BACILLUS SUBTILIS MARKET ANALYSIS

Regional Analysis

Global Bacillus Subtilis Market Outlook:

• Western European economies of Germany, U.K., and France are the major contributors to the growth of the bacillus subtilis market for waste water treatment. According to World Health Organization (WHO), in 2015, out of 912 million people living in the WHO European region, more than 60 million people were devoid of proper water sanitation facilities and an additional 14 million people did not have access to safe drinking water. Increasing awareness about waterborne diseases is expected to propel the growth of bacillus subtilis market in near future.
• Bacillus subtilis is utilized in applications such as feed additives, pesticides, and starch processing which directly cater to the food industry. Increasing demand for food & beverages in Asia Pacific economies such as China and India has in turn boosted Bacillus subtilis market growth. With a population of 1.3 billion, China has surpassed the U.S. as the world’s largest consumer of food and beverages. According to the China Britain Trade Council, the food industry in China had overall turnover of US$ 514 Bn in 2014. According to the India Brand Equity Foundation (IBEF), the food processing industry in India was valued at US$ 258 Bn in 2015. These factors are expected to fuel the growth of the bacillus subtilis market
• The pharmaceutical industry in India and China is thriving due to a population boom in these countries. The economies together accounted for 36% of the world’s population in 2016. The low cost of labor and raw materials for pharmaceuticals has resulted in India becoming a hub for pharmaceutical manufacturing. According to the Indian Brand Equity Foundation (IBEF), India accounted for 20% of the world’s supply of generic drugs. Also, with government initiatives such as Pharma Vision 2020, the pharmaceutical industry is slated to grow in India. This is expected to result in increased pharmaceutical applications where the microbe is used as an antigen bearer and thrombolytic agent.