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BCC Research Publishes a New Report on Global Markets for Microbial Products
Date:9/7/2013

Wellesley, MA (PRWEB) September 07, 2013

According to a new technical market research report, Microbial Products: Technologies, Applications and Global Markets from BCC Research (http://www.bccresearch.com), the global market for microbial products was valued at $117 billion in 2012 and is expected to grow to nearly $134 billion in 2013. BCC Research projects the market to reach nearly $179 billion by 2018, and register a compound annual growth rate (CAGR) of 6%.

Microbes were used for centuries to produce bread, wine, vinegar, and other common products —without anyone knowing the scientific basis for the ingredient. The discipline known today as microbiology was not established until the late 19th century.

The technology related to microbial production of metabolites such as ethanol, lactic acid, butanol, and riboflavin, and enzymes such as protease, amylase, and invertase was developed as early as the first few decades of the 20th century. Large-scale production of the antibiotic penicillin from Penicillium fungi was perfected during World War II and the microbial production of other antibiotics, amino acids, nucleotides, and enzymes soon followed.

Today, 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 to 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 form the basis of cost-effective methods of mining and metallurgy. Indeed
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