Summary - A new market study, titled “Global Probiotics Market Research Report Forecast to 2025” has been featured on WiseGuyReports.
Probiotics Market Research Report - Global Forecast till 2025
Global Probiotics Market: Information by Type (Bifidobacterium, Lactobacillus and others), Application (Functional Food & Beverages, Dietary Supplements, Animal Nutrition and others) and Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) - Forecast till 2025
Market Analysis
Global Probiotics Market is expected to register a CAGR of 8.48% to attain USD 3,257.0 Million by the year 2025. Probiotics are live microbials that are used to keep and restoring gut microflora. These probiotics have found its application in various processed food and preventive healthcare products for humans as well as animals or livestock. Main forms of probiotic bacteria species used in application industries include those of the Bifidobacterium and Lactobacillus genus.. Rising consumer awareness about the benefits of probiotics and preventive healthcare has boosted the demand for probiotics, thereby boosting market growth. The functional food & beverages segment is predictable to be largest, registering a significant CAGR to attain the USD 1,749.6 million by the end of the year 2025. High intake of beverages, especially functional beverages, and dairy-based products is the primary determinant driving the growth of the segment. Even Though, the dietary supplements segment is projected being the fastest-growing during the forecast period. The global probiotics market is expected to register a significant increase over the forecast period. Hectic everyday schedules, long hours, and sedentary lifestyles have impacted eating habits as well as food choices, resulting in an increased prevalence of various lifestyle-related conditions such as diabetes and obesity. This has caused to increased demand for probiotic food & beverages. Moreover, surging demand for probiotics in developed and developing countries is propelling manufacturers of probiotics and probiotic products to emphasis on innovation. In This Way, product innovation and research and development have led to new development opportunities for probiotic manufacturers. The use of probiotics has gained popularity in recent years with the growing demand in various industries. Emphasis on the enhancing digestive health in humans and animals along with surging demand for natural functional ingredients in application industries are key driving factors for the global probiotics market growth. The North American probiotics market is probably greatest during the forecast period. The regional market represented 31.60% of the total market share in the year 2018. The US was the key contributor to the growth of the market. Propensity toward the human consumption of healthy and functional food & beverages is increasing in the country, leads to increased application of probiotics in the food industry. The Asia-Pacific market also holds a prominent share of the global probiotics market and is forecast to exhibit the main CAGR during the forecast period. Growth of the application industries in the region is driving the growth of the probiotics market. In Europe, Germany, France, and the UK are the key countries contributing significantly to market growth.
Market Segmentation
Based on type the Global Probiotics Market has been segmented into Bifidobacterium, Lactobacillus and Others. Based on Application the Global Probiotics Market has been segmented into Functional Food & Beverages, Dietary Supplements, Animal Nutrition and Others. Global Probiotics Market based on region is divided into different regions like North America (covering US, Canada and Mexico), Europe (covering Germany, UK, France, Spain, Italy, Russia and Rest of Europe), Asia-Pacific (covering China, Japan, India, Australia, Vietnam, South Korea and Rest of Asia-Pacific), South America (covering Brazil, Argentina, Colombia, Chile and Rest of South America) Middle East & Africa (covering Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of the Middle East & Africa).
Regional Analysis
Geographically, the Global Probiotics Market based on region is divided into different regions like North America (covering US, Canada and Mexico), Europe (covering Germany, UK, France, Spain, Italy, Russia and Rest of Europe), Asia-Pacific (covering China, Japan, India, Australia, Vietnam, South Korea and Rest of Asia-Pacific), South America (covering Brazil, Argentina, Colombia, Chile and Rest of South America) Middle East & Africa (covering Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of the Middle East & Africa).
Major Players
The proposed spectators in the Global Probiotics Market are hospitals, medical devices companies, Research and academic institutes, software companies Governments, associations, industrial bodies, etc. The major companies functioning in the Global Probiotics Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers are Probiotics manufacturers, Baby food manufacturers, Beverage industry, Dairy industry, Food processors, Animal feed manufacturers, Dietary supplements manufacturers, Traders, wholesalers, and distributors, Governments, associations, and industrial bodies, Investors and trade experts. Greentech SA (France), Biosearch, SA (Spain), and BioCC OÜ (Estonia), Lallemand Inc. (Canada), Probi AB (Sweden), CHR-Hansen A/S (Denmark), Novozymes A/S (Denmark), Roelmi HPC (Italy), UAS Laboratories LLC (US), Probiotical SpA (Italy), Kerry Group (Ireland), Sabinsa Corporation (US), DowDupont Inc. (US) Synbio Tech Inc. (Taiwan). Are some of the major players in the global probiotics market. The players that are active in the global probiotics market are focusing on product launches, mergers & acquisitions, joint ventures, and enhancing their global footprints by introducing the untapped markets.
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According to the new market research report “Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, & Region – Global Forecast to 2026“, published by MarketsandMarkets™, the global Probiotics Market is estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period.
The global demand for probiotics is increasing significantly due to the growing awareness among customers about their digestive health management, the rise in demand for quality food, and the increase in demand for quality animal-based products.
Probiotics are found in supplement form, or as components in food and beverages.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69COVID-19 Impact AnalysisThe COVID-19 pandemic has led to a shift in consumption patterns of consumers and ultimately affecting the demand for diet being followed.
Since then, retail stores and pharmacies are piling up stacks of probiotics in various forms.
The fear of getting infected has resulted in the adoption of healthy lifestyle, thus increasing the demand for probiotics.
As the danger of virus infection is among all the age groups, manufacturers are designing probiotics, which can have effective results in every individual.Food & beverage segment is projected to be the largest segment in the probiotics market during the forecast period.The food & beverage segment dominated the probiotics market, on the basis of application, during the forecast due to the rising popularity of probiotic functional foods & beverages among consumers.
