The Probiotic Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Probiotic Market is estimated to be $45.66 USD billion and predicted to rise to $ 61.77 USD billion with a CAGR of 6.23%. The market is segmented by Bacteria type (streptococcus, lactobacillus, yeast and others) by End use (animal and human probiotics) by Application (animal feed, food & beverages- (Dairy Products, Non-Dairy Products, Cereals, Baked Foods, Fermented Meat Products and Dry Food Probiotics) and dietary supplements- (Food Supplements, Nutritional Supplements, Speciality Nutrients and Infant Formula). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Adults suffering from digestive problems, widespread intestinal diseases because of poor consumption of habits are driving the growth of probiotics market. However, increasing competition in the functional food market is the major concern for the manufacturing companies. The market is also effected by the low stability of probiotic organisms, as they can easily get damaged by the stomach acid.
Lactobacillus is the largest market segment followed by the other segments and is expected to exhibit significant growth during the forecast period. Dietary supplement segment is estimated to achieve highest growth due to increasing awareness while, the human probiotics market generated higher revenue than animal probiotics market.
The market was dominated by Asia Pacific followed by Europe. Asia Pacific is also expected to grow at a high CAGR in the developing countries like India and China. Europe is also a major market with Germany and France as leading players. North America holds relatively small share in the market. Additionally, the markets of Asia-Pacific, Eastern Europe and Brazil are projected to be the major consumers of probiotics during the forecast period.
The key players in the market are General mills, China-Biotics, Yakult Honsha Co. Ltd., Mother dairy, Nestle S.A, PROBI AB, E.I. du Pont de Nemours and company, Chr. Hansen, Lifeway foods, Groupe Danone S.A. and many others.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-probiotics-market-771/” and checkout our recent reports in the Supplements category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-supplements-16/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.