Europe Microbiology & Bacterial Culture For Industrial Testing Market Size & Outlook
Europe microbiology & bacterial culture for industrial testing market, 2018-2030 (US$M)
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Europe microbiology & bacterial culture for industrial testing market highlights
- The Europe microbiology & bacterial culture for industrial testing market generated a revenue of USD 2,062.1 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,062.1 million |
| Market revenue in 2030 | USD 3,250.1 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Media |
| Fastest growing segment | Media |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 30.6% of the global microbiology & bacterial culture for industrial testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,015.1 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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Europe 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 51.69% in 2023. Horizon Databook has segmented the Europe microbiology & bacterial culture for industrial testing market based on media, reagents, sera covering the revenue growth of each sub-segment from 2018 to 2030.
Europe’s market for microbial cell culture is well in progress owing to the free trade in the European Union and lenient regulations for quality and usage of microbial cultures as additives in food and cosmetic processing industries.
As of now, there is no specific legal regulation on the usage of microbial cultures in food in Europe. However, the material supplied must be at par with the legal requirements of food and feed code to imply their safety upon consumption, and the distributors are solely responsible for maintaining these standards.
However, a compulsory safety assessment for the usage of novel microbes is required for processing. The abovementioned factors and favorable trade patterns all over the European Union along with increasing investments by many companies for improvement of microbial cell cultures are expected to boost the market growth in the forecast years.
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Target buyers of Europe 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 continent-level data and insights on the Europe microbiology & bacterial culture for industrial testing market, including forecasts for subscribers. This continent databook contains high-level insights into Europe microbiology & bacterial culture for industrial testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe microbiology culture market size, by country, 2018-2030 (US$M)
Europe Microbiology & Bacterial Culture For Industrial Testing Market Share, 2023 & 2030 (US$M)
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