Probiotics Market Worth 64.02 Billion USD by 2022
PUNE, India, September 27, 2017 /PRNewswire/ --
The report "Probiotics Market by Application (Functional Food & Beverages (Dairy, Non-dairy Beverages, Baked Goods, Meat, Cereal), Dietary Supplements, Animal Feed), Source (Bacteria, Yeast), Form (Dry, Liquid), End User (Human, Animal), and Region - Forecast to 2022", published by MarketsandMarkets™, the market is estimated to be valued at 45.64 Billion in 2017, and is projected to reach a value of USD 64.02 Billion by 2022, at a CAGR of 7.0% from 2017. The market is driven by factors such as growing awareness about health benefits of yogurt among customers, rising demand for nutrient-rich feed for animals, and increasing popularity of probiotic dietary supplements.
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Browse 64 Market Data Tables and 42 Figures spread through 158 Pages and in-depth TOC on "Probiotics Market - Forecast to 2022"
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The bacterial segment accounted for the largest share of the Probiotics Market in 2016
On the basis of source, the Probiotics Market has been segmented into bacteria (Lactobacilli, Bifidobacteria, Streptococcus thermophilus) and yeast. The bacterial segment accounted for the largest share in 2016. Health benefits associated with good bacteria such as increased lactase production, prevention of diarrhea, prevention of irritable bowel syndrome, and enhanced immunity of Lactobacilli make the strain the most preferred option by producers, resulting in the largest market share.
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The liquid segment, by form, accounted for the largest share of the Probiotics Market in 2016
The liquid form segment held the largest share in the global Probiotics Market in 2016. Liquid probiotics are preferred by consumers having difficulty in swallowing pills, especially infants. New products are available in the market such as probiotic-infused juices and yogurt-based drinks, which provide consumers with new options of probiotic consumption.
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The Asia Pacific region dominated the Probiotics Market in 2016
In 2016, the Asia Pacific region led the global market for probiotics. Factors such as rapid urbanization combined with higher disposable incomes and rising consumer interest in health products drive the Probiotics Market in Asia Pacific. The demand for healthy livestock is fueling the demand for probiotic-based animal feed in the Asia Pacific region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Chr. Hansen, Danone, Yakult Honsha, Nestlé, and DuPont, which have a strong global presence. Other players include Morinaga, Lallemand, Probi, Bifodan, BioGaia, Probiotics International, and Nebraska Cultures.
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