Probiotics Market Will Surpass USD 3 Billion by 2024

Sellbyville, DE -- (SBWire) -- 05/06/2019 --Most of the reputed biggies in probiotics market, in conjunction with renowned life science companies, have been making hefty investments in recent times to carry out innovative research activities in the domain of probiotics. One of the leading biotechnology companies, OptiBiotix for instance, recently signed an agreement with the IPA (International Probiotics Association) in order to share updates regarding any upcoming advances and new product developments in the field of probiotics. In addition, the firm also looks forward to expanding its business scope in probiotics industry by means of strategic partnerships with pharmaceutical companies.

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It has been observed that probiotics integrated with animal feed additives have significant impact on animal health and has the capability to prevent and control enteric pathogens, which has provided a boost to probiotics market growth from the animal feed sector. The growing concern about the declining usage of AGPs in animal feed along with surging development of probiotic product manufacturing for animal nutrition will further push probiotics market share over the years ahead.

It has been observed that regulatory organizations have enforced a ban on the use of antibiotics for promoting the health of animals – a fact that has proven to be quite beneficial for probiotics industry. The WHO, for example, has mandated food industries and farmers to eliminate the deployment of antibiotics for preventing diseases in healthy livestock. In many countries, a whopping 80% of antibiotics has been consumed for medical purposes across the animal sector.

The research study has even brought to light that in adult mice, the lack of histidine decarboxylase (HDC) enzymes led to the development of colorectal cancer owing to inflammation of bowels. However, with the use of probiotics, the microbe causing tumor can apparently be prevented very effectively. This observation has led to probiotics industry biggies striving toward manufacturing more numbers of probiotic based medicinal formulae. With a rapid rise in the prevalence of colon cancer and the increasing requirement of a suitable treatment drug, probiotics industry share indeed, would observe a major stimulus ahead.

In order to expand their business scope beyond the regional borders, several well-known players in probiotics market have been establishing partnerships with pharmaceutical companies. OptiBiotix, for example, has signed an agreement with the Spain based pharmaceutical firm, Galenicum to commercialize its products across Peru, Middle East, Spain, and Chile for treating health issues like cholesterol and blood pressure. Galenicum's impressive portfolio may help OptiBiotix to commercialize its LP-LDL very effectively.

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At present, certain issues related to the packaging of probiotics stands as one of the major problems for most of the participants in probiotics market. While efforts are being undertaken to combat the packaging issues, in order to encourage industry giants to develop effective packaging solutions, several global packaging communities have also been organizing various tech promotional programs. For instance, in 2017, the WPO (World Packaging Organization) awarded the WorldStar Food-category award to ProAmpac, that designed a flexible food pouch for probiotic rich food and beverages. In the ensuing years, it is expected that extensive R&D programs would give rise to suitable packaging solutions that would eliminate this restraint of probiotics market. Efficient packaging solutions would also lead to the improvement of the product's shelf life, gradually impelling the growth of probiotics industry.