Pune, India, November 02, 2021 (GLOBE NEWSWIRE) – According to the report published by Fortune Business Insights â¢, The global probiotics market is expected to show considerable growth reaching USD 94.48 billion by 2027 while posting a CAGR of 7.9% between 2020 and 2027.
The increasing demand for food products fortified with healthy probiotics and the increasing adoption of technology by companies are attributed to the growth of the market. This information is published by Fortune Business Insights, in its latest report, The research further mentions that the market was at $ 48.88 billion in 2019.
Increased consumption of healthy food products amid COVID-19 to fuel demand
To reduce the risk of the novel coronavirus, people eat a healthy, balanced diet. The growing demand for immunity boosting products such as probiotics which improve gut health and overall health is expected to bode well for market growth in the near future.
Probiotics are healthy yeasts and bacteria that aid in the overall development of the digestive system and keep the gut healthy. Some of these widely adopted supplements are Bifidobacterium, Lactobacillus, and Saccharomyces which offer several health benefits when consumed regularly. Besides improving the gut, they help reduce depression and promote healthy heart function in the consumer. They are usually added to food products such as yogurt and are considered to be an immunity boosting product across the world.
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List of profiled companies in the world Probiotics Market are:
- DuPont (Danisco A / S) (Delaware, United States)
- Chr. Hansen (Horsholm, Denmark)
- Kerry Inc. (Tralee, Ireland)
- Post Holdings, Inc. (Missouri)
- Pepsico, Inc. (New York, United States)
- Evolve Biosystems, Inc. (Davis, CA)
- Danone SA (Paris, France)
- Lallemand Inc. (Canada)
- Yakult Honsha (Japan)
- NestlÃ© SA (Vevey, Switzerland)
MAIN DRIVING FACTORS
Increased consumption of immunity boosting food products to boost demand
The increasing prevalence of lifestyle-related diseases such as obesity and diabetes is driving the demand for a healthy and balanced diet. According to the World Health Organization (WHO), the global rate of obesity among people has tripled since 1975. This alarming rate at which lifestyle-related diseases are increasing is driving demand for immunity-boosting products such as probiotics around the world. Additionally, the increasing adoption of technology allows manufacturers to educate consumers about the health benefits of consuming such a diet. These initiatives are further expected to drive the growth of the global probiotic bacteria market during the forecast period.
The supermarket / hypermarket segment held a market share of 61.33% in 2019
The supermarket / hypermarket segment held a market share of around 61.33% in 2019 and is expected to experience considerable growth due to high product availability and ease of access, while offering multiple discounts and discounts. in silver.
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Asia-Pacific remains in the foreground; Increase consumption of fermented drinks to promote growth
Among all the regions, Asia-Pacific is expected to show exponential growth and occupy the highest position in the global probiotic bacteria market. This dominance is attributable to the increasing consumption of fermented food products which provide a healthy gut and a balanced overall diet.
The market in North America was worth USD 8.30 billion in 2019 and is expected to show significant growth during the forecast period. This is attributable to factors such as the increasing prevalence of lifestyle-related diseases and the presence of established manufacturers who are focused on developing innovative products in the region between 2020 and 2027.
Large companies focus on introducing innovative products to strengthen their market positions
The global probiotics market is fragmented into several large companies who are striving to maintain their presence by introducing new probiotic products to meet growing demand and consolidate their position. The adoption of strategies such as partnership, collaboration and merger and acquisition by key players to expand their distribution network will drive the market growth in the years to come.
Key industry development:
June 2020 – Pendulum Therapeutics announced the launch of Pendulum Glucose Control, the very first medical probiotic proven to reduce spike in blood sugar and A1C.
Browse the detailed summary of the research report with the table of contents:
Detailed table of contents:
- Scope of research
- Market segmentation
- Research methodology
- Definitions and assumptions
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- Emerging trends
- Key ideas
- Parent market overview
- SWOT Analysis of the Industry
- Supply chain analysis
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
- Qualitative analysis (in relation to COVID-19)
- Impact of COVID-19
- Supply chain challenges
- Potential opportunities due to COVID-19
- Global Probiotics Industry Analysis, Outlook and Forecast, 2016-2027
- Main conclusions / Summary
- Market size estimates and forecasts
- By microbial genus (value)
- By application (value)
- Functional foods and drinks
- Food supplements
- Animal feed
- By distribution channel (value)
- Supermarkets / Hypermarkets
- Pharmacies / health food stores
- Convenience Stores
- Online shops
- By region (value)
- North America
- Asia Pacific
- South America
- Middle East and Africa
- By microbial genus (value)
Table of contents continuedâ¦!
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Take a look at the related research analyzes:
Nutraceutical market size, Share and Industry Analysis, by Product Type (Functional Foods, Functional Drinks and Dietary Supplements), Distribution Channel (Supermarkets / Hypermarkets, Convenience Stores, Online Retail and Others) and Regional Forecast, 2019-2026
Food supplement market size, Share and COVID-19 impact analysis, by type (vitamins, minerals, enzymes, fatty acids, proteins and others), form (tablets, capsules, liquids and powders) and regional forecast, 2020-2027
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