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Impact of COVID-19 on Solar Powered Microbes Market: Segmented: By Type (Bacteria, Yeast, Molds, and Others), By Application (Food and Beverage, Feeds, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[170+ Pages Research Report] Solar-Powered Microbes Market to surpass USD 13,612.2 million by 2031 from USD 7,328.68 million in 2021 at a CAGR of 6.4% in the coming years, i.e., 2021-2031.
For millennia, microbes have played a vital part in our food and beverages, from cheese to beer, but their impact on our nutrition may soon become even more important. As the human population grows, so does the demand for resource-intensive animal products, posing new food issues around the world. The environmental cost of meeting these needs simply through conventional agriculture will be enormous. Solar-panel production of microbial protein, which is rich in proteins as well as other nutrients, is more sustainable, efficient, and ecologically benign than growing conventional crops. Solar energy, land, nutrients, and carbon dioxide from the atmosphere are all used in this approach.
Global Solar-Powered Microbes Market is expected to project a notable CAGR of 6.4% in 2031.
In the near future, the use of solar-powered microorganisms in the food and feed business is likely to skyrocket. End-use sectors, such as wine, bakery, dairy, and probiotics, are quickly growing their demand for solar-powered microbes. In addition, numerous government regulations in emerging nations that support solar energy-based industrial food production are a crucial factor driving market expansion.
The Yeast segment is expected to grow with the highest CAGR during 2021-31
Based on Type, the global Solar-Powered Microbes Market is fragmented into Bacteria, Yeast, Molds, and Others. The yeast solar-powered microorganisms sector is predicted to dominate the solar-powered microbes market's product segment. The widespread use of yeast solar-powered microorganisms accounts for this dominance. Bakery and confectionery, drinks, fruits and vegetables, dairy, and meat are just a few of the industries that use yeast.
The Food and Beverage segment is expected to grow with the highest CAGR during 2021-31
Global Solar-Powered Microbes Market is classified on the basis of application into Food and Beverage, Feeds, and Others. The food industry is predicted to lead the solar-powered microorganisms market in the application category. This is owing to the high nutritional value of solar-powered microorganisms and their ability to be tweaked and processed to produce a variety of goods.
The Growing Number of Government Initiatives and Research and Development Activities
The key elements driving the market forward are government measures supporting solar energy and the high efficiency of solar-powered microorganisms. In addition, the use of solar-powered microorganisms in the food and feed business is still in its early stages. Solar-powered microbes technology is currently undergoing further research and development, which will enhance the technology's use by feed, food, and germs manufacturers. The Solar-Powered Microbes Market is being driven by all of these causes.
The Eco-Friendly Production Technique
The expansion of the industry is also aided by the use of environmentally friendly production techniques on a large scale. One of the most significant opportunities in the solar-powered microorganisms market is to increase spending on research and development. Furthermore, as compared to ordinary bacteria, solar-powered microbes are extremely nutritious.
High Initial Set-Up Cost associated of the Solar-Powered Microbes
The lower acceptance rate of solar-powered microbes, the high initial cost of setup, and the disorganized microbes industry are some of the reasons limiting the market's growth.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Solar-Powered Microbes Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Due to increased research and development developments as well as favorable government legislation, Europe is an early adopter in the solar-powered microorganisms industry. Owing to consumer awareness of nutritious food, Europe is a promising place for the solar-powered microorganisms industry.
Several solar panel installation projects were put on hold due to the COVID-19 pandemic. Due to substantial constraints, government initiatives and schemes were also put on hold. The epidemic caused a drop in solar investment in 2020, as well as the deferral and cancellation of big panel installations. The pandemic, on the other hand, boosted the expansion of nutritious food goods, as end users began to demand healthier products to boost their immunity. As a result, the demand for solar-powered microorganisms is expected to rise in the near future.
Global Solar-Powered Microbes Market is further segmented by region into:
Solar-Powered Microbes Market Segments:
| Report Attribute | Details | |
| Market size value in 2021 | USD 7328.68 million | |
| Revenue forecast in 2031 | USD 13,612.2 million | |
| Growth Rate |
CAGR of 6.4% from 2021 to 2031 |
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| Base year for estimation | 2020 | |
| Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
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| Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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| Segments Covered | Type, Application, and Region | |
| Regional scope |
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| Key companies profiled | LB Bulgaricum, E&O Laboratories Ltd, DSM, Associated British Foods plc, Kerry Foods, Kemin Industries Inc, Lesaffre, Angel Yeast Co., Ltd, Lallemand Inc, Wyeast Laboratories, Inc, HiMedia Laboratories, Dupont Nutrition & Biosciences, Novozymes A/S, Chr. Hansen Holding A/S, Lactina Ltd., and Other Prominent Players. |
Global Solar-Powered Microbes Market to surpass USD 13,612.2 million by 2031 from USD 7,328.68 million in 2021 at a CAGR of 6.4% in the coming years, i.e., 2021-2031.
LB Bulgaricum, E&O Laboratories Ltd, DSM, Associated British Foods plc, Kerry Foods, Kemin Industries Inc, Lesaffre, Angel Yeast Co., Ltd, Lallemand Inc, Wyeast Laboratories, Inc, HiMedia Laboratories, Dupont Nutrition & Biosciences, Novozymes A/S, Chr. Hansen Holding A/S, Lactina Ltd., and Other Prominent Players.
The Yeast segment is expected to grow with the highest CAGR during 2021-31 is anticipated to hold the India Solar Powered Microbes Market
Drivers The Growing Number of Government Initiatives and Research and Development Activities
For millennia, microbes have played a vital part in our food and beverages, from cheese to beer, but their impact on our nutrition may soon become even more important. As the human population grows, so does the demand for resource-intensive animal products, posing new food issues around the world.
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