Skip to main content

Posts

Showing posts with the label industrial microbiology market

Industrial Microbiology Market is expected to grow at a CAGR of 8.36%

  The capability of genetically engineered cells to make new products revolutionized the processes of industrial microbiology. Techniques like gene mounting and genetic engineering have helped the fermentation industry with enhanced productivity. The use of bioprocesses helped the industries to deliver fine-quality products. The application of industrial microbiology is currently expanding in areas such as therapeutics, diagnostics, environmental protection, mineral recovery, and agriculture, apart from its traditional application in the food and beverage industry. The global industrial microbiology market was valued to be $5,604.2 million in 2019 and is expected to reach $13,181.2 million by 2030, witnessing a CAGR of 8.36% during the forecast period 2020-2030. The market growth can mainly be attributed to the growing research in the field of industrial microbiology, increasing awareness among researchers about new strains of microorganisms, rise in preference toward consumer pr...