Probiotics Market Characteristics, Analysis, and Forecasts
The global
probiotic market size 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.
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.
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.
For further information on this report, visit @ 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.
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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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