Global Lactobacillus Acidophilus Probiotics Market, by Form (Solid and Liquid), by Application (Food and Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, and Others), by Distribution Channel (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy, and Supermarket/Hypermarket), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
Increasing geriatric population is expected to propel growth of the lactobacillus acidophilus probiotics market for the forecast period. For instance, according to World Health Organization (WHO), on October 1, 2022, between 2015 and 2050, the proportion of the world's population over 60 years will nearly get double from 12% to 22% and by 2050, people aged 60 years and older will be around 2.1 billion. As with age, digestive health is expected to decline, thus, a rise in the number of aged people is expected to provide lucrative growth opportunities to the lactobacillus acidophilus probiotics market over the forecast period.
Global Lactobacillus Acidophilus Probiotics Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdowns in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, COVID-19 had a positive impact on the global lactobacillus acidophilus probiotics market. The COVID-19 pandemic resulted in a major spike in demand for immunity-boosting food products and supplements. 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.
As per a survey conducted by Natural Marketing Institute in May 2020, probiotic consumption witnessed an exponential surge in 2020. The survey concludes that the number of U.S. consumers taking probiotics increased by 66%, Italy experienced a 188% increase in new users, whereas, China witnessed a 108% increase in probiotic users in May 2020, as compared to the previous six months. Thus, rapid increase in probiotic consumers in 2020 significantly fueled the market growth.
Global Lactobacillus Acidophilus Probiotics Market: Key Developments
For instance, on October 28, 2018, DuPont Nutrition & Health (N&H), a probiotic manufacturing company, announced the launch of DuPontTM Danisco Lactobacillus Plus, which is the balanced combination of robust strains of L. paracasei, helveticus, and acidophilus to produce fermented milk. The robust strains promote a balance between flavor and acidity, in addition to optimizing the production process with a rapid time of fermentation.
Browse 28 Market Data Tables and 31 Figures spread through 182 Pages and in-depth TOC on “Global Lactobacillus Acidophilus Probiotics Market”- Forecast to 2030, Global Lactobacillus Acidophilus Probiotics Market, by Form (Solid and Liquid), by Application (Food and Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, and Others), by Distribution Channel (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy, and Supermarket/Hypermarket), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Moreover, increasing prevalence of gastrointestinal diseases such as constipation is expected to drive growth of the market. For instance, according to a survey conducted by Abbott, a global pharmaceutical company, on January 22, 2018, a nationwide Gut Health Survey to assess the condition of constipation sufferers in India, as well as the association of constipation with comorbidities such as diabetes, hypothyroidism, and anorectal disorders. The findings suggested that 22% of the adult Indian population suffered from the condition, with 13% complaining of severe constipation. 6% of the Indian population suffered from constipation associated with certain comorbidities.
Key Takeaways of the Global Lactobacillus Acidophilus Probiotics Market:
- The global lactobacillus acidophilus probiotics market is expected to exhibit a CAGR of 8.0 % during the forecast period due to increasing prevalence of gastrointestinal diseases. For instance, according to a survey published by Elsevier Inc., a medical journal, in a large-scale multinational study, in 2019, it was found that more than 40% of persons worldwide have functional gastrointestinal disorders (FGID), which affects the quality of life.
- Among form types, solid segment is estimated to hold a dominant position in the global lactobacillus acidophilus probiotics market over the forecast period, owing to various advantages like easy availability, number of product availability, etc.
- On the basis of application, food and beverages segment is estimated to account for largest market share in the global lactobacillus acidophilus probiotics market over the forecast period due to the rise in the popularity of food and beverages probiotics among consumers.
- Major players operating in the global lactobacillus acidophilus probiotics market include DuPont Nutrition (International Flavors & Fragrances Inc.), BIOPROX, Biena Inc., Chr. Hansen Holding A/S, Nebraska Cultures, Meteoric Biopharmaceuticals Pvt. Ltd., Nestlé, Lallemand Inc., and Fido Pharma Pvt. Ltd.
