Trends of Probiotics Market Reviewed for 2021 with Industry Outlook to 2031
As an impact of busy, modern lifestyle, the consumption of healthy food among humans has been limited, and at times, individuals disturb the delicate balance of the body’s intestinal flora, which can cause occasional gastrointestinal discomfort, and infection in other body parts. Therefore, a healthy balance of intestinal flora and infection control can be supported through the consumption of food or food supplement products that contain friendly live bacteria cultures, commonly referred to as 'probiotics'. Probiotics are live micro-organisms, when administered in adequate amount confer a health benefit on the host”, is the standard definition provided by the Food and Agriculture Association (FAO) of the United Nations. These friendly and live bacteria, when administered to and/or consumed by humans in the non-food form, are referred to as 'probiotic supplements’, which are generally available either in the form of tablets, capsules, powder, liquid, chewables, and others.
Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=386
The global revenue generated from
Probiotics market is estimated to be valued at roughly US$ 6,762.2 Mn by the
end of 2018 and is expected to increase at a CAGR of 8.3% over the forecast
period. Global Probiotics market are expected to be valued at approximately US$
12,753.4 Mn by the end of 2026.
Key Drivers & Restraints Impacting the Market Performance through
2026
Consumption of antibiotics per
capita is increasing on the backdrop of the increase in healthcare
expenditure and out of pocket pharmaceutical spending. Low and middle income
countries are growing in terms of per capita disposable income, and this factor
is boosting antibiotic consumption in these countries. Furthermore, favorable
policies to push antibiotics in these countries have amplified the usage of
antibiotics in some of these countries. Excessive usage of antibiotics by an
individual results in imbalance of microbiota, and also lowers the bacterial
diversity as well as overall bacterial count in the gut.
Harmful effects of excess antibiotic
consumption has been reported, necessitating the additional supplementation of
friendly bacteria into the body. Some of these bacteria have also developed
antibiotic resistant characteristics, and do not respond to the consumed
antibiotics. It is thus important to replenish such bacteria in the body, thus
nucleating targeted bacterial strain consumption. A larger chunk of such
population relying on antibiotics has absorbed the importance of probiotic
supplements, and have started consuming them. The consumption of antibiotics
has shown a significant rise in BRICS countries in the last decade; some antibiotics
are available over the counter in these countries. Needles to says, probiotic
supplement manufacturers have also adopted a targeted approach in these
countries, and have invested in marketing efforts. These factors collectively
are expected to support the overall demand for probiotic supplements across the
globe.
Market Taxonomy on the Basis of Form, Packaging Type, & Distribution
Channel
By form, the Probiotics market is
segmented into dry and liquid. The dry segment is further sub-segmented as
tablets/ caplets, capsules, powder/ granules and chewables. The dry segment is
likely to be the most attractive segment in the forecast period owing to the
availability of larger product variants coupled increasing product offerings in
powder/granule format.
On the basis of packaging type, the
Probiotics market can be segmented into blisters, bottles, containers, sachets,
stick packs, droppers and others. Among all these segment the containers
segment is estimated to account for a significant revenue share of 24.7% in
2018 and is expected to register significant growth rate during the forecast
period. However the bottle segment is expected to register comparatively
largest CAGR growth of 8.7% during the forecast period.
Furthermore, on the basis of
distribution channel, the Probiotics market is segmented into hypermarkets/
supermarkets, pharmacies/ drugstores, specialty stores and online sales.
Purchase A Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=386<ype=S
Analysis of Key Regional Markets & Key Market Players
On the basis of region, the market in
North America and Europe is expected to dominate in terms of value share over
the forecast period followed by Asia Pacific. Asia pacific is expected to
become a prominent market by the end of the forecast period with a significant
CAGR attributed to increase in product penetration and rising awareness through
various promotional activities.
Some of the major companies operating
in the global Probiotics market are Chr. Hansen Holding A/S, BioGaia AB, Probi
AB, Nestlé S.A., DowDuPont Inc., The Procter & Gamble Company, Probiotics
International Limited, Lallemand Inc. Pfizer Inc., PharmaCare Laboratories, Dr.
Willmar Schwabe Group, SymbioPharm GmbH and others.
Increasing Demand
for Healthy Bacteria for Gut Health will Boost Probiotics Market
The rising popularity of customized
medication is likely to aid in expansion of the global probiotics market.
Utilization of anti-infection agents per capita is expanding on the scenery of
the increment in medical services use and cash based drug spending. Low and
center pay nations are filling as far according to capita extra cash, and this
factor is boosting anti-toxin utilization in these nations. Besides, good
arrangements to push anti-toxins in these nations have enhanced the use of
anti-infection agents in a portion of these nations. The demand for healthy
bacteria with heavy investments for promotional activity will further aid in
expansion of the global probiotics market in the future years.
Anti-microbials are progressively
utilized in different clinical diagnosis around the globe. Furthermore, discretionary
cashflow is on the ascent in arising nations. Developing mindfulness with
respect to results of anti-infection agents is relied upon to help the
worldwide probiotics market. Probiotics, for example, lactobacillus acidophilus
are likely to bring down cholesterol, and furthermore assist with loose bowels
and bacterial vaginitis.
The contradictory effects of
consuming antibiotics have been accounted for, further propelling the addition
of bacteria that benefits the body. A portion of these microscopic organisms
have additionally evolved anti-microbial safe attributes, and don't react to
the devoured anti-infection agents. It is accordingly important to recharge
such microorganisms in the body, along these lines nucleating focused on
bacterial strain utilization. A bigger piece of such populace depending on
anti-toxins has assimilated the significance of probiotic supplements, and has
begun burning-through them. The utilization of anti-microbial has indicated a
huge ascent in BRICS nations in the most recent decade; a few anti-infection
agents are accessible over the counter in these nations. Needles to says,
probiotic supplement makers have additionally embraced a focused on methodology
in these nations, and have put resources into promoting endeavors. These
variables all in all are required to help the general interest for probiotic
supplements across the globe.
Comments
Post a Comment