DUBLIN–(BUSINESS WIRE)–The “Solar Powered Microbes Market – A Global and Regional Analysis: Focus on Type, End-Use Industry and Country Analysis” report has been added to from ResearchAndMarkets.com offer.
The use of solar microbes in the food and feed industry is expected to increase significantly in the near future. The demand for solar microbes from end-use industries, namely wine, bakery, dairy, and probiotics, is growing rapidly. In addition, various government policies supporting solar power-based industrial food production in developing countries are a major factor driving the growth of the market.
Market life cycle stage
The adoption of solar-powered microbes in the food and feed industry is still in the development phase. Increased research and development activities are underway to develop solar-powered microbe technology, which will increase adoption of the technology by feed, food and microbe producers.
One of the major opportunities in the solar microbe market is increasing investment in the research and development of solar microbes. In addition, solar microbes are very nutritious compared to conventional microbes.
Globally, governments are focusing more on renewable energy sources to minimize pollution and the cost structure of services and products. Solar energy is the fastest and most cost-effective source of electricity, especially in the United States. More than three million photovoltaic (PV) installations have been established in the United States, including one million in 2019.
With the cost of installing solar power systems decreasing, more and more industries are switching to green energy. This drop in costs is due to various policies and programs initiated by the country’s government, which are expected to drive the demand for solar powered microbe production in the coming years.
With increased demand for nutritious food and feedstuffs, the shift to environment-friendly production process is expected to boost the solar-powered microbe market. This implies that solar microbes can be a great alternative to conventional microbes. The transition may be more pronounced in regions of North America and Europe.
End-use industry (food and feed)
The solar powered microbial market in the application segment is expected to be dominated by the food industry. This is because solar microbes are very nutritious and have the property of being customized and transformed into various products.
Type (bacteria, yeasts, molds)
The solar-powered yeast microbes segment is expected to dominate the product segment of the solar-powered microbes market. This dominance is due to the wide applications of yeast solar microbes. Yeast is consumed in a variety of end-use industries including bakery and confectionery, dairy, fruits and vegetables, beverages, and meat.
Europe is an early adopter of the solar-powered microbe market owing to the increasing advancements in research and development and supporting government regulations in the Europe region. Europe is an attractive region for the sun microbe market owing to consumer awareness of nutritious foods.
Impact of COVID-19
The outbreak of the COVID-19 pandemic has delayed several solar panel installation projects. Government policies and programs have also been suspended due to significant restrictions. In 2020, the pandemic has shown a decline in solar investments and the postponement and cancellation of major panel installations.
However, the growth of nutritious food products has increased due to the pandemic as end consumers have started to demand healthy products to boost their immunity. Thus, the demand for solar-powered microbes will further increase in the near future.
Recent Developments in the Solar Powered Microbes Market
In January 2020, Royal DSM unveiled its Artificial Intelligence (AI) Lab to drive biotech innovation. The laboratory would be used for biotechnology processes and the development of microbial strains.
In April 2021, Angel Yeast (Dehong), a subsidiary of Angel Yeast, offered to start a green yeast extract production project with a capacity of 15,000 tons per year. The new project would supply yeast extracts and meet market demands in conjunction with the company’s “2025 Strategy” for the yeast industry.
In July 2020, DuPont announced a microbiome research cooperation with Rutgers University’s Center for Advanced Biotechnology and Medicine (CABM). This research cooperation would help the company strengthen its research activities in the field of microbes.
In April 2021, Angel Yeast announced a joint venture to spend $15.4 million to acquire the yeast-related assets of Shandong Bio Sunkeen Co., Ltd. Through this acquisition, the companies wish to improve their manufacturing capabilities and consolidate their strength in the yeast market.
Key Market Players and Competition Summary
The major microbes market players analyzed and described in the study involve microbes manufacturers who supply microbes to the end-use industry. Moreover, a detailed competitive benchmarking analysis of players operating in the Solar Powered Microbes market has been conducted to help the reader understand how the players stack up against each other, presenting a clear market landscape.
Moreover, comprehensive competitive strategies such as partnerships, agreements, and collaborations will help the reader understand the untapped revenue pockets in the market.
The profiled companies have been selected based on input gathered from primary experts and analysis of the company’s market coverage, product portfolio and market penetration.
Some prominent players in the solar powered microbes market are:
E&O Laboratories Ltd.
Associated British Foods plc
Kemin Industries Inc
Angel Yeast Co., Ltd
Wyeast Laboratories, Inc.
Dupont Nutrition & Biosciences
chr. Hansen Holding A/S
Main topics covered:
1.1 Industry Outlook
1.1.1 Market definition
1.1.2 Market trends
22.214.171.124 Increase in Demand for Microbes from Animal Feed Industry
126.96.36.199 Increase in world population and demand for nutritious food
188.8.131.52 Reduced Manufacturing Costs Attract Entrepreneurs
184.108.40.206 Growing Application of Lactobacillus in Food Industry
1.1.3 Ecosystem/Ongoing Programs
220.127.116.11 Consortia and Associations
18.104.22.168 Regulatory landscape
22.214.171.124 Government programs
126.96.36.199 Programs by research institutes and universities
1.2 Commercial dynamics
1.2.1 Commercial factors
188.8.131.52 Government initiatives in favor of solar energy
184.108.40.206 High efficiency of solar microbes
220.127.116.11 Environmentally friendly production technique on an industrial scale
1.2.2 Business challenges
18.104.22.168 Lower adoption rate of solar microbes
22.214.171.124 High initial cost of installation
126.96.36.199 Unorganized Microbe Market
1.2.3 Business strategies
1.2.4 Business Strategies
188.8.131.52 Acquisitions and joint ventures
1.2.5 Business opportunities
184.108.40.206 Use of non-arable land for production
220.127.116.11 Scope of Small and Medium Enterprise Growth
18.104.22.168 Wide applications of yeast
1.3 Startup Landscape
1.3.1 Key ecosystem start-ups
1.3.2 Funding analysis
22.214.171.124 Main investors
126.96.36.199 Major Innovation in Solar Powered Microbes
2.1 Solar Powered Microbes Market (by End-Use Industry)
188.8.131.52 Bakery and Confectionery
184.108.40.206 Dairy products
220.127.116.11 Fruits and vegetables
2.1.3 Power supply
3.1 Solar Energy Microbes Market (by Type)
18.104.22.168 Morphological characteristics
22.214.171.124 Physiological characteristics
126.96.36.199 Classification of molds and industrial importance of molds
188.8.131.52 Morphological characteristics
184.108.40.206 Physiological characteristics
220.127.116.11 Classification of Yeast and Industrial Importance of Yeast
18.104.22.168.1 Saccharomyces cerevisiae
22.214.171.124.2 Non-Saccharomyces yeasts
126.96.36.199 Morphological characteristics
188.8.131.52 Physiological characteristics
184.108.40.206 Classification of bacteria and industrial importance of bacteria
220.127.116.11.1 Bacillus: rod-shaped
18.104.22.168.2 Coccus: spherical in shape
22.214.171.124.3 Coccobacillus: oval-shaped
3.2 Solar Powered Microbes Market: Value Chain Analysis
5 Markets – Competitive Benchmarking and Company Profiles
5.1 Presentation of the company
5.1.1 Market Role of Solar Powered Microbes
5.1.2 Product portfolio
5.1.3 Business Strategies
126.96.36.199 Joint ventures
5.1.4 Strengths and weaknesses
For more information on this report, visit https://www.researchandmarkets.com/r/4e6gza.