Ahectic lifestyle, result of longer and more demanding work days and work life,is leading to consumers shift preferences in terms of plugging the dietarygaps. While it is a logical outcome of this lifestyle that more and more peoplehave no time to prepare elaborate meals, packed with nutrition, it is also truethat awareness regarding the same is leading to hustle for capsule health.
Whatthis means is that people are looking for easy to eat, smaller portions offood, which are as healthy as it can get. And, thus, it comes as no surprisethat there is demand for on-the-go nutrition which players in the probiotic ingredientsmarket aretaking head on.
Asper a study done by Transparency Market Research study, the global probioticingredients is set to chart a decent CAGR (Compound Annual Growth Rate) of over6% between 2019 and 2027, helping the market reach a worth of USD 7400 mn bythe end of the forecast period.
GutHealth Taking Centre stage; Leading to Growth in Probiotic Ingredients Market
Themarket will see the stated growth trajectory owing to growing scientific validationand approvals on products related to gut health. Considering that 70% of immunesystem is managed by the digestive tract, it is critical to maintain the healthof this region in order to life a wholesome life. It is also worth noting herethat the most commonly used bacteria strains in the market include lactobacilliand bifidobacteria.
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Itis noteworthy here that this need to maintain good gut health is generatingdemand for dietary supplements in pharmaceuticals, driving demand for probioticingredients.
ForecastPeriod to Witness a Consolidated Competitive Landscape of Global ProbioticIngredients Market
Themarket landscape is only slightly consolidated but competitive and playerscollaborate and partner in order to maintain a fair frasp on the market share.Some of the most prominent names in the market landscape include Kerry(Ireland), DowDuPont (US), CHR. Hansen (Denmark), Biogaia (Sweden), Probi(Sweden),Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UASLaboratories (US), and Biena (US), among others. It is notable that 70% of themarket share is held by three companies - CHR Hansen, DowDuPont, Lallemand andKerry.
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AsiaPacific to Show High Growth Numbers of the Forecast Period
Owingto a predisposition for taking supplements, the APAC (Asia Pacific) region isset to chart a high CAGR over the forecast period. Countries that willcontribute massively to the growth include China, India, and Japan. The growthis attributable to rising awareness in the region too as far as prevention ofdisorders relating to lifestyle choices is concerned.
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