Lactobacillus Strains Market Growth, Size, Share, Demand, Trends and Forecasts to 2030
The global pandemic has led to a major downturn in the operations of several industries. Although, disruption in supply chain and raw materials has impacted several sectors, the food and beverage is anticipated to garner considerable growth in the forthcoming years. Owing to huge demand for essential services such as food products, the market is anticipated to remain positive in the wake of the global pandemic.
Market Segmentation:
Based on type, the global market for lactobacillus strains is segregated into Lactobacillus, Acidophilus, Lactobacillus casei, Lactobacillus plantarum, and Others. On the basis of end-user, the market is segmented into functional food & beverages and others. Lastly, based on region, the market is categorized into North America, the Middle East and Africa, South America, Europe, and Asia-Pacific.
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What does the Report Include?
The global market for lactobacillus strains report includes detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth between 2022 and 2029. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
DRIVING FACTORS
Increasing Demand for Probiotics to Augment Growth
The increasing prevalence of digestive disorders is propelling the population to adopt gut-improving food products worldwide. For instance, according to a study by the University of Gothenburg scientists, out of every ten adults, four suffer from functional gastrointestinal diseases that vary in severity globally. To mitigate the effects of such disorders, probiotics are preferred by people to improve their gut health as they include good bacteria that aids in boosting the immunity of the human body. Moreover, the growing demand for minimally processed food products due to the increasing awareness regarding the adverse effects of highly processed food products is expected to contribute to the global lactobacillus strains market growth in the forthcoming years.
REGIONAL INSIGHTS
Asia-Pacific – The region is expected to hold a significant global lactobacillus strains market share during the forecast period. This is attributable to the increasing focus on introducing fermented products by the manufacturers due to the growing awareness regarding the health benefits involved in the consumption of these products.
North America – The market in the region will experience substantial growth backed by the rising research and development activities by the prominent companies to develop new products based on advanced lactobacillus strains.
COMPETITIVE LANDSCAPE:
Product Launches by Major Companies to Strengthen Their Market Positions
The market is fragmented by prominent companies focusing to maintain a stronghold by introducing innovative products derived from the lactobacillus strains to cater to the growing demand for gut-improving food products. Furthermore, other key players are adopting significant strategies such as collaboration, facility expansion, and merger and acquisition to maintain their presence in the fiercely competitive global marketplace.
Industry Development:
June 2020 - Yakult Honsha introduced its first shelf-stable probiotic supplement, a sachet containing two of Yakult’s exclusive strains such as bifidobacteria and Lactobacillus casei. The company aims to leverage the opportunities provided by the growing demand for healthy food products among people to improve the immunity.
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