Microbial products are produced by microbes such as a bacteria, yeast, or fungus. Medicinal microbiology include production of enzymes, antibiotics, nutrients such as amino acids, vitamins, and organic acids, chemotherapeutic agents, vaccines etc. Some of the applications of microbial products are manufacturing of solvents and reagents such as ethanol, lactic acid, butanol etc. Synthesis of amino acids such as are L-Methionine, L-Lysine, L-Tryptophan, L-Glutamic acid etc. are another use of industrial microbiology for production of microbial products.
Microbial Products Market is expected to reach $ 250.3 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 8.7 % during 2017-2023.
According to a recent study published by the Market Research Future analysts, the global microbial products market is growing at a moderate rate. The market for microbial products is driven mainly due to growing prevalence of diseases, rising demand for healthcare nutrients such as vitamins, rising rates of cancers, rising demand for diagnostics microbial products, rise of lifestyles industry recommending many of these products etc.
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Global Microbial Products Market Report: Key Players
The key players in the market of Microbial products vary on the basis of industries. Following companies belong to different industry and are directly connected with the microbial product:
Valent BioSciences Corp., LAM International, BioOrganics Inc, Mycorrhizal Applications Inc, METabolic EXplorer S.A., Procter & Gamble Co., Lesaffre et Compagnie, Novo Nordisk A/S, Amyris Inc., Gevo, REG Life Sciences LLC, Desert Sweet Biofuels, Natural Environmental, Systems LLC, Bioremediation Inc., BIO-SYSTEMS International, Sapporo Breweries Ltd.
Global Microbial Products Market – Regional Analysis
In 2016, North America and Europe were holding more than half market share of global microbial products market. Increasing funding for R&D is major driving force for the market growth. The funding for microbiology research in US is one of the highest as compared to other countries.
European market is second highest revenue generator after North America. Microbiology products have huge and increasing demand not only in developed countries but also in developing countries like India & China. The presence of unmet medical needs and the growing industrial demand are the strongest driver for the growth in these markets. Thus, there is larger potential to grow in the developing regions due to less competition. The growing number of biotech firms and the growing demand for high quality solvents to satisfy the industrial base will drive the future market.
The Middle East and Africa microbial products market is growing gradually with the development in the research. Moreover, developing healthcare infrastructure in some of the countries like UAE, Saudi Arabia, Oman, South Africa have helped the growth of the overall healthcare segment also including the microbial products. Currently Middle East & Africa region contributes least in the global microbial products market.
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Global Microbial Products Market – Competitive Analysis
The global market consist of players such as Amgen Inc. (U.S.), Merck & Co. Inc. (U.S.), Valent BioSciences LLC (U.S.), GlaxoSmithKline plc (U.K.), Pfizer Inc.(U.S.), bioMérieux SA (France), Ajinomoto Co.Inc. (Japan), Sanofi (France), Novartis AG (Switzerland), NovaDigm Therapeutics (U.S.), Kyowa Hakko Bio Co., Ltd. (Japan), and others. These are the prominent players at the forefront of competition in the global microbial products market and are profiled in MRFR Analysis report.
There are large number of companies involved in the development of the products, reagents kits, and other microbial products which are now being used in majority part of the developed countries. Major companies are adopting a specific strategy to enter and create unique space in this market. The different strategies includes, product launch, agreement and collaboration, partnership and expansion, joint venture and strategic alliance etc. All major players are focusing on new product development to provide new and innovative solutions to the market. The recent advancements in microbial products is the development of ultra-pure products especially high quality products which are being used in high-tech research.
Some Brief Chapters From Table Of Contents
Chapter 1. Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
Chapter 2. Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
Chapter 3. Market Dynamics
3.4 Macroeconomic Indicators
Chapter 4. Market Factor Analysis
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