Change in Consumption Pattern with Growing Incidence of Chronic Diseases are Growth Opportunities in Probiotics Market

According to a research report “Probiotics Market by Product Type (Functional Food & Beverages, Dietary Supplements, and Feed), Ingredient (Bacteria and Yeast), End User (Human and Animal), Distribution Channel, and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global probiotics market is estimated to be valued at USD 57.8 billion in 2022. It is projected to reach USD 85.4 billion by 2027, recording a CAGR of 8.1% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global probiotics market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for meat, changing lifestyles, and consumption patterns drive the demand in the probiotics market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69

Humans have been consuming probiotic products for ages in the form of yogurt, cheese, beer, therapeutic food, and other fermented foods, with no awareness of probiotic microorganisms until just a century ago. Since then, numerous research studies have been undertaken on the topic. With their proven health benefits and rise in consumer health consciousness, there has been a spike in their global demand. Due to lifestyle and food eating habits changes, digestive tract-related diseases are rising. This has led to the consumption of probiotics-fortified food and beverages that offer many health benefits, more specifically related to the human gut. With a rise in demand for meat, poultry, milk, and other animal products, there has been a global rise in demand for probiotics for animals, to maintain animal health, which subsequently provides better output to cattle farmers. The global probiotics market is estimated to be valued at USD 57.8 billion in 2022. It is projected to reach USD 85.4 billion by…