What is the expected growth rate of the microbiology culture market?
The microbiology culture market is anticipated to grow at a steady CAGR of 5.4% during the forecast period of 2024-2031. This growth is driven by factors like increasing demand for food safety testing, advancements in biotechnology, and rising prevalence of infectious diseases.
Who are the key players in Microbiology Culture Market ?
Major players are Eiken Chemical Co Ltd, Koninklijke DSM N.V, DuPont, Chr. Hansen Holding A/S, Hi-Media Laboratories, Neogen, Sigma-Aldrich, Dickinson and Company, Thermo Fisher Scientific Inc and Kerry Group.
Which segment holds the largest market share in the microbiology culture market?
The food industry segment currently holds the largest market share, primarily due to growing concerns about food safety, technological advancements in food production, and the frequent occurrence of foodborne illnesses.
Which region is expected to witness the fastest growth in the microbiology culture market?
The Asia Pacific region is projected to experience the fastest growth in the coming years, driven by factors like rising disposable incomes, increasing healthcare awareness, and government initiatives supporting the life sciences sector.