COVID-19 Impact on Rhodobacter Sphaeroides Market
- The COVID-19 outbreak has hindered the demand for rhodobacter sphaeroides in several applications. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for rhodobacter sphaeroides.
- One of the major end-use industries of the rhodobacter sphaeroides market is pharmaceutical industry. Biochemical and biofuels industries are also key end-users of rhodobacter. These industries were majorly hit due to COVID-19 lockdowns. This created a gap in the supply and demand for rhodobacter sphaeroides, thereby restricting its demand.
- The COVID-19 outbreak directly affected the production and demand for rhodobacter sphaeroides. Key players operating in the market are located in Asia Pacific and U.S. These regions accounted for large numbers of COVID-19 Infections, leading to long lockdowns. This hampered the supply of rhodobacter sphaeroides, thus negatively affecting the market.
Key Drivers of Rhodobacter Sphaeroides Market
- Rhodobacter sphaeroides are justified as chassis for biotechnological productions by the omics technique, genome engineering, and phenotypic screening methods. Rhodobacter sphaeroides helps in providing eco-friendly and sustainable supply of bioenergy in a cost-effective way. Technical advantage of using rhodobacter as a production host may outweigh the technical challenges of using a non-traditional organism.
- Rhodobacter sphaeroides are also applicable as fermentation liquid in degradation of pesticide residue without any toxic effect on humans. Pesticides cause serious harm to crops and negative impact on the human health. However, the red bacterium of class ball (rhodobacter sphaeroides) helps in reducing the toxic residues by degrading it.
Restraints of Rhodobacter Sphaeroides Market
- Rhodobacter sphaeroides-derived products are commercialized in the feed and isoprenoid markets but no industrial application exists yet for them. This can be ascribed to the high market price of these compounds, which renders their cost-competitive production challenging.
- Use of genetically modified rhodobacter sphaeroides in commercial feed and isoprenoid markets is not encouraged, as these cause allergic reactions in the general population
Asia Pacific to Constitute Significant Share of Global Rhodobacter Sphaeroides Market
- In terms of region, the global rhodobacter sphaeroides market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific dominated the global market in 2020. Asia Pacific is likely to be a prominent market for rhodobacter sphaeroides in the near future due to the increase in demand for biofuels in the region.
- North America is also a key region of the global rhodobacter sphaeroides market. Isoprenoid is majorly manufactured in the U.S., which accounts for major share of the total consumption in North America.
Competitive Landscape of Global Rhodobacter Sphaeroides Market
Not much competition exists in the rhodobacter sphaeroides market, as very few companies operate in the market. Key players are based in the U.S., Asia Pacific, and Japan; and all the production is based out of these countries. Key players operating in the market are:
- Isobionics BV
- CN Lab Nutrition
- Hebei Shixiang Biological Technology Co., Ltd.
- Prions Biotech
- Nielsen
- Hong
- Calero
- Nikel
Global Rhodobacter Sphaeroides Market: Research Scope
Global Rhodobacter Sphaeroides Market, by Product Type
- Nutraceuticals
- Sesquiterpenes
Global Rhodobacter Sphaeroides Market, by End-use Industry
- Biofuels
- Pharmaceuticals
- Fine Chemicals
Global Rhodobacter Sphaeroides Market, by Region
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Turkey
- Israel
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Rhodobacter Sphaeroides Market Introduction
- Rhodobacter sphaeroides are a kind of purple bacterium that can obtain energy from photosynthesis. Rhodobacter sphaeroides are enzymes used to dissipate excess reducing power, which is useful in growth under reduced carbon resource.
- Rhodobacter sphaeroides are attractive and versatile chassis to explore for applications within the bio-based economy. They exhibit high metabolic versatility, which can be exploited for different process conditions. Rhodobacter sphaeroides are natural producers of relevant bio-based compounds such as isoprenoids and hydrogen. This helps in different types of folds of this microorganism in the biotechnological industry.
