Culture media Market Worth $12.74 billion by 2030: Players Avantor Inc., Lonza Group AG

As per the report published by The Brainy Insights, the global culture media market is expected to grow from USD 4.85 billion in 2020 to USD 12.74 billion by 2030, at a CAGR of 13.30% during the forecast period 2021-2030. The North America region dominated the global culture media market and vales at USD 2.01 billion in the year 2020. The majority of the culture media manufactures are based in the countries such as U.S. and Canada. In addition, the rising research and development activities by the pharmaceutical companies of the region are driving the growth of the market. Apart from this, the Europe region held a substantial market share in the year 2020.

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The culture media market refers to the industry involved in the production and sale of culture media, which are nutrient-rich solutions used to grow and maintain microorganisms such as bacteria, fungi, and viruses. Culture media are widely used in various applications, including research, biotechnology, food industry, pharmaceuticals, and diagnostics.

The market for culture media is expected to grow significantly in the coming years due to the increasing demand for microbiological testing in various industries, the rising prevalence of infectious diseases, and the growing importance of quality control in the food industry. Additionally, technological advancements in the field of microbiology, such as the development of advanced culture media and the automation of microbial detection methods, are also contributing to the growth of the market.

Major players in the global culture media market are Avantor, Inc., Thermo Fisher Scientific, Inc., Caisson Laboratories Inc, General Electric Company, Lonza Group AG, Corning Incorporated, Becton Dickinson and Company, Cell Culture Technologies LLC, Fujifilm Holdings Corporation, Hi Media Laboratories Pvt. Ltd., Bio-Rad Laboratories, Inc., and Merck & Co., Inc. among others. The key players of the global culture media market are majorly adopting the strategies such as new product development, mergers & acquisitions, joint venture, product innovations, widening the customer base, and partnerships to gain a major market share in the industry. For instance, in June 2019, Fujifilm Holdings Corporation announced that the company has opened the third manufacturing facility for the cell culture media, located in Tilburg, Netherlands. The company has also two other manufacturing facilities in the U.S. and Japan.

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The type segment is divided into classical media, stem cell media, serum-free media, and others. The classical media segment accounted for a significant market share and was valued at USD 2.60 billion in the year 2020. Wide applications in the different cell lines and affordable are some of the key factors which are augmenting the growth of classical media. The state segment includes liquid culture media and solid and semi-solid culture media. The solid and semi-solid culture media segment is anticipated to grow at the highest CAGR of 14.5% over the forecast period. The semi-solid culture media are relatively soft and generally play an important role in demonstrating bacterial motility. The application segment is divided into cancer research, biopharmaceuticals, regenerative medicine & tissue engineering, stem cell technologies, drug discovery, and other applications. The cancer research segment held the largest market share of 32.56% in the year 2020. The steep increase in cancer cases across the globe has augmented the demand to study the cancer mechanism for effective treatment. The end-user segment is divided into the biotechnology & pharmaceutical industry, academic institutes, research laboratories, and others. The research laboratories segment is estimated to grow at the highest CAGR of 14.02% over the forecast period. An increasing number of research activities, particularly for stem cell research, cancer research, and others, are the key factors responsible for the growth of the culture media market.

The global culture media market is witnessing rapid growth owing to increasing demand for culture media in the biopharmaceutical and pharmaceutical industry. There is an increasing demand for cell lines in the biopharmaceutical and pharmaceutical companies, owing to the new drug discovery and drug developments.

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