by The global Bacillus Coagulans Market is estimated to be valued at US$ 722.43 Mn or Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Bacillus Coagulans is a lactic acid bacteria that helps support digestive and immune health. It aids in lactose digestion and prevents conditions like diarrhea. The spores allow the bacteria to survive the acidic environment of the stomach.
Market key trends:
One of the major trends in the Bacillus Coagulans market is its increasing usage in probiotic supplements and functional foods & beverages. The rising awareness regarding digestive and gut health has propelled the demand for probiotic supplements across the world. Moreover, the ability of Bacillus Coagulans to survive the acidic environment of the stomach makes it an ideal ingredient for probiotic products. Numerous food and beverage companies have introduced new product lines containing Bacillus Coagulans to cater to this growing market demand. This growing application base is expected to drive the growth of the Bacillus Coagulans market over the forecast period.
Market key trends:
One of the key trends in the Bacillus Coagulans market is the increasing adoption of probiotics in dietary supplements and functional foods. Probiotics are live microorganisms that provide health benefits when consumed. Bacillus Coagulans is a commercially used probiotic that helps promote a healthy digestive system. Manufacturers are developing various probiotic products containing Bacillus Coagulans such as yogurt, juices, tablets etc. which is driving the growth of this market.
SWOT Analysis
Strength: Bacillus Coagulans has proven health benefits such as supporting digestive and immune health. It is resilient and can survive the acidic environment of the stomach.
Weakness: The effectiveness of Bacillus Coagulans supplements may vary based on dosage and strain used. More extensive research is still needed regarding its health outcomes.
Opportunity: Rising consumer awareness about preventive healthcare and gut health presents an opportunity to increase the use of Bacillus Coagulans in dietary supplements and functional food & beverages. Its application in animal feed can further boost the market.
Threats: Intense competition among existing market players and entry of new entrants may lead to pricing pressure. Stringent regulatory norms pertaining to probiotic product approval also poses a challenge.
Key Takeaways
The global Bacillus Coagulans market is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing awareness about general well-being and preventive healthcare.
Regionally, North America is expected to dominate the Bacillus Coagulans market during the forecast period. This is attributed to growing health consciousness and increasing adoption of probiotic supplements in the region. Asia Pacific is anticipated to exhibit the fastest growth rate owing to rising disposable income and growing food & beverage industry in developing countries such as China and India.
Key players operating in the Bacillus Coagulans market are Ganeden, Sabinsa Corporation, UAS Laboratories, Sanzyme, Mitsubishi Chemical Foods Corporation, Mystical Biotech Pvt. Ltd., Aumgene Biosciences, Unique Biotech Ltd., Nebraska Culture, and Syngem Biotech. These players are focusing on new product launches and strategic collaborations to strengthen their market position. For instance, Sabinsa Corporation offers Bacillus Coagulans strains like Lactobacillus Acidophilus under its probiotic brands.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
