Market Research Reports

Global industrial microbiology market to witness exponential growth from 2017 to 2025

Industrial microbiology is an extended branch of applied microbiology which has gained traction at a rapid rate in the last few years. Its application in industrial processes has widened including processes such as pharmaceutical drugs development, food pathogen testing, vaccines production, industrial fermentation, wastewater and industrial chemical treatment. Industrial microbiology includes the use of microorganisms to manufacture food items, beverages, drugs, cosmetics, biologics and other industrial products in large quantities.

 The increasing awareness and significance of industrial food and safety have escalated the demand for industrial microbiological products. Researchers are continuously working towards the utilization of new strains of microorganisms. Furthermore, consumer products such as OTC drugs, food items, and packaged water have gained preference among the consumers, which is driving the growth of the market along with the increasing automation in products, growing research initiatives in different fields and rising number of collaborations among companies.

The industrial microbiology market is providing ample opportunities to a number players in the market to grow, sustain, and generate revenue in this field of microbiology.

Factors in industrial microbiology market such as the growing use of generics and OTC drugs by consumers, increase in usage of microorganisms for syrup formulations, genetically modified food products, empty capsules as well as bioremediation process, are providing excellent opportunities for pharmaceutical and biotechnology companies to develop cost-effective therapies. Moreover, the use of biocides and microbicides for water treatment, environmental monitoring, and rapid sterility testing methods, among others, are driving the overall growth of the market.

According to the latest research report by BIS Healthcare, the global market for industrial microbiology accounted for $2.3 billion revenue in 2016 and will grow at a robust CAGR from 2017 to 2025. The market has several product type, viz. media, blood and sera, reagents and supplements, rapid detection kits assays, instruments, plastic and glassware and others. Among these product types, media has the largest share in the market. According to the analyst at BIS Research, “among the end-use industries, pharmaceuticals and biotechnology, as well as food and beverages industry, contribute the largest share in the market, owing to the increasing drug development, growing demand for pathogen testing in food products and increase in the significance of industrial food and safety.”

The market is divided geographically, mainly into North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). Latin America is expected to at the highest CAGR of 7.8% during the period from 2017 to 2025. Whereas, North America is expected to grow at a CAGR of 5.3% from 2017 to 2025. The various applications of industrial microbiology are food, environmental & waste management, biopharmaceutical, cosmetic and others. The food segment acquired the highest market value and is expected to grow at a CAGR of 5.6% from 2017 2025. However, environmental and waste management is growing at the highest CAGR of 7% from 2017 to 2025. The market growth in these segments are driven by the increase in drug development, emergence of rapid microbiology testing methods, beneficial patient and reimbursement policy, the rise in demand for automated products as well as growing use of OTC and generic drugs.

The industrial microbiology is witnessing an increasing trend of collaboration and strategic partnerships among pharmaceutical and biotechnology companies and use of rapid microbial sterility testing methods for detection of microorganisms and pathogens from various samples of pharmaceuticals, cosmetics, vaccines, foods, and biologics. However, some of the factors such as strict regulatory and testing requirements of products, samples, reagents, and equipment are restraining the growth of the market. The driving factors as well as opportunities in industrial microbiology market is providing an edge to the key players such as 3M, Merck KGaA, Sartorius AG, bioMérieux SA, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc, Becton Dickinson and Company, QIAGEN, Eppendorf AG, and Danaher Corporation, Axon Lab AG, and BrukerCorporation, among others to capture large market share, compete, develop new tests and products in the growing market of industrial microbiology.

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