The global probiotics market is expected to witness strong growth by 2027 owing to numerous health benefits of the product, increasing consumer inclination towards functional foods, and growing demand for probiotics beverages such as fermented milk and yogurts.
Probiotics are live microorganisms, which have numerous health benefits when consumed. These are also termed as healthy, good or friendly bacteria as they aid in keeping the gut healthy. Probiotics can be supplied through dietary supplements, foods and beverages.
The global probiotics market is segmented in terms of ingredient, end-use, application and regional landscape.
Talking of ingredient, the probiotics market is categorized into bacillus, streptococcus, bifidobacterium, lactobacilli and others. In 2020, the others ingredient segment accounted for over 3% of the overall market size in terms of revenue. The segment will continue to register robust growth over the coming time period driven by rising product demand. The others segment comprises of ingredients such as escherichia, enterococcus and Saccharomyces boulardii.
Escherichia also known as E. coli plays a very critical role in promoting health by making a compound which aids cells to take up iron. While, Saccharomyces boulardii is a yeast which is found in probiotics. It helps in fighting diarrhea as well as other digestive issues. The ingredient also helps in preventing the reoccurrence of C. difficile, to lessen the side effects of treatment for H. pylori as well as to treat acne.
In terms of application, the overall market for probiotics is classified into animal feed probiotics, probiotics dietary supplements and probiotic food and beverages. Among these, the probiotic food and beverages segment is slated to draw in lucrative business growth. It is further bifurcated into dry food probiotics, fermented meat products, baked food, cereals, nondairy products, and dairy products. Among these, the fermented meat application segment will grow at a respectable CAGR of around 11.9% over the forthcoming time period.
Starter cultures are mostly live, defined as well as specifically selected microorganisms with the GRAS safety status, mainly responsible for the proper flow of meat ageing. Starter cultures might comprise of selected yeasts, bacteria, or moulds. Use of starter cultures in dry???aged cold meats production is always planned and aims at delivering specified sensory as well as microbiological features in the final product
In 2020, the global probiotics market size from dry food probiotics segment exceeded more than $51.5 million and will continue to witness similar growth patterns over the forecast time period.
On the geographical front, in 2020, Middle East & Africa region, in terms of revenue, made up approximately 5% share of the probiotics market. The region will register tremendous gains over the projected time period driven by increasing health consciousness across the regional population.