LONDON, Dec.19, 2016 /PRNewswire/ -- This BCC Research report provides an upâ€"toâ€"date analysis of recent developments and current trends in the global market for probiotics. It quantifies the projected impact of both internal and external forces that are affecting the global market for probiotics from 2015 through 2020.
Use this report to:
Gain insight into current trends and recent developments in the field of probiotics globally across verticals such as ingredients, applications, end-users, functions and regions.
Assess market values and revenue generation data from present as well as past years, with future estimation and projected compound annual growth rates for the next five years.
Understand current trends, and the regional dynamics of probiotics market with special emphasis on the supplier landscape.
Identify the leading market drivers of probiotics market and their corporate profile.
The global probiotics market totaled $31.8 billion and $34.0 billion in 2014 and 2015 respectively. The market should total $50.0 billion by 2020, growing at a compound annual growth rate (CAGR) of 8.0% from 2015 to 2020.
The global probiotics market for the food and beverage industry totaled $23.2 billion and $24.8 billion in 2014 and 2015 respectively. The market should total $36.6 billion by 2020 at a CAGR of 8.1% from 2015 to 2020.
The dietary supplements segment totaled $3.2 billion in 2015, and should total $4.7 billion by 2020 at a CAGR of 7.8% from 2015 to 2020.
Global demand for probiotics is expected to rise at the rate of 8.0% over the –forecast period. Growing health concerns are expected to drive this market.
The probiotics market has evolved alongside developments in the food and beverages, dietary supplements, and animal feed industries. Food and beverages is the major application and makes the most use of probiotics, dominating the market and accounting for almost 73% of the market share. The probiotics market is expected to
witness significant growth during the forecast period. The market is primarily driven by Asia–Pacific, Europe and North America regions.
Some of the key participants in the market for probiotics include, Biogaia, Chr. Dansen Holding, Danone, DuPont, Nebraska, Probi, Probiotics International and Yakult.
Asia-Pacific accounts for the highest market share for probiotics, followed by Europe and North America. Increasing demand for probiotics in the food and beverages industry is primarily driving this market.
This report also highlights the supplier landscape with a focus on profiles of major companies.
STUDY GOALS AND OBJECTIVES
The goal of this report is to provide an up–to–date analysis of recent developments and current trends in the global market for probiotics. Identifying significant drivers of revenue growth is an additional aim. The objective of this type of systematic research is to quantify the projected impact of both internal and external forces that areaffecting the global market for probiotics over the forecast period of 2015 through 2020.
SCOPE OF REPORT
The scope of this report is broad and covers all the applications of probiotics, globally.The market is broken down into major types of ingredients, applications, end users, functions and regions. Revenue forecasts from 2015 through 2020 are given for each major type, including regional revenue shares. Estimated values used are based on manufacturers' total revenues. Market values are presented in U.S. dollars, unadjusted for inflation.
The report also includes a discussion of the major players in each of the regional markets and explains the major global drivers, the current trends, and the regional dynamics of the market. The report concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors of probiotics globally and discusses the market shares of the major players by region.
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