Growth Drivers
Increasing Demand for Microbial Culture from Food to Drive the Global Market - Food and water are the easiest and the most common method of pathogen transmission. Concerns for food safety have witnessed a rise owing to the growing incidences of food poisoning over the years. With strict government regulations and guidelines about food safety and preservation coupled with the rising number of eatable manufacturing and processing entities, the microbial culture market is expected to witness lucrative growth in the global market over the forecast period. For instance, it was estimated that around 2 billion metric tons of food were consumed across the globe in 2021.
Rising Demand for Microbial Culture in Water Testing Industries – there is a higher demand for microbial culture for wastewater treatment to prevent decomposition. It is used to decrease BOD, COD, and SS concentrations. For instance, in 2020, it was projected that more than 55% of the wastewater flown from household settings was treated safely globally.
Rising Occurrences of Infectious Diseases - The growing cases of infections, diseases, pandemics, and the need to identify the organism causing the disease combined with the ongoing research and development in the healthcare sector are some of the factors anticipated to drive the growth of the global microbiological culture market over the coming years. Additionally, the technological advancements in ‘starter cultures’ will play an imperative role in widening the applications of microbial culture during the forecast period. For instance, in 2021, nearly 15 thousand people died on account of infectious diseases in Japan alone.
Growing Demand for Antibiotics – a microbial culture is used to identify any sort of germs or fungus in antibiotics to prevent any kind of infection. Based on the data released by World Health Organization (WHO), it was stated that antimicrobial resistance will put nearly 24 million people into poverty by 2030.
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.2% |
Base Year Market Size (2024) |
USD 2 billion |
Forecast Year Market Size (2037) |
USD 3.87 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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