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Probiotics Market Reflect Impressive Growth Rate to During 2026

02-16-2022 01:07 PM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

Probiotics Market

Probiotics Market

According to a report on the global probiotics market by TMR, the market was valued at US$6,762.2 mn in 2018. TMR predicts that the global probiotics market will expand at 8.3% CAGR during 2018-2026. The market is anticipated to reach US$12,753.4 mn in valuation by 2026 end.

Bottled packaging is expected to remain popular with consumers in the global probiotics market. It is expected to garner 8.7% CAGR growth during 2018-2026 period. The global probiotics market in North America region is also expected to register significant growth. Its appealing and convenient qualities make it a popular offering.

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Increasing Awareness about Consumption of Probiotics to Fuel Growth of Market

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.

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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.

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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.

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Rising Demand for Healthy Bacteria for Gut Health Helping Market Development

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.

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Key players in the global probiotics market are focused on improving distribution channels as online sales grow and offer potential to reach new consumers in the market. Additionally, these players are investing in promotions in emerging countries as the awareness about probiotics in these markets is still in its nascent stages. The key players in the global probiotics market are also investing in research and promotions to further the cause of probiotics as a health supplement to appeal to consumers.

The global probiotics market is a competitive and robust business landscape. The market is increasingly driven by changing consumer preferences and intense rivalries among top players, reports Transparency Market Research (TMR). Prominent players in the global probiotics market are Probi AB, Chr. Hansen Holding A/S, DowDuPont Inc., Nestlé S.A, and BioGaia AB.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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