Biopreservation Market to Reach Market Valuation of USD 20.54 Billion by 2031 | SkyQuest Technology

Barchart · 10/16 08:13

Westford, USA, Oct. 16, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Global Biopreservation Market will reach a value of USD 20.54 Billion by 2031, with a CAGR of 28.30% during the forecast period (2024-2031). Biopreservation market comprises the use of controlled or natural microbiota and by-products to improve the safety and shelf-life of pharmaceuticals and food. The market is driven by growing food safety concerns, a shift towards clean-labeled products, and rising demand for natural preservatives. Moreover, heavy investments in R&D and improvements in biotechnology are notably impacting the growth of the market.

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