January 20, 2020
According to a latest research report titled ‘Probiotics Market Size By Ingredients (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), By End-Use (Human, Animal), By Application (Food and Beverages {Dairy Products, Non-Dairy Products, Cereals, Baked Food, Fermented Meat Products, Dry Food}, Dietary Supplements {Food, Nutritional, Specialty Nutrients, Infant Formula}, Animal Feed), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 - 2026’, available on MarketStudyReport.com, the global probiotics market is anticipated to surpass USD 3.5 billion valuation by 2026.
Shifting consumer inclination towards food and beverages that are easily digestible coupled with growing awareness surrounding the potential benefits offered by supplements that incorporate probiotics is likely to augment the probiotics industry share.
Additives that are probiotics strain enhanced are used extensively to boost the nutritional profile of meat, baked, and non-dairy preparations. This practice is attributed to the high concentration of vital amino acids and antioxidants in probiotics.
Consumers are actively making a shift towards the probiotics strain fortified alternates of their preferred snacks as they help in healthy digestion, which would subsequently boost the market share.
An increasing geriatric population which has a lower nutritional uptake capability, adoption of unhealthy diets, and rising health awareness might promote revenue growth in the probiotics industry through food supplement applications.
Correcting bacterial concentrations within the digestive tract providing several bacterial strains through a potent dose, and easing abdominal discomfort are some of the benefits provided by food supplements, which would help impel market demand. Additionally, they improve the immune system and prevent fungal and bacterial infections by providing resistance from air-borne pathogens.
Meanwhile, the APAC probiotics market is expected to record a lucrative period of growth in the coming years owing to growing concerns regarding outbreak of diseases among poultry animals. These concerns have pushed the need for meat safety maintenance, which might fuel the market expansion.
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Presence of favorable regulations, increase in animal derivative product consumption, and growing animal rights concern may further boost market share in the region.
The list of renowned probiotics industry players is inclusive of names such as Arla Foods, DuPont Danisco, BioGaia AB, I- Health, Danone, Nebraska Cultures, and Nestle among others.
These players are actively implementing a number of innovative growth strategies like development of new hybrid strains that improve nutritional profile and lower side effects. Companies also frequently ink strategic collaboration agreements and acquire other companies to enter the industry landscape and leverage their existing distribution capabilities and promote product diversification.