Industrial Microbiology Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Product (Equipment and Systems, Reaction Consumables, Others); End-User (Food and Beverages, Pharmaceutical Biotechnology, Agricultural, Environmental, Cosmetic and Personal Care, Others); and Region/Country
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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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Industrial Microbiology Market|
|2.2.||Research Methodology of the Industrial Microbiology Market|
|5||IMPACT OF COVID-19 ON THE INDUSTRIAL MICROBIOLOGYMARKET|
|6||GLOBAL INDUSTRIAL MICROBIOLOGY MARKET REVENUE, 2020-2028F|
|7.1.||Equipment and Systems|
|8.1.||Food and Beverages|
|8.5.||Cosmetic and Personal Care|
|9.1||NORTH AMERICA INDUSTRIAL MICROBIOLOGY MARKET|
|9.1.3||Rest of North America|
|9.2||EUROPE INDUSTRIAL MICROBIOLOGY MARKET|
|9.2.6||Rest of Europe|
|9.3||ASIA PACIFIC INDUSTRIAL MICROBIOLOGY MARKET|
|9.3.5||Rest of Asia Pacific|
|9.4||REST OF WORLD INDUSTRIAL MICROBIOLOGY MARKET|
|11||INDUSTRIAL MICROBIOLOGY MARKET OPPORTUNITIES|
|12||INDUSTRIAL MICROBIOLOGY MARKET TRENDS & INSIGHTS|
|13.1||Demand Side Analysis|
|13.2||Supply Side Analysis|
|14||VALUE CHAIN ANALYSIS|
|17.1.1||Porter’s Five forces analysis|
|18.2.||Thermo Fisher Scientific Inc.|
|18.3.||Bio-Rad Laboratories, Inc.|
|18.4.||Becton Dickinson and Company|
Research Methodology for the Global Industrial Microbiology Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global industrial microbiology market were the three major steps undertaken to create and analyze the adoption of industrial microbiology in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global industrial microbiology market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments to the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the industrial microbiology market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the industrial microbiology market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the industrial microbiology market. Further, we conducted factor analysis using dependent and independent variables such as growing requirement for microbial testing and quality assurance in multiple industries, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the industrial microbiology market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global industrial microbiology market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the industrial microbiology market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global industrial microbiology market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global industrial microbiology market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and end-user in the global industrial microbiology market.
The main objective of the Global Industrial microbiology Market Study
The current & future market trends of the global industrial microbiology market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the industrial microbiology market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product and end-user.
- Define and analysis of the regulatory framework for the industrial microbiology market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the industrial microbiology market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the industrial microbiology market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry