Microbial Products Market Summary
As per Market Research Future Analysis, the Microbial Products Market was valued at USD 1.69 Billion in 2024 and is projected to grow from USD 1.69 Billion in 2024 to USD 3.03 Billion by 2035, with a CAGR of 5.44% during the forecast period. Key drivers include the increasing cancer patient population and the rising prevalence of diseases. Innovations such as MicroHarvest's microbial protein dog treat and partnerships like FMC Corporation with Novozymes highlight the market's dynamic nature. The growing awareness of microbe-based products and their applications in pharmaceuticals, diagnostics, and biotechnology further support market expansion.
Key Market Trends & Highlights
The Microbial Products Market is witnessing significant growth driven by innovation and increasing awareness.
- Market Size in 2024: USD 1.69 Billion.
- Projected Market Size by 2035: USD 3.03 Billion.
- CAGR from 2025 to 2035: 5.44%.
- Bacterial segment expected to grow at a CAGR of 6.20%.
Market Size & Forecast
| 2024 Market Size | USD 1.69 Billion |
| 2035 Market Size | USD 3.03 Billion |
| CAGR (2024-2035) | 5.44% |
Major Players
Amgen Inc., Merck & Co. Inc., VALENT Biosciences Corp., GlaxoSmithKline plc., Pfizer Inc., BIOMÉRIEUX SA, Ajinomoto Co. Inc., SANOFI S.A, Novartis AG, and NOVADIGM Therapeutics.