North America Probiotic (Nutraceuticals) Market is Projected to Grow to $584.07 Million by 2019 at a CAGR of 7.7%

Dec 17, 2015, 10:00 ET from MicroMarket Monitor

PUNE, India, December 17, 2015 /PRNewswire/ --

According to the new Market Research Report "North America Probiotic (Nutraceuticals) Market By Application (Functional food, Functional Beverages, Animal Feed, Dietary Supplements, Personal care ) and By Geography- Trends and Forecast upto 2019", the North America Probiotics Market report defines and segments the probiotics market in North America with analyses and forecast of revenue. The market in North America is projected to grow from $403.04 million in 2013 to $584.07 million by 2019, at a CAGR of 7.7% from 2014 to 2019.

Browse through the TOC of "North American Infrared (IR) Detector Market" for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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North America has remarkable growth potential in the field of probiotics because of the high level of consumption of supplements and dairy products. Additionally, increasing concerns about preventive healthcare is driving the market growth. In the U.S. alone, more than 70 million adults suffer from digestive problems caused by poor consumption habits, high usage of additives for processing food, and a high rate of antibiotics intake. Awareness about the benefits offered by probiotics and increasing spending power of consumers are the key drivers of the probiotics industry in this region.

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The U.S. is the largest probiotics market in North America, and as of 2014, contributed a major share of around 58% to it. In the North American market, there are five major players: Groupe Danone (France), Chr. Hansen (Denmark), DuPont (U.S.), Lallemand Health Solutions (Canada), and Yakult Honsha Co. Ltd. (Japan). Groupe Danone is the major player with a share of 13.43%, followed by Chr. Hansen with a share of 10.63%.

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The probiotics market is segmented and projected on the basis of applications such as functional foods, functional beverages, dietary supplements, animal nutrition, and personal care. Functional foods is the most preferred application of probiotics. The market is further segmented and forecasted on the basis of major countries, such as the U.S., Canada, and Mexico.

Key Players of the North America Probiotic (Nutraceuticals) Market include:  

Groupe Danone (France), Chr. Hansen (Denmark), and DuPont (U.S.). and Lallemend Health Solutions (Canada) among others and so on.

This report also comprises market share, supply chain, and value chain analyses, and market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of key players.

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The Europe Nutraceuticals Market can be segmented by type, applications, and country

The Europe Nutraceuticals market is majorly dominated by Germany, followed by France and Italy. Nutraceuticals are included in functional foods, functional beverages, and dietary supplements which make their consumption easy. There is growing demand for nutraceuticals for personal care products because consumers prefer natural ingredients.

The Europe nutraceuticals market is projected to grow at a CAGR of 7.2% from 2014 to 2019.

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