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Industry Analysis
· 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.
· The wide-ranging Data Bridge market report covers an array of aspects of the market analysis which today’s businesses call for. This market document also defines a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience. An outstanding Data Bridge market report puts light on many aspects related to ABC industry and market.
Market Insights
Ø 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.
Ø Additionally, the credible Microbial Species Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Agriculture and Animal Feed industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
Industry Segmentation
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
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The countries covered in the microbial species market report are
Ø 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.
Ø North America dominates the microbial lipase market due to the increased use of enzymes in animal feed, dairy products, cleaning agents, and toiletries.
Ø 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.
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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)
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