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Solar-Powered Microbes Market

Solar-Powered Microbes Market Size, Share & Trends Analysis Distribution by Type (Bacteria, Yeast, Molds), End-Use Industry (Food (Bakery and Confectionery, Dairy, Fruits and Vegetables, Beverages, Meat), Feed) and Segment Forecasts, 2024-2031

Report ID : 2600 | Published : 2024-07-24 | Pages: 180 | Format: PDF/EXCEL

The Solar-Powered Microbes Market Size is valued at USD 7.50 Bn in 2023 and is predicted to reach USD 11.75 Bn by the year 2031 at an 5.9% CAGR during the forecast period for 2024-2031.

solar powered

Solar-powered microbes, or photoautotrophic microbes, are microorganisms that harness sunlight to convert carbon dioxide and water into organic compounds through photosynthesis. This unique capability allows them to thrive without organic carbon sources, resulting in biomass rich in proteins, lipids, and other nutrients. They are garnering attention as a sustainable alternative to traditional agriculture for producing food and animal feed, offering significantly higher yields per unit of land, reduced water and fertilizer needs, and the ability to grow in non-arable regions.

The increasing interest in solar-powered microbes is driven by their potential to enhance sustainability and food security amid global challenges. Conventional agriculture faces limitations regarding land and resource use, while these microbes can be cultivated in controlled environments, requiring much less land and fewer resources. This innovative approach not only presents a promising solution for food production, especially in areas with limited arable land, but also aligns with the growing demand for environmentally friendly agricultural practices as the global population continues to rise. 

Competitive Landscape

Some of the Key Players in Solar-Powered Microbes Market:

  • 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
  • Hansen Holding A/S
  • Lactina Ltd.
  • Other Prominent Players

Market Segmentation:

The Solar-Powered Microbes market is segmented by end-use industry and type. By end-use industry the market is segmented into food (bakery and confectionery, dairy, fruits and vegetables, beverages, meat), feed. By type the market is categorized into bacteria, yeast, molds.

Food Segment is Expected to Drive the Solar-Powered Microbes Market

The food segment is the primary driver for the growth of the solar-powered microbes’ market, fueled by the increasing demand for nutritious food and animal feed. These microbes produce protein-rich biomass that can be integrated into various food and feed products, presenting a sustainable solution to meet nutritional needs. Additionally, their applications are expanding within the food and beverage industries, including sectors like wine, bakery, dairy, and probiotics, as manufacturers look for environmentally friendly and nutritious ingredients. This trend underscores the food sector's dominant role in propelling the overall market growth for solar-powered microbes.

Bacteria Segment is Growing at the Highest Rate in the Solar-Powered Microbes Market.

The strong growth of the bacteria segment in the solar-powered microbes market can be attributed to several key factors, making it the fastest growing type of solar-powered microbes overall. Bacteria are highly versatile and efficient at converting solar energy and carbon dioxide into biomass, making them ideal for commercial-scale production. Ongoing technological advancements are enhancing the performance and scalability of solar-powered bacterial cultures, further driving their adoption. Additionally, the diverse applications of bacteria in various industries, including food, feed, biofuels, and biochemicals, are fueling demand. Furthermore, the sustainability benefits of using solar-powered bacteria—such as producing nutrient-rich biomass with minimal land, water, and resource requirements—align well with the increasing focus on sustainable production methods.

Regionally, North America Led the Solar-Powered Microbes Market.

The adoption of solar-powered microbes is experiencing significant growth in North America, driven by government initiatives and increasing consumer awareness of sustainable and environmentally friendly food and feed products. North America is leading in this market, while Europe is also emerging as an attractive region, with rising demand from industries such as wine, bakery, dairy, and probiotics. Similar to North America, supportive government policies and a growing consciousness among European consumers regarding the environmental impact of their food choices are fostering the adoption of solar-powered microbes. However, both regions indicate that the market is still in the developing phase, suggesting ample opportunities for further research and development.

Solar-Powered Microbes Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 7.50 Bn

Revenue Forecast In 2031

USD 11.75 Bn

Growth Rate CAGR

CAGR of 5.9 % from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By End-Use Industry, By Type

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

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.

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape.                     

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Solar-Powered Microbes Market Snapshot

Chapter 4. Global Solar-Powered Microbes Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by End-Use Industry Estimates & Trend Analysis
5.1. by End-Use Industry & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-Use Industry:

5.2.1. Food (Bakery and Confectionery, Dairy, Fruits and Vegetables, Beverages, Meat)
5.2.2. Feed

Chapter 6. Market Segmentation 2: by Type Estimates & Trend Analysis
6.1. by Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

6.2.1. Bacteria
6.2.2. Yeast
6.2.3. Molds

Chapter 7. Solar-Powered Microbes Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America
7.1.1. North America Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by End-Use Industry, 2024-2031
7.1.2. North America Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.3. North America Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe
7.2.1. Europe Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by End-Use Industry, 2024-2031
7.2.2. Europe Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.3. Europe Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific
7.3.1. Asia Pacific Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by End-Use Industry, 2024-2031
7.3.2. Asia Pacific Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.3. Asia Pacific Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America
7.4.1. Latin America Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by End-Use Industry, 2024-2031
7.4.2. Latin America Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.3. Latin America Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa
7.5.1. Middle East & Africa Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by End-Use Industry, 2024-2031
7.5.2. Middle East & Africa Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.3. Middle East & Africa Solar-Powered Microbes Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles

8.2.1. LB Bulgaricum
8.2.2. E&O Laboratories Ltd
8.2.3. DSM
8.2.4. Associated British Foods plc
8.2.5. Kerry Foods
8.2.6. Kemin Industries Inc
8.2.7. Lesaffre
8.2.8. Angel Yeast Co., Ltd
8.2.9. Lallemand Inc
8.2.10. Wyeast Laboratories, Inc
8.2.11. HiMedia Laboratories
8.2.12. Dupont Nutrition & Biosciences
8.2.13. Novozymes A/S
8.2.14. Chr. Hansen Holding A/S
8.2.15. Lactina Ltd.
8.2.16. Other Prominent Players

Segmentation of Solar-Powered Microbes Market -

Solar-Powered Microbes Market by End-Use Industry -

  • Food
    • Bakery and Confectionery
    • Dairy
    • Fruits and Vegetables
    • Beverages
    • Meat
  • Feed

solar powered

Solar-Powered Microbes Market by Type -

  • Bacteria
  • Yeast
  • Molds

Solar-Powered Microbes Market by Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Solar-Powered Microbes Market Size?

The Solar-Powered Microbes Market is expected to grow at a 5.9% CAGR during the forecast period for 2024-2031.

LB Bulgaricum, E&O Laboratories Ltd, DSM, Associated British Foods plc, Kerry Foods, Kemin Industries Inc, Lesaffre, Angel Yeast Co., Ltd, Lallemand I

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