Home / News / Global Industrial Microbiology Market Is Expected To Reach Worth US$ 16.3 Bn By 2025 – Credence Research – Press Release
Global Industrial Microbiology Market Is Expected To Reach Worth US$ 16.3 Bn By 2025 – Credence Research – Press Release
Credenceresearch.com has announced the addition of “Global Industrial Microbiology Market Is Expected To Reach Worth US$ 16.3 Bn By 2025 – Credence Research” Market Research Report to their Database.
According to the latest report published by Credence Research, Inc. “Industrial Microbiology Market – (Product Type – Equipment & System, Reaction Consumable and Laboratory Supplies; Test Type – Sterility Test, Microbial Limiting Tests, Bio-Burden Testing and Others; End-User – Pharmaceutical & Biotechnology, Food & Beverages, Agriculture & Environment, Personal Care and Others); Market Growth, Future Prospects and Competitive Analysis, 2017-2025” the market was valued at US$ 8.9 Bn in 2016, and is expected to reach US$ 16.3 Bn by 2025, expanding at a CAGR of 6.9% from 2017 to 2025.
Industrial microbiology refers to screening of microorganisms for production of pharmaceuticals, food and beverage, personal care products and other applications. Industries worldwide perform billions of tests every year thus representing substantial market potential. Moreover, ever growing demand for consumer products, increasing demand for developing high quality products, establishment of international production standards and safety requirements have urged the demand for novel microbiology testing solutions. On the basis of products, global industrial microbiology market is broadly segmented into equipment and systems, reaction consumables and laboratory supplies. It is observed that reaction consumables is major revenue contributing segment and it is anticipated that it will show sluggish growth during forecast period. Growing safety concern in…