A recent report published by Infinium Global Research on probiotics market provides in-depth analysis of segments and sub-segments in global as well as regional probiotics market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional probiotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global probiotics market. According to the report the global probiotics market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
The global probiotics market is projected to grow on the backdrop of growing health awareness among the consumers and increased digestion issues due to busy lifestyles, technological advancements, and research & development. Moreover, the probiotics have been clinically proven to be efficient in promoting general health and disease treatment. The consumers are worldwide are becoming more health concerned and ready to spend considerably on the food items and ingredients that promote health. In addition, ban on the use of antibiotics has led to an increased usage of probiotics worldwide. Furthermore, companies are launching new probiotics in the market in order to tap the opportunities among health-conscious consumers. The global market size of probiotics in 2017 was valued over USD 36 billion, and the robust growth in the probiotics market is likely to continue over the period of 2018 to 2024.
The growth in the global probiotics market is hampered by factors such as lack of regulatory guidelines and the increasing cost of research and developments. Invention of new probiotics is likely to create more opportunities for companies operating in the world market.
Currently, Asia-Pacific is dominating the global probiotics market, and increasing per capita income backed by growing awareness about the probiotics is likely to augment the growth in the region at a healthy CAGR. As a result, Asia-Pacific is projected to grow at the highest CAGR to be the most lucrative market in the world. Furthermore, a high level of awareness and growing geriatric population in the developed markets of Europe and North America are likely to drive growth in the sales of probiotics in these two regions over the forecast period.
Progressive research and development activities and launch of new probiotics are likely to be key market strategies by the companies operating in the market, while large players are likely to focus on acquisition to consolidate their market position. For instance, Kerry Group Plc acquired Ganeden Inc in 2017. This acquisition has strengthened companies existing product portfolio.
The report on global probiotics market covers segments such as type, form, applications and end user. On the basis of type, the global probiotics market is categorized into lactobacilli, bifidobacteria, yeast, and others. On the basis of form the global probiotics market is categorized into solid and liquid. On the basis of applications the global probiotics market is categorized into food and beverages, functional food/dietary supplements and animal feed. On the basis of the end user the global probiotics market is categorized into human and animals.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global probiotics market such as Yakult Honsa, Chr. Hanson, Danone, Dupont, Probi AB, Lifeway Foods Inc, Nebraska cultures, Lallemand Inc., Calpis Co., Ltd, Kerry Group and Kemin Industries Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global probiotics market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of probiotics market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the probiotics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the probiotics market to understand the present and future trends in this market and formulate their strategies accordingly.
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