Asia Pacific Probiotics Market size crossed USD 900 million in 2019 and is anticipated to register growth rate of 8% between 2020 and 2026.
Probiotics are microorganisms which can be found in beauty products, fermented foods, and dietary supplements. These contain a wide range of bacteria. The most common types of bacteria present in probiotics are Lactobacillus and Bifidobacterium. Probiotics are a combination of bacteria, fungi like yeasts, viruses, and protozoa. Probiotics help in maintaining a healthy community of microorganisms in human body and help the body in retaining its original state after being ill. Probiotics also improve the human body’s immune response. These also help in preventing and treating diarrhea, improving mental state, and reduce severity of allergies.
The Lactobacilli segment dominated the overall Asia Pacific probiotics industry share in 2019. Lactobacilli probiotics are used for treating diarrhea, digestion problems, stomach pain, swelling in digestive tract, and colon inflammation.
The demand for Lactobacilli has increased in recent years owing to rising consumption of pharmaceutical products for treating long term illness related to colon and indigestion. In countries like India and China, the demand for drugs and medicines for treating problems related to digestive tract and colon inflammation, owing to increase in the number of individuals with gastric disorder. Such rise in the demand for medications for treating gastric pain has triggered the Lactobacilli segment growth.
The human segment held nearly 95% Asia Pacific market share in 2019. The demand for nutritional supplements and pharmaceutical supplements has soared in developing countries like China and India, owing to rising consumer disposable income and rising health awareness among consumers.
The demand for nutritional supplements has also been propelled by increasing sporting activities among young consumers, which has propelled the consumption of vitamins, minerals, and supplements.
Depending upon applications, the food and beverages segment accounted for 88% APAC probiotics market share in 2019. The soaring growth in the food and beverage industry has been stimulated by rising population and increasing trends in the consumption of packaged foods and beverages.
Growing disposable income of health wellness and presence of young consumers in the region has also triggered the consumption of food and beverage products. Additionally, a significantly large consumer base of dairy products in Asia Pacific has also driven the probiotics consumption in dairy products.
Asia Pacific is home to major developing economies like India and Vietnam. The disposable income in developing countries has increased significantly and so has the spending of wellness and quality lifestyle. Rising consumer spending of healthcare and health wellness has led to an increase in the consumption of nutritional supplements and dietary supplements.
Increasing consumption of animal feed additives owing to rising animal production levels in India, China, and South Asian Countries has also triggered the consumption of probiotics as animal feed additives.
Asia Pacific market share for probiotics is significantly competitive with major players including DSM Nutritional Products Inc., BY-HEALTH, Probiota Asia, Wellness Foods, Calpis Co. Ltd, Wuhan Nature’s Favour, Bluestar Adisseo Company, Kemin Industries, Lallemand Inc., ECOT China, and Tonglu Huifeng.