Global Industrial Microbiology Market is expected to foresee significant growth. North America leads the growth!
- Vikas Kumar
- January 12, 2023
- HEALTHCARE, NEWS
- Industrial Microbiology Market, Industrial Microbiology Market Analysis, Industrial Microbiology Market Growth, Industrial Microbiology Market Share, Industrial Microbiology Market Size, Industrial Microbiology Market Trend
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Global 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 global industrial microbiology market is growing due to the rise of applications in testing in an organization, gas companies, and the food and beverage industry which boosts the adoption of inorganic growth strategies among key industry players around the globe. For instance, In April 2022, Adaptive Phage Therapeutics (APT) and Venatorx Pharmaceuticals both received funding from the Antimicrobial (AMR) Action Fund. The transactions are the Fund’s first investments, and they represent a significant step toward the Fund’s goal of bringing novel therapies to market for priority pathogens defined by the World Health Organization (WHO) and the United States Centers for Disease Control and Prevention (CDC). Owing to these glaring statistics the demand for industrial microbiology is anticipated to grow in the forthcoming years as the increased risk of contamination and strict government regulation against contamination from microbes, boosted the growth of the industrial microbiology industry. Moreover, increasing drug exports and imports have compelled manufacturers to follow pharmacopoeia fueling the demand for the industrial microbiology market. Furthermore, the advancements in the field of industrial microbiology are expected to drive the market for industrial microbiology market in the coming years.
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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.
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, 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.
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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.
Some of the major players operating in the market include bioMerieux SA; Thermo Fisher Scientific Inc; Bio-Rad Laboratories, Inc.; Becton Dickinson and Company; 3M Co; Eppendorf AG; Merck KGaA; Sartorius AG; Asiagel Corporation; and Qiagen NV.
Global Industrial Microbiology Market Segmentation
Market Insight, by Product
- Equipment and Systems
- Reaction Consumables
- Others
Market Insight, by End-Users
- Food and Beverages
- Pharmaceutical Biotechnology
- Agricultural
- Environmental
- Cosmetic and Personal Care
- Others
Market Insight, by Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Japan
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- 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
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