Probiotics Market 2021 Industry Outlook, Top Players, Size, Shares, CAGR by the end of 2026
Probiotic strains are enhanced additives with a rich concentration of antioxidants and vital amino acids. These probiotic products find extensive usage in non-dairy, meat, and baked preparations to enhance the nutritional count. A research report compiled by Global Market Insights, Inc., states that the global probiotics market size will cross a yearly revenue of more than USD 3.5 billion by 2026.
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Preference for food supplements
Demand for probiotic food supplements will be driven by the expansion in the number of geriatric individuals with minimum nutritional intake capacities, growing health awareness as well as the prevailing adoption of unhealthy diets. Food supplements provide multiple bacterial strains in a potent dose.
They boost the immune system by preventing bacterial and fungal infections by offering resistance against airborne pathogens. The supplements improve the bacterial concentrations in the digestive tract, as well as assist in reducing abdominal discomfort. Hence, the consistent use of probiotic supplements will reach a significant industry share through the next few years.
Increased demand in the Asia Pacific
The probiotic industry of Asia Pacific is anticipated to rise at an exponential rate through 2026. This is owing to the presence of various government regulations and the increasing consumption of animal derivative products like eggs, meat, and milk in the region. Regional suppliers are consistently working on manufacturing innovative probiotic products to prevent the outbreak of chronic conditions in ruminants and chickens, as well as to improve the quantity and quality of these food items.
Also, the rise in disease outbreak concerns pertaining to poultry animals has bolstered the need for maintaining meat safety. An inclining consumer appeal towards animal rights will further stimulate the regional probiotic penetration.
Government regulations in Europe and North America
Europe probiotic market size will hit a substantial growth rate through the coming years with a higher requirement for high-quality dietary additives. This can be attributed to the growth of the older population base and their awareness of the benefits incurred from probiotics strain-induced diets. There is robust government support for the use of these probiotics in the food & beverage market as well as animal feed production in Europe and North America.
Competitive landscape from product diversification
Providers of probiotic supplements are implementing various marketing strategies to establish distribution networks while offering product diversification. These firms are focusing on R&D investments to come up with hybrid strains that counter adverse health effects and enhance the nutritional profile of the consumers.
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The present coronavirus pandemic has pushed the demand for various types of probiotics as consumers are turning towards nutritive enhanced food options. For instance, DuPont Nutrition, in September 2020 introduced YO-mix prime and YO-mix fast, the company’s latest offerings in dairy culture and probiotic formulations in the Chinese market to help yogurt producers with new solutions for differentiation.
Moreover, there is a rising appeal by the customers to consume alternate versions of their favorite snacks that are enhanced by the probiotic supplements as they help in healthy digestion. Arla Foods, BioGaia AB, Danone, Danisco, Nebraska Cultures I- Health, and Nestle, are some of the well-known probiotic brands in the business.
Read Our More FOOD, NUTRITION AND ANIMAL FEED Reports at: https://www.gminsights.com/industry-reports/food-nutrition-and-animal-feed
Natural Sweeteners Market: https://www.openpr.com/news/2290591/natural-sweeteners-market-scope-drivers-restraints
Plant Milk Market: https://www.openpr.com/news/2290603/plant-milk-market-5-pivotal-trends-top-players-size-shares
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