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The market for probiotic supplements is aided by the rising use of the supplement in vaginal and urinary tract infection treatment. Moreover, rising awareness regarding vaginal health is increasing the demand for probiotic supplements to ensure a healthier balance of bacteria. In addition, the prevalence of various vagina-related infections is also surging the demand for probiotic supplements, hence aiding the market growth. The development of specific probiotic supplements for women for overall health and wellbeing is positively impacting the market growth. The increasing demand for probiotics for infants and children to ensure stable bacterial colonisation in their gut is also catalysing the probiotic supplements industry. The Asia Pacific region is expected to grow significantly owing to rising disposable income, penetration of convenience stores and supermarkets, and the growing prevalence of various chronic diseases such as diabetes, cancer, and bowel syndrome. This is expected to aid the overall market growth in the forecast period.
DuPont de Nemours, Inc. (NYSE: DD), one of the leading players in the market, opened a new-state-of-art probiotics fermentation unit at its Rochester, New York facility in July 2019. The company invested $100 MM to expand probiotic capacity to provide health and nutrition science solutions to the growing market. The facility produces high-quality probiotics for the dietary supplements and food and beverage industries. The probiotics have the potential to provide health benefits to consumers of all ages. The facility incorporates several production innovations to produce probiotic supplements efficiently. It has pressurised air technology to mix fermenting solutions, replace traditional pumps and mixing blades that can damage bacteria. Such investments in research and development (R&D) by the major companies are expected to fuel the market growth in the forecast period.
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The major players in the global market for probiotic supplements are BioGaia AB, i-Health, Inc. (DSM), DuPont de Nemours, Inc., Probi AB, Sanofi, and Lifeway Foods Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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