Global Streptococcus Probiotic Market - 2024-2031

Global Streptococcus Probiotic Market - 2024-2031

Global Streptococcus Probiotic Market reached US$ 623.1 million in 2023 and is expected to reach US$ 943.1 million by 2031, growing with a CAGR of 6.1% during the forecast period 2024-2031.

The increasing awareness of gut health and its connection to overall wellness is driving the global Streptococcus probiotic market. Consumers are becoming more informed about the benefits of probiotics, including Streptococcus strains, for improving digestion, boosting immunity, and enhancing overall health. This trend is propelling the demand for high-quality probiotic products in the market.

Continued innovation in probiotic formulations and delivery methods is a significant trend in the Streptococcus probiotic market. For instance, on September 26, 2022, Blis, a probiotic company based in New Zealand, announced promising results regarding upper respiratory health. With recent favorable findings, the company is expanding the potential health benefits associated with its flagship probiotic strain, BLIS K12, particularly focusing on upper respiratory well-being.

Consumers in the Asia-Pacific region are becoming more health-conscious, leading to a greater awareness of the benefits of probiotics, including Streptococcus strains. This heightened health awareness is driving demand for probiotic products as part of daily dietary routines to improve digestive health and boost immunity. The growing consumer focus on wellness and preventive health is expanding the market for Streptococcus probiotics.

Dynamics

Growing Trend Towards Personalized Nutrition

As consumers become more knowledgeable about the importance of gut health and the benefits of probiotics, there is a growing demand for personalized probiotic solutions tailored to individual health needs. Streptococcus probiotics, known for their potential health benefits, are well-positioned to capitalize on this trend. Market growth is driven by consumers seeking probiotic products that address specific health concerns or dietary preferences, contributing to increased sales and market expansion.

As scientific understanding of the microbiome expands, there is increased confidence in the efficacy and safety of Streptococcus probiotics, driving consumer trust and adoption in the global market. For instance, on March 28, 2023, Bailey highlighted the distinctive feature of the IBS-targeted Streptococcus thermophilus probiotic strain in the thriving biotics market: its ability to thrive even in high-inflammatory conditions.

Continued Innovation in Probiotic Products

Innovation in Streptococcus probiotic products encompasses advancements in formulation, delivery systems, and functionality, offering differentiated features that set them apart in the market. Enhanced stability, bioavailability, and survivability of probiotic strains improve product efficacy and consumer satisfaction, driving market adoption and loyalty. Innovative product features address specific consumer needs and preferences, driving market differentiation and competitiveness.

According to the International Probiotic Association, Despite its potentially alarming name, Streptococcus thermophilus could be likened to the warm and nurturing mother-in-law of their microbiome. Streptococcus thermophilus isn't a harmful strain; in fact, they consume it more frequently than they might think! Many strains of Streptococcus thermophilus are friendly probiotics, characterized by their warmth and nurturing properties. As a gram-positive, lactic-acid probiotic, Streptococcus thermophilus plays a key role in the production of some of their favorite foods, including yogurt.

Lack of Consumer Awareness

A primary consequence of low consumer awareness about Streptococcus probiotics and their health benefits is reduced demand. Consumers are not knowledgeable about the specific advantages of these probiotics, such as their role in improving digestive health and boosting immunity, they are less likely to seek out or purchase these products. This limited demand directly impacts the overall size and growth of the market.

Lack of awareness can also affect the perceived value of Streptococcus probiotics in the market. Consumers unfamiliar with the specific benefits view these products as less essential or value-added compared to more well-known probiotics or health supplements. This perception can lead to pricing pressures, as companies are forced to lower prices to attract consumers, potentially affecting market profitability and the ability to invest in further innovation.

Segment Analysis

The global streptococcus probiotic market is segmented based on type, application, end-user, and region.

Growing Consumer Preference for Functional Foods

Streptococcus thermophilus is extensively used in the production of dairy products like yogurt and cheese, which are popular across various regions. The high consumption of these dairy products contributes significantly to the market share of Streptococcus thermophilus probiotics. Their established presence in everyday food items ensures a steady demand in the segment market.

Continuous innovation and product development in the probiotic market are centered around creating more effective and consumer-friendly probiotic products. Streptococcus thermophilus, being a well-studied and versatile strain, is frequently used in these new formulations. The ongoing development of innovative products containing this strain drives market growth and secures its leading position.

Geographical Penetration

High Consumer Demand and Investments in Asia-Pacific

The Asia-Pacific region has a large and growing population with increasing health awareness. Consumers are increasingly seeking probiotic products to improve digestive health, boost immunity, and enhance overall well-being. This high consumer demand is driving the market for Streptococcus probiotics, contributing to the region's dominant position in the global streptococcus probiotic market.

Significant investments in research and development are leading to innovations in the Streptococcus probiotic market. Asia-Pacific countries like Japan and South Korea are at the forefront of scientific research in probiotics, leading to new product developments and improved formulations. This focus on innovation attracts consumers and boosts streptococcus probiotic market growth.

COVID-19 Impact Analysis

The pandemic caused widespread disruptions to global supply chains, affecting the production and distribution of probiotics. Manufacturing plants faced challenges such as labor shortages, transportation delays, and raw material shortages. These disruptions impacted the availability of Streptococcus probiotic products in the market, leading to potential shortages and increased production costs. Companies had to adapt by finding alternative supply chain solutions to maintain market stability.

The pandemic underscored the need for scientific research and innovation in health products. The Streptococcus probiotic market has seen increased investment in research and development to better understand the health benefits of these probiotics and to develop new, effective formulations. This focus on R&D has driven innovation, resulting in a broader range of high-quality products entering the market.

Russia-Ukraine War Impact Analysis

The conflict has disrupted global supply chains, affecting the availability of raw materials and ingredients necessary for the production of Streptococcus probiotics. With key transportation routes and logistics hubs in the affected regions, the war has caused delays and increased costs in shipping and logistics. These disruptions have impacted the market by limiting product availability and increasing production costs.

The war has led to increased prices for raw materials and energy, which are essential for manufacturing probiotic products. Higher costs for ingredients, packaging, and transportation have forced producers to adjust their pricing strategies. This escalation in production costs is reflected in the market as higher prices for Streptococcus probiotic products could potentially limit consumer access and affordability.

By Type
• Streptococcus Salivarius
• Streptococcus Thermophilus
• Others

By Application
• Functional Food & Beverages
• Dietary Supplements
• Animal Feed
• Others

By End-User
• Human
• Animal

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On November 21, 2023, Designs for Health, Inc., a dietary supplement and functional food company, introduced PerioBiotic Silver, a new probiotic toothpaste aimed at promoting oral microbiome health. This fluoride-free product promises to revolutionize the oral healthcare industry with its microbiome-safe formulation. PerioBiotic Silver features a unique blend of ingredients such as purified silver, CoQ10, and grape seed extract, all designed to support balanced oral and dental wellness.
• On April 18, 2023, The Indonesian food safety authority introduced stringent standards to regulate the presence of microorganisms, including probiotics, in general, processed foods and beverages like yogurt and kombucha. With the rising consumer interest in fermented foods that offer potential health benefits, such as probiotics for immune support, these new regulations aim to ensure safety and quality. This trend is particularly notable in Southeast Asian countries, including Indonesia.
• On April 17, 2024, In a groundbreaking development, Hillman engineered a strain of dental plaque bacteria to metabolize sugar differently, producing Lactic acid instead of alcohol. This innovation aims to prevent tooth decay by addressing the root cause, offering a promising solution to combat cavity-causing bacteria.

Competitive Landscape

The major global players in the global streptococcus probiotic market include Mitushi Bio Pharma, Probi AB, Alpspure Lifesciences Pvt. Ltd., Fido Pharma Pvt. Ltd., Probiotics International Ltd (Protexin), Jaipur Bio Fertilizers, Advanced Vital Enzymes Private Ltd (Advenza), Fengchen Group Co., Ltd, Biodep Biotechnology Co., Ltd, and Probioway Co., Ltd.

Why Purchase the Report?
• To visualize the global streptococcus probiotic market segmentation based on type, application, end-user, and region, as well as understand critical commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous global streptococcus probiotic market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of critical products of all the major players.

The global streptococcus probiotic market report would provide approximately 70 tables, 68 figures, and 213 users.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies