Microbial Culture Market Share

North American Market Forecast

The North America industry is anticipated to hold largest revenue share of 30% by 2037. The growth of the market can be attributed majorly to the 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 culture media 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, thereby leveraging the growth of the global microbial culture market.

APAC Market Statistics

The Asia Pacific microbial culture market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the 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 further expected to influence the market growth positively over the forecast period. For instance, it was anticipated that by 2050, there will be approximately 600 million people aged 60 years or above.

Europe Market Forecast

The European microbial culture market, amongst the market in all the other regions, is projected to hold a notable share during the forecast period. The growth of the market in the region can be ascribed to the higher prevalence of infectious diseases that requires immediate treatment. Furthermore, higher demand for microbial culture for food and water testing is also anticipated to flourish the growth of the market over the forecast period.