Probiotics Market Size, Segmentation, Industry Dynamics, Revenue and Global Forecast by 2027 The global probiotics market size is expected to reach USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027. This information is published by Fortune Business Insights in its report, titled "Probiotics Market, 2020-2027". The report further mentions that the market stood at USD 48.88 billion in 2019. The growing consumption of nutritional food among the health conscious section of the market is gaining popularity in recent years. For instance, the Nutrition Society of Malaysia has also introduced the Probiotics Education Program to educate consumers on the health benefits of these products. What Does the Report Contain? The report offers an insight into the profitability, entire structure, and scale. It also studies the drivers and restraints and considers all the potential threats to the market. The critical analysis of marketplace sections, prediction analysis, and expert insights are strategically included in the report. A wide spectrum of data, including regional analysis, market segmentation, industry developments, and key players, are included in the research conducted by market experts. Driving Factor Rising Awareness of Product through Social Mediums to Surge Demand The numerous health benefits of the product are augmenting the probiotics market growth. The increasing awareness and advertisement by prominent personalities are creating a demand in the market. Various athletes and yoga instructors are emphasizing the health benefits of nutraceuticals through social media as paid partnerships. Also, a considerable chunk of health-conscious vegan consumers prefers to get their nutrients from nutraceutical sources. The industry is also experiencing heavy investment in research and development for innovation. For example, in February 2020, Amorepacific Group inaugurated its novel green tea probiotics Research Centre for studying lactobacillus found in Jeju organic green tea. Regional Insights Rising Awareness of Health Benefits to Aid Growth in Asia Pacific Asia-pacific is expected to hold the largest probiotics market share due to high consumption in China and Japan. The rising awareness of the health benefits of the product is garnering significant demand from the region. For instance, Yakult Honsha declared the company sales of 9,540 bottles of Yakult every day in Japan. North America is anticipated to showcase considerable growth in the forthcoming years. This is due to the well-established food industry in the region. Moreover, a rising preference for a healthy diet owing to the prevalence of lifestyle diseases in the region is anticipated to incur product demand. Competitive Landscape Collaboration by Prominent Companies to Brighten Their Market Prospects The competitive landscape of the market for probiotics enlightens us with details on prominent players of this industry. Technological advancement by key players is being researched to gain traction in the market. Several market giants are also collaborating on production facilities to expand their business horizons. Some companies are also using awareness campaigns to strategically introduce their products in regions with minimal awareness to expand their horizons. Several more strategic collaborations, acquisitions, partnerships, product launches, technological advancement, and others are spread across the market horizon of this product. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083

Gluten Free Food Market Latest Size, Growth Factors, Major Segments, Share, Revenue and Forecast by 2028 The global gluten free food market size was valued at USD 5.25 billion in 2020. The market is estimated to grow from USD 5.72 billion in 2021 to USD 9.99 billion in 2028, exhibiting a CAGR of 8.29% during the forecast period. The increasing popularity of the product’s benefits, rising demand for functional foods, and increasing product innovations are expected to fuel the market growth. Fortune Business Insights™ mentions this information in its report titled “Gluten free Food Market, 2021-2028.” Gluten-free food is produced for people suffering from gluten allergies and celiac diseases. The consumption of gluten can be damaging and may lead to intestine swelling. Therefore, the consumption of the product is expected to increase rapidly. Furthermore, rising awareness regarding the health benefits of such products is expected to increase adoption. Moreover, rising demand for functional foods and increasing product innovations may attract sales. These factors are expected to foster industry development in the coming years. List of Key Players Profiled in the Report: The Kraft Heinz Company (Illinois, U.S.) The Hain Celestial Group Inc. (New York, U.S. General Mills Inc. (Minnesota, U.S.) Kellogg’s Company (Michigan, U.S.) Conagra Brands, Inc. (Illinois, U.S.) Barilla G.E.R Fratelli S.P.A (Parma, Italy) Noumi Limited (Australia) Enjoy Life Foods (Mondelez International) (Illinois, U.S.) Alara Wholefoods Ltd. (London, U.K.) Prima Foods Ltd. (South Wales, U.K.) Drivers and Restraints Rising Prevalence of Gluten Intolerance and Celiac Disease to Fuel Market Progress The rising prevalence of gluten intolerance and celiac diseases is expected to boost the adoption of gluten-free food. As per the information provided by the Clinical Gastroenterology and Hepatology journal, nearly 1.4% global population is detected with celiac disorder. Furthermore, the rising demand for free-from and convenience foods is expected to boost the product adoption. Furthermore, rising reliability on nutritional convenience foods is expected to increase the adoption of the product. Moreover, the rising adoption of flavored food products with nutritional benefits is expected to bolster the Gluten free Food Market growth. However, higher product prices and low market penetration are expected to hinder the market’s progress. Regional Insights Growing Inclination Towards Healthy Diet to Boost Industry Progress in North America North America is expected to dominate the Gluten free Food Market share due to the growing inclination toward a healthy diet. The market in North America was USD 2.72 billion in 2020 and is expected to achieve a high market share in the coming years. Further, rising awareness regarding celiac disorder from consumers and the availability of a gluten-free diet products are expected to boost the market development. In Europe, rising demand for free-from products from Germany, Italy, and the U.K. is expected to boost gluten-free products’ adoption. Furthermore, manufacturers focus on developing innovative foods such as gluten-free pasta to boost sales. These factors may propel the market development. In Asia Pacific, rapid digitization and westernization lead to the acceptance of gluten-free food products. Furthermore, the growing artisanal bakery sector is expected to boost market progress. Competitive Landscape Manufacturers Focus on Launching Novel Products to Boost Brand Image Prominent companies operating in the market devise novel product launches to attract consumers and boost brand image. For example, in June 2021, Ulrick & Short Limited announced fazenda Nutrigel, a gluten-free functional flour, to improve the viscosity and overall texture of gluten-free bakery foods. Through this launch, the company may attract consumers and boost its brand image. Furthermore, the adoption of research and development, expansions, acquisitions, and technologically advanced production techniques boosts the market player’s position. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/gluten-free-food-market-100188