by The global Lactobacillus Acidophilus Probiotics Market is estimated to be valued at US$ 1619.68 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Lactobacillus acidophilus probiotics are live microorganisms that help maintain or restore digestive health when used as dietary supplements. They aid in digestion by strengthening the gut flora and inhibiting the growth of harmful bacteria. Lactobacillus acidophilus probiotics are found in products such as yogurt, dairy, capsules, and supplements. They support a healthy immune system and promote overall intestinal and digestive health. Probiotics help in relieving constipation, diarrhea, and irritable bowel syndrome symptoms.
Market key trends:
The rising health awareness among consumers regarding the benefits of probiotic supplements is the primary driver boosting the lactobacillus acidophilus probiotics market growth. Probiotics help reduce risk factors associated with various chronic diseases such as cardiovascular disease, diabetes, obesity, and neurological diseases. Additionally, a shift in consumer preference towards preventive healthcare over prescribed medicines is expected to propel the demand. Furthermore, expanding functional food and beverage industry using lactobacillus acidophilus as an ingredient is expected to present lucrative opportunities over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the Lactobacillus Acidophilus Probiotics market is low due to high manufacturing costs and established brand loyalty among customers.
Bargaining power of buyers: The bargaining power of buyers is high owing to the availability of probiotic supplements from various brands and private label products from retailers. Buyers can negotiate on price easily.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers of Lactobacillus Acidophilus. However, brands prefer certified suppliers for quality and consistency in supply.
Threat of new substitutes: The threat of substitutes is moderate as prebiotics and microbiome-based therapies can replace probiotic supplements to some extent.
Competitive rivalry: The competitive rivalry in the market is high due to the presence of global and regional players.
Key Takeaways
The Global Lactobacillus Acidophilus Probiotics Market Size is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing awareness about gut and digestive health.
Regional analysis: North America dominated the market accounting for more than 30.0% of overall shares in 2023 due to rising health consciousness. Asia Pacific is expected to witness highest CAGR during the forecast period with rising disposable income in developing countries.
Key players operating in the Lactobacillus Acidophilus Probiotics market are DuPont Nutrition (International Flavors & Fragrances Inc.), BIOPROX, Biena Inc., Chr. Hansen Holding A/S, Nebraska Cultures, Meteoric Biopharmaceuticals Pvt. Ltd., Nestlé, Lallemand Inc., and Fido Pharma Pvt. Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
