Bacillus Coagulans Market Estimated to Witness High Growth Owing to Rising Health Consciousness
Bacillus Coagulans Market |
Bacillus coagulans is a naturally occurring bacterium found in the human gastrointestinal tract. It is used as a probiotic supplement to maintain a healthy digestive system. Bacillus coagulans products are available in the form of capsules, tablets, powder, and liquid for oral consumption. It helps improve the symptoms of gastrointestinal problems such as diarrhea, irritable bowel syndrome, acid reflux, and constipation.
The global bacillus coagulans market is estimated to be
valued at US$ 722.43 Mn in 2023 and
is expected to exhibit a CAGR of 12%
over the forecast period 2023 to 2030, as highlighted in a new report published
by Coherent Market Insights.
Market Dynamics
Rising health consciousness among consumers is the primary driver propelling
the growth of the bacillus coagulans market. According to a survey by the
International Food Information Council Foundation, 73% of consumers consider
probiotics as an important component of their daily diet. Moreover, the
COVID-19 pandemic has made people more cognizant of their health and immunity,
thereby fueling the demand for probiotic supplements in the market.
Bacillus coagulans assists immune function by stimulating the activity of
natural killer cells and macrophages. Therefore, it is gaining popularity as an
alternative treatment for preventing infections, autoimmune disorders, and
seasonal illnesses such as common cold and flu, which is propelling market
growth. However, lack of awareness about the benefits of bacillus coagulans in
some developing nations may hamper the market growth during the forecast
period.
SWOT Analysis
Strength: The Bacillus Coagulans Market has several advantages such as the
probiotic strains of Bacillus Coagulans are generally regarded as safe and have
shown positive health benefits. Bacillus Coagulans strains are natural
inhabitants of the human gastrointestinal tract and readily colonize in the
digestive system. They help promote healthy digestion and support immune
function through the production of bacteriocins and other antimicrobial
compounds.
Weakness: High prices of Bacillus Coagulans supplements compared to other
probiotics may restrain the market growth to some extent. Limited clinical
research studies have been conducted on the specific health benefits of
Bacillus Coagulans strains, which restricts the product adoption.
Opportunity: Rising awareness about preventive healthcare and gut health
management opens up opportunities for Bacillus Coagulans supplements. Growing
preference for natural and herbal remedies for various ailments instead of
chemical-based medicines will boost the sales. Increasing adoption of probiotic
drinks and dietary supplements infused with Bacillus Coagulans strains presents
lucrative prospects.
Threats: Stringent regulatory policies for new strains and products may
negatively impact the Bacillus Coagulans industry. High R&D costs
associated with clinical validation of health claims and bringing novel
products to markets also threaten the steady growth of the market.
Key Takeaways
The global
Bacillus Coagulans market is expected to witness high growth. The global
bacillus coagulans market is estimated to be valued at US$ 722.43 Mn in 2023
and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030.
North America dominates the global Bacillus Coagulans market
and is expected to maintain its leading position throughout the forecast
period. This is attributed to increased awareness about preventive healthcare
and growing popularity of probiotic supplements among consumers in the region.
Key players related content comprises Key players operating in the Bacillus
Coagulans market are BASF SE (Germany), Dow (U.S.), CLARIANT (Switzerland),
Nippon Paint Holdings Co., Ltd.(Japan), PPG Industries, Inc. (U.S.), The
Sherwin-Williams Company (U.S.), Huntsman International LLC. (U.S.),
MarvelVinyls (India), The VersaFlex Companies (U.S.), Axalta Coating Systems,
LLC (U.S.), Pidilite Industries Ltd. (India), Valspar (U.S.), Rhino Linings
Corporation. (U.S.), Nukote Coating Systems, Intl. (U.S.), Jotun (Norway),
RODDA PAINT, CO. (U.S.), Constro Chem India Pvt. Ltd. (India), ELMET (U.S.),
Aalberts Surface Technologies GmbH.(Netherlands). These companies are focused
on expanding their global footprint through mergers & acquisitions and
collaborations with regional players.
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