Global Industrial Microbiology Market Projections to 2024 - Increasing R&D Expenditure & Innovation - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 13, 2019--The “Industrial Microbiology Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
Several microorganisms are used in industrial microbiology, including laboratory-selected mutants, naturally occurring organisms, and genetically modified organisms (GMOs). Microbiology research and development is finding increasing application in oil and gas organizations, the food and beverage industry, and environmental testing organizations.
In addition, the traditional R&D in the biopharmaceutical industry is witnessing an upsurge, due to drug development research, which is helping in the augmentation of the industrial microbiology market.
Increased demand for nutraceuticals and other fermented products further drives the importance of industrial application of microbiology on a large scale. Such factors are helpful to drive the industrial market.
However, in the market, there are several conflicts observed regarding the usage of genetically modified organisms in food sources, which are expected to restrict the growth of the industrial microbiology market.
The Food & Beverage Industry is Expected to Maintain the Largest Share
The microbes in this industry are used in various processes, including fermentation testing and microbes in food (probiotics and prebiotics). Microbes also play an important role in the testing of food. In fermentation, these microbes are used for the stabilization and transformation of food materials.
There are a large number of microbiological applications, in terms of different food and beverage preparations, globally. Several food and beverage and pharmaceuticals companies have invested in recent years to promote better health. All these factors have increased the use of microbes in fermentation, and thus, helped the growth of the microbiology market.
North America Has the Major Share
The US industrial microbiology market is expected to be boosted, due to the rapid growth in various industries, like food and beverage, pharmaceutical, agricultural, environmental, and cosmetic. In Canada, as per the Canadian Society of Microbiologists, the applied and environmental microbiology researchers are engaged in various microbiological activities.
A large number of applications supported by several companies’ investments, infrastructure development, and growing support from the United States Food and Drugs Administration (US FDA) and Canada Health are the major factors for the growth of the market. Mexico is also dependent on several items imports, especially from the US and Canada. This increases the demand and productions from the industrial microbiology industry in this region.
There are several companies in this market across different geographical locations, which support different industries to grow at the domestic and international level.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Preference for Nutraceuticals and Other Fermented Products
4.2.2 Increasing R&D Expenditure and Increasing Innovation
4.2.3 Rising Concern for Food Safety
4.3 Market Restraints
4.3.1 Conflicts Regarding Usage of Genetically Modified Organisms in Food Sources
4.3.2 Side-effects Associated with Fermented Food and Beverage Products
4.3.3 Increasing Product Recalls
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Equipment and Systems
5.2 By Application Area
5.2.1 Food and Beverage Industry
5.2.2 Pharmaceutical Biotechnology Industry
5.2.3 Agricultural Industry
5.2.4 Environmental Industry
5.2.5 Cosmetic Industry or Personal Care Industry
5.2.6 Other Application Areas
5.3.1 North America
5.3.4 Middle East & Africa
5.3.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 Agilent Technologies
6.1.3 Becton Dickinson and Company
6.1.4 bioMerieux S.A.
6.1.5 Bio-Rad Laboratories Inc.
6.1.6 Danaher Corporation
6.1.7 Eppendorf AG
6.1.8 Qiagen N.V.
6.1.9 Sigma Aldrich (Merck KGaA)
6.1.10 Thermo Fisher Scientific Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ij4gam
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INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY
SOURCE: Research and Markets
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PUB: 05/13/2019 07:40 AM/DISC: 05/13/2019 07:40 AM