Global Bacillus Subtilis Market Size study, by Type (<100 Billion CFU/g, 100-300 Billion CFU/g, >300 Billion CFU/g), by Application (Feed Additives, Pesticide, Others) and Regional Forecasts 2019-2026
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Product Code:
RP-ID-10265686 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
200 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-14
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Bacillus Subtilis Market is valued approximately at USD 50.60 million in 2018 and is anticipated to grow with a healthy growth rate of more than 8.70% over the forecast period 2019-2026. Bacillus subtilis is a bacterium, and it is known for enzyme production capabilities. It is an endospore-forming bacterium which spreads into the environment. It is typically found in the outer layer of soil. It is a rod-shaped protective endospore that survives in severe environmental circumstances. It has found applications in several areas such as food & beverage processing, paper, leather, textile, and so on. The bacterium is also a familiar comCponent of probiotic drinks. It improves digestion, boosts enzyme production, and enhances immunity. Furthermore, bacillus subtilis is a major bacteria which is used in commercial manner by biotechnology companies. Increasing demand for probiotics due to the associated health benefits such as increased immunity, and reduced risk of cancer along with escalating demand for enzymes in leather, starch and textile applications are the few factors responsible for high CAGR of the market over the forecast period. For instance, the bacillus subtilis is promising probiotic used in yoghurt production with antioxidant potential increasing its shelf life. According to the Canadian Dairy Commission, Yogurt consumption has been steadily increasing over the past 10 years. From 2007-2016, average yogurt consumption grew by 43.7% , passing from 7.66 liters to 11.01 liters per capita. As the consumption of yoghurt is being increased that leads to increase in demand for bacillus subtilis around the world. However, unfavorable health effects and implantation of numerous regulations on the development of bacillus subtilis are the major factor restraining the growth of global bacillus subtilis market during the forecast period.
The regional analysis of global Bacillus Subtilis Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rise in demand for high purity bacillus subtilis in the countries such as India, China and Japan. However, North America is anticipated to exhibit highest growth rate / CAGR over the forecast period due to the presence of prominent market players offering to end-use applications of bacillus subtilis across the region.
Major market player included in this report are:
Bayer
BASF
Qunlin
Jocanima
Tonglu Huifeng
Kernel Bio-tech
Wuhan Nature’s Favour
Agrilife
Real IPM
ECOT China
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
<100 Billion CFU/g
100-300 Billion CFU/g
>300 Billion CFU/g
By Application:
Feed Additives
Pesticide
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Bacillus Subtilis Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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BASF
Qunlin
Jocanima
Tonglu Huifeng
Kernel Bio-tech
Wuhan Nature’s Favour
Agrilife
Real IPM
ECOT China