Being a branch of applied microbiology, industrial microbiology has a wide range of utilization in industrial processes, from pharmaceutical drugs development and food pathogens testing to vaccines production, industrial fermentation, wastewater and industrial chemical treatment. The microorganisms are majorly used in the manufacturing of food and beverages, drugs, cosmetics, biologics and other industrial products in large quantities. The various kinds of microorganisms can be manipulated, through processes like gene amplification and mutation by the introduction of organisms to mutagens, to increase the yield of the products.
There has been an increase in the preference for consumer products such as OTC drugs, food items and packaged water, which has helped the microbiology market advance ahead. Researchers are showing an increased interest in the new strains organisms and their benefits to the applied products. The industrial microbiology market is evolving at a rapid pace with an increased demand for pathogen testing in food products, increasing automation in products, growing research initiatives in different fields of industrial microbiology and rising number of collaborations among companies. The industrial microbiology industry has become huge as the production of fermented foods and beverages has increased due to the rising demand across the world.
The increased use of generics and OTC drugs by consumers has opened up a number of opportunities for the pharmaceutical and biotechnology companies to develop cost-effective therapies and products to reach a wider consumer base. Several companies have ample opportunities to grow, sustain and generate revenue in this field, with the introduction of genetically modified food products, increased use of microorganisms for syrup formation, empty capsules as well as bioremediation process. In the age of automated products, the microbiology industry is finding utilization in a wide range of processes, from the use of biocides and microbicides for water treatment to rapid sterility testing methods and environmental monitoring, and this utilization is helping in the growth of the market.
The revenue generated by the global microbiology market in 2016 accounted for $2.3 billion, which is a significant growth for the industry. There are varied products available in the market, viz. media, blood and sera, reagents and supplements, rapid detection kits assays, instruments, plastic and glassware and others, among which media accounted for the highest share in the market. The increasing rate of drug development and rising concerns for food and safety has rendered the pharmaceuticals and biotechnology along with food and beverages industry the largest end-users of the industrial microbiology products.
The microbiology market is spread widely across the world, including major countries in the North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). The region of North America is expected to grow at a moderate rate of 5.3% from 2017 to 2025. However, in countries such as Mexico, Brazil, Colombia, and Argentina, among others, in the Latin American region, the market is expected to grow at a CAGR of 7.8% during the same period. In these densely populated countries, the demand for consumer products is rising at a fast pace and this is playing as a major factor for the growth of the market in the region.
BIS Healthcare has conducted an extensive market research on ‘Global Industrial Microbiology Market - Analysis and Forecast (2017-2025)'. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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