The global market grew at a steady historical growth, with a valuation of US$ 5,369.5 million in 2022. The diversified applications of probiotics for animal nutrition, skin care, food & beverages, etc., have increased demand for probiotic strains.
The global probiotic strains market valuation is US$ 5,781.2 million in 2023 and is expected to reach US$ 11,983.5 million by 2033. The global market is likely to grow at a CAGR of 8% during the forecast period.
The Probiotic Strains Market is experiencing remarkable growth as consumers increasingly recognize the importance of gut health and its impact on overall well-being. Probiotics, live microorganisms with proven health benefits, are gaining popularity in various applications, including supplements, food, and beverages. Their ability to support digestion, boost immunity, and maintain a balanced microbiome is driving the market’s expansion.
The probiotic strains are used for the general well-being and enhancement of the gastrointestinal microbiota. Other health benefits of the probiotic strains include the suppression of pathogens, a good source of Vitamin B2, B6, and B12, improving the lactose intolerance condition, and reduction in serum cholesterol. The probiotic strains are also studied for their anti-tumor effect.
These probiotic strains are known to have various health benefits and are used in supplements, food and beverage, pharmaceutical and animal feed industries. Currently,?Lactobacillus?and?Bifid bacterium?are the most popular probiotic strains in the global market.
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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.
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Probiotic Strains Market: Key Participants
Some of the market participants in the Probiotic Strains market are:
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
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.
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Probiotic Strains Market Segmentation
On the basis of type, the probiotic strains market can be segmented as:
On the basis of form, the probiotic strains market can be segmented as:
On the basis of end-use, the probiotic strains market can be segmented as:
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Feb 04, 2024
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