Chicago, July 10, 2024 (GLOBE NEWSWIRE) -- The global probiotics food and cosmetics market is experiencing a remarkable surge, projected to reach a staggering valuation of USD 84.5 billion by 2026, up from USD 56.6 billion in 2021, at a robust CAGR of 8.3% during the forecast period.
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This remarkable growth trajectory is fueled by the increasing awareness among consumers about the myriad health benefits associated with probiotics, as well as the rising demand for natural and sustainable personal care products. Probiotics, known as the "good bacteria," have been shown to play a crucial role in maintaining a healthy gut microbiome, which is the foundation of overall well-being.
The probiotics food and cosmetics market is witnessing a paradigm shift, as consumers worldwide are becoming more conscious of the importance of gut health and the role of probiotics in supporting it. This heightened awareness, coupled with the growing preference for natural and clean-label products, is driving the exponential growth of this market."
The Asia Pacific region has emerged as the dominant force in the global probiotics’ food and cosmetics market, accounting for a revenue share of more than 40% in 2021. This can be attributed to the region's large and rapidly growing population, rising disposable incomes, and a growing inclination towards health-conscious and natural-based beauty solutions.
The Asia Pacific region has been at the forefront of the probiotics revolution, with countries like India, China, and Australia leading the charge. The strong demand for probiotics-infused food, beverages, and personal care products in this region is a testament to the growing consumer awareness and the region's commitment to holistic well-being.
Innovative product formulations and strategic collaborations among market players are further fueling the growth of the probiotics food and cosmetics market. Leading brands are increasingly focusing on developing cutting-edge probiotic-based products that cater to the diverse needs of consumers, ranging from gut health to skin rejuvenation.
For instance, BioGaia, a biotechnology company, recently announced the launch of its research into developing probiotics that target the prevention of metabolic conditions. Similarly, Danone, a global food and beverage giant, has introduced a probiotic product specifically designed to address the issue of lactation mastitis in breastfeeding mothers, currently available in the Chinese market.
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The probiotics food and cosmetics market is poised for exponential growth, as consumers worldwide seek holistic well-being and sustainable personal care solutions. With innovative product offerings, strategic collaborations, and a focus on research and development, market players are well-positioned to capitalize on this burgeoning opportunity and drive the industry forward.
As the demand for probiotics-infused products continues to soar, the global probiotics food and cosmetics market is set to witness a transformative phase, offering ample opportunities for industry players to expand their reach and cater to the evolving needs of health-conscious consumers across the globe.
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