Future Applications in $3Bn Industrial Microbiology Market

Future Applications in $3Bn Industrial Microbiology Market

Provided by BIS Research

The study of microbes such as bacteria, viruses, fungi, algae, prions, and protozoa, has led to a number of discoveries in medical science, proving a lifesaver for billions of people. The importance of microbiology has expanded beyond medical science, reaching food industry and helping in food safety and preservation.

Microbiology manipulates the microorganisms to produce the desired result in mass quantities, increasing the maximum yield of the product. There are different methods which are utilized to introduce mutation in an organism, by introducing them to mutagens and by gene amplification, using and vectors.

Methods in Microbiology

This manipulation of organisms to attain a specific product has many applications in a number of fields, including the production of antibiotics, vitamins, enzymes, amino acids, solvents, alcohol and dairy products. The application of industrial microbiology in the medical sciences includes the production of synthesized drugs from a specific microorganism. Penicillin, enzymes, and vitamins are produced in massive quantities through the process of deep-tank fermentation.

The food industry applies a different kind of fermentation, wherein the sugar is converted into a gas, alcohols or acids. Microorganisms such as yeast and bacteria are majorly used in the food industry to produce numerous products, from alcoholic beverages to dairy products like cheese and yogurt.

Industrial Microbiology’s Varied Application

Industrial microbiology has been utilized in industrial processes like pharmaceutical drugs development, food pathogen testing, vaccines production, industrial fermentation, waste water and industrial chemical treatment, using processes such as screening, improvement, management, and exploitation of microorganisms for production.

The outcome of desirable products generates an economic gain or prevents economic loss. Various products such as immunomodulating compounds, monoclonal antibodies, and complex plant metabolites can be produced using microorganisms like bacteria, yeast as well as animal and plant cell culture.

Future of Industrial Microbiology Market

The application of industrial microbiology has now expanded beyond food industry and medicinal use, including therapeutics, diagnostics, environmental protection, mineral recovery, medicine, and agriculture. According to the latest market research report by BIS Research, the global industrial microbiology market generated a revenue of $2.3 billion in the year 2016 and is expected to cross $3 billion by 2025.

The use of generics and OTC drugs by consumers is increasing, providing an excellent opportunity for pharmaceutical and biotechnology companies to develop cost-effective therapies. The future of the market also forecasts promising opportunities due to the increase in the usage of microorganisms for syrup formulations, genetically modified food products, empty capsules as well as bioremediation process.

Geographical Market Trends

The market trend expands all over the world, covering major regions - North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). Latin America is expected to grow at the highest CAGR of 7.8% from 2017 to 2025, with countries such as Mexico, Brazil, Colombia, and Argentina, among others, contributing a major share to the market. The factors contributing to the highest growth of this region are the rising emphasis on industrial food and safety and rising demand for consumer products. North America follows Latin America, growing at a CAGR of 5.3% from 2017 to 2025.

Strategies of Market Players

The various application of this market, viz. food, environmental & waste management, biopharmaceutical, cosmetic and others, are contributing to the robust growth of the market. Among these, food segment acquired the highest market value in 2016 and is expected to grow at a CAGR of 5.6% from 2017 to 2025.

However, the highest market share will be registered by environmental & waste management segment, which is poised to grow at a CAGR of 7% during the forecast period. The global industrial microbiology market offers a pool of opportunity for the market players to acquire hegemony in the untapped market by means of collaboration and strategic partnerships.

Some of the key players in the market are:

  • 3M
  • Merck KGaA
  • Sartorius AG
  • bioMérieux SA
  • Bio-Rad Laboratories Inc.
  • Thermo Fisher Scientific Inc
  • Becton Dickinson and Company
  • QIAGEN
  • Eppendorf AG
  • Danaher Corporation
  • Axon Lab AG
  • Bruker Corporation

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Published by Research and Markets

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