Asia Pacific Probiotics Market to grow at 8% CAGR from 2020 to 2026: Graphical Research APAC Probiotics Market size is estimated to cross 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. 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 lowcost 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. 1|Page
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., BYHEALTH, Probiota Asia, Wellness Foods, Calpis Co. Ltd, Wuhan Nature’s Favour, Bluestar Adisseo Company, Kemin Industries, Lallemand Inc., ECOT China, and Tonglu Huifeng. Browse key industry insights from this 2020 report Asia Pacific Probiotics Market in detail along with the table of contents at https://bit.ly/2RIXGCE
https://bit.ly/2PYyIhBhttp://bit.ly/3kDAn6V Segmentation of Asia Pacific Probiotics Market:
Asia Pacific Market, By Product • • • •
Lactobacilli Bifidobacterium Streptococcus Bacillus
Asia Pacific Market, By End-Use • •
Human Animal
Asia Pacific Market, By Application •
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Food and Beverages • Dairy Products • Non-Dairy Products • Cereals • Baked Goods • Fermented Meat Products • Dry Food Dietary Supplements • Food • Nutritional • Speciality Nutrients • Infant Formula Animal Feed
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The above information has been provided for the following countries: •
Asia Pacific • China • India • Japan • South Korea • Indonesia • Malaysia
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