Probiotics Market to Grow at 7% CAGR to 2022 Driven by Demand for Probiotic Dietary Supplements

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Sep 29, 2017, 10:00 ET

PUNE, India, September 29, 2017 /PRNewswire/ --

Probiotics market is estimated to be valued at $45.64 billion in 2017 and projected to grow at a CAGR of 7.0% to reach $64.02 billion by 2022 driven by the growing awareness about the benefits of probiotics among customers, rising demand for nutrient-rich feed for animals, and increasing demand for probiotic dietary supplements, while Asia Pacific is projected to be the fastest-growing region due to the incorporation of probiotics in daily diets of consumers in China and Japan according to RnRMarketResearch.

Browse 64 Market Data Tables and 42 Figures spread through 158 Pages and in-depth TOC on "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" http://www.rnrmarketresearch.com/probiotics-market-by-products-functional-foods-dietary-supplements-specialty-nutrients-animal-feed-applications-regular-therapeutic-preventive-health-care-and-ingredients-lactobacilli-bifi-market-report.html .

Asia Pacific: High growth is expected in the probiotics market. Asia Pacific is projected to be the fastest-growing region in terms of value between 2017 and 2022. Some of the factors that drive the usage of probiotics in this region include high demand for functional foods and dairy products, the presence of major players in these regions, and awareness about the benefits of using probiotics.

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.

Make an Inquiry on 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 research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=72364 .

On the basis of form, the liquid segment accounted for the largest share of the 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. On the basis of end user, the human probiotics segment accounted for the largest share of the probiotics market in 2016. The routine consumption of probiotics in regular diets has shown functional improvements in consumer health, which has fueled the demand for human probiotics over animal probiotics.

On the basis of source, the probiotics market was led by the bacterial segment. Lactobacilli, one of the types of bacteria, accounted for the largest market share in 2016. Health benefits 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 probiotic producers. Functional food & beverages segment, by application, accounted for the largest share of the probiotics market in 2016. Growing health concerns among consumers have led the manufacturers to come up with a variety of probiotic fortified foods, which has fueled the demand for probiotics in the functional food & beverage segment.

Inquire for Discount on "Probiotics Market - Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/discount?rname=72364 .

Break-up of Primaries:

By Company Type: Tier 1 - 35%, Tier 2 - 45%,and Tier 3 - 20%
By Designation: D Level - 25%, C Level - 35%, and Others* - 40%
By Region: North America - 20%, Europe - 25%, Asia Pacific - 40%, and RoW - 15%

*Others include sales manager, marketing managers, and product managers.

The report segments the probiotics market on the basis of source, application, form, end user, and region. In terms of insights, this research report has focused on various levels of analyses - competitive landscape, end use analysis, and company profiles which together comprise and discuss the basic views on the emerging & high-growth segments of the global probiotics market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Another research titled Probiotics in Animal Feed Market Global Forecast to 2022 says, the probiotics in animal feed market is valued at $3.25 billion in 2016, and projected to grow at a CAGR of 7.7%, to reach $5.07 billion by 2022. Bacteria probiotics in animal feed source segment to drive the growth of the market. Dry form probiotics in animal feed at the highest CAGR through 2022. Poultry livestock accounted to be the largest market share of probiotics in animal feed in 2016. Asia-Pacific: High growth is expected in the probiotics in animal feed segment. Companies such as Chr. Hansen A/S (Denmark), Koninklijke DSM N.V. (Netherlands), E. I. du Pont de Nemours and Company (U.S.), Lallemand, Inc. (Canada), Lesaffre & Cie (France), Novozymes A/S (Denmark), Calpis Co., Ltd. (Japan), Land O'Lakes, Inc. (U.S.), Schouw & Co.(Denmark), Evonik Industries AG (Germany), Alltech (U.S.), Mitsui & Co., Ltd. (Japan) have been profiled in this 168 pages research report available at http://www.rnrmarketresearch.com/probiotics-in-animal-feed-market-by-bacteria-lactobacilli-streptococcus-thermophiles-idobacteria-others-livestock-cattle-feed-poultry-feed-swine-feed-pet-food-by-geography-global-analysis-forecast-to-2019-market-report.html .

Explore more reports on Food & Beverage Market at http://www.rnrmarketresearch.com/reports/food-beverage .

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