According to the Graphical Research new growth forecast report titled “North America Probiotics Market Size By Ingredients (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)”, Estimated to Exceed USD 360 Million by 2026
A potential increase in the functional food and beverage industry is key a factor to boost the demand for the probiotic from the North American market. High demand for dietary supplements, and nutritious animal feed are major factors which propelling the North American probiotics market. In addition, growing awareness regarding infections acquired from improper healthcare, and a rise in the aging population should drive the demand for probiotics. Rising consumer awareness and adoption of balanced diet is likely to drive product demand owing to the high efficacy of probiotics in preventing various infections.
North America human probiotics from end-user segment will witness a growth of 7.5% of CAGR over the forecast period, in terms of revenue. Probiotics promote a healthy balance of gut bacteria which provides health benefits such as, it boosts immune system and supports weight loss. Probiotics used to improve digestion and treating problems such as vaginal yeast infection, lactose indolence, urinary tract and diarrhea. Thus, these factors are propelling the growth for North America probiotics market.
The infant formula application segment is expected to grow with a CAGR of over 7% during the projected period. Probiotics are used in baby formula-fed to promotes a balance of bacteria in baby’s intestine and neutralize unfriendly organisms which may cause infections and inflammation in infants’ body. Also, probiotics are helpful for post-pregnancy feed ,as it improves breastfeeding and improves immunity in women. Malnutrition in infants, due to nutritional imbalances is a major problem across the globe which is anticipated to create growth opportunities for the probiotics manufacturing market players in the North America.
Products Innovation and advancements in dietary supplements and animal nutrition will help to maintain a healthier life by providing the essential nutrients needed for animal production and health. North American probiotics market from animal feed applications is expected to grow with a CAGR of around 7% over the projected period. Furthermore, probiotic consumption is increased nowadays due to rising consumer concerns related to inter gastro activity, it reduces abdominal pain and increases immunity. These factors are increasing the demand for probiotics and stimulating the market share.
Key players in the North America probiotics market are Kerry, DowDuPont, CHR. Hansen, Biogaia, General Mills Probi, Glac Biotec, Bifodan, Lallemand, UAS Laboratorie, Biena (US), nestle, and Yakult Honsha.