7/13/2022 0 Comments
How increasing health consciousness is shaping the future of Probiotic Supplements?
People across different corners of the world are highly conscious about their health, especially after the advent of Covid-19, and have realized how easy the disease spread has become. As the economic status of the people is improving significantly, the affordability of healthy food & beverages is also taking a swift pace and projecting a rise in the demand for nutritional & organic food in the coming years. The severity of the pandemic has played a prominent role in accelerating the need for healthy food like probiotic supplements to strengthen the immune system and increase the body's capability to fight viruses & diseases.
Today, numerous people are adding these probiotic supplements into their diets owing to the long list of benefits, including easy digestion, vitamin building, eliminating & preventing bad bacteria from entering the blood, and better breakdown & absorption of medications, among others.
Hence, as more and more people are becoming aware of the significance & benefits of these supplements, their demand is escalating at a rapid pace globally, owing to which a recent research report by MarkNtel Advisors has cited around 4.64% CAGR for the Global Probiotic Supplements Market during 2022-27. Intrigued already? Let us read the blog further to understand probiotic supplements & key aspects augmenting their popularity.
What are Probiotics & How are they used as Supplements?
In layman's terms, probiotics are living microorganisms that help the body to digest food easily and balance the levels of good & bad bacteria. In fact, probiotics are effective in addressing health issues like bowel movements, vaginal yeast infections, eczema, lactose intolerance, and urinary tract infections, among others.
There are different ways in which people take probiotic supplements in their diet, like in foods, drinks, capsules or pills, powders, and liquids, among others. Undoubtedly, the human body is a host for several microbiomes, where some are good & healthy for the body, and others just do the opposite. When there is a misbalance in the population of good & bad bacteria, exemplifying a rise in bad bacteria growth, probiotic supplements help in bringing back the balance.
Key Parameters Backing the Popularity of Probiotic Supplements
Now that we have understood that probiotics are living microorganisms that aid in boosting the immune system, what drives their demand & popularity is much more than the growing awareness among people about their benefits. Increasing health consciousness among people and the health benefits of these supplements owing to their ability to sustain within the intestine even after digestion and easing the process is among the reasons.
What adds up as another factor is the need for preventive healthcare measures, and to balance the balance of good & bad bacteria in the body. In fact, it might come as a surprise, but even doctors, healthcare professionals, dieticians, & fitness professionals recommend adding probiotic supplements to the diet.
Furthermore, the popularity of these supplements is not only for adults, these are safe and healthy even for children, teenagers, & senior citizens. Hence, the demand & popularity of probiotic supplements is escalating rapidly and stimulating the industry expansion over the years.
A Way Ahead for the Probiotic Supplements Industry
Several probiotic manufacturers are upscaling their production & distribution capacities to cater to the growing consumer requirements across different countries & regions globally. The leading players in the industry are actively working on introducing supplements with the finest combinations of bacteria strains for potentially tailoring nutrition to specific individuals & digestive systems.
In addition, there are rigorous ongoing research activities on understanding each microbial species & how they interact with food in the body to impact health in order to optimize microbial activities for improved health. Hence, it indicates an immense potential of probiotics to bridge widespread nutritional deficiencies and, consequently, a significant expansion of the Global Probiotic Supplements Market in the years ahead.
While the world is moving forward and demonstrating advancements across different sectors, energy utilization is escalating exponentially. In fact, we are coming closer to a time where every function is implemented by one or the other appliances, which requires energy to operate and make life convenient. As a result, the demand for power generation is escalating rapidly. However, exemplifying excessive utilization of non-renewable resources is posing environmental issues. Nonetheless, as mentioned above, advancements in each sector, today, renewable resources are also utilized as an excellent resource for power generation.
It is where the Small Modular Reactors (SMRS) are coming into the picture as a reliable option to meet the demands for flexible power generation in different applications. Besides, SMRs can be deployed in both single & multi-module plants and offer a combination of nuclear energy with alternative sources like renewables. On the other hand, the utilization of SMRs is not limited to just power generation but expands further into process heat, desalination, and other industrial uses.
Considering the growing requirements for SMRs, a recent research report published by MarkNtel Advisors has cited that the Global Small Modular Reactors Market is set to register around 14% CAGR during 2022-27. The mounting popularity of SMRs globally is their deployment in smaller quantities of radioactive materials, which can be set up underground, making it safe, with lower potential risks and minimal need for security staff.
So, Why Small Modular Reactors?
The rapid expansion of industrialization and an exponential rise in population projecting urbanization are the prominent aspects upsurging the demand for SMRs in various applications across different corners of the world. As we have learned so far that SMRs are majorly used for power generation, yet there is still more to it, it is time we take a look into the extended applications & demand for these reactors in the blog ahead.
With the growing need to use & produce clean energy while ensuring the elimination of dependency on fossil fuels, SMRs are viewed as an excellent alternative to traditional nuclear and atomic energy sources. In fact, these reactors are nuclear fission reactors that also produce nuclear energy.
As these reactors are viewed as a source of clean energy production, their compact size is often underestimated. You might be surprised to know that Small Modular Reactors are capable of producing an electrical power output of up to 300MWe or thermal power output of less than 1000 MWth.
On the other side, SMRs are actively gaining momentum across industries for several industrial applications like water desalination & process heating. These reactors bring out fruitful outcomes by offering a desalination plant a production capacity of 50 million gallons of drinking water per day. This is pretty much the capacity of the typically large municipal desalination plant-like supporting a population of 300,000 people.
A Pool of Investments in Small Modular Reactors Globally
Apart from their excellent utilization in industries, process, heat, and desalination, among others, SMRs’ easy deployment, compact size, safe operation, cheaper manufacturing costs, and minimal production time are other critical aspects attracting massive investments worldwide.
Moreover, as the use of alternate sources for energy is becoming a necessity to address environmental degradation and bring sustainability, the governments of different countries worldwide are investing substantially in developing small modular reactors for flexible power generation. It, in turn, is also generating growth opportunities for the leading players in the industry to expand their development, production, and distribution capabilities and cater to the rising needs globally.
As the world is taking steps to grow closer to bringing environmental sustainability, the deployment of alternative resources for power generation like SMRs is witnessing intense funding and encouragement for clean energy production. It, in turn, exemplifies remunerative prospects for the Global Small Modular Reactors Market in the coming years.