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Probiotics Market 2020 | Know the Latest COVID19 Impact Analysis And Strategies of Key Players

Probiotics

Probiotics

Probiotics are classified as beneficial bacteria’s that promote the healthy functioning of the gut. They are basically consumed to treat the digestive disorder. Probiotics improve the immune response and also preserve the proteins & lipids from oxidative destruction. Probiotics are available in the form of tablets, powders, capsules, and gel.

The global probiotics market is projected to surpass US$ 80.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.8% during the forecast period (2020 to 2027).

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Drivers

Increasing consumption of functional and dietary supplements that have probiotics is expected to foster the market growth. Yogurts products are gaining huge demand for which manufacturer are continuously introducing a variety of products, thereby fueling the market growth of probiotics. For instance, in September 2019, Brownes Dairy has expanded its Western Australia market with the launch of Wiggles, a new range of prebiotic yogurt pouches. Wiggles yogurt pouches use a prebiotic fiber extracted from a plant called chicory root to help support the digestive health of consumers.

Market Restraints

Lack of proper regulations in the probiotics industry is expected to hinder the market growth. Moreover, probiotics require proper storage facility as they are highly sensitive organisms that may easily get weakens from various environmental factors. Also, most of the probiotics are unstable at room temperature. All these factors are hampering the market growth.

Market Opportunities

Increasing demand for probiotic beverages among health-conscious consumers is expected to offer lucrative opportunities to the market in the near future. For instance, in April 2020, Neuro has launched a new digestive beverage called Probucha – derived from ‘probiotics’ and ‘kombucha’. The shelf-stable drink is lightly carbonated with natural flavoring, including Meyer lemon and ginger to aid digestion. Its probiotic benefits are derived from a single ingredient called Bacillus subtilis which makes it safe to store at room temperature.

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Detailed Segmentation:

Global Probiotics Market, By Type:
Probiotics Food and Beverages
Probiotics Dietary Supplements
Probiotics Animal Feed

Global Probiotics Market, By Application:
Human Probiotics
Animal Probiotics

Global Probiotics Market, By Ingredient:
Lactobacillus
Streptococcus
Bifidobacterium

Global Probiotics resins Market - Impact of Coronavirus (Covid-19) Pandemic

There have been unprecedented variations in the global sales of food products owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of perishable foods has led to certain foods being in very limited supply, which in turn has led to price fluctuations in global probiotics market. This scenario is expected to hinder the growth rate the market till the early months of 2021.

Competitive Section

Key players are operating in the global probiotics market are BioGaia AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB, Lifeway Foods, Inc., Mother Dairy, General Mills, Inc., China-Biotics, Inc., Yakult Honsha Co., Ltd., and E. I. du Pont de Nemours and Company

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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