Published Date : 12 Sep 19 | Views: 73 | Industry : Life Science
Among ingredient types, bacteria is predicted to collect a remarkable share of the global probiotic ingredients market due to increasing research on their crucial health benefits. Probiotic ingredients find application in animal feed probiotics, probiotic dietary supplements, and probiotic food and beverages. Among these, probiotic food and beverages could show high market growth in the coming years. Human probiotics and animal probiotics are key end use segments of the global market. Human probiotics are used in cereals, cheese, and juices. Probiotic animal feed could play an important role in reducing the mortality rate in animals.
Asia Pacific is prognosticated to trail Europe on the basis of market size. Improving living standards and decent demand for functional foods are expected to support the growth of the Asia Pacific probiotic ingredients market. Manufacturers are anticipated to show interest in Japan, India, and China to build new facilities. In terms of market share, Europe is expected to take hold of a commanding share of the global market while riding on key factors such as easy availability of probiotics and high presence of leading players in the region.
The report includes company profiling of some of the prominent names of the global probiotic ingredients market such as Lallemand, Inc., Danone, Inc., Danisco A/S, Chr. Hansen Holding A/S, BioGaia AB, Biocodex, Inc., Sabinsa Corporation, Ganeden, Inc., and Probiotical S.p.A. Manufacturers are prophesied to partner with dairy businesses to increase the market exposure of their proprietary strains. Asia Pacific could be among the preferred markets for players to expand their regional market presence.
Rise in Geriatric Health Problems to Drive Demand for Probiotic Ingredients
Rising awareness about preventive healthcare through various government initiatives and programs by healthcare institutions, charities, and non-profits is predicted to highlight the global probiotic ingredients market. Growth in global geriatric population could be another factor augmenting the demand for probiotic ingredients. Diseases such as bowel diseases, respiratory infections, and oral health problems are highly prevalent in geriatrics, and probiotic ingredients are used to cure these diseases. Advent of new approaches to healthcare is anticipated to help with the growth of the global market. High research and development of probiotic ingredients is foretold to increase interest in the global market.