Canada Microbiology & Bacterial Culture For Industrial Testing Market Size & Outlook
Canada microbiology & bacterial culture for industrial testing market, 2018-2030 (US$M)
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Canada microbiology & bacterial culture for industrial testing market highlights
- The Canada microbiology & bacterial culture for industrial testing market generated a revenue of USD 231.6 million in 2023 and is expected to reach USD 397.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, media was the largest revenue generating consumable in 2023.
- Media is the most lucrative consumable segment registering the fastest growth during the forecast period.
Microbiology & bacterial culture for industrial testing market data book summary
| Market revenue in 2023 | USD 231.6 million |
| Market revenue in 2030 | USD 397.4 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Media |
| Fastest growing segment | Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Media, Reagents, Sera |
| Key market players worldwide | Bio-Rad Laboratories Inc, New England Biolabs, Thermo Fisher Scientific Inc, Merck KGaA, Neogen Corp, Eiken Chemical Co Ltd, ATCC, Titan International Inc, HiMedia Laboratories, Hardy Diagnostics |
Other key industry trends
- In terms of revenue, Canada accounted for 3.4% of the global microbiology & bacterial culture for industrial testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. microbiology & bacterial culture for industrial testing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 397.4 million by 2030.
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Microbiology & Bacterial Culture For Industrial Testing Market Scope
Microbiology & Bacterial Culture For Industrial Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada microbiology & bacterial culture for industrial testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microbiology & bacterial culture for industrial testing market will help companies and investors design strategic landscapes.
Media was the largest segment with a revenue share of 50.26% in 2023. Horizon Databook has segmented the Canada microbiology & bacterial culture for industrial testing market based on media, reagents, sera covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s market for microbial cell culture is in a significant developmental phase in food, cosmetics, and agriculture industries. Factors such as high need of processed food, improved agricultural material for superior harvest, and growing awareness about probiotic food supplements are likely to boost the market growth.
Bacterial cell cultures lead the market mainly in the food industry as there are many food processing companies using technologically advanced processing materials. Other driving factors are increase in investments by the government for study of effects of microbial culture on various products used on day-to-day basis and improvement of fungal culture in the field of agriculture & food industry.
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Target buyers of Canada microbiology & bacterial culture for industrial testing market databook
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Our clientele includes a mix of microbiology & bacterial culture for industrial testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada microbiology & bacterial culture for industrial testing market, including forecasts for subscribers. This country databook contains high-level insights into Canada microbiology & bacterial culture for industrial testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada microbiology culture market size, by consumable, 2018-2030 (US$M)
Canada Microbiology & Bacterial Culture For Industrial Testing Market Share, 2023 & 2030 (US$M)
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