Market Trends of Probiotics Industry
Rising Health Awareness Promoting Demand
The rising consumer awareness regarding gut health is anticipated to propel probiotic demand. In recent years, key players have actively offered probiotic food, drinks, and supplements, as maintaining a healthy gut is increasingly important among consumers. An increased number of consumers are accepting the role of gut health in physical health, weight management, and maintaining energy levels, which is likely to boost probiotic demand in the coming years. The growing awareness about nutrition's impact on health and rising proclivity toward healthier diets triggers the production and commercialization of food with certain health claims by manufacturers. Probiotic consumption is rising in western markets, where consumers adopt a holistic approach to healthy living. Also, consumers seek new ways to manage their health and prevent future health conditions through probiotic foods, beverages, and supplements. Probiotics are a driving force within the booming gut health product category. Manufacturers are experimenting with the formulation and production of probiotics with the added benefits of immunity to offer high-quality probiotic products to the consumer. Multi-strain formulation, strain-specific formations, etc., are being worked on. For instance, in August 2022, GoodBellyProbiotics, a probiotic beverage and supplement company, introduced a new Immune Support product line, including quart beverages and shots. The GoodBellyImmune Support Shots, which come in flavors like pineapple passionfruit and lemon ginger turmeric, contain the same scientifically supported probiotic strains as the quarts.
Asia-Pacific Emerging as the Market Leader
Probiotics are beneficial in treating digestive, gastrointestinal, and bowel problems related to the gut. Probiotic supplements that improve health while providing essential nutrition are becoming more popular as people become more aware of the connection between diet and health. Probiotic capsules remain the dominant segment in the market. The other segments, which include gummies, oral sticks, and melts, are anticipated to expand during the forecast period despite capsules' dominance. The Asia-Pacific probiotics market is driven by increasing awareness and interest in new technology, media coverage, and consumer demand. The growing awareness about probiotics in China and India is expected to further boost the market's growth in the region. In China, the inclusion of probiotics in the infant formula segment has been experiencing huge demand, which is likely to increase further in the coming years. The market has witnessed significant growth due to a rise in the aging population and a growing understanding of the importance of preventive health, along with several studies showing the benefits of these products on immunity, cognitive health, and skincare. The innovations in retail chains with new formulations help differentiate the brands and their corresponding products. These factors, along with a high proportion of health-conscious consumers in the region, are anticipated to drive the market's growth in Asia-Pacific.