New York, NY 12 Nov 2021: The global probiotics ingredients market size is estimated to reach 3.97 billion by 2026 and is anticipated to grow at a CAGR of 6.9 % from 2019 to 2026 according to a new study published by Polaris Market Research. The report ‘Probiotic Ingredients Market Share, Size, Trends, & Industry Analysis Report, By Type (Bacteria, Yeast, Spore formers), By Application (Probiotic Food & Beverages, Probiotic Dietary Supplements, Animal Feed Probiotics), By End-Use (Human Probiotics, Animal Probiotics), By Regions, Segment Forecast, 2019 – 2026’ provides insights on the current market scenario and the future prospects.
Probiotics are live bacteria’s that facilitates digestive functioning in human body. Most of the bacteria are considered under probiotic but in specific terminology Lactobacillus is commonly found across fermented food and beverages. The common application of probiotics in human includes treatment of certain conditions such as Irritable bowel syndrome, Inflammatory bowel disease, and diarrhea caused by antibiotics.
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Expanding R&D investments in dietary supplements by major manufacturers is expected to open new market avenues for the probiotic ingredients market. Manufacturers have created and distinguished restrictive strains of probiotics for explicit applications to meet specific prerequisites for various therapeutic conditions. For example, Lactobacillus fermentum VRI-003 PCC and Lactobacillus rhamnosus HN001 are utilized to fix dermatitis. This trend of identifying probiotic strains for specific applications is also expected to boost expansion of the global market.
Product development in nutritional beverages including yogurt, juices, fermented tea, and pickles by prominent players, for example, Danone, is anticipated to positively impact market growth. Danone’s product Activia, a probiotic drink invigorated with dairy ingredients. Easy availability of probiotic foods in specialist shops, supermarkets and pharmacies is expected to increase product awareness among consumers and promote brand image among conscious buyers, which, in turn, will boost development of the market.
Asia Pacific is expected to remain as one of the lucrative regions over the estimated period. Significant spending on incorporation of probiotic elements for preventive healthcare along with sports nutrition by major player such as GSK and Pfizer can impel market growth. Strong demand for probiotics ingredients from China and Japan, by virtue of rising consumer awareness with respect to proper digestion along with cardiovascular and gastrointestinal health is expected to boost the market growth.
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The global probiotics ingredients market has witnessed high level of integration by the market players. Some of the key players in the industry include Biocodex Inc. Danone Inc., Chr. Hansen Holding A/S, Lallemand Inc, and Danisco A/S.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
