PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211740
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211740
Industrial Microbiology Market size was valued at USD 11,805.3 Million in 2022, expanding at a CAGR of 7.0% from 2023 to 2030.
Microbial biotechnology, often known as industrial microbiology, is the process of modifying microorganisms for the benefit of the environment, society, and businesses. Naturally occurring organisms, laboratory-selected mutants, and genetically engineered organisms are among the microorganisms utilized to manufacture large-scale industrial goods (GMOs). Industrial microbiology helps replace fossil fuels, non-biodegradable polymers, and extremely polluting chemical processes with biocompatible substitutes since it is based on renewable resources.
Industrial Microbiology Market- Market Dynamics
One of the main aspects supporting the market's growth is the thriving pharmaceutical industry. Using industrial microbiology, antibiotics, vaccines, and steroids may be developed. Additionally, it helps to preserve the general quality of medicines, injectables, eye drops, nasal sprays, and inhalation treatments and guards against microbiological contamination. This is helping the industry expand along with the increased need for antibiotics. Additionally, the need for affordable and environmentally acceptable oil recovery technology is being sparked by the world's diminishing oil supplies and rising energy needs. In addition, industrial microbiology has a wide range of uses in the global oil and gas sector since it does not require significant energy inputs and is unaffected by crude oil prices. Additionally, it is used more frequently in the food and beverage (F&B) sector to create fermented food items and turn commercial food waste into goods with value-added. A positive market outlook is being produced by this, together with technological developments to increase production, enhance organoleptic features, and ascribe new nutritional functions to certain foods. The market is also being driven by the growing use of microbiology in the global cosmetics and personal care sector.
Industrial Microbiology Market- Segmentation Analysis:
Based on the product, the revenue-generating industrial microbiology segments with the biggest market share in 2022 are reaction consumables. Industrial microbiology testing supplies cannot be substituted and must be used regularly. The supply chain was further disrupted by the segment's extraordinary demand during COVID-19. As a result, different areas pushed the participants to produce more commodities domestically to cut back on their dependency on imports. The segment in industrial microbiology testing is expected to become more competitive as a result of rising consumable output in the growing market.
Based on the test, sterility testing is expected to dominate the market during the forecast period. It is projected that the development of industrial microbiology will be aided by the growing significance of sterility testing in the production of biopharmaceuticals. The sterility test is used on medical items, medications, and preparations to be sterile and assure compliance with the rules, according to the Indian Pharmacopeia, British Pharmacopeia, and United States Pharmacopeia. Apart from that, the sterility test must be passed by all parts and raw materials used to make drugs. As a result, the utilization of sterility testing in pharmaceutical and biopharmaceutical applications is directly correlated with the volume of drug manufacture.
Industrial Microbiology Market- Geographical Insights
North America is expected to dominate the market during the forecast period. The expansion of this region is due to the expansion of the industrial microbiology market in the United States, which is attributable to the region's fast growth in a variety of industries, including the food and beverage, pharmaceutical, agricultural, environmental, and cosmetics sectors. In the food sector, monosodium glutamate is widely used as a flavoring ingredient. The Industrial Microbiology Market in North America is expanding as a result of the rising number of applications supported by various investments, infrastructural improvements, and increasing support from the U.S. Food and Drugs Administration (U.S. FDA) and Canada Health. On the other hand, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. The increased demand for industrial microbiology in the Asia-Pacific area is one reason for this trend. Monosodium glutamate's widespread use as a flavoring ingredient in the food industry, exploding R&D efforts in the pharmaceutical business, as well as drug development processes, are all contributing to the growth of the industrial microbiology market in the Asia-Pacific region.
Industrial Microbiology Market- Recent Development:
In April 2022, RapiScreen Beverage Kit, a brand-new ultra-quick microbiological screening kit from Hygiena, offers high-performance testing for low pH drinks utilizing Innovate System. After a brief incubation time, the kit offers quality control results in less than 30 minutes, enabling firms to quickly validate product quality for release to market.
Key features of the study:
This proposed research study on the Industrial Microbiology market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for ` the Industrial Microbiology market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the Industrial Microbiology market
The impact of COVID-19 on the Industrial Microbiology market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Industrial Microbiology market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Industrial Microbiology market, we have also included a competitive landscape and key innovator analysis for the Industrial Microbiology market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Industrial Microbiology market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Industrial Microbiology market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL INDUSTRIAL MICROBIOLOGY MARKET KEY PLAYERS
Agilent Technologies
BD
3M
BioMerieux SA.
Bio-Rad Laboratories Inc.
Danaher
Eppendorf AG
Qiagen NV
Merck KGaA
Thermo Fisher Scientific Inc.
Sartorius AG
Asiagel Corporation
GLOBAL INDUSTRIAL MICROBIOLOGY MARKET, BY PRODUCT
Equipment and Systems
Reaction Consumables
Laboratory Supplies
GLOBAL INDUSTRIAL MICROBIOLOGY MARKET, BY TEST
Sterility Testing
Microbial Limits Testing
Bio-burden Testing
Water and Environmental Testing
GLOBAL INDUSTRIAL MICROBIOLOGY MARKET, BY END USE
Food and Beverages
Pharmaceutical Biotechnology
Agricultural
Environmental
Cosmetic and Personal Care
Others
GLOBAL INDUSTRIAL MICROBIOLOGY MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA