Customized Probiotics Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.
JERSEY CITY, N.J., March 6, 2024 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Customized Probiotics Market – By Product Type (Food and Beverage, Dietary Supplements), Consumer Group (Adult, Pediatric), Distribution Channel (Online Stores, Retail Pharmacies)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Customized Probiotics Market is valued at US$ 5.61 Billion in 2023, and it is expected to reach US$ 9.52 Billion by 2031, with a CAGR of 6.9% during the forecast period of 2024-2031.
Customized probiotics refer to probiotic formulations tailored to an individual's specific needs or health conditions. These formulations can be designed based on a person's unique gut microbiota composition, health status, dietary habits, or specific health goals. The customization process might involve selecting specific strains of beneficial bacteria that are known to address particular health issues or to enhance overall gut health.
The rising consumer inclination towards natural products significantly shapes the market's growth. Increasingly, consumers prioritize preventive healthcare and recognize the efficacy of probiotic bacteria in enhancing health, thereby propelling market expansion. The surge in demand for probiotics is fueled by a rise in the consumption of functional foods, which not only offer essential nutrition but also boast health-enhancing properties.
The demand for health-focused products, particularly among younger consumers, is a key driver of the probiotics market. Probiotics, integral to functional foods and beverages, are renowned for enhancing gut health and offering additional benefits such as immune support. Additionally, differentiating between probiotics-based pharmaceuticals and food products needs more clarity. It varies from country to country, leading to complexity in regulatory, legislative, and technological realms, which poses a significant obstacle to market growth.
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List of Prominent Players in the Customized Probiotics Market:
- Custom Probiotics Inc.
- Hiral Health
- DuPont Health and Nutrition
- Vaster Life Sciences
- Biovencer Healthcare
- Unique Biotech
- Probi AB
- DSM Nutritional Products AG
- Creative Biogeny
- Sun Genomics
- Sauber USA
- Nutrascience Labs
- Glac Biotech Co., Ltd
- Creative Enzymes
- Other Prominent Players
Recent Developments:
- In June 2023, ADM revealed plans to inaugurate a cutting-edge manufacturing plant in Spain, investing USD 30 million to address the underserved market for probiotics and postbiotics.
- In April 2023, the FDA approved Seers Therapeutics' live oral microbiome capsule, Vows. Nestle will market it through its gastroenterology sales team.
- In Jan 2023, Sun Genomics personalized probiotics brand Floré collaborated with DSM Venturing to enhance the scientific research and global commercial distribution of precision probiotics.
Market Dynamics:
Drivers-
The burgeoning awareness surrounding gut health's significance and its holistic impact drives the growth of the Customized Probiotics Market. Consumers are increasingly acknowledging the pivotal role of a well-balanced microbiome in bolstering digestion, immunity, and mental well-being. Continuous advancements in microbiome research and sequencing technologies have facilitated a deeper comprehension of gut bacteria's diversity and functionality. This understanding fosters the development of tailored probiotic formulations to address specific microbiome imbalances and health requirements.
Additionally, the broader trend of personalized nutrition, where dietary choices are customized to individual needs, influences the Customized Probiotics Market. Consumers are actively seeking personalized solutions that resonate with their distinct health objectives, lifestyle, and microbiome composition.
Challenges:
The substantial expense associated with customized probiotics and insufficient consumer awareness regarding their advantages significantly impede revenue expansion in the global customized probiotics market. Additionally, the stringent regulatory framework governing the approval process for personalized probiotics further constrains revenue growth in this market segment.
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Regional Trends:
The North American customized probiotics market is expected to register a major market share. In this area, there's a growing trend among consumers to prioritize health-conscious products due to heightened awareness about fitness and the rising importance of maintaining optimal digestive health.
Factors such as increasing disposable incomes, enhancements in living standards, and a greater acceptance of functional foods are pivotal in propelling the industry's expansion. Moreover, the escalating recognition of gut health's significance in overall wellness has led to a surge in demand for products that promote a balanced gut microbiome. Probiotic supplements are viewed as a convenient and efficient method to cultivate beneficial bacteria in the gut, hence witnessing a rise in popularity among health-conscious consumers in the region.
Besides, the European region had a substantial share of the market. This market is presently in its nascent stage, with manufacturers consistently prioritizing digestive and immune health. Liquid probiotics dominate the market, driven by the rising popularity of probiotic-infused beverages such as milk, yoghurt-based drinks, and juices.
Segmentation of Customized Probiotics Market-
By Product Type
- Food and Beverage
- Dietary Supplements
By Consumer Group
- Adult
- Pediatric
By Distribution Channel
- Online Stores
- Retail Pharmacies
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for global Customized Probiotics market
- To receive industry overview and future trends of global Customized Probiotics market
- To analyze the Customized Probiotics market drivers and challenges
- To get information on the Customized Probiotics market size value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisition in global Customized Probiotics market industry
Other Related Reports Published by InsightAce Analytic:
Personalized and Precision Probiotics Market
Next-Generation Personalized Nutrition Market
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