LACTOBACILLUS ACIDOPHILUS PROBIOTICS MARKET ANALYSIS

Lactobacillus Acidophilus Probiotics MarketSize and Trends

Global lactobacillus acidophilus probiotics market is estimated to be valued at US$ 1,499.7 million in 2022 and is expected to exhibit a CAGR of 8.0 % during the forecast period (2022-2030).

Global Lactobacillus Acidophilus Probiotics Market- Drivers

The increasing initiatives by several non-government organizations to spread awareness about the use of probiotics is expected to drive the global lactobacillus acidophilus probiotics market growth. For instance, on August 24, 2022, SRM University and Probiotic Science Foundation (India), a non-profit organization, organized the first-ever “Probiotics Awareness Day” in Sonipat, to spread the awareness about health benefits of probiotics.

Moreover, an increase in the prevalence of gastrointestinal diseases is expected to provide lucrative growth to the lactobacillus acidophilus probiotics market over the forecast period. For instance, according to an article published by the National Library of Medicine, in 2021, titled “Burden and Cost of Gastrointestinal, Liver, and Pancreatic Diseases in the U.S.,” there were more than 36.8 million cases of gastrointestinal symptoms and 43.4 million ambulatory visits with a primary gastrointestinal diagnosis, in 2020. Hospitalizations for a principal gastrointestinal diagnosis accounted for more than 3.8 million admissions, with 403,699 readmissions. Gastrointestinal diseases are responsible for millions of healthcare encounters and hundreds of thousands of deaths that annually cost billions of dollars in the U.S.

Market- Trends

Figure 2. Global Lactobacillus Acidophilus Probiotics Market Share (%), by Region, 2022

Global Lactobacillus Acidophilus Probiotics Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting the production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.

However, COVID-19 had a positive impact on the global lactobacillus acidophilus probiotics market, as demand for immunity-boosting food products and supplements increased. Probiotics are well known for their immunity-boosting properties, as they offer robust protection against gastrointestinal pathogens and also promote the production of natural antibodies in the body.