmaceutical fermenters are always associated with high risks of contamination that occur during the fermentation process in large-scale production facilities. To avoid bacterial, fungal, and viral infections during microbial fermentations, fermenter producing manufacturers are incorporating sterilize-in-place and clean-in-place systems in fermenters, which result in high cost as the systems comprise highly polished stainless-steel material, thus ultimately resulting in the high cost of the fermenters.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=101132363

Key Players:

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Eppendorf (Germany), Sartorius (Germany), Thermo Fisher Scientific (US), Pierre Guerin SS (France), CerCell ApS (Denmark), Electrolab Biotech (UK), Applikon Biotechnology (Netherlands), GEA Group (Germany), General Electric (US), Bioengineering AG (Switzerland), Zeta Holding (Austria), and bbi-biotech (Germany).

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com
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