Introduction: -
Data Bridge Market Research analyses that the microbial species market was valued at USD 13.08 billion in 2021 and is expected to reach the value of USD 20.85 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Microbial Species Market Dynamics: -
Drivers
· Changing Consumer Tastes and Preferences
The primary factors ensuring the global microbial species market's steady growth are widespread modernization, sweeping migration (particularly in developing countries), and the prevalence of chronic illnesses due to poor dietary habits, and changing consumer tastes and preferences. People's living standards have improved as a result of increased migration to cities, where resources are more readily available than in deprived areas
· High demand from the confectionery industry
The increasing industrial application of microbial species in cleaning agents, animal feed, bakery and confectionery products, and other segments, as well as the growing use of microbial species in dairy products, bakery products, and confectionery products, are the major factors driving the microbial species market growth.
Opportunity
Growing demand for various types of microbial species-based products in the developing world is expected to generate numerous lucrative opportunities for the market.
Restraints
This microbial species market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
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Global Microbial Species Market Scope: -
The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
· Fungi
· Bacteria
Form
· Powder
· Liquid
Application
· Cleaning agents
· Animal feed
· Dairy products
· Bakery products
· Confectionery products
· Others
Microbial Species Market Regional Analysis/Insights: -
The countries covered in the microbial species market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA).
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Competitive Landscape and Microbial Species Market Share Analysis: -
Some of the major players operating in the microbial species market are:
· Novus International (U.S.)
· DSM (Netherlands)
· Kerry (Ireland)
· Chr. Hansen Holding A/S (Denmark)
· Lallemand Inc. (Canada)
· Angel yeast Co., Ltd (U.S.)
· Lesaffre (France)
· AB Mauri (U.K.)
· Laffort (France)
· Alltech, (Nicholasville)
· Imperial yeast (U.S.)
· DCL Food Distributors (U.K.)
· Agrano GmbH & Co. KG (Germany)
· UNIFERM GmbH & Co. KG (Germany)
MAJOR TOC OF THE REPORT: -
Ø Chapter One: Introduction
Ø Chapter Two: Market Analysis and Insights
Ø Chapter Three: Market Dynamics
Ø Chapter Four: Market Scope
Ø Chapter Five: Market Regional Insights
Ø Chapter Six: Competitive Landscape System Market
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