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Will Probiotics Become the New Generation of Functional Foods?

1 July 2022 by Mordor Intelligence

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Will Probiotics Become the New Generation of Functional Foods?

– The global probiotic ingredients market is projected to register a CAGR of 4.40% during the forecast period (2022-2027).

– The probiotics market has witnessed significant growth due to the increasing demand for health-based products among consumers, especially from the younger generations.

– Demand for probiotics has risen as a result of a growth in the use of functional foods, which, in addition to providing basic nourishment, have the potential to improve health.

– The probiotic products market is growing very rapidly in the United States as consumers are paying more attention to health and well-being.

– In November 2021, the Archer Daniels Midland Company acquired Deerland Probiotics & Enzymes, a leader in probiotic, prebiotic, and enzyme technology, with global sales and manufacturing in the United States and Europe.

Europe’s Growing Demand for Functional Foods & Beverages

– Probiotics are a part of functional foods and beverages and are known for improving gut functionality, along with other benefits, including immunity boost and so on.

– Functional food products continued to make the greatest contribution to the health and wellness market in the United Kingdom. The probiotic market in the United Kingdom is driven by increasing demand for dietary supplements including probiotic-based products, with existing awareness among consumers about its usage.

– In Europe due to the prevalence of obesity, lactose intolerance, and the aging population, the demand for functional foods and beverages has registered a substantial growth over the years.

– Demand for probiotics has risen as a result of a growth in the use of functional foods, which, in addition to providing basic nourishment, have the potential to improve health.

– The probiotics market has witnessed significant growth, owing to the rise in the prevalence of the geriatric population driving the sales of dietary supplements, followed by functional foods and beverages.

Read More on: Probiotics Market

Future of the Probiotic Dietary Supplement Market

– The demand for probiotic ingredients is primarily driven by increasing application in nutraceuticals, fortified food and beverage products, and dietary supplements.

– As per data by packaged facts, the consumption of probiotic dietary supplements in the United States was the highest among the age group of 18-34 years

– Probiotics are a driving force within the booming digestive health supplement category, and people of all age groups have been consuming them over the past few years.

– The rising health-consciousness levels and wider access to probiotic dietary supplements is expected to further drive the probiotic market growth in the future.

– As a result, the dietary habits of people have evolved toward more balanced nutrition, accompanied by a high rate of urbanization.

Recent Innovations in Probiotics That Are Definitely for the Better

– In Sep 2021, BioGaia partnered with Abbott to distribute probiotics to medical professionals in Singapore. The two products are Gastrus and Protectis, with the latter being the company’s most popular product targeted at gastrointestinal problems in infants and children.

– In August 2021, Nestlé Health Science announced the successful completion of its acquisition of the core brands of the Bountiful Company, including Nature’s Bounty, Solgar, Osteo Bi-Flex, Puritan’s Pride, Ester-C, and Sundown.

– In Feb 2021, Probi and Perrigo to jointly launch digestive and immune health probiotics in Europe. They have signed a semi-exclusive agreement to bring premium probiotic digestive and immune health concepts to 14 European countries.

This insight was contributed by knowledge partner:

 

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