Latin America Microbiology & Bacterial Culture For Industrial Testing Market Size & Outlook
Latin America microbiology & bacterial culture for industrial testing market, 2018-2030 (US$M)
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Latin America microbiology & bacterial culture for industrial testing market highlights
- The Latin America microbiology & bacterial culture for industrial testing market generated a revenue of USD 287.7 million in 2023.
- The market is expected to grow at a CAGR of 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 287.7 million |
| Market revenue in 2030 | USD 460.8 million |
| Growth rate | 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, Latin America region accounted for 4.3% 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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Latin America 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 49.5% in 2023. Horizon Databook has segmented the Latin America microbiology & bacterial culture for industrial testing market based on media, reagents, sera covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America being one of the rapidly developing regions is expected to grow at a significant pace making itself a prominent region for many companies in terms of investments and market set up.
Many argue that Latin America lags on the regulating front when it comes to food and supplements as there are no set rules for the regulation of production and supply of health supplements, although there are rules for the manufacture and sale of cosmetic products.
Cosmetics made using microbial cell culture are expected to meet the standards set by drug committee. Countries like Brazil, Mexico, and Columbia are anticipated to grab a major share in the Latin American market owing to the investments from multinational companies and government agencies for production of biofuels and processed foods to meet the demand.
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Target buyers of Latin America 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 Latin America microbiology & bacterial culture for industrial testing market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America microbiology & bacterial culture for industrial testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America microbiology culture market size, by country, 2018-2030 (US$M)
Latin America Microbiology & Bacterial Culture For Industrial Testing Market Share, 2023 & 2030 (US$M)
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