USD 595.7 Million
Report ID: SQSG30C2029 | Region: Global | Published Date: September, 2022 | Pages: 157
The global Bacillus Coagulans market was valued at USD 595.7 Million in 2021, and it is expected to reach a value of USD 1057.1 Million by 2028, at a CAGR of 7.91% over the forecast period (2022 - 2028).
Bacillus coagulans is a good bacteria used in food and medicine, similar to lactobacillus and other probiotics. It is used to treat all types of diarrheas, including infectious varieties like rotavirus in children and antibiotic-induced diarrhea. Additionally, it is used to treat IBS, general digestive issues, inflammatory bowel diseases like IBD, Crohn's disease, and ulcerative colitis, as well as infections brought on by the ulcer-causing bacterium Helicobacter pylori. It is used to strengthen the immune system to ward off cancer, the development of cancer-causing substances, and respiratory infections.
Due to rising health concerns and a rise in the demand for functional foods, the global market for Bacillus coagulans has seen substantial growth prospects. Additionally, an increase in R&D spending fuels the market's expansion. The market's expansion is slowed down by consumers' ignorance about Bacillus coagulans' efficacy. It is anticipated that rising consumer demand for Bacillus coagulans products in emerging economies would open up new market expansion prospects.
Global Market Size
USD 595.7 Million
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The global Bacillus Coagulans market is segmented based on type, application and region. Based on type, the market is segmented into, type 1, type 2, and type 3. Based on application, the market is segmented into, food and beverage, bakery products, dairy products, processed foods, pharmaceuticals, cosmetic products, dietary supplements, animal feed, and others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Application
Based on application, the market is segmented into, food and beverage, bakery products, dairy products, processed foods, pharmaceuticals, cosmetic products, dietary supplements, animal feed, and others. Among these, the food and beverage segment is projected to hold the most substantial share in the market. A spore-forming bacteria called Bacillus coagulans is often used for its probiotic properties. On ingestion, the bacterium is known to enhance gut health and delay the onset of gastrointestinal and digestive problems. The microorganism is used in goods like animal feed, bread, confectionery, dairy, drinks, and functional foods. A gram-positive, spore-forming bacterium called Bacillus coagulans is used as a probiotic. It was formerly known as Lactobacillus sporogeneses and is more commonly referred to as Lactic Acid Bacteria. It is advantageous for human consumption and non-pathogenic to consume Bacillus coagulans. It is used to treat a variety of medical conditions, including lactose intolerance, diarrhea, constipation, digestive issues, and to boost immunity.
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In 2021, Asia-Pacific is expected to have the biggest market share of 42.0%. The region is also projected to be the fastest growing with a CAGR of over the forecast period. This can be attributed to rising healthcare spending by the populace in the region. Given that these countries are the biggest consumers of functional foods and beverages, the growing economies of ASEAN, China, and India are anticipated to be the largest markets for bacillus coagulans. Additionally, one of the key reasons promoting market expansion in these economies is the rising senior population. Further, the North American region is also projected to hold one of the most substantial share in the market attributing to the presence of major players operating in the market in the region.
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The market is consolidated in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Top Players' Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global bacillus coagulans market is segmented based on type, application and region. Based on the type, the type 1 segment of the market is projected to hold a substantial share in the market. Based on the application, the food and beverage segment of the market is projected to hold a substantial share in the market. Based on the region, the Asia-Pacific region of the market is projected to hold a substantial share in the market.
|Market size value in 2021||USD 595.7 Million|
|Market size value in 2028||USD 1057.1 Million|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Bacillus Coagulans Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bacillus Coagulans Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG30C2029