Asia Pacific Probiotic Yeast Market By Application (Nutrition and Supplement, Animal Feed and Food & Beverages), By Type (Powder and Capsules), By Sales Channel (Offline and Online), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Probiotic Yeast Market
Market Report Description
The Asia Pacific Probiotic Yeast Market would witness market growth of 13.7% CAGR during the forecast period (2021-2027).
The growing consumption of functional food is contributing to the augmenting demand for probiotic yeast in the market. Additionally, the high adoption of alkaline diets would also open new growth prospects for the probiotic yeast market during the forecast period. Aspects like the ban on the usage of antibiotics in animal feed have also resulted in the rising number of better & innovative products in certain countries. Manufacturers are increasingly using probiotic yeast in the making of biscuits, chocolates, and other products and the growing demand for probiotics especially for chronic diseases like diarrhea & intestinal diseases. These factors would further bolster the growth of the market over the forecast period. The rising disposable income and living standards of the consumers in the emerging nations would support the growth of the probiotic yeast market.
The increasing disposable income of the consumers in the emerging nations of the region like India, China, and Japan is contributing to the regional growth of the probiotic yeast market. In addition, the growing consumption of bakery products like cakes, bread and many more is pushing the regional probiotic yeast market forward. Additionally, the shifting food patterns along with the increasing living standard of the consumers are fueling the demand for the probiotic yeast in the region.
Moreover, consumers are becoming conscious about what they eat, which is creating demand for a wide range of healthy food items and food substitutes that could become an opportunity for the companies to expand their business in the region. Additionally, the growing cases of various diseases including chronic diseases are among the major aspects propelling the growth of the probiotic yeast market in the region.
The China market dominated the Asia Pacific Offline Probiotic Yeast Market by Country 2020, thereby, achieving a market value of $38,652.4 Thousands by 2027. The Japan market is exhibiting a CAGR of 12.4% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 13.7% during (2021 - 2027).
Based on Application, the market is segmented into Nutrition and Supplement, Animal Feed and Food & Beverages. Based on Type, the market is segmented into Powder and Capsules. Based on Sales Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Biocodex S.A., Life-Space Group, Bronson Laboratories, Seeking Health, LLC, NOW Foods, Inc., Jarrow Formulas, Inc., Lallemand, Inc., Angel Yeast Co., Ltd., Alltech, and Chr. Hansen Holding A/S
Scope of the Study
Market Segments Covered in the Report:
- Nutrition and Supplement
- Animal Feed
- Food & Beverages
By Sales Channel
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Biocodex S.A.
- Life-Space Group
- Bronson Laboratories
- Seeking Health, LLC
- NOW Foods, Inc.
- Jarrow Formulas, Inc.
- Lallemand, Inc.
- Angel Yeast Co., Ltd.
- Chr. Hansen Holding A/S
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