Prepared Culture Media Market

The article analyzes the global market for prepared culture media for development of micro-organisms, forecasting an increase in market volume and value over the next eight years. Key findings include the growth in consumption, production, imports, and exports, with insights into top consuming and producing countries. The market is expected to see steady growth in the immediate term, with notable increases in consumption and production volumes. The report also provides information on average prices, trends in import and export prices, and fluctuations in global shipments of prepared culture media.

Market Forecast

Driven by increasing demand for prepared culture media for development of micro-organisms worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 553K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market value to $18.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Prepared Culture Media For Development Of Micro-Organisms

For the sixth consecutive year, the global market recorded growth in consumption of prepared culture media for development of micro-organisms, which increased by 1.2% to 394K tons in 2022. In general, consumption posted a resilient expansion. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

The global prepared culture media market value rose to $11.4B in 2022, increasing by 2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a buoyant increase. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (88K tons), the United States (50K tons) and Germany (36K tons), with a combined 44% share of global consumption. India, Japan, Mexico, Turkey, France, the UK, the Netherlands, Democratic Republic of the Congo, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +28.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.6B) led the market, alone. The second position in the ranking was taken by India ($1.2B). It was followed by Turkey.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +23.3%. The remaining consuming countries recorded the following average annual rates of market growth: India (+16.1% per year) and Turkey (+19.7% per year).

The countries with the highest levels of prepared culture media per capita consumption in 2022 were the Netherlands (608 kg per 1000 persons), Germany (428 kg per 1000 persons) and Saudi Arabia (210 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +27.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Prepared Culture Media For Development Of Micro-Organisms

In 2022, production of prepared culture media for development of micro-organisms decreased by -0.6% to 378K tons for the first time since 2016, thus ending a five-year rising trend. Overall, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 46%. Global production peaked at 380K tons in 2021, and then reduced slightly in the following year.

In value terms, prepared culture media production totaled $10.8B in 2022 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 66% against the previous year. Global production peaked at $11.3B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (86K tons), the United States (59K tons) and Germany (38K tons), with a combined 48% share of global production. India, Japan, the UK, the Netherlands, Mexico, France, Turkey, Democratic Republic of the Congo, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the Netherlands (with a CAGR of +23.9%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Prepared Culture Media For Development Of Micro-Organisms

After five years of growth, supplies from abroad of prepared culture media for development of micro-organisms decreased by -1.8% to 130K tons in 2022. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Global imports peaked at 132K tons in 2021, and then declined slightly in the following year.

In value terms, prepared culture media imports declined to $3.8B in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Global imports peaked at $4.3B in 2021, and then declined in the following year.

Imports By Country

In 2022, France (19K tons), distantly followed by Germany (9.9K tons), the Netherlands (9.9K tons), Belgium (9.7K tons), China (8.3K tons), Austria (7.1K tons) and the United States (6.5K tons) were the key importers of prepared culture media for development of micro-organisms, together creating 54% of total imports. The following importers - Spain (4.6K tons), Italy (4.2K tons), Ireland (4K tons), the UK (3.8K tons), Switzerland (3.5K tons) and the Czech Republic (2.8K tons) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +22.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest prepared culture media importing markets worldwide were China ($433M), the Netherlands ($335M) and the United States ($329M), with a combined 29% share of global imports.

China, with a CAGR of +26.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average prepared culture media import price amounted to $29,574 per ton, dropping by -8.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2020 when the average import price increased by 9.6% against the previous year. Over the period under review, average import prices reached the peak figure at $32,191 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($52,443 per ton), while France ($9,483 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Prepared Culture Media For Development Of Micro-Organisms

After seven years of growth, overseas shipments of prepared culture media for development of micro-organisms decreased by -7.8% to 114K tons in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.6% against 2012 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. Over the period under review, the global exports hit record highs at 124K tons in 2021, and then fell in the following year.

In value terms, prepared culture media exports contracted to $3.7B in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 31%. The global exports peaked at $3.9B in 2021, and then reduced in the following year.

Exports By Country

The biggest shipments were from France (19K tons), the United States (16K tons), the Netherlands (13K tons), Germany (12K tons), the UK (8.9K tons), Belgium (8.8K tons), China (6.3K tons), Italy (5.1K tons), Spain (4.4K tons) and Denmark (4K tons), together recording 86% of total export.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +31.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($999M) remains the largest prepared culture media supplier worldwide, comprising 27% of global exports. The second position in the ranking was taken by the UK ($448M), with a 12% share of global exports. It was followed by France, with a 10% share.

In the United States, prepared culture media exports increased at an average annual rate of +9.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+11.0% per year) and France (+6.1% per year).

Export Prices By Country

The average prepared culture media export price stood at $32,468 per ton in 2022, growing by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2014 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($61,978 per ton), while Denmark ($9,986 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform