The increasing concern for food safety and the growing demand for fermentation products and nutraceuticals is driving the demand for the industrial microbiology market.
Vancouver, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The Global Industrial Microbiology Market is forecast to be worth USD 17.71 Billion by 2027, according to the current analysis by Emergen Research. Over the forecast period, the global market for Industrial Microbiology is likely to grow substantially due to the increasing concern for food safety. The growing demand for fermentation products and nutraceuticals is anticipated to further drive the market growth through the analysis period. The rising research & development activities in the biopharmaceutical sector are projected to augment market growth shortly.
However, it is expected that more prolonged incubation and product release time will hinder market growth over the projected timeline.
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Key Highlights From The Report
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Through the forecast timeline, the Equipment & Systems segment is expected to experience substantial expansion due to the rise in government initiatives for the safer use of microbiology and also for quality assurance of products.
It is anticipated that the Microbial Limit Testing segment will experience significant market growth with a CAGR of 6.8%. This method is required to evaluate the amount and number of such active microorganisms present in specimens of non-sterile drugs, medicines, or beauty products, spanning from raw materials to finished products.
During the forecast timeframe, the food & beverage segment is anticipated to see substantial expansion. Microbiology, which involves the use of microorganisms in manufacturing processes, such as food processing, is beneficial in the food and beverage industry.
Over the forecast timeline, the Asia Pacific market is expected to rise steadily. Market growth is anticipated to be boosted by increasing medical tourism in this region. Besides, the availability of cost-effective skilled labor and new industrial technologies are also expected to drive the market growth.
Key participants include 3M Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Eppendorf AG, Bio-Rad Laboratories Inc., Becton Dickinson and Company, Merck KGaA, Sartorius AG, Novamed Ltd, and BioMérieux SA, among others.
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Emergen Research has segmented the Global Industrial Microbiology Market on the basis of product, type, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Equipment & Systems
Type Outlook (Revenue, USD Billion; 2017-2027)
Microbial Limit Testing
Water & Environmental Testing
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Food & Beverage
Pharmaceuticals & Biotechnology
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Regional Outlook (Revenue, USD Billion; 2017-2027)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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