2021-2030 Analysis and Review Probiotic Market
Probiotic Market By Products, By End User, By Strain Types - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030
The global market for probiotics is estimated to grow at a CAGR of 7.5% during the forecast period 2022-2030.Growing obesity and digestive tract issues in consumers and rapid innovation leading to the advancement of healthcare industry which is increasing the trend of the probiotics. Consumers are preferring healthy probiotics supplements over normal foods, is directly benefitting the food and beverages application segment. Moreover, preference of dietary supplements for health improvement and weight loss and weight gainin the recent times is directly fueling the demandin dietary and supplements market.
F&B accounts for over 80% of Global Revenues
On the basis of product segment the market is segmented into food and beverages, dietary products and animal feed products out of which food and beverages accounts for about 82.30% of the global market in 2021, is likely to retain its dominance in the forecast period. This segment is anticipated togrow at a CAGR 7.2% in the forecast period. Increase in disposable income along with rising living standard has fueled the growth in global probiotics market growth.
Lactobacillus is the Fastest Growing Market
the Lactobacillus is the most famous probiotic strain which is most important for the healthy small intestine. Lactobacillus brevis is a lactic acid which producing probiotic that is helpful in creating Vitamins D and K. Lactobacillus species are most essential and predominant bacteria that exist in the small intestine. These types’ species are responsible for generating lactase; the enzyme need to pause lactose (the sugar in milk). Lactic acid also rises penetration of minerals such as magnesium, calcium, iron and copper etc. There are some lactobacillus strain such as lactobacillus acidophilus, Lactobacillus brevis, Lactobacillus bulgaricus, Lactobacillus gasseri, Lactobacillus plantarum etc. the Lactobacillus is the fastest growing strain type segment in the global market which is growing with a CAGR of 8% during forecast period.
Growing Disposable Income Growth Giver
Growing disposable income which result in the rise in healthcare spending across the globe is one of the key factor which is increasing the demand for the probiotic food and drugs in the world. the rising concern for healthy lifestyle is one of the key factor which is directly influenced by the disposable income. the rising disposable income lead toincreasing concern for healthy lifestyle and change in standard of living. As countries become richer, households are naturally willing to forego more consumption of medical advances capable of extending life and improving its quality. the population count over 64 years of age is equal to about 24% of the population between 15 and 64 in advanced economies. the dependency ratio is just 9.64 per cent in low and middle economies.
North America Takes the Lion’s Share
Asia Pacific leads the global probiotic market by capturing a market share of 40.45% in2021. Asia Pacific probiotic market is growing with a CAGR of 7.4% during the forecast period.USA alone accounts for 74% of the total North American marketin 2021. with healthy economic outlook, probiotic market is looking forward for a positive prospect in the US. Increasing health and wellness market, increasing gut related disorders, aging population, increasing life science research investments and sound regulatory environment are the key factors driving probiotics market in US. As per WHO, total geriatric population accounted for 25% (in 2015) of the total population. by 2030, total number of Americans aged 65 years and above is anticipated to reach 70million.
Strategic Initiatives the Game Changer
the probiotic market is filled with number of small & medium scale industries and large industries. the rising demand for the health supplements is the major factor which is creating huge opportunity in the global market. the growing market potential is attracting new players to enter probiotic market. to sustainin the dynamic, market the companies are adopting various strategic initiatives such as acquisition, product launch, partnerships, investment and others. Key players such as nestle, Chr., Danone group, Yakult Honisha co ltd, Hansen holding a/s, etc. are adopting various strategic initiatives to sustainin the dynamic market. the companies across globe are adopting various strategic initiative in which product launch is one of the key strategy which is adopted bykey players to sustainin the global market. Acquisition is the second most strategy which is being adopted by the companies to take the competitive advantages that are adopted by the companies to gain competitive advantages over competitors.
Historical & Forecast Period
This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.
Report Methodology
Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. the derived market estimates were further validated from top down, bottom strategies and primary research. the scope of the market is limited to the following segments of product categories and region.
By Products (2020-2030; US$ Mn)
By End User(2020-2030; US$ Mn)
By Strain Types (2020-2030; US$ Mn)
By Region (2020-2030; US$ Mn)
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)
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