The global industrial microbiology market is expected to be valued at USD 17.71 billion by 2027 from USD 10.80 billion in 2019, registering a CAGR of 6.8% through the forecast period, according to the latest report by Emergen Research.In the forecast period, the global demand for industrial microbiology is expected to grow rapidly owing to the growing demand for empty capsules and the increasing demand for microbial applications in vaccine production. Microorganisms are preferred sources of microbial enzymes because of their fast accessibility and high growth rate. Using recombinant DNA technology for accelerated enzyme production and scientific growth, microbial cells can effectively produce genetic changes.
However, the high costs associated with the maintenance of the aseptic process and the processing of sterile products are anticipated to hinder the growth of the market for industrial microbiology.
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Emergen Research has segmented the Global Industrial Microbiology Market on the basis of product, type, end-use, and region:
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