South Africa Cell Culture Media Market Size & Outlook
South Africa cell culture media market, 2018-2030 (US$M)
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South Africa cell culture media market highlights
- The South Africa cell culture media market generated a revenue of USD 21.7 million in 2023 and is expected to reach USD 46.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, serum-free media was the largest revenue generating product in 2023.
- Serum-free Media is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture media market data book summary
| Market revenue in 2023 | USD 21.7 million |
| Market revenue in 2030 | USD 46.6 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum-free Media, Classical Media, Stem Cell Culture Media, Chemically Defined Media, Specialty Media, Other Cell Culture Media |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corp, Lonza Group Ltd, BD, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global cell culture media market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cell culture media market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 36.9 million by 2030.
Serum-free media was the largest segment with a revenue share of 33.18% in 2023. Horizon Databook has segmented the South Africa cell culture media market based on serum-free media, classical media, stem cell culture media, chemically defined media, specialty media, other cell culture media covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, presence of organizations, such as Centre for Proteomic and Genomic Research (CPGR), is enabling availability of cell culture-based screening for a faster drug development process, which creates a demand for cell culture media. Moreover, increased interest by global players in setting up manufacturing units for vaccines in the country is expected to contribute to market growth.
For instance, in September 2021, Numolux Group and Sinovac Biotech entered into a discussion for the development of a new manufacturing facility for vaccines in South Africa for various diseases. This is anticipated to generate demand for cell culture media products in the market in the coming years.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa cell culture media market size, by product, 2018-2030 (US$M)
South Africa Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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