The Latin America probiotics market will expand at a considerable CAGR of more than 8.5% through 2027. In addition, Latin America is also witnessing lucrative prospects for probiotics driven by the escalating demand for functional food & beverages due to the evolving dietary habits.
Increased ability of bacillus for the treatment of diarrhea & constipation, coupled with high resistance to heat and gastric acid is expected to augment the demand for Bacillus ingredients over the forecasted period. Bacillus ingredients are likely to surpass a revenue of USD 250 million through 2027.
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The probiotics market size to exceed a valuation of USD 4.15 billion through 2027, according to a report by Global Market Insights, Inc.
The probiotics market from dietary supplements will depict remarkable growth through 2027 owing to surging adoption of probiotics supplements by consumers. This is being done for the enhancement of overall wellbeing and the treatment of illnesses comprising urinary tract infections, ulcerative colitis, and diarrhea.
The probiotics market is witnessing a surging trend of fortification of baked products for the enhancement of immunity amid the COVID-19 pandemic. The increasing incidence of lactose intolerance and allergic reactions to dairy products is expected to stimulate the incorporation of probiotics in non-dairy products.
The probiotics market is likely to record a substantial CAGR of more than 9% from streptococcus ingredients between 2021 and 2027.
North America probiotics market share exceeded USD 245 million in 2020 and is slated to register appreciable growth by 2027. This upsurge is on account of the increasing product adoption in animal feed considering multiple probiotics benefits.
As per the study, the usage of daily probiotics was related to lesser number of respiratory symptoms in such people. The inferences of the research were presented at the DDW (Digestive Disease Week) 2021. Similar advancements are expected to drive the demand for probiotics foods through the forthcoming years.
The onset of the SARS-CoV-2 pandemic in late 2019 has also led to escalated consumer awareness regarding the effectiveness of probiotics in the enhancement of immune health. This is because the virus chiefly affects the immune system.
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Various organizations are also focusing on research studies for analyzing and assessing the feasibility of probiotics across numerous applications. For instance, in May 2021, a study by Imperial College, London, suggested that the intake of probiotics on a daily basis may help in the prevention of respiratory infections in older and overweight people.
The trend has been observed due to the U.S. FDA rules that ban the use of antibiotics for boosting the growth performance of livestock. Probiotics serve as NGP (natural growth promoters) when mixed in animal feed. This enhances gut health, improves growth rate, and escalates resistance to microbial infections.
Streptococcus is instrumental for the enhancement of nutrient absorption, the digestion of food, and provides protection from pathogenic microorganisms, in turn preventing diarrhea. The ingredient serves as a common starter culture for preparing cultured dairy products comprising cheese and yoghurt.
In a nutshell, increasing preference of consumers for immune health products in the light of the COVID-19 outbreak will positively influence probiotics market expansion through the analysis period.
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