— Probiotics Ingredients Industry 2019
Probiotics are live yeasts and bacteria, and they are good for the human body. They are extremely helpful for the human digestive system. Most people associate bacteria with diseases. But, the human body is having a lot of bacteria, both good and bad. Probiotics are good bacteria and commonly known as helpful bacteria responsible for good health. Probiotics are often used in the treatment of Inflammatory bowel disease, diarrhea caused by antibiotics and Irritable bowel syndrome. Big companies are heavily investing in the research and development of dietary supplements which will increase the scope for future growth.
The global probiotics ingredients market size is estimated to reach 3.97 billion by 2026 and is anticipated to grow at a CAGR of 6.9 % from 2019 to 2026.
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The availability of Probiotic food in supermarket, shops, and medicine store will increase the public awareness and will be the key to boost the market share in the future. Probiotics have a presence in products like yogurt, a fermented tea, pickles, and juices. So the industry-leading companies in these sectors are putting more money on Probiotics due to increased demand.
The market can be segmented into by Type, Application, and End-Users. The Type section includes Bacteria, Bifidobacterium, Saccharomyces Boulardi, Streptococcus and Enterococcus, Yeast, Spore Formers, Lactobacillus, Coli and Saccharomyces Cerevisiae. The application segment includes Probiotic Dietary Supplements, Animal Feed Probiotics, Probiotic Food & Beverages, and others. The End-Users section includes aspects like Human Probiotics and Animal Probiotics.
Geographical Market Analysis
The geographical segmentation of global Probiotics Ingredients market includes regions like Noth America, Europe, the Middle East and African region, Asia Pacific and Central and South America. Some of the focused countries are the USA, Canada, India, Brazil, South Africa, China, Saudi Arabia, the UK, France, Germany and Mexico.
The Asia Pacific, now known as Indo-Pacific is expected to lead the market segment in terms of revenue. The demand for Probiotics Ingredients in China and Japan are sky-high due to the awareness about cardiovascular and gastrointestinal health among the public.
The increasing investment for health care and sports nutrition will only help the industry to grow further. The North America region comes next and has an opportunity to cement its place by increasing the investment.
Key players in the Probiotics Ingredients Market
Some of the key players in the global Probiotics Ingredients market are Hansen Holding A/S, Danisco A/S, Biocodex Inc., Danone Inc., and Chr. Lallemand Inc.
Current updates from the industry
Canine multivitamins can be used for the pet’s nutritional boost. The multivitamin promotes a healthy life by adding the required vitamins and minerals essential for a pet’s diet. The Canine multivitamin tablet also includes probiotics for better nutrition. This organic tablet can bring more goods as compared to multiple supplements. Due to its low price, it can potentially replace the traditional old diet and provide your dog with a healthy life.
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