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Global Bacteriological Testing Market to Reach $25.4 Billion by 2030

Global Bacteriological Testing Market to Reach $25.4 Billion by 2030
PR Newswire
NEW YORK, March 8, 2023

NEW YORK, March 8, 2023 /PRNewswire/ — The global economy is at a critical crossroads with a number of interlocking challenges and crises runn…

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Global Bacteriological Testing Market to Reach $25.4 Billion by 2030

PR Newswire

NEW YORK, March 8, 2023 /PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Read the full report: https://www.reportlinker.com/p06030870/?utm_source=PRN

Global Bacteriological Testing Market to Reach $25.4 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Bacteriological Testing estimated at US$13.7 Billion in the year 2022, is projected to reach a revised size of US$25.4 Billion by 2030, growing at aCAGR of 8% over the period 2022-2030. Salmonella, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$8.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Coliform segment is readjusted to a revised 7.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 13% CAGR

The Bacteriological Testing market in the U.S. is estimated at US$3.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Select Competitors (Total 33 Featured)

- SGS

- 3M

- Agilent Technologies

- ALS Limited

- Bio-Rad

- Bureau Veritas

- Eurofins

- Intertek

- Merck

- Romer Labs

Read the full report: https://www.reportlinker.com/p06030870/?utm_source=PRN

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights

World Market Trajectories

Impact of Covid-19 and a Looming Global Recession

Bacteriological Testing - Global Key Competitors Percentage

Market Share in 2022 (E)

Competitive Market Presence - Strong/Active/Niche/Trivial for 

Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Bacteriological Testing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 2: World Historic Review for Bacteriological Testing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 3: World 16-Year Perspective for Bacteriological Testing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030

Table 4: World Recent Past, Current & Future Analysis for Salmonella by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 5: World Historic Review for Salmonella by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin  America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 6: World 16-Year Perspective for Salmonella by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 7: World Recent Past, Current & Future Analysis for Coliform by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 8: World Historic Review for Coliform by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 9: World 16-Year Perspective for Coliform by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 10: World Recent Past, Current & Future Analysis for Campylobacter by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 11: World Historic Review for Campylobacter by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 12: World 16-Year Perspective for Campylobacter by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 13: World Recent Past, Current & Future Analysis for Listeria by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 14: World Historic Review for Listeria by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 15: World 16-Year Perspective for Listeria by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 16: World Recent Past, Current & Future Analysis for Other Bacteria Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 17: World Historic Review for Other Bacteria Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 18: World 16-Year Perspective for Other Bacteria Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030 

Table 19: World Recent Past, Current & Future Analysis for Consumables & Reagents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 20: World Historic Review for Consumables & Reagents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 21: World 16-Year Perspective for Consumables & Reagents by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 22: World Recent Past, Current & Future Analysis for Instruments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 23: World Historic Review for Instruments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 24: World 16-Year Perspective for Instruments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 25: World Recent Past, Current & Future Analysis for Test Kits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 26: World Historic Review for Test Kits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 27: World 16-Year Perspective for Test Kits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 28: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 29: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 30: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 31: World Recent Past, Current & Future Analysis for Water by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 32: World Historic Review for Water by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 33: World 16-Year Perspective for Water by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 34: World Recent Past, Current & Future Analysis for Pharmaceutical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 35: World Historic Review for Pharmaceutical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 36: World 16-Year Perspective for Pharmaceutical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 37: World Recent Past, Current & Future Analysis for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 38: World Historic Review for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 39: World 16-Year Perspective for Cosmetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 40: World Recent Past, Current & Future Analysis for Rapid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 41: World Historic Review for Rapid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 42: World 16-Year Perspective for Rapid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030

Table 43: World Recent Past, Current & Future Analysis for Traditional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 44: World Historic Review for Traditional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 45: World 16-Year Perspective for Traditional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030 

Table 46: World Bacteriological Testing Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Bacteriological Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)

Table 47: USA Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 48: USA Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 49: USA 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 50: USA Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 51: USA Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 52: USA 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 53: USA Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 54: USA Historic Review for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 55: USA 16-Year Perspective for Bacteriological Testing by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Water, Pharmaceutical and Cosmetics for the Years 2014, 2023 & 2030

Table 56: USA Recent Past, Current & Future Analysis for Bacteriological Testing by Technology - Rapid and Traditional - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 57: USA Historic Review for Bacteriological Testing by Technology - Rapid and Traditional Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 58: USA 16-Year Perspective for Bacteriological Testing by Technology - Percentage Breakdown of Value Sales for Rapid and Traditional for the Years 2014, 2023 & 2030 

CANADA

Table 59: Canada Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 60: Canada Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 61: Canada 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 62: Canada Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 63: Canada Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 64: Canada 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 65: Canada Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 66: Canada Historic Review for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 67: Canada 16-Year Perspective for Bacteriological Testing by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Water, Pharmaceutical and Cosmetics for the Years 2014, 2023 & 2030

Table 68: Canada Recent Past, Current & Future Analysis for Bacteriological Testing by Technology - Rapid and Traditional - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 69: Canada Historic Review for Bacteriological Testing by Technology - Rapid and Traditional Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 70: Canada 16-Year Perspective for Bacteriological Testing by Technology - Percentage Breakdown of Value Sales for Rapid and Traditional for the Years 2014, 2023 & 2030 

JAPAN

Bacteriological Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)

Table 71: Japan Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 72: Japan Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 73: Japan 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 74: Japan Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 75: Japan Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 76: Japan 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 77: Japan Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR 

Table 78: Japan Historic Review for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 79: Japan 16-Year Perspective for Bacteriological Testing by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Water, Pharmaceutical and Cosmetics for the Years 2014, 2023 & 2030

Table 80: Japan Recent Past, Current & Future Analysis for Bacteriological Testing by Technology - Rapid and Traditional - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 81: Japan Historic Review for Bacteriological Testing by Technology - Rapid and Traditional Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 82: Japan 16-Year Perspective for Bacteriological Testing by Technology - Percentage Breakdown of Value Sales for Rapid and Traditional for the Years 2014, 2023 & 2030

CHINA

Bacteriological Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)

Table 83: China Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 84: China Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 85: China 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 86: China Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 87: China Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 88: China 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 89: China Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 90: China Historic Review for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 91: China 16-Year Perspective for Bacteriological Testing by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Water, Pharmaceutical and Cosmetics for the Years 2014, 2023 & 2030

Table 92: China Recent Past, Current & Future Analysis for Bacteriological Testing by Technology - Rapid and Traditional - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 93: China Historic Review for Bacteriological Testing by Technology - Rapid and Traditional Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 94: China 16-Year Perspective for Bacteriological Testing by Technology - Percentage Breakdown of Value Sales for Rapid and Traditional for the Years 2014, 2023 & 2030

EUROPE

Bacteriological Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)

Table 95: Europe Recent Past, Current & Future Analysis for Bacteriological Testing by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 96: Europe Historic Review for Bacteriological Testing by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 97: Europe 16-Year Perspective for Bacteriological Testing by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030

Table 98: Europe Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 99: Europe Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 100: Europe 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 101: Europe Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents,Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 102: Europe Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR 

Table 103: Europe 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 104: Europe Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 105: Europe Historic Review for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 106: Europe 16-Year Perspective for Bacteriological Testing by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Water, Pharmaceutical and Cosmetics for the Years 2014, 2023 & 2030

Table 107: Europe Recent Past, Current & Future Analysis for Bacteriological Testing by Technology - Rapid and Traditional - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 108: Europe Historic Review for Bacteriological Testing by Technology - Rapid and Traditional Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 109: Europe 16-Year Perspective for Bacteriological Testing by Technology - Percentage Breakdown of Value Sales for Rapid and Traditional for the Years 2014, 2023 & 2030

FRANCE

Bacteriological Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)

Table 110: France Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 111: France Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 112: France 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 113: France Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 114: France Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 115: France 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 116: France Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 117: France Historic Review for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 118: France 16-Year Perspective for Bacteriological Testing by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Water, Pharmaceutical and Cosmetics for the Years 2014, 2023 & 2030

Table 119: France Recent Past, Current & Future Analysis for Bacteriological Testing by Technology - Rapid and Traditional - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 120: France Historic Review for Bacteriological Testing by Technology - Rapid and Traditional Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 121: France 16-Year Perspective for Bacteriological Testing by Technology - Percentage Breakdown of Value Sales for Rapid and Traditional for the Years 2014, 2023 & 2030

GERMANY

Bacteriological Testing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)

Table 122: Germany Recent Past, Current & Future Analysis for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 123: Germany Historic Review for Bacteriological Testing by Bacteria Type - Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 124: Germany 16-Year Perspective for Bacteriological Testing by Bacteria Type - Percentage Breakdown of Value Sales for Salmonella, Coliform, Campylobacter, Listeria and Other Bacteria Types for the Years 2014, 2023 & 2030

Table 125: Germany Recent Past, Current & Future Analysis for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR

Table 126: Germany Historic Review for Bacteriological Testing by Component - Consumables & Reagents, Instruments and Test Kits Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 127: Germany 16-Year Perspective for Bacteriological Testing by Component - Percentage Breakdown of Value Sales for Consumables & Reagents, Instruments and Test Kits for the Years 2014, 2023 & 2030

Table 128: Germany Recent Past, Current & Future Analysis for Bacteriological Testing by End-Use - Food & Beverage, Water, Pharmaceutical and Cosmetics - Independent Analysis of Annual

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Mortgage rates fall as labor market normalizes

Jobless claims show an expanding economy. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

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Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking.

The key labor data line in this expansion is the weekly jobless claims report. Jobless claims show an expanding economy that has not lost jobs yet. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250


Below is an explanation of how we got here with the labor market, which all started during COVID-19.

1. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. 9, 2020. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.

2. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Job openings rose as high as to 12 million and are currently over 9 million. Even with the massive miss on a job report in May 2021, I didn’t waver.

Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage.  

2-US_Job_Quits_Rate-1-2

3. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022. At the time this would be a speedy labor market recovery, and it happened on schedule, too

Total employment data

4. This is the key one for right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000. This is important because job growth should be cooling down now. We are more in line with where the labor market should be when averaging 140K-165K monthly. So for now, the fact that we aren’t trending between 140K-165K means we still have a bit more recovery kick left before we get down to those levels. 




From BLS: Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.

Here are the jobs that were created and lost in the previous month:

IMG_5092

In this jobs report, the unemployment rate for education levels looks like this:

  • Less than a high school diploma: 6.1%
  • High school graduate and no college: 4.2%
  • Some college or associate degree: 3.1%
  • Bachelor’s degree or higher: 2.2%
IMG_5093_320f22

Today’s report has continued the trend of the labor data beating my expectations, only because I am looking for the jobs data to slow down to a level of 140K-165K, which hasn’t happened yet. I wouldn’t categorize the labor market as being tight anymore because of the quits ratio and the hires data in the job openings report. This also shows itself in the employment cost index as well. These are key data lines for the Fed and the reason we are going to see three rate cuts this year.

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