The global probiotic strains market valuation will be USD 5,781.2 million in 2023 and is expected to reach USD 11,983.5 million by 2033. The global market is likely to grow at a CAGR of 8% during the forecast period.
Key Aspects Driving the Probiotic Strains Market
Growing Health Awareness:
The growing concern for health and well-being is the demand for probiotic strains. Health-conscious consumers take serious note of their lifestyles and consume probiotic strains.
Focus on Natural Health: Increasing consumer demand for healthy immune systems is stimulating the adoption of natural products. Consumers are attracted to probiotic products due to their improved digestion and organic ingredients.
Demand for Functional Foods: Consumers maintain their health by adding functional foods to their daily routine. The rising demand for nutrition that offers health benefits is driving sales of probiotic strains.
Regulatory Environment: The food & beverages sector follows strict regulations to reduce toxicity and improve the safety of products. These regulations vary from country to country.
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Fermented Beverages Increasing Consumption is resulting in the Surge in the Demand for Probiotic Strains
Several countries in the European region consume fermented milk products traditionally, in a significantly high amount. The global probiotic strains market driven by the substantial high consumption of fermented milks by these European countries.
Also, other food and beverage products including frozen yogurt, yogurt drinks, kefire, and bakery products use probiotic strains. The consumption of these products is high in the North American and European countries, compared to the rest of the world. However, due to the adoption of Western lifestyle, evolving eating habits, and increase in the affordability of these products, probiotic strains market is growing at a rapid pace in Latin America and Asia.
The global probiotic strains market is driven by the ever increasing popularity of the dietary supplements throughout the world. Probiotic food and beverage products are excellent in maintaining the general digestive health and support gastrointestinal micro-biota. Various functions of the human body are directly connected to the health of the intestinal tract and gut, which fuels the demand for healthy products. Probiotic strains market is propelled by the increasing demand for the dietary supplement.
Probiotic Strains Market: Regional Analysis
At present, the global market of the probiotic strains is majorly occupied by the North Americans and European countries. The majority of the fermented beverages producing manufacturers are present in these regions, which leads to the large share.
However, Asia and Middle East and Africa region will have significant share of the global probiotic strains market in the future. This is supported by the increasing population, awareness and health benefits of the products, expanding food and beverage industry, and increasing purchasing power of the consumers. Asia region is anticipated to witness highest growth rate over the forecast period.
Some of the market participants in the Probiotic Strains market are:
- Hansen Holding A/S
- Probi
- Aumgene Bioscience
- Virchow Biotech Private Limited
- Merck KGaA
- I. du Pont de Nemours and Company
- Koninklijke DSM N.V.
- BioGaia
- Morinaga Milk Industry Co., Ltd.
- Snow Board Milk Products Co., Ltd.
- Danone
- Kerry Plc
- Culturelle
- Urex Biotech
The research report presents a comprehensive assessment of the Probiotic Strains market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Probiotic Strains Market Segmentation
On the basis of type, the probiotic strains market can be segmented as:
- Lactobacillus acidophilus
- Lactobacillus rhamnosus GG
- Bifidobacterium bifidum
- Other
On the basis of form, the probiotic strains market can be segmented as:
- Dry
- Liquid
On the basis of end-use, the probiotic strains market can be segmented as:
- Food and Beverages
- Yogurt Drink and Fermented Milk
- Fruit Juice
- Bakery
- Meat Products
- Pharmaceuticals
- Functional Food
- Animal Feed
- Dietary Supplement
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