Industrial Microbiology Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Industrial Microbiology Market Report Overview:

Industrial microbiology is a branch of biotechnology, which applies microbial sciences to create industrial products in mass quantities, often using microbial cell factories. There are multiple ways to manipulate a microorganism to increase maximum product yields. It has various applications in forestry, cosmetics, foods & beverages, and pharmaceutical industries. Since the market for consumer goods is on the rise with growth in worldwide population, the need for product quality and safety testing is also on the rise. Industrial microbiology is concerned with screening, improvement, and maintenance of microorganisms for manufacturing of different end-use items. The industrial microbiology market mainly includes equipment and systems, filtration pumps & devices, microbial detection systems, air control systems, incubators & culture tools, and others. Others include autoclaves, auto-destruct syringes, centrifugal engines, vacuum pumps, and thermal cyclers. The global industrial microbiology industry is led by rise in product recalls and growth in customer concerns. Industrial microorganisms can be used for the formulation of syrups, bioremediation, preparation of genetically engineered food products, and production of empty capsules.

COVID-19 scenario analysis:

The COVID-19 pandemic has influenced demand for industrial microbiology greatly. Various sectors have faced problems in production and supply chain, such as timely distribution of goods to end customers and inconsistent demand for products and services in the industry. The industrial microbiology market has also been affected get moderately by the crisis, owing shortage of diagnostic experiments due to restricted activities in health care private sectors, Moreover, there is insufficient support for research and academics due to temporary closure of major academic institutes and fragmented supply chain, and difficulties in supplying essential/post-sales facilities due to lockdown. This has led to a reduced supply of industrial microbiology products in research institutes, healthcare sector, and food & beverages industry. However, in increase in demand for kits and equipment for various tests for diagnosis have led to an increased supply of industrial microbiology products, which positively impacts growth of the industry.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis:

Increase in production and launch of antibiotics, vitamins, and vaccines increases growth of the market. Moreover, rise in use of industrial microbiology in processing of empty capsules is also expected to propel the market growth. However, it is anticipated that high costs involved in the management of aseptic process and manufacture of sterile products would inhibit development of the global industrial microbiology market.

Surge in number of mergers and acquisitions to propel the market :

Increase in number of mergers and acquisitions is anticipated to help the industry boost in the coming years. For instance, in November 2019, Qualicaps, Inc. presented its products and service offerings for hard-capsule dosage form at the CPHI Worldwide 2019 conference.

In June 2019, Hygiena, a provider of rapid microbial detection, monitoring, and identification solutions, launched new EnSureTouch Monitoring System – a next-generation monitoring system that collects, analyzes, and reports data from multiple quality tests.

 Key benefit of the report:

• This report provides a detailed quantitative analysis of the current industrial microbiology market trends and its forecast estimations, which assists to identify prevailing opportunities in the market.
• An in-depth industrial microbiology market analysis includes analysis of various regions anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
• A comprehensive analysis of factors that drive and restrain growth of the global industrial microbiology market is provided.
• The projections in this report are made by analyzing the current industrial microbiology market trends and future market potential, in terms of value.
• An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.

Questions answered in the industrial microbiology market.

• Which are the leading market players active in the industrial microbiology market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the industrial microbiology market?
• What are the projections for the future that would help in taking further strategic steps?

 Industrial Microbiology Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights