Probiotics, which consist of living bacteria and yeast, are important for the digestive system. They are also known as the good bacteria in the body. Some of the common conditions treated by Probiotics include Irritable bowel syndrome, inflammatory bowel disease IBD, Infectious diarrhea, and antibiotic-related diarrhea among others
Sample Infographics:
The global Probiotics market was valued at USD 41.52 billion in 2016 and is projected to reach USD 75.04 billion by 2025, growing at a CAGR of 6.8% from 2017 to 2025.
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Market Dynamics:
1. Market Drivers
1.1 Growing preference for dietary supplements as functional foods
1.2 Increasing health concerns
1.3 Increasing R&D in the Probiotics field
2. Market Restraints
2.1 Stringent standards and regulations
2.2 High operating costs
Market Segmentation:
The Global Probiotics Market is segmented on the basis of Source, Application, End-use, and region.
1. Global Probiotics Market, by Source:
1.1 Yeast
1.2 Bacteria
1.2.1 Lactobacilli
1.2.1.1 Lactobacillus Rhamnosus
1.2.1.2 Lactobacillus Rheuteri
1.2.1.3 Lactobacillus Acidophilus
1.2.1.4 Lactobacillus Casei
1.2.2 Bifidobacterium
2. Global Probiotics Market, by Application:
2.1 Functional Food & Beverages
2.2 Dietary Supplements
2.3 Animal Feed
3. Global Probiotics Market, by End-use:
3.1 Human
3.2 Animal
4. Global Probiotics Market, by Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Arla Foods, Inc.
2. BioGaia AB
3. Chr. Hansen Holding A/S
4. Danone
5. Danisco A/S
6. General Mills, Inc.
7. I-Health Inc.
8. Lallemand Inc.
9. Lifeway Foods Inc.
10. Mother Dairy Fruit & Vegetable Pvt. Ltd.
11. Nestlé
12. Morinaga
13. Dupont
14. Yakult Honsha
15. Probi
16. BioGaia
17. Bifodan
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
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