Bacillus Coagulans Market

Bacillus Coagulans Market - Size, Share,
Trends and Forecast to 2025
Bacillus coagulans is a bacteria utilized as a probiotic. The bacteria’s ability to withstand
harsh acidic environments has led to its adoption in probiotics, which specifically targets
the human digestive system. It is useful in alleviating stomach ailments, constipations,
flatulence, abdominal pain, and irritable bowel syndrome. Due to the bacteria’s
efficacious properties, it finds application in both human and animal nutrition. Other
beneficial properties include improved immunity, prevention of respiratory disorders,
and anti-carcinogenic agent.
Asia Pacific held the largest revenue share in the global bacillus coagulans market in
2016. The region was valued at US$ 236 million in 2016. The region is also projected to
be the fastest growing with a CAGR of 7.91% over the forecast period. This can be
attributed to rising healthcare spending by the populace in the region. According to the
EU Business Avenues in South East Asia, the healthcare spending in ASEAN countries
was estimated to be around US$ 110.78 billion in 2014.
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The emerging economies of ASEAN, China and India are expected to be the key
markets for bacillus coagulans, as these are major consumers of functional food and
beverages. Moreover, increasing geriatric population in these economies is one of the
major factors driving growth of the market. According to the Economic and Social
Commission for Asia Pacific (ESCAP), the total number of elderly people is expected to
double by 2050, which will be around 1.3 billion from 547 million in 2016. Japan is the
largest consumer of probiotics, owing to its wide usage in herbal medicine for
maintaining health and treating diseases, which is further driving overall growth of the
market in Asia Pacific. Also, in economies such as India, lack of public spending on
healthcare has led to booming healthcare costs. This has led to increasing adoption of
healthcare products, which are aimed at forestalling ailments and diseases. These
factors are projected to bolster bacillus coagulans market growth.
North America was the second largest market for bacillus coagulans in 2016. The
region was valued at US$ 53 million in 2016 and is projected to exhibit a CAGR of 6.2%
over the forecast period. U.S. is projected to be the major growth driver in this region
over the forecast period, owing to increasing use of functional food and dietary
supplements. According to the U.S. Pharmacopeia Convection, dietary supplements
were used by around 80% of the adults in the U.S in 2016.
Among application, functional food segment accounted for 34% of the market and was
valued at US$ 144.3 billion in 2017. The segment is expected to be the largest and the
fastest growing over the forecast period. The dominant position of the segment can be
attributed to the bacterium’s easy formulation in any form. Functional food such as
breakfast cereals, gels, bars, and gummies are popular products infused with bacillus
coagulans. Dairy products, sports beverages, and baked goods are also popular
applications of bacillus coagulans. The bacteria is highly stable at high temperatures
and is viable during high temperature processes such as baking.
The global bacillus coagulans market is characterized by the presence of large scale
manufacturers. Strategic mergers and acquisitions, product innovations, and joint
ventures among others are some of the key strategies adopted by key players to ensure
long-term sustenance in the market. Some of the major players operating in the market
include Ganeden, Sabinsa Corporation, UAS Laboratories, Sanzyme, Mitsubishi
Chemical Foods Corporation, Mystical Biotech Pvt. Ltd., Aumgene Bioscience, and
Unique Biotech Ltd.
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The research report on Bacillus Coagulans Market is categorized by Application, and by Region - Size, Share, Trends, and Forecast to 2025

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