Probiotics Market by Manufacturers, Types, Regions and Application Research Report Forecast to 2027
The global Probiotics
Market is expanding at sound speed and is expected to reach a significant valuation over
the forecast period of 2016-2027, asserts Market Research Future (MRFR) in
a detailed research report.
The rise in the prevalence of gastrointestinal
disorders such as colic, regurgitation, constipation, functional abdominal pain
and others have spurred the adoption of probiotics. The use of probiotics has been documented to significantly reduce
such gastrointestinal problems among consumers and reduce costs for managing
gastrointestinal disorders.
Increase in
awareness regarding the role of microorganisms in the maintenance of good health has resulted in an upswing in demand for probiotics. Probiotics help in nutrient absorption and bowel movement to
prevent gastrointestinal disorders. They are also helpful in the prevention of oral infections, dental problems,
and risk of colon, and bladder cancer.
High demand
for functional beverages has encouraged various beverage manufacturers to
expand their product portfolio in the health and wellness segment and are
seeking to incorporate probiotics into juices.
Various pharmaceutical companies are
entering into the probiotics arena and are introducing probiotic drugs which are likely to propel the growth of the global Probiotics Market over the
forecast period. The recent years have witnessed a wave in the product launch
of various probiotic products which coupled with product promotion through multiple channels has also resulted in the
growth of the global probiotics market.
Commercial
probiotic food items crop up on store shelves, and
easy availability of probiotics across supermarkets and retail stores have also
fostered the growth of the global Probiotics
Market.
Segmentation
The global
Probiotics Market
has been segmented based on source, form,
application, and end user.
By source,
the global probiotics market has been segmented
into Bacteria and Yeast.
By form, the
global probiotics market has been segmented
into Dry, Liquid, and Others.
By
application, the global probiotics market has been
segmented into Food & Beverages, Dietary Supplements, Animal Feed,
and Others.
By end
user, the global probiotics market has been
segmented into Human and Animals.
Regional Analysis
North America,
Europe, Asia Pacific (APAC), and Rest of the World (RoW) are the key markets for probiotics. North America
dominates the global Probiotics
Market due to high consumption of healthy food products in the region
while APAC is poised to be the fastest growing market for probiotics owing to changing lifestyle and rising disposable income in the
region.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/probiotics-market-966
Industry Updates
·
In November 2018, Kellogg's, a
multinational food manufacturing company has launched a new cereal which is packed with probiotics. The new cereal comes in three flavors including
strawberry, blueberry, and coconut.
·
In November 2018, Archer Daniels
Midland Company announced the acquisition of Probiotics International Limited,
a U.K.-based provider of probiotic supplements for human, pet, and
production-animal use.
·
In November 2018, Phileo Lesaffre
Animal Care, a French company launched a new generation of live yeast
probiotic.
Competitive Landscape
Probiotics based companies have been
studied and profiled in the market research report. The probiotics market along
with its segments and key players has been studied. probiotics business
analysis is done to identify competitors and their strategies. The global
probiotics market research report covers core values, strengths and other key
factors about probiotics related companies. Competitors to help comprehend
their mission, vision, core values, niche market, strengths, and weaknesses.
The increasing awareness among consumers is set to help the market during the
forecast period 2019 to 2025. The market is anticipated to reach a higher
valuation of US$3,257.0 million with a CAGR of 8.48%. However, unstable raw material
prices will prove to be affecting the probiotics market growth. During the
projected era, the North American Probiotics Market is predicted to be the
highest. In 2018, the area market had 31.60 percent of the overall market
share. By the end of 2025, the practical food & beverages market is
projected to be the biggest, with a significant CAGR of USD 1,749.6 million.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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