Microbial Culture Market Regional Analysis:
North American Market Forecast
The North America industry is anticipated to hold 30% revenue share by 2035. The market growth is impelled by rising number of research activities in the medical field owing to the high prevalence of diseases in the region. This, coupled with the increase in microbial testing in the food & beverage industry has enhanced the growth of the microbial culture market. For instance, the sales volume of e-commerce food and beverage was estimated to be around USD 100 billion in the United States in 2021. Additionally, the acquisition of the new private companies by key players enables them to further penetrate the market.
APAC Market Insights
The Asia Pacific microbial culture market is poised to register substantial CAGR during the forecast period, led by rising food safety measures, increasing demand for antibiotics, and excessive increase in healthcare facilities in the region. Furthermore, growth in the population with a higher number of geriatrics in the region is expected to influence the market growth positively. For instance, it was anticipated that by 2050, there will be approximately 600 million people aged 60 years or above.
