The Vegan Probiotics Market is growing dramatically as more customers switch to plant-based diets and look for all-natural remedies for digestive health issues. Vegan diets are becoming more and more popular as the benefits of probiotics in preserving intestinal homeostasis become more widely recognised. It is projected that this trend will spur market expansion and expand the options available to health-conscious consumers.
According to a recent research report by Future Market Insights, the global vegan probiotics market is estimated to reach a valuation of US$ 11.8 Bn by 2032. The market is projected to reach US$ 5.1 Bn by the end of 2022 and exhibit growth at a CAGR of 8.8% in the forecast period from 2022 to 2032.
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Probiotics, often known as friendly bacteria, are helpful bacteria that reside in the intestines. Their objective is to maintain the health of the digestive and immune systems. Patients with irritable bowel syndrome (IBS) have found the product to be extremely helpful in their treatment. Additionally, they can be used to treat diarrhoea. They probably assist a small number of skin disorders including eczema, despite the dearth of evidence.
Traditionally, dairy products like yogurt, cheese, and milk have been the most common sources of probiotics. Lactose-intolerant people and those who do not eat dairy products, on the other hand, dislike them. The greatest non-dairy choices available in various sales channels like hypermarkets/supermarkets and online channels are vegan or plant-based probiotics, including kombucha, coconut kefir, coconut yogurt, miso, sour pickles, and olives.
Key Takeaways from the Vegan Probiotics Market Study
- The North America vegan probiotics market is expected to generate nearly 38% of the share in the forecast period.
- The U.S. is set to hold about 65% of the vegan probiotics market share in North America vegan probiotics market by the end of 2032.
- Europe vegan probiotics market is expected to account for around 31% of share in the evaluation period.
- Germany vegan probiotics market holds 22% of the share in Europe.
- Asia Pacific is expected to generate 20% of the vegan probiotics market share during the forecast period.
- China is set to account for 32% of the vegan probiotics market share in Asia Pacific.
“Leading companies are striving to reduce the side effects of their in-house products owing to the rising consumption of antibiotics, which is likely to push the development of organic and vegan probiotics with rising efficiency. Apart from that, growing geriatric population who is more prone to risks associated with chronic diseases such as diabetes, cancer, and strokes, is likely to aid growth,” says a lead analyst at Future Market Insights.
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Competitive Landscape: Vegan Probiotics Market
The global vegan probiotics market is highly competitive in nature. Industry giants such as Beyond Meat, Impossible Foods, and Oatly are witnessing a spike in terms of demand for plant-based food alternatives as they partner up with eateries and huge corporations.
Some of the leading companies offering vegan probiotics products are Naturelo, Yakult, Lallemand Inc., DSM, PlantFusion, LoveBug Probiotics, Custom Probiotics Inc., Wellbeing Nutrition., and Nature Made.
Vegan Probiotics Market Outlook by Category
By Source:
- Bacteria
- Yeast
By Sales Channel:
- Modern Trade
- Franchised Outlets
- Specialty Store
- Online Channel
By End Use:
- Food & Beverages
- Nutrition Industry
- Health Care
- Fitness
- Other
By Product Type:
- Kombucha
- Soy Milk
- Coconut Kefir
- Coconut Yogurt
- Miso
- Sour Pickles
- Olives
- Sauerkraut
- Supplements
- Others
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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