Global Microbiology Industry Projected to Grow Due to R&D Expenditure and Innovation
Increasing R&D interest and innovation in industrial microbiology has seen it being utilised in a growing number of industries including oil and gas, natural environment research and the food industries.
Due to the recent upsurge in biopharmaceutical drug developments, the industrial microbiology is projected to follow and grow exponentially within the next few years.
Increased interest and demand in nutraceuticals and fermented products, creates new demands for industrial application of microbiology will increase.
Uses of microbes in the food and beverage industry is expected to maintain the largest share as the industry is trying to revolutionise the microbiological application in various packaging process, fermentation and beneficial microbes in food (probiotics and prebiotics). Furthermore, microbes are also beneficial to testing, stabilising and transforming organic materials.
Since microbiology is so involved in various other innovative industries heavily relying on a chain reaction of each other’s research results, there is growing support from the United States Food and Drugs Administration (US FDA) and Canada Health.
The US industrial microbiology market is expected to continuously grow with a peak between 2020 and 2024. The potentials of this industry should encourage researchers to be innovative and engage in various R&D projects.
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