Global Microbial Species Market – Industry Trends and Forecast to 2029

Global Microbial Species Market, By Source (Fungi, Bacteria), Form (Power, Liquid), Application (Cleaning agents, Animal feed, Dairy products, Bakery products, Confectionery products, Others), Distribution Channel (B2B, B2C) – Industry Trends and Forecast to 2029

Microbial Species Market Analysis and Size

The rapid advancements in microbiology have aided the growth of the global microbial species market. Several advancements in the field of microbial studies have greatly aided in the development of effective treatment mechanisms in medicine.

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.

Report Scope and Market Segmentation

Market Definition

Microbial species are microbial sources such as fungi, yeast, and bacteria that aid in the hydrolysis of fats and the reduction of glycerol and fatty acid formation in all organisms, thereby preventing cholesterol, diabetes, oesophageal and high triglyceride levels. They aid digestion by breaking down ester bonds in triglycerides and maintaining proper pancreatic enzyme levels.

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. As a result, consumers are becoming more interested in confectionery and bakery products.

• 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. Growing awareness about animal health benefits among animal farmers is another important factor acting as a microbial species market growth determinant.

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

Lack of transparency in lipase patent protection laws in several countries and the absence of uniform regulatory structures will pose significant challenges to the market's growth.

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. To gain more info on the microbial species market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Microbial Species Market

The coronavirus pandemic has harmed the majority of the microbial species market's manufacturing, development, production, and logistics units. However, some industries have grown during the pandemic, and the microbial products market is one of them. Although industries such as agriculture, which are closely related to the microbial products industry, have seen a significant decline in growth, the microbial product market is still exhibiting tremendous growth in the Covid-19 period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Microbial Species Market Scope

The microbial species market is segmented on the basis of source, form, application. 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 microbial species market is analysed and market size insights and trends are provided by country, source, form and application as referenced above.

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) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the microbial lipase market due to the increased use of enzymes in animal feed, dairy products, cleaning agents, and toiletries.

Asia-Pacific, is expected to show profitable growth and a healthy CAGR as a result of increased adoption of lipase enzymes, increased awareness of personal hygiene, and end consumer demands for higher quality livestock feed within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Microbial Species Market Share Analysis

The microbial species market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to microbial species market.

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)