Industrial Microbiology Market: Current Analysis and Forecast (2022-2028)

The industrial microbiology market is expected to register a CAGR of approx. 6% over the period of 2022-2028. In the field of industrial microbiology, which is a subset of biotechnology, microbial sciences are used to manufacture industrial goods in large quantities, frequently using microbial cell factories. There are numerous ways to manipulate a microorganism in order to maximize product yields. It has a wide range of applications in forestry, cosmetics, food and beverage, and pharmaceutical industries. The need for product quality and safety testing is growing along with the market for consumer goods as the global population expands. Industrial microbiology focuses on selecting, enhancing, and maintaining microorganisms for use in the production of various end products. The growing demand for industrial microbiology can be attributed to the growing requirement for microbial testing and quality assurance in multiple industries which boosts the adoption of organic growth strategies among key industry players around the globe. For instance, in June 2022, Merck India announced the establishment of a Microbiology Application Training Lab (MAT Lab) in Bangalore, for academic and industrial purposes. The Lab encourages biopharma and pharma players to collaborate with Merck to develop capabilities in the analysis of microbial. Owing to the glaring statistics due to the increasing attention to quality standards for products in industries help to boost the industrial microbiology market across the globe and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the industrial microbiology market is anticipated to grow on account of the rise in the use of industrial microbiology in the processing of empty capsules. In addition, the growing demand for fermentation products and nutraceuticals drives the market growth. However, some of the restraints in the market including the longer incubation and product release times, high maintenance costs associated with maintaining the aseptic process, and production of sterile goods are impeding the growth of this market all over the world.

bioMerieux SA; Thermo Fisher Scientific Inc; Bio-Rad Laboratories, Inc.; Becton Dickinson and Company; 3M Co; Eppendorf AG; Merck KGaA; Sartorius AG; Asiagel Corporation; Qiagen NV are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst product, the reaction consumables category is expected to hold significant share during the forecast period"

Based on the product, the industrial microbiology market is segmented into equipment and systems, reaction consumables, and others. The reaction consumables segment accounted for a significant market share in 2020, and it is estimated that it will grow rapidly during the projected timeframe. Consumables for industrial microbiology testing are not interchangeable and must be used on a regular basis. The supply chain was further disrupted during COVID-19 due to the segment's unprecedented demand. As a result, various regions encouraged players to increase domestic production of consumables in order to reduce reliance on imports. Increased consumables production in the emerging market is expected to boost the segment's competitiveness in industrial microbiology testing.

"Amongst end-user, the pharmaceutical biotechnology category is expected to hold considerable share during the forecast period"

Based on the end-user, the market is fragmented into food and beverages, pharmaceutical biotechnology, agricultural, environmental, cosmetic and personal care, and others. The pharmaceutical biotechnology segment grabbed a considerable market share in 2020, and it is expected to grow at a significant CAGR during the forecast period. Quality must be maintained throughout the manufacturing process in the pharmaceutical and biotechnology industries. These standards are upheld through a variety of means, one of which is the environmental monitoring process, which determines the quality and sterility of the controlled production environment

"North America to witness significant growth during the forecast period"

For a better understanding of the market adoption of industrial microbiology, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the industrial microbiology industry owing to the well-established companies from industries such as pharmaceutical and biotechnology, and food and beverages and significant investment by the pharmaceutical, biotechnology, and food industry in the research and development of new products, along with growing demand for nutraceuticals and fermented products in the region and increasing product launches in the region.

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Deep dive regional level analysis of the industry.

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