Fermentation technology is a field which involves the use of microorganisms and enzymes for production of compounds that have applications in the energy, material, pharmaceutical, chemical and food industries. Though fermentation processes have been used for generations as a requirement for sustainable production of materials and energy, today it has become more demanding for continuous creations and advancement of novel fermentation processes. Efforts are directed both towards the advancement of cell factories and enzymes, as well as the designing of new processes, concepts, and technologies. The global market of microbial fermentation technology was valued at approximately USD 1,573.15 million in 2017 and which is expected to generate revenue of around USD 2,244.20 million by end of 2023. However, regular supply of materials, such as nutrients, microorganisms, the complex nature of production process, and high manufacturing cost hinder the market growth.
Keywords: Fermentation, world market, fermenter design, submerged fermentation, solid state fermentation
In the present century, ...