According to the latest report published by Acute Market Reports “Industrial Microbiology Market – Growth, Future Prospects and Competitive Analysis, 2021-2029,” the global Industrial Microbiology Market is expected to expand at a CAGR of 7.5% from 2021 to 2029.
Browse the full report Industrial Microbiology Market: Market Growth, Future Prospects and Competitive Analysis, 2021-2029 at https://www.acutemarketreports.com/report/industrial-microbiology-market-report
Industrial Microbiology market is expected to grow at a CAGR of 7.5% from 2021 to 2029. The current accelerated pace of new food production is due to the rapid incorporation of biotechnological techniques that allow rapid identification of new molecules and microorganisms or even the genetic improvement of known species. The use of bio factories does not end there: microorganisms have been explored for the synthesis of diverse chemicals, fuel molecules, and industrial polymers, and strains environmentally important due to their bio decomposing or biosorption capacity have gained interest in research laboratories and in industrial activities. . The key drivers of microbiology are rise of application in testing organization, gas organization, food and beverage industry. The key application segments include various pharmaceutical, agriculture, environment, gas, cosmetics, food and beverage. Continuous efforts are made by the pharmaceutical and food sector to ensure better health for consumers, through focus and investment in R&D. The pandemic boosted the medical microbiology market as there was increase in the diagnostics and patient testing. Medical microbiology is playing a key role in vaccine research, treatment options, identifying variants of the virus and so on.
Along with use of microbiology in industrial sector it’s also used in food preservation, waste water treatment, purification of water, maintaining water quality, in fermentation of wine, beer & alcohol, treatment of citric acid, edible fungi, algae, citric acid & dairy products. In health industry it is used in production of antibiotics, vitamins & steroids, vaccines and so on. Recently, the application of microorganisms emerged in compounds with pesticides activity, mainly herbicidal, insecticidal, and nematicidal. In chemical industry it is used in obtaining chemicals such as organic acids via microbial activity, this remains as a very promising area of interest. The application of biotechnological techniques in microbiology has also made it possible to obtain a great diversity of biomaterials and biosensors. Biomaterials are artificial or natural products, usually synthesized by microorganisms in different environmental conditions that can act in biological systems.
Geographically, North America dominated the global industrial microbiology market due to the factors such as a large industrial base in the region with modern microbiological and safety methods. Furthermore, the favorable reimbursement scenario and strong investment from the federal government in the U.S. is further assisting the growth of industrial microbiology market in the region. Asia-Pacific emerged as the most attractive region and is expected to grow at the fastest growth rate during the forecast period of 2021-2029. The factors driving the Asia-Pacific market are flourishing industrial outlook with modern amenities and techniques. Furthermore enhanced measures to maintain the safety and quality of the products are further fuelling the market growth apart from intense application in vaccine research for covid 19.
The industrial microbiology market currently possesses large number of companies having their products marketed. The companies have untapped opportunities in the developing regions of Asia Pacific and Latin America. Key market players include Becton Dickinson and Company, BioMerieux, Bio-Rad Laboratories Inc, Thermo Fisher Scientific Inc, Qiagen NV, 3M Company, Agilent Technologies, Danaher Corporation, Eppendorf AG, Sigma Aldrich. The key strategies include technological innovation and mergers and acquisition.
Key Market Movements:
- Industrial Microbiology Market is developing significantly with an expected CAGR of 7.5% from 2021 – 2029.
- Advances in technological processes are the key growth factor.
- Emerging technological advancement with respect to laboratory testing has expanded the demand in North America.
- The key applications are food industry, medical & health care centers, Agriculture industry & Chemical industry.
- It has been observed that the Fermentation technique in food industry dominates the market.
- The impact of Covid-19 impacted boosted the market revenues
North America gained the largest share.
- Key market players include Becton Dickinson and Company, Bio Merieux, Bio-Rad Laboratories Inc, Thermo Fisher Scientific Inc, Qiagen NV, 3M Company, Agilent Technologies, Danaher Corporation, Eppendorf AG, Sigma Aldrich.
- The key strategies include technological innovation and mergers & acquisition.
|Segmentation||By Product Segment (2019-2029; US$ Mn)|
|By Application Area (2019-2029; US$ Mn)|
|By Region (2019-2029; US$ Mn)|
|Global Impact of Covid-19 Segment (2020-2021; US$ Mn)|
*Detailed Segmentation is available on the report page
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