The
global probiotics market is expected to reach USD 66.04 billion by 2024,
according to a new report by Grand View Research, Inc. The growing preference
for functional foods to curb health disorders is expected to favor the overall
market growth over the forecast period. Probiotics are healthy bacteria which
when consumed in adequate amount, benefit the body functions.
Probiotics
have beneficial effects on humans as well as animals. They help in treating
various gut-related as well as immunity related diseases. They are gaining
widespread popularity owing to the raising awareness regarding the relation of
nutrition, diet, and health. This trend is expected to complement the market
growth.
Increasing
health concerns is expected to play an important role in complementing the
market over the forecast period. Rising disposable income and increasing
standards of living, particularly in the developing regions are expected to
benefit the overall market. Increasing probiotics market penetration in dairy
and other food and beverages industry is expected to favor the overall demand.
Major
market players are focusing more on R&D activities to gain traction as far
as innovation in product portfolio is concerned. Companies are approaching
probiotics production through a holistic approach with key companies trying to
integrate their value chain process. Companies are constantly trying to provide
unique product differentiation to gain customer loyalty.
U.S.
Probiotics Market Revenue By Product, 2014 - 2024 (USD Million)
Browse full
research report on Probiotics Market: http://www.grandviewresearch.com/industry-analysis/probiotics-market
Further
key findings from the report suggest:
- Probiotics food & beverages had the highest
penetration in 2015, and this trend is expected to continue over the next
eight years. Differentiated product portfolio and continued innovation in
the sector are the primary reasons for this scenario.
- Probiotics are finding acceptance in
applications such as skin health. Development of proprietary formulation
techniques is undertaken by companies to cater to customized needs
- Asia Pacific is expected to witness the highest
growth of 7.7% over the next eight years. High population density and
percentage of the youth population in countries such as India coupled with
rising disposable income are expected to contribute to the market growth.
- A major part of market share is held by very
few companies. Companies are trying innovative techniques for customer
engagement. Mergers & acquisitions are carried out to increase
regional presence as well as market share.
- Industry participants majorly include Chr.
Hansen Holding A/S, Danone, Yakult Honsha Co., Ltd., Nestle, Probi AB,
Danisco A/S, Lallemand Inc., and Arla Foods, Inc.
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the probiotics market on the basis of
application, end use and region:
Global
Probiotics Application Outlook (Revenue, USD Million, 2014 - 2024)
- Probiotics
food & beverages
- Dairy
products
- Non-dairy
products
- Cereals
- Baked
foods
- Fermented
meat products
- Dry
food probiotics
- Probiotics
dietary supplements
- Food
supplements
- Nutritional
supplements
- Specialty
nutrients
- Infant
formula
- Animal
feed probiotics
Global
Probiotics End Use Outlook (Revenue, USD Million, 2014 - 2024)
- Human
probiotics
- Animal
feed probiotics
Global
Probiotics Regional Outlook (Revenue, USD Million, 2014- 2024)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-probiotics-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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