North America 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 North America Probiotic Yeast Market
Market Report Description
The North America Probiotic Yeast Market would witness market growth of 11.6% CAGR during the forecast period (2021-2027).
Trends like organic food & prebiotics have motivated companies to make innovative products, which integrate diverse active ingredients to tackle gastrointestinal problems. The growing popularity of various dietary supplements among pregnant women, elder populations, and children would surge the demand for probiotic yeast for dietary supplements. People are becoming more aware of the significance of gut microbiota in improving immunity and overall health. Probiotic dietary supplements are gaining more popularity among consumers as an external source of intestinal flora. The growing usage of probiotic yeasts in animal feed to boost immunity for numerous diseases would bolster the growth of the probiotic yeast market. Growing R&D on the therapeutic purpose of probiotic yeast is projected to propel the growth of the market in the coming years.
The high population of health-conscious people across this region is one of the major factors propelling the growth of the regional probiotic yeast market. The healthy food patterns among the population are motivating various manufacturers to produce healthy food items to meet the growing demand for such products. The high awareness regarding the benefits of consuming probiotic yeast-based products would augment the regional demand for the products.
The increasing cases of chronic diseases in various nations of the region like the US and Canada are motivating people to adopt more healthy products, which is creating more opportunities for the key players of the probiotic yeast market. This would further bolster the regional growth of the market. In addition, the high living standard of the consumers is creating more demand for healthy food items in the region. The high consumption of bakery products like bread, cake, etc., would spur regional growth.
The US market dominated the North America Capsules Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $52,343.4 Thousands by 2027. The Canada market is experiencing a CAGR of 17% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 16% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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