Microbial Species Market to Grasp Outstanding Growth of USD 20.85 Billion by 2029

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 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.

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.

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GLOBAL MICROBIAL SPECIES MARKET SCOPE
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 analyzed and market size insights and trends are provided by country, material type, end user 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.

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