Probiotics
Market Size and Growth Rate:
According to our research report, the Probiotics
Market size is poised to reach USD 68300 Million by the end of 2023 from USD
46,540 Million in 2018 and this market witnessed a growth rate of 7.5% during
the forecast period 2018-2023.
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140 Pages of Research Report developed on Probiotics Market @ https://www.researchcosmos.com/reports/probiotics-market/47160563
Probiotics
Market Overview:
Probiotic ingredients stimulate the natural digestive juices and
enzymes in the body that ensure proper functioning of the digestive system and
can be administered through food or in the form of supplements, which is a more
common choice.Growing demand for probiotic dietary supplements and
nutrient-rich supplements for animals can promise the growth of the market for
probiotics in the near future. They are a major driving force within the
booming digestive health supplement category and are being consumed by people
of all age groups.
The food & beverage segment dominated the probiotics market,
on the basis of its application. Apart from this other application include
cosmetics, pharma etc. The demand for liquid probiotics has increased as
compared to dry probiotics, due to its application in yogurt, which is the most
popular source of probiotics for its easy availability and taste.
Probiotics Market Growth Drivers
and Restraints:
Other products that use liquid probiotics include probiotic
juices, kefir water and yogurt-based drinks, which are healthy options for
daily supplementation. Probiotic supplements represent the largest
condition-specific category for mass-market retail sales in the United States,
and the second-fastest growing condition-specific supplement category whose
awareness has led to a major boost in the market. This shows the importance and
awareness among people for probiotic supplements.
Today, probiotics are moving beyond digestive health to immunity,
feminine health, oral health, skin health, weight control and diabetes,
cognitive health, sport endurance, and gut-brain axis, gut-muscle axis and
cardiovascular health. Their benefits are proving to be one of the most
versatile ingredients of all times and are now being used in fermented beauty
products enriched with nutrients and other ingredients, such as probiotics, antioxidants,
vitamins, are trending in the market. This in turn is driving the probiotics market growth.
Probiotics Market
Geographical Segmentation:
Asia Pacific is projected to be a key market for yogurt in the
coming years. China holds a huge opportunity for both domestic and
international companies to penetrate the yogurt market as the consumption of
yoghurt is on a large scale.
North America and Europe are huge markets for probiotics owing to
the ban on the usage of antibiotics in animal feed in several European and
North American countries, increasing product innovations in the form of
chocolates, biscuits & others, increasing demand of probiotic based medicines
due to proven positive results for reducing risk of chronic diseases such as
diarrhoea & bowel diseases related to antibiotic use and rising demand for
fermented food in daily diet.
Key Players of the Probiotics Market:
Some
of the leading market players of Probiotics Market are CHR. Hansen Holdings
A/S, Danone, Nestle S.A, Yakult Honsha Co. Ltd, E. I. DuPont de Nemours,
BioGaia AB, Lifeway Foods, Inc, Probi AB, Nebraska Cultures Inc, Probiotics
International Ltd and more.Probiotics Market Segmentation:
By End Users:
·
Human
·
Animal feed
·
Food & beverages
·
Dietary supplements
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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