Probiotics Market : Description
Functional foods with probiotics have been found to improve general human health. Probiotic dairy goods (cheese, yoghurts, and milk) and probiotic non-dairy items can be generically categorised as probiotic foods and beverages (juices, kombucha, bakery, meat, and baby food). With the rising demand for yoghurt around the world over the past ten years, the market for probiotic dairy products has gradually grown. Based on the bacterial strains utilised, such as Lactobacillus and Bifidobacterium, different probiotic products are categorised. Most dairy products, including ice cream and cheese, include probiotics in the form of bacteria, which helps to improve intestinal health.Some of the primary factors are the potential health advantages of probiotic-based functional meals and the involvement of international organisations in the R&D approvals of probiotics.
Probiotics Market : Overview
The global probiotics market size was valued at $34.1 billion in 2020, and is projected to reach $73.9 billion by 2030, registering a CAGR of 8.6%. The market is being propelled by the rising consumer preference for preventative healthcare along with the creation of effective probiotic strains. Probiotics have positive benefits on the body when ingested in sufficient levels, such as enhanced gut health and decreased intestinal inflammation. Probiotics are essential for preventative healthcare since they boost immune function and stop the development of diseases. Therefore, during the course of the forecast period, increasing awareness of preventive healthcare is anticipated to fuel market expansion.
Growth Motivators
Probiotics help with digestion and have various benefits, including boosting immunity, maintaining gut health, controlling weight, preventing obesity, and many more. In the upcoming years, the business is projected to be driven by the rising public knowledge of the health benefits. Consumers are gravitating toward a plant-based diet as a result of rising health consciousness among consumers and the vegan movement. To increase their client base, numerous organisations and significant industry players are launching plant-based probiotics.Additionally, it is projected that major players’ increasing investments in R&D of novel goods will positively affect the industry’s expansion. For instance, Amorepacific Group established its new Green Tea Probiotics Research Centre in February 2022 to advance research on lactobacillus, which was recently found in Jeju organic green tea. As a result of the advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients being more cautious, along with unmatched online access to astonishing amounts of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customised healthcare services. The COVID-19 epidemic has also increased demand for healthcare and related goods and services, boosting the performance of the healthcare sector as a whole.
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Segment Analysis
Global Probiotics Market: Top Key Players
DuPont (Danisco)
Chr. Hansen
Lallemand
China-Biotics
Nestle
Danone
Probi
BioGaia
Yakult
Novozymes
Glory Biotech
Ganeden
Morinaga Milk Industry
Sabinsa
Greentech
Biosearch Life
UAS Laboratories
Synbiotech
Global Probiotics Market: By Types
Bifidobacterium
Lactobacillus
Global Probiotics Market: By Applications
Food & Beverage
Drugs
Dietary Supplements
Key Regions & Countries
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Physiotherapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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