The Global Industrial Microbiology Market Is Expected To Reach Us$ 20,227.1 Mn By The End Of 2027
Industrial microbiology is a subfield of applied microbiology that deals with the use of microorganisms in industrial processes. It is used in the pharmaceutical, food and beverage, and chemical industries. Industrial microbiology is used in the pharmaceutical industry to mass produce antibiotics and vitamins. Fermentation using yeasts and bacteria is used in the food industry to produce food products such as breads. Over the forecast period, the global industrial microbiology market is expected to grow due to increased development and launch of antibiotics, vitamins, and vaccines. For example, in August 2019, Nabriva Therapeutics received FDA approval for the launch of Xenleta, an antibiotic for the treatment of community-acquired bacterial pneumonia (CABP).
The global industrial microbiology market is estimated to account for US$ 10,816.6 Mn in terms of value in 2018 and is expected to reach US$ 20,227.1 Mn by the end of 2027. Furthermore, increased application of industrial microbiology in agriculture, food and beverage, cosmetics, and pharmaceutical industries will create growth opportunities. Despite the threat of rising anti-microbial drug resistance, particularly in India and China, the use of prescription antibiotics will continue to increase the use of industrial microbiology among generic drug makers. Adoption of advanced technologies in industrial microbiology is causing a shortage of skilled labour trained to use the new techniques. Lack of computation skills, as well as primary respondents from the Industrial Microbiology Market, are also limiting growth.
In industrial microbiology, a variety of microorganisms are used, including laboratory-selected mutants, naturally occurring organisms, and genetically modified organisms (GMOs). Microbiology research and development is increasingly being used in oil and gas companies, the food and beverage industry, and environmental testing laboratories. Furthermore, traditional R&D in the biopharmaceutical industry is increasing due to drug development research, which is aiding in the expansion of the industrial microbiology market. Increased demand for nutraceuticals and other fermented products emphasises the importance of large-scale industrial microbiology application. Such factors contribute to the growth of the industrial market. However, several conflicts have been observed in the market regarding the use of genetically modified organisms in food sources, which are expected to limit the growth of the industrial microbiology market.
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