The next generation probiotics market is estimated to be valued at US$ 186.93 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Next generation probiotics are live microorganisms that provide health benefits when consumed beyond basic nutrition. These probiotics help strengthen the gut microbiome and enhance digestive health. They are available in various forms such as capsules, gummies, powders and shakes. With the growing awareness about preventive healthcare, next generation probiotics are increasingly being used for conditions like irritable bowel syndrome, respiratory infections and antibiotics associated diarrhea.
Market Dynamics:
Growing demand for preventive healthcare is a major driver driving the growth of next generation probiotics market. Consumers are shifting from curative to preventive healthcare approach. This has increased the demand for functional foods and dietary supplements with additional health benefits like next generation probiotics.Growing demand for preventive healthcare is a major driver driving the growth of next generation probiotics market. Consumers are shifting from curative to preventive healthcare approach. This has increased the demand for functional foods and dietary supplements with additional health benefits like next generation probiotics.Growing demand for preventive healthcare is a major driver driving the growth of next generation probiotics market. Consumers are shifting from curative to preventive healthcare approach. This has increased the demand for functional foods and dietary supplements with additional health benefits like next generation probiotics. Furthermore, increasing cases of lifestyle diseases due to unhealthy eating habits and sedentary lifestyle is also fueling the market growth. Players are extensively conducting R&D activities to develop strains of probiotics that can provide broader range of health benefits. This is expected to open new opportunities and aid the market expansion over the forecast period.
SWOT Analysis
Strength: Next Generation Probiotics have enhanced health benefits compared to traditional probiotics. They are shelf stable and survive the harsh acidic conditions in the stomach. NGPs can modulate the immune system and protect against pathogens more effectively.
Weakness: The production process of NGPs is complex which increases the cost of development and manufacturing. Clinical evidence demonstrating their health benefits is still emerging.
Opportunity: Rising health consciousness among consumers is driving the demand for preventive healthcare products. The growing elderly population worldwide who commonly suffer from gut-related disorders present a lucrative market opportunity.
Threats: Stringent regulatory processes delay the commercialization of new strains. Traditional dairy-based probiotic products dominate the market and substitute new brands.
Key Takeaways
The global Next Generation Probiotics market is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing health awareness. Consumers are increasingly opting for preventive healthcare and functional foods & beverages for better gut and immune health.
Regional analysis: North America dominates the Next Generation Probiotics market currently owing to advancements in gut microbiome research and digestive disorder prevalence. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to rising expenditures on healthcare and active lifestyles in nations like China, India, and Japan.
Key players operating in the Next Generation Probiotics market are Pendulum, Amsterdam Winclove Probiotics, Metabogen AB (Biogaia), Exeliom Biosciences, TargEDys, Chr. Hansen Holding A/S, YSOPIA Bioscience, A-Mansia Biotech, Next Gen Probiotics, Evolve Biosystems and DuPont de Nemours, Inc. These companies are investing in R&D to develop innovative products targeting different health applications.
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https://www.rapidwebwire.com/next-generation-probiotics-market-size-share-growth-outlook-2023/
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