Health awareness and gut related disorders have prompted the growth of probiotics in the daily diet of individuals. The sector is driven in a major way by the demand directed from the food & beverage and pharmaceutical sectors. Probiotics have also emerged as a potential functional food or nutraceuticals. Health benefits gained out of probiotics consumption are the main drivers to the development of this segment. Growth of the nutraceuticals market has also provided an impetus for the increased demand of this sector.
Global Key Players and Competition Analysis
The key players that are involved in Global Probiotic market are BioGaia, China-Biotics, Danisco, Danone, Nestlé, Yakult, Arla Foods, Lifeway Foods, Mother Dairy Fruit & Vegetable Pvt, Nebraska Cultures, Lallemand and Chr. Hansen holding.
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The market for Global Probiotic is segmented in mainly three parts i.e. by type, by application, by end-use and its various sub-segments; Segmentation by bacterial type includes Lactobacillus, Streptococcus, Bifidobacterium, and others (including yeast, spore formers and other probiotic bacteria). Whereas by application the report includes Food and Beverages, dietary supplements and animal feed. Furthermore, segmentation by end use includes human probiotics and animal probiotics.
Asia-Pacific dominated the Global Probiotic Market with the largest market share, accounting for $XX billion and is expected to grow over $XX billion by 2027. North America is expected to experience substantial growth from 2015 to become one of the significant markets for Probiotic and expected to grow at CAGR of XX% from $ XX billion in 2016 to $XX billion by 2027. The European market for Probiotic is expected to grow at a CAGR of XX% over the period of 2016 – 2027.
Probiotic Market is increasing due to growing health awareness worldwide, rising population and disposable income has boosted the demand for Probiotic in recent years. The market in Asia Pacific is growing steadily. Moreover, the market for Probiotic is expected to witness considerable growth over the coming years In US and Europe. Hence the market for Probiotic is expected to grow at a CAGR of XX% over the period of 2016 – 2027.
Browse the market data and information spread across 115 pages with 47 data tables and 12 figures of the report “Global Probiotics Market Research Report- Forecast to 2027” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/probiotics-market-966
Sept 2017 Yakult, who is a major player in the probiotics market announced the launch of its new probiotic products which is under a development stage. The company focuses on satiating the rising demand of health and functional food segment.
Sep 2016 Tropicana Products, Inc., which is a division of PepsiCo, Inc. launched Tropicana Essentials Probiotics. The product is a new 100% juice beverage with probiotics. The unique formulation and innovation will capture the attention of mass consumers thus further increasing the sale of the products.
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