South Africa Microbiology & Bacterial Culture For Industrial Testing Market Size & Outlook
South Africa microbiology & bacterial culture for industrial testing market, 2018-2030 (US$M)
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South Africa microbiology & bacterial culture for industrial testing market highlights
- The South Africa microbiology & bacterial culture for industrial testing market generated a revenue of USD 36.6 million in 2023 and is expected to reach USD 64.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.4% 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 36.6 million |
| Market revenue in 2030 | USD 64.2 million |
| Growth rate | 8.4% (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, South Africa accounted for 0.5% 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 Middle East & Africa, Saudi Arabia microbiology & bacterial culture for industrial testing market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 64.2 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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South Africa 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 50.55% in 2023. Horizon Databook has segmented the South Africa microbiology & bacterial culture for industrial testing market based on media, reagents, sera covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa has a major share in microbial cell culture in this region owing to increased awareness regarding fermented foods and presence of major companies that manufacture and develop products from cell cultures.
This market is expected to grow at a significant pace as companies like BioGaia are targeting this region to expand their probiotic market. South Africa is also known for the presence of some of the major companies that process and supply biofuels.
However, market growth can be hindered as some studies say that many product manufacturers do not follow stipulated rules and only 55% of food and cosmetics contained the claimed concentrations of microbes and only 11% of drugs contained natural elements, which is a huge contrast to the claims.
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Target buyers of South Africa 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 South Africa microbiology & bacterial culture for industrial testing market, including forecasts for subscribers. This country databook contains high-level insights into South Africa microbiology & bacterial culture for industrial testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa microbiology culture market size, by consumable, 2018-2030 (US$M)
South Africa Microbiology & Bacterial Culture For Industrial Testing Market Share, 2023 & 2030 (US$M)
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