Industrial Microbiology Market
Number of pages: 100 | Report Format: PDF | Published date: October 31, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 66.5 billion |
|
Revenue forecast in 2030 |
US$ 122 billion |
|
Growth Rate |
CAGR of 7% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
Product, Application, Test type, End user and Region. |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global industrial microbiology market was valued at US$ 66.5 billion in 2021 and is expected to register a revenue CAGR of 7% to reach US$ 122 billion by 2030.
Industrial Microbiology Market Fundamentals
A branch of applied microbiology called industrial microbiology analyses the use of microbes in industrial processes. It has uses in the chemical, food, and beverage, and pharmaceutical industries. Industrial microbiology is utilised in the pharmaceutical industry to produce antibiotics and vitamins in large quantities. Production of food goods like breads in the food business involves fermentation using yeasts and bacteria.
The consumer market is expanding rapidly as the world's population grows. As a result, techniques for checking product quality are becoming increasingly important. Industrial microbiology encompasses the maintenance, improvement, and screening of microorganisms for the reduction of unique industrial use goods. Industrial microbiology includes incubators and culture tools, air control systems, microbial detection systems, filtration purposes, and devices, equipment, and systems. Syrup, bioremediation, empty capsule manufacture, and genetically engineered food items all involve industrial microbes.
[3223434]
Industrial Microbiology Market Dynamics
The global industrial microbiology market is likely to grow during the forecast period due to the rising popularity of these testing methods in the food and beverage sector. However, it is expected that demand will rise in the coming years due to a greater emphasis on food safety and hygiene, as well as industrial safety. The increased preference for process automation over traditional techniques, which would substantially lower production costs, is the primary force driving the global market's rise. Additionally, over the course of the projected period, there is expected to be an increase in the production and distribution of antibiotics, vitamins, and vaccinations. For instance, in August 2019, the U.S. Food and Drug Administration granted Nabriva therapeutics permission to market Xenleta, an antibiotic for the management of community-acquired bacterial pneumonia (CABP).
Other key factors likely to have a favorable influence on the industrial microbiology market include increased R&D spending in industrial microbiology and the introduction of new and improved products that may improve or enhance industrial microbiology operations. STEMart, for example, introduced full microbiological and sterility testing services for sterile, non-pyrogenic items in June 2022. Furthermore, in December 2021, KTA Nutrition teamed with Sundyota Numandis Group to produce a nutraceutical product line employing high-quality ingredients in India. Bye-Bye Stress (which promotes relaxation and sleep), Good Immunity (which supports the body's natural ability to fight infections), and Beet Strong (which promotes general well-being with extra beetroot advantages) are among the product choices.
Industrial Microbiology Market Ecosystem
The global industrial microbiology has been analysed into five perspectives by product, application, test type, end user and region.
Industrial Microbiology Industrial Microbiology Market by Product
Based on the products, the global industrial microbiology market has been segmented into instruments and systems and consumables. The segment with the biggest market share was consumables. The increased use of microbiology laboratory supplies like 5-SULPHOSALICYLIC ACID 3% and ACID-FAST DECOLORIZER is responsible for this expansion. Another factor driving the growth of the consumables segment is the rapid development of consumables by major companies like Sartorius to aid in microbiological quality control and improve the performance and security of processes.
Industrial Microbiology Market by Application
Based on the applications, the global industrial microbiology market has been segmented into pharmaceutical & biotechnological industries, food & beverage industries, agriculture & environmental industries, cosmetics & personal care industries and others. During the projection period, the pharmaceutical and biotechnology industry segment held the greatest market share. This growth is attributable to the rapidly expanding application of pharmaceutical microbiology, which enables pharmacists to directly make medications from microbes or to use specific items they have produced. In the food sector, monosodium glutamate is used as a flavouring additive. The expansion of R&D efforts for the production of various anti-tumor and anti-microbial drugs is accelerating this market's growth.
Industrial Microbiology Market by Test Type
[5465454]
Based on test type, the global industrial microbiology market has been segmented into sterility testing, microbial limit detection, bio-burden detection testing, environment testing and others. The sterility testing segment dominated the market during forecast period.
Industrial Microbiology Market by End User
Based on end user, the global industrial microbiology market has been segmented into academic & research institutes, pharmaceutical & biotechnological companies, hospitals & clinical diagnostic centres, others. The pharmaceutical & biotechnological companies dominated the segment during forecast period due to product launch and technological development in the field of industrial microbiology are the factors driving the growth of the segment. Moreover, key players have taken business initiatives by launching new systems, reagents, and products, partnering, expanding, or opening new sites.
Industrial Microbiology Market by Region
Based on product, the global industrial microbiology market has been segmented into North America, Europe, Asia Pacific and Rest of the World. In terms of revenue contribution to the global industry, the North American industrial microbiology market was dominant over other regional markets, helped along by a few favorable variables. Implementation of strict regulatory norms for the quality and efficacy of pharmaceutical and food & beverage products, rising incidences of infectious diseases like COVID-19, increasing use of advanced industrial microbiology techniques in the region's pharmaceutical & biotechnology, food & beverage, and agriculture industries are other attributes.
Industrial Microbiology Market Competitive landscape
Some of the prominent players in the global industrial microbiology market include:
Industrial Microbiology Market Strategic Developments
The Asia Pacific is the key growth region in the global industrial microbiology market during forecast period.
The introduction of new cutting-edge products and rising R&D activity are the prime factors for driving the market.
The global industrial microbiology market is expected to clock US$ 122 billion by 2030.
The global industrial microbiology market is expected to witness a CAGR of 7% during the forecast period.
The prominent players in the global industrial microbiology market include 3M Company, Danaher Corporation, Thermo Fisher Scientific, Eppendorf AG and others.
*Insights on financial performance is subject to availability of information in public domain