Global Market For Microbial Products To Be Worth $259 Billion In 2016
April 26, 2011
Wellesley, Mass. – According to a new technical market research report, MICROBIAL PRODUCTS: TECHNOLOGIES, APPLICATIONS AND GLOBAL MARKETS (BIO086A) from BCC Research (www.bccresearch.com), the global market value for microbial products is an estimated $156 billion in 2011, but is expected to increase to more than $259 billion in 2016, for a 5-year compound annual growth rate (CAGR) of 10.7%.
The largest segment of the market, microbial products, has an estimated value of $151 billion in 2011 and is expected to increase at a CAGR of 10.8% to reach $252 billion in 2016.
The other segment, microbes, is projected to reach $6.8 billion in 2016, after rising at a CAGR of 6.9% from its estimated value of nearly $4.9 billion in 2011.
A microbe is a minute living organism, such as a bacterium, yeast, or fungus. The first commercial applications of microbes date back to around 1750 BC, when the ancient Sumerians used yeast to brew beer. Microbes were used for centuries to produce bread, wine, vinegar, and other common products, without anyone knowing the scientific basis for the production.
Genetically engineered microbes are used for the commercial production of nonmicrobial products such as insulin, interferon, human growth hormone, and viral vaccines. Microbes are also used to produce energy (e.g., biodiesel and bioethanol) and clean up environmental pollutants such as sewage and oil spills. As the active ingredient in biofertilizers and biopesticides, microbes contribute to increasing agricultural productivity, and microbes form the basis of cost-effective methods of mining and metallurgy.
The goal of this report is to survey microbial applications in a wide range of fields, identify the applications that appear to have significant commercial potential in the near- to mid-term, and develop quantitative estimates of their current and/or future sales.
This report’s specific objectives support this broad goal. These objectives include identifying microbial technologies and applications that have the greatest commercial potential in the 2010-2016 time frame, identifying market drivers, evaluating obstacles to their successful commercialization, and projecting future sales of each application.
This report is intended especially for biotechnology marketing executives, entrepreneurs, investors, venture capitalists, and other readers with a need to know where the market for microbial technologies and products is headed over the next 5 years.
TRENDS IN GLOBAL MARKET FOR MICROBES AND MICROBIAL PRODUCTS, 2010-2016
Source: BCC Research
Microbial Products: Technologies, Applications and Global Markets( BIO086A )
Publish Date: April 2011
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