Asia-pacific Probiotics Market Forecast 2022-2030

Asia-pacific Probiotics Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific probiotics market is anticipated to propel with a 9.01% CAGR during the estimated period, 2022-2030. Rising awareness regarding healthy lifestyle, fitness, and good digestive health drive the Asia-Pacific market growth.

MARKET INSIGHTS

The Asia-Pacific probiotics market growth assessment includes the evaluation of Australia & New Zealand, South Korea, Japan, India, China, Thailand, Singapore, and Rest of Asia-Pacific. South Korea is traditionally known to consume various probiotic products such as makgeolli, kimchi, cheonggukjang, and other traditional fermented foods, a common condiment in their daily diet. The country’s distribution network is also quite strong, and probiotics are easily available throughout various stores and outlets, boosting probiotic consumption. South Korea is also investing highly in R&D and other innovative probiotic products.

On the other hand, Singapore’s population has shifted towards a healthier approach to nutrition, which has increased sales in the country. More inclination toward gut, mental, and skin health drive probiotic consumption. COVID-19 crisis has only accentuated the emphasis on healthy eating, and more and more consumers have turned towards immunity-boosting food, including probiotics. As a result, there is a rise in startups catering to the Singapore probiotic market.

Thailand’s culture of eating spicy foods is well-known for its Thai chilies. Consumption of high spice levels can lead to ulcers, hyperacidity and other digestive problems, which has eventually boosted the sales of probiotics in the country. Poultry is consumed on a large scale in Thailand, and many poultry farms are turning towards probiotics for the better health of animals.

COMPETITIVE INSIGHTS

Some leading market players include Mother Dairy, Yakult Honsha Co Ltd, i-Health Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments