Probiotic Strains Market is expected to generate an incremental $ opportunity of US$ 50.8 Bn between 2022 and 2030.
Category: Food & Beverages Published Date : June 2022 ID: CVC-00140-FNB Format: PDF Pages: 308
Probiotic Strains Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Probiotic Strains Market was worth US$ 64.8 Bn and is expected to grow at a CAGR of 7.5% over the forecast period. The market is expected to hit US$ 115.6 Bn by 2030 end.
Probiotic strains are utilized to improve overall health and gastrointestinal microbiota. When ingested in sufficient quantities, probiotics have beneficial effects on the body, such as better gut health and reduced intestinal inflammation. Probiotics are important in preventive healthcare since they improve the immune system and help prevent disease.
What are the causes driving the rise in demand for Probiotic Strains?
The global demand for probiotic ingredients is increasing as customers become more aware of their direct relationship to digestive health benefits, demand for high-nutrient foods rises, and demand for quality feed products rises. Probiotics can also be found as supplements or as ingredients in foods and beverages.
Probiotic strains’ health benefits include pathogen suppression, a strong source of Vitamin B2, B6, and B12, improvement of lactose intolerance, and serum cholesterol decrease. Probiotic strain increased sales can be linked to the fact that probiotic strains are recognized to offer numerous health advantages and are employed in supplements, food and beverage, pharmaceutical, and animal feed industries.
What are the opportunities in the Probiotic Strains Market?
Consumer preference for natural products is a major element driving the demand for and sales of probiotic strains. Probiotic strain demand will increase as probiotic bacteria-enriched food has grown in favor among purchasers seeking honest answers to various health conditions. The body of research tying the product’s use to health advantages and the growing popularity of probiotic strains as a cost-effective, safe option for pharmacological solutions are projected to drive up demand for probiotic strains.
Probiotic strains sales will also increase due to the adoption of Western lifestyles, changing dietary habits, and a rise in the affordability of these goods, resulting in the rapid growth of the probiotic strains market. The demand for dietary supplements will propel the probiotic strains market forward. Probiotic strains are also being explored for their anti-tumor impact, which will benefit millions worldwide, increasing demand for probiotic strains.
The COVID-19 pandemic resulted in a significant increase in demand for immunity-boosting foods and supplements. Probiotics are widely known for their immune-boosting characteristics since they provide strong protection against gastrointestinal infections while encouraging the synthesis of natural antibodies in the body.
Why is it projected that bacteria Probiotic Strains would account for a bigger market share?
The bacteria category topped the global market with a revenue share of more than 80.0% in 2021. The bacterial strains in probiotic foods provide health benefits, such as increased lactase production, diarrhea prevention, irritable bowel syndrome (IBS), and enhanced immunity of Lactobacilli.
Most probiotics are bacterial, with Lactobacillus or lactic acid bacteria being the most common. These components are mostly used in fermented foods, including kefir, sauerkraut, yogurt, and kimchi. Another important application segment for bacterial details is dietary supplements.
Why is the pharmaceutical segment expected to expand fast throughout the projection period?
Because of increased diseases such as antibiotic-associated diarrhea, inflammatory bowel disease, lactose intolerance, irritable bowel syndrome, vaginal infections, rheumatoid arthritis, liver cirrhosis, and immune enhancement, the pharmaceuticals segment is growing at the fastest rate. Consumption of dietary supplements for overall health improvement among consumers will boost category expansion during the forecast period.
Why is the Food & Beverage segment expected to grow at the fastest CAGR throughout the projected period?
The probiotic food & beverages sector topped the global market with a revenue share of more than 75.0% in 2021.
Probiotics are incorporated to increase the overall nutritional value as well as the flavor of the baked goods. Probiotic muffins and nutritious bars, among others, have been introduced into the market. The consumption of these probiotic-infused baked products has increased in recent years due to the rising inclination toward preventive healthcare.
Why is the Dry form category expected to rise the fastest during the projection period?
The dry form is expected to dominate the market over the forecast period due to cheaper transportation costs than the liquid form. Manufacturers and suppliers prefer dry probiotic components because they have a longer shelf life.
Why is the animal end-user segment expected to expand fast throughout the projection?
The use of probiotic strains in animal nutrition is increasing. Probiotic strains are used in feed to increase the efficacy of nutrients and to demonstrate their effects on the gut by assisting digestion and minimizing the influence of harmful bacteria, which causes a variety of ailments in animals. Animals might grow faster since the feed has been improved in terms of quality and palatability due to the added probiotic content. Probiotic strains aim to address inadequacies in natural microflora and give animals improved disease resistance.
Why is the United States posing such a large probiotic strain market?
The presence of demographic-specific probiotics, such as those for geriatrics and females, distinguishes the market in the United States. These niche markets have allowed regional players should implement various techniques in order to expand their product portfolio and utilize their resources Excessive demand for probiotic-based food and beverage products, as well as dietary supplements, is predicted to drive the market in the United States over the next few years.
Which region has promising opportunities in the Probiotic Strains market?
In 2021, Asia Pacific commanded more than 40.0% worldwide revenue share. Because of the competitive techniques used by multinational firms, the region is seeing a significant increase in consumer awareness. Response from countries such as India, China, and Australia is helping to drive overall development. The expanding population, rising disposable income, and improved standard of life are predicted to fuel regional market expansion.
The strong demand for functional foods and dairy products, large regional players, and awareness of the benefits of employing probiotics are all factors that influence these market shares.
The probiotic ingredient competitive environment is fragmented, with several large and small competitors concentrating in the market. Because the emphasis is on human-use products, competition is fierce to supply the functional food and pharmaceutical businesses, where demand is considerable. New firms aiming to break into the probiotic components market to serve the animal feed sector are seeing significant growth.
Some of the key developments that have taken place in the Probiotic Strains Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Distribution Channel:
By Region and Country:
Global Probiotic Strains Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Source, Form, Application, End-user, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|