Probiotics are live microorganisms that, when administered in adequate amounts, confer a health benefit on the host. Lactobacillus acidophilus is one of the most widely used probiotic bacteria, commonly found in fermented foods such as yogurt. It aids in facilitating optimal digestion and relieving symptoms of digestive disorders. The Global Lactobacillus Acidophilus Probiotics Market Size is estimated to be valued at US$ 1865.88 Bn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Growing Prevalence of Digestive Disorders
The market opportunity lies in the growing prevalence of various digestive disorders globally which is fueling the demand for Lactobacillus acidophilus probiotic supplements. According to the National Institutes of Health, over 60-70 million people in the US are affected by digestive diseases annually. Moreover, the rising health consciousness among consumers regarding gut and digestive health is encouraging them to opt for probiotic supplements to regulate digestion. This growing demand from consumers battling digestive issues provides promising growth prospects for players in the Lactobacillus acidophilus probiotics market over the forecast period.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate as the probiotics market requires significant research and development investments, manufacturing facilities and scale.
Bargaining power of buyers: The bargaining power of buyers is moderate to high as the buyers have more options to choose from among key players operating in this market.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate as the raw materials used in probiotics production are widely available.
Threat of new substitutes: The threat of new substitutes is low as probiotics have sought specific health benefits that alternatives lack.
Competitive rivalry: Competitive rivalry is high among key players to sustain market share.
SWOT Analysis
Strengths: Probiotics address various health conditions and provide gut and immune system support. Growing demand for natural treatments is driving market growth.
Weaknesses: Sensitivity of probiotic strains, lack of knowledge about strains and appropriate dose, and high production costs are limitations.
Opportunities: Increasing product portfolio, technological advancements, untapped markets in developing regions present opportunities.
Threats: Stringent regulations, inconclusive research results pose challenges.
Key Takeaways
The global Lactobacillus Acidophilus Probiotics market is expected to witness high growth during the forecast period.
The North America region dominates the market currently owing to increasing health awareness. Europe is also a major market.
Key players operating in the Lactobacillus Acidophilus Probiotics market are LivaNova PLC, electroCore, Inc., SetPoint Medical Corporation, Beijing PINS Medical Co., Ltd., Parasym Ltd., Nervana, LLC, tVNS Technologies GmbH, BioControl Medical, NeurAxis, Inc., Soterix Medical Inc., MicroTransponder Inc., Boston Scientific Corporation, Cyberonics, Inc., EnteroMedics Inc., ReShape Lifesciences Inc., and Cerbomed GmbH.
Get More Insights Here: https://www.trendingwebwire.com/lactobacillus-acidophilus-probiotics-market-trends-growth-and-regional-outlook-2023-2030/
