Probiotics Market Size - Industry Trends & Forecast Report 2027

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Probiotics Market, By Ingredient, Trend
Analysis, Competitive Market Share
Forecast, 2021-2027
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Probiotics Market- Industry Trends Forecast
Report 2027 A study recently conducted by the
strategic consulting and market research
firm BlueWeave Consulting, revealed that global
probiotics market was worth USD 57.4 Billion in
the year 2020. It is estimated to grow at a CAGR
of 8.0, earning revenue of around USD 97.8
Billion by the end of 2027.  As consumers become
aware of the importance of digestive health, as
well as the rising demand for high-quality foods
and animal-based products, the demand for
probiotics will continue to grow. One can easily
find it in the form of supplements or components
in food and beverages. Probiotics are expected to
grow in the near future, but the high cost of
research and development for breakthrough strains
and international quality standards is likely to
hamper growth.
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Growth Drivers  Growing health concerns Weight
problems, digestive disorders, urinary
infections, gastrointestinal infections, and
other health problems are becoming more
prevalent. Therefore, several key players in the
market have been developing probiotic products to
cure these diseases. Inulin and pectin, two
probiotics that offer many health benefits and
help reduce the frequency and duration of
diarrhea and inflammation and symptoms of
intestinal gastrointestinal disorders, are
driving the growth of the global probiotics
market. Additionally, several European and North
American countries have banned the use of
antibiotics in animal feed, to protect the health
of animals, thus, powering the growth of the
global probiotics market.
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Restraints  Most consumers are unaware of how
to shop for and purchase probiotic foods, and
this discourages the growth of the global
probiotic market. Most people are still unaware
that probiotic foods exist. A lack of knowledge
about probiotics and their beneficial effects
sometimes leads to the consumption of the wrong
type of probiotics, which may not have the
desired effect. The demand for probiotics will
increase as people realize the benefits that can
be derived from them.
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Impact of COVID-19 in industry With the outbreak
of COVID-19, a huge spike in the demand for
immunity-boosting food products and supplements
has been noticed. A probiotic can boost the
immune system and prevent gastrointestinal
pathogens, as well as promote the production of
natural antibodies in the body. Many forms of
probiotics are available in retail stores and
medical pharmacies. Because of the fear of
becoming infected during the pandemic, people
have adopted healthier lifestyles and
increasingly started taking probiotic
supplements. Considering how prevalent virus
infection is among individuals of all ages,
manufacturers are producing probiotics that can
have positive effects on each of them, which in
turn is driving the global probiotics market
forward.
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Regional Insight Based on regions, the global
probiotics market is segmented into North
America, Latin America, Europe, Asia Pacific,
Middle East, and Africa. The forecast period is
likely to see North America as the
fastest-growing region. Growth in the US
probiotic market is expected to be the primary
driving force. Probiotics are increasingly being
used in the food industry due to a growing
preference in the country for healthy and
functional foods. The Asia-Pacific market,
however, holds a major share of the global
probiotics market and is expected to grow at the
highest CAGR during the forecast period. The
growth of the probiotics industry can be
attributed to the rising application industries
in the region.
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Competitive landscape The key players in
the global probiotics market are CHR-Hansen A/S
(Denmark), Novozymes A/S (Denmark), Lallemand
Inc. (Canada), Probi AB (Sweden), Kerry Group
(Ireland), Sabinsa Corporation (US), DowDupont
Inc. (US), Synbio Tech Inc. (Taiwan), Roelmi HPC
(Italy), UAS Laboratories LLC (US), Probiotical
SpA (Italy), Greentech SA (France), Biosearch, SA
(Spain), and BioCC OÜ (Estonia) and other
manufacturers. Sample copy https//www.bluewea
veconsulting.com/report/global-travel-retail-marke
t/report-sample
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