China Microbiology & Bacterial Culture For Industrial Testing Market Size & Outlook
China microbiology & bacterial culture for industrial testing market, 2018-2030 (US$M)
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China microbiology & bacterial culture for industrial testing market highlights
- The China microbiology & bacterial culture for industrial testing market generated a revenue of USD 267.0 million in 2023 and is expected to reach USD 627.2 million by 2030.
- The China market is expected to grow at a CAGR of 13% 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 267.0 million |
| Market revenue in 2030 | USD 627.2 million |
| Growth rate | 13% (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, China accounted for 4.0% 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 Asia Pacific, Japan microbiology & bacterial culture for industrial testing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 627.2 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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China 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 48.84% in 2023. Horizon Databook has segmented the China microbiology & bacterial culture for industrial testing market based on media, reagents, sera covering the revenue growth of each sub-segment from 2018 to 2030.
China, being one of the most populous countries, has huge demand for better food, cosmetics and sustainable fuel. Studies show that there is a significant increase in the volume of fermented food consumed in the last 5 years owing to the advantages of the fermented food over normal food, as probiotics are known for improving the health in many ways.
Other significantly growing industries are cosmetics and biofuel, mainly propelled by the increasing investments by many multinational and local companies along with government agencies, using natural supplements for sustainable fuel. The market is also aided by increased supply of probiotics by local players, which adds value to the market by higher penetration and reach.
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Target buyers of China 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 China microbiology & bacterial culture for industrial testing market, including forecasts for subscribers. This country databook contains high-level insights into China microbiology & bacterial culture for industrial testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China microbiology culture market size, by consumable, 2018-2030 (US$M)
China Microbiology & Bacterial Culture For Industrial Testing Market Share, 2023 & 2030 (US$M)
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