Report ID :10265686 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
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
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