Global Market Insights, Inc. has added a new report on Probiotic Ingredients Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.
Probiotic Ingredients Market may exceed USD 3 billion by 2024; according to a new research report. Growing healthcare concerns along with rapid geriatric population growth may lead to high usage of functional food & beverages particularly in China, India and Japan. Strict government regulations in EU regarding ban of antibiotics may lead to increased consumption of probiotics strains in various baked and dairy products such as yogurt, cheese and cakes thereby stimulating probiotic ingredients market growth.
Animal probiotic ingredients may register gains at over 7.5% up to 2024. These products are used as animal feed additives which aids in enhancing growth performance and provides feed efficiency in aquaculture, cattle, swine and poultry livestock. Additionally, lactobacillus used in animal feed improves growth performance, nutrient utilization, gut health feed conversion efficiency and regulates immune system. Rising livestock production on account of increasing demand for meat and dairy products may enhance probiotic ingredients market demand.
Probiotic ingredients market from dietary supplements may surpass USD 275 million by the end of forecast period. These are beneficial bacteria improving various health conditions such as irritable bowel syndrome, diarrhea, along with improving gut health and immunity. Dietary supplements containing probiotic strains are easily absorbable, easy to incorporate and promote overall health and wellness thereby providing essential nutrients in the body. Rising consumer awareness of functional ingredients and rapid prevalence of digestive health issues may foster Probiotic Ingredients Market Growth.
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Probiotics are live microbial bacteria which are used in supplementing human and animal diets as they strengthen immune system and help in quick & efficient digestion. Probiotics also help in increasing resistance against pathogens, microbes, and bacteria by aiding the production of digestive enzymes and triggering the production of healthy gut bacteria. They are compatible with various food applications such as bakery and dairy products which may boost market share.
Probiotics strains are widely used to fortify beverages as they aid in maintaining salt balance and reduce dehydration by regulating the flow of digestive juices which should trigger market demand. Regular consumption of probiotic induced beverages keeps the stomach, intestines and colon clean thereby aiding in proper digestion of essential nutrients and reducing symptoms of acid reflux which may augment market share.
The use of probiotic strains in fermented meat products such as salami and ham increases the elasticity of dough which makes it easier for stomach acids to breakdown complex protein and eases digestion. Probiotics help in increasing the shelf life of meat products by providing natural defense against airborne mold and bacteria thereby reducing the risk of cross contamination which should augment market growth.
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China probiotic ingredients market demand may witness growth at above 7% by 2024. Rising meat production backed by financial support from government subsidies coupled with rapid industrialization and middle class population may enhance regional growth. Additionally, increasing trends towards eating out and growth in fast food industry may stimulate meat consumption. Rising health cautiousness and growing awareness regarding feed additive products among livestock farmers may stimulate eubiotics market growth.
Global probiotic ingredients market share is competitive among major industry participants such as Danone, General Mills, Yakult, Nestle, Lallemand, Chr. Hansen Holding and Arla Foods. Many manufacturers in the market are highly investing in R&D activities regarding replacement of AGP's along with engaging in partnerships and agreements to capture major market share and enhance global reach.
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