Probiotics Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2016 – 2025
Global Probiotics Market size is projected to be valued $136 Billion by 2024; with a CAGR of 8.2% from 2017 to 2025. Probiotics are microorganisms generally found in supplements or food products that are essential for the digestive system. Probiotics are found in several forms including granola bars, capsules, yogurt, chocolates, and others and aids in the absorption of vitamins and minerals into the blood. Also, the benefit of probiotics can be enhanced if used in combination with other health promoting dietary supplement.
Rising health consciousness among consumers, overall rise in the global functional good industry, and growing preference towards preventive and natural healthcare therapies are the factors fueling the growth of the market. Moreover, increasing use of probiotics in pediatric healthcare, and increased use in weight management also drives the growth of the market. However, lack of standardized parameters would hamper the market growth. Furthermore, product innovation in the form of biscuits and chocolates and market expansion could provide immense market opportunities for market players.
The global probiotics market is bifurcated on the basis of strain type, dispensing form, application, end user, and geography. Strain type is segmented as yeast, lactobacillus, spore formers, streptococcus, bifidobacterium, and others. By dispensing form, the segment is categorized as liquid drops, sticks and sachets, capsules, tablets-swallowable, tablets-chewable, and others. Application is further bifurcated as probiotic dietary supplements, probiotic food and beverages, and animal feed probiotics. End user is segmented as human probiotics, and animal probiotics.
Based on geography, the probiotics Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into China, Japan, India, Australia, and others while RoW is bifurcated into South America, Middle East and Africa.
Key players profiled in this market includes Chr. Hansen Holdings A/S, Chobani, LLC, BioGaia AB, China-Biotics Inc., Lifeway Foods, Inc., Nestlé S.A., Danone, Probiotics International Ltd, E. I. DuPont de Nemours and Company, and Ganeden, Inc., among others.
The report covers
Scope of the Global Probiotics Market
Strain Type Segments
Dispensing Form Segments
End User Segments