Market Overview:
The global fermenters market size stood at USD 1.64 billion in 2023. The market is set to grow from USD 1.71 billion in 2024 to USD 2.63 billion by 2032, exhibiting a CAGR of 5.51% during the forecast period.
In the food industry, fermenters are used for improving the shelf life and sensory attributes of a food item. They are anticipated to record a burgeoning demand over the coming years with an upsurge in the number of microbreweries and craft breweries.
List of Key Players Mentioned in the Report:
Segmentation:
Semi-Automatic Segment Registers Dominating Share Owing to Advantage of More Control
By the mode of operation, the market is divided into semi-automatic and automatic. The semi-automatic segment accounts for the largest market share. The mode of operation provides more control during the production of various chemicals and beverages, which drives its adoption.
Continuous Segment to Expand at the Highest Growth Rate Due to Benefit of More Product Yield
Based on process, the market is fragmented into batch, fed-batch, and continuous. The continuous segment is slated to surge at the highest growth rate over the analysis period. The advancements in the fermentation process and benefits such as more product yield and minimal operational costs are propelling segment growth.
Stainless Steel Segment Accounts for Leading Share Due to its Reusability and Cost-efficiency