Market Data Forecast

Market Data Forecast Says Probiotics Market Expected Huge Growth in Future Owing to Cost Effectiveness of the Probiotics

Global Probiotics Market is anticipated to reach 61.77 billion by 2022 with Asia-Pacific accounting for Majority Market Share.


Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- According to a new market research report "Probiotics Market 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)- Global Forecast to 2022", published by MarketDataForecastā„¢, the market is expected to reach USD 61.77 billion by 2022 from USD 45.66 billion in 2017, at a CAGR of 6.23%. Factors driving the growth of this market include the increasing accessibility, growing geriatric populace and cost effectiveness of the Probiotics owing to their higher portability and rapid technological innovation.

Browse Market Data Tables and Figures spread through 160 Pages and in-depth TOC on "Probiotics Market"

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The increasing awareness about the health benefits of Probiotics particularly in their ability to cure lifestyle diseases is the major opportunity for the market in the near future. Increasing frequency of digestive ailments due to stress and unhealthy diets and the consumption of probiotics in curing them is also a major driver for market growth.

The animal probiotics are estimated to account for the largest market share in 2017

Based on end use the market is segmented into animal and human probiotics market. Factors driving the growth of this segment include the increasing awareness among the populace about the correct application and consumption of prebiotics.

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The animal feed segment is expected to dominate the market in 2017

By Application, the market is segmented into 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). Nutritional Supplements segment demonstrate to be the most accepted ingredients with the highest probable growth rate while functional beverages segment is attracting the health-conscious people.
By the type of bacteria, the market is segmented into streptococcus, lactobacillus, yeast and others.

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Asia Pacific is estimated to command the largest share of the market
Based on region, the Probiotics Market is segmented into North America, Asia Pacific, Latin America, Europe, and Africa & Middle-East. Asia Pacific accounts for the largest share of the global Probiotics market, followed by Europe. Factors such as increase in the number of products being commercialized and expansion in curing applications of bioactive foods, are driving the market around the globe.

Key players in the Probiotics Market include 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.

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.

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