PUNE, India, June 8, 2023 /PRNewswire/ — According to a recent market study published by Growth Market Reports, titled, “Global Lactobacillus Acidophilus Probiotics Market Segments – by Form (Solid, Liquid, and Powder), Application (Food & Beverages, Dietary Supplements, Animal Feed, and Others), Distribution Channel (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy, and Supermarket/Hypermarket), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was around USD 2.60 Bn in 2022 and is projected to reach USD 5.25 Bn by 2031, expanding at a CAGR of 8.1% during the forecast period, 2023-2031. The market growth is attributed to the growing use of Lactobacillus Acidophilus probiotics in food items and supplements as it offers various health benefits.
Key Market Players Profiled in the Report
- Chr. Hansen Holding A/S
- Procter & Gamble
- Nestle
- LALLEMAND Inc.
- BioGaia AB.
- DuPont Nutrition & Health
- Bioprox
- Biena
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, application, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
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Market Segment Highlights:
Based on region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is expected to grow at a significant rate due to the rising prevalence of autoimmune diseases in the growing geriatric population.
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Key Takeaways from the Study:
- Lactobacillus Acidophilus is a commonly used probiotic that is found in the human gut, mouth, and in certain foods.
- It is also found in various dairy products such as Yogurt and commercially added to many foods such as supplements.
- The demand for probiotics supplements containing lactobacillus acidophilus is growing among the elderly population and with the rising geriatric population, the demand for various probiotics supplements is expected to drive the market.
- Based on form, the market is segmented into solid, liquid, and powder. The solid segment is expected to grow at a significant rate in the coming years as it is widely used in probiotics supplements.
- On the basis of Application, the market is fragmented into food & beverages, dietary supplements, animal feed, and others. The food & beverages segment is expected to hold a major share of the market due to the growing use of probiotics in dairy products, fermented vegetables, and sausages.
- In terms of Distribution Channels, the market is classified as an online pharmacy, retail pharmacy, hospital pharmacy, and supermarket/hypermarket. The online segment is expected to grow at a significant rate owing to online pharmacies providing more benefits to the consumers such as discounts and convenience in buying products.
Read 163 Pages Research Report with Detailed TOC on “Global Lactobacillus Acidophilus Probiotics Market Segments – by Form (Solid, Liquid, and Powder), Application (Food & Beverages, Dietary Supplements, Animal Feed, and Others), Distribution Channel (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy, and Supermarket/Hypermarket), and Region (North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Key Segments Covered
Form
Application
- Food & Beverages
- Dietary Supplements
- Animal Feed
- Others
Distribution Channel
- Online Pharmacy
- Retail Pharmacy
- Hospital Pharmacy
- Supermarket/Hypermarket
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Other Related Reports:
- Global Dietary Supplements Market Segments – by Ingredients (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, and Others), Forms (Tablets, Capsules, Soft Gels, Powders, Gummies, Liquids, and Others), Applications (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, and Others), End-users (Adults, Geriatric, Pregnant Women, Children, and Infants), Distribution Channels (Pharmacies & Drug Stores, Supermarkets & Hypermarkets, Online Channel, and Others)
- Probiotics Market by Product Types (Probiotic Food & Beverages [Dairy, Non-dairy, Cereals, Baked Foods, Fermented Meats, Dry Foods, and Others], Probiotic Dietary Supplements [Food Supplements, Nutritional Supplements, Specialty Supplements, Infant Formula, and Others], and Animal Feed Probiotics), Ingredients (Bacteria and Yeast), End-users (Human Probiotics and Animal Probiotics), Distribution Channels (Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores, Online Stores, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast From 2022 To 2030
- Global Probiotics Supplement Sales Market by Type (Lactobacillus, Bifidobacterium, Saccharomyces boulardii, Others), By Application (Irritable bowel syndrome, Inflammatory bowel disease (IBD), Infectious diarrhea, Antibiotic-related diarrhea, Others) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast To 2028
- Global Wellness Supplements Market by Type (Dietary Supplements(Vitamin Supplements, Mineral Supplements, Protein Supplements, Herbal Supplements), Functional/Fortified Food & Beverages(Omega Fatty Acid Fortified Foods, Probiotic Fortified Food, Branded Iodinated Salt, Branded Wheat Flour, Energy Drinks, Sports Drinks, Fortified Juices), Food Intolerance(Gluten-Free Food, Lactose-Free Food, Diabetic Food), Dermo-Cosmetic Skin Essentials(Anti-Aging Supplements, Anti-Cellulite Supplements, Anti-Acne Supplements)), By Application (Home Care, Hospital, Chemical) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030
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