Published Date: 2021-02-19
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APAC Probiotics Market size is estimated to reach USD 1.5 bn by 2026, according to a latest forecast report by Graphical Research.
Rising consumption of dietary supplements owing to changing consumer buying preferences and rising consumer spending health should boost the APAC probiotics market demand. Further, increasing commercial animal production operations in countries like China and India have led to an increase in the consumption of animal feed additives, such rising consumption of animal feed additives will trigger the market growth.
Based on ingredients, bacillus segment is anticipated to register a growth rate of 9.5% between 2020 and 2026. A wide range of substances belonging to the bacillus genus are used as probiotics. Bacillus is used in industries like pharmaceutical and agricultural due to its ability to host enzymes and antibiotics. The rising consumption of pharmaceutical drugs has propelled the consumption of bacillus as pharmaceutical formulations in the Asia Pacific market.
Based on application, the APAC probiotics market size from the ingredients dietary supplements segment crossed USD 55 million in 2019 and will observe more than 8.5% CAGR during the forecast period. In past few years, the demand for dietary supplements has soared in Asia Pacific, owing to rising disposable income and rising consumer awareness about health benefits about dietary supplements.
Browse detailed statistical insights from the report, “Asia Pacific Probiotics Market Size By Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), By End-Use (Human, Animal), By Application (Food and Beverages [Dairy Products, Non-Dairy Products, Cereals, Baked Food, Fermented Meat Products, Dry Food], Dietary Supplements [Food, Nutritional, Specialty Nutrients, Infant Formula], Animal Feed), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1651/asia-pacific-probiotics-market
Depending upon end-use, the animal probiotic ingredients segment is anticipated to expand at a CAGR of 7.5% through 2026. The global commercial animal production has soared in recent years owing to increasing animal consumption and rising number of household pets. This trend has fueled the consumption of animal feed and feed additives in Asia Pacific. This trend has influenced use of probiotics as animal feed additives for commercial and residential animals. Growing use of probiotics by commercial animal farmers for enhancing animal health has stimulated the probiotic consumption in animal feeding applications, which has stimulated the market growth in animal probiotic ingredients use in Asia Pacific.
Increase in the consumption of vitamins, proteins, and minerals owing to rising number of individuals sporting activities has also boosted the consumption of dietary supplements in Asia Pacific. Moreover, availability low cost of raw materials in the Asia Pacific has encouraged new companies to enter the dietary supplements sector. This has led to an introduction of low-cost products into the market.
Evolving consumer buying preferences and rising population in China and India has driven the consumption of pharmaceutical and food and beverage industry. Rising consumer spending on wellness and healthcare has driven the consumption of vitamins, minerals, and proteins. This trend has led to an increase in the health awareness about dietary supplements. There has also been a steady rise in the consumption of livestock feed additives in Asia Pacific pertaining to increasing commercial animal production operation in China and India and rising consumption of animals.
The consumption of food products such as bakery foods, meat products, and dairy products in countries like India, Vietnam, China, and Japan, pertaining to rising population levels and growing consumption to ready-to-eat foods among young generation.
Major players in the APAC probiotics market include 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.
The APAC probiotics market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By End-Use
Asia Pacific Market, By Application
The above information has been provided for the following countries:
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