Probiotic Market by Ingredient Type (Bacteria and Yeast), by Function (Regular Use, Preventive Healthcare, and Therapeutic), by Application (Food and Beverages, Dietary Supplements, and Animal Feed), and by End-user (Human Probiotics and Animal Probiotics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024
Sarasota, FL -- (SBWIRE) -- 10/30/2018 -- Global probiotic market was valued at approximately USD 40.09 billion in 2017 and is expected to generate revenue of around USD 65.87 billion by end of 2024, growing at a CAGR of around 7.35% between 2018 and 2024.
Probiotics help in preventing the overall growth of bacteria in the digestive tract, leading to improved bowel movement and nutrition absorption thus balancing the interstitial microbial by reducing the pH levels. Additionally, probiotic supplements also help in increasing the Lactobacilli count in women and prevent them from diseases such as yeast infection, urinary tract infection, and bacterial vaginosis. Moreover, probiotic yogurt is also linked to the reduction in risks of cancer associated with the colon, breast, and bladder. Probiotics also reduce dental caries, manages periodontitis, and prevents oral candida infections.
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The growing efficiency of probiotic bacteria and inclination of consumers towards digestive health has led to the growth of probiotics market globally. Constant efforts are being taken up by the healthcare organizations and companies to boost the consumer base for probiotics across the globe. The health benefits that probiotics provide the consumers help in the treatment of diseases related to the urinary tract, vagina, and skin along with the conditions such as irritable bowel syndrome, inflammatory bowel disease, and infectious diarrhea. Due to the presence of many international players investing in probiotics market for product & application portfolio development the market will develop significantly in coming years. However standardized labeling, demand for efficient packaging, and low product shelf life are restraining the probiotic market industry growth.
The probiotic market is segmented on the basis of ingredient type into bacteria and yeast. The bacteria market is expected to grow at the fastest CAGR owing to the growing demand of prominent application in fortified foods with probiotics including yogurts, fermented foods, sour cream, cheese, and supplement milk.
Based on function, the probiotic market is segmented into regular use, preventive healthcare, and therapeutic. The preventive healthcare segment is expected to grow at the fastest CAGR owing to the health benefits related to treating problems of the digestive tract and in the treatment of diarrhea and cramps caused by antibiotics.
Based on application, the market is segmented into dietary supplements, food and beverages, and animal feed. The food and beverages segment is anticipated to witness the fastest growth rate since probiotics positively influence the oral and vaginal health.
Based on the end user, the probiotic market is segmented into human probiotics and animal probiotics. The human probiotics market holds a larger share in the probiotic market as these probiotics help in curing pathogen inhibition, immune response, urogenital infections, and digestive disorders in infants and adults. Also rising living standards due to increasing per-capita income and growing health consciousness among consumers to stay fit is leading to the market growth of human probiotics segment globally.
Regionally the probiotics market is fragmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America probiotics market is expected to grow significantly due to increasing consumption of dairy products. High risks associated with digestive problems in this region due to high consumption of processed food, poor consumption habits, increased intake of antibiotics is also driving the industry growth in this region. Also, increased interest among the middle-aged population in maintaining good digestive health and growing consumer inclination towards healthy eating lifestyle are other factors augmenting the market growth in this region.
The report also includes detailed profiles of end players such as BioGaia AB, Probi AB, Nestle S.A., E. I. du Pont de Nemours and Company, Protexin Danone, Chr. Hansen Holding A/S, Yakult Honsha Co. Ltd., Ganeden, Inc., Lifeway Foods, Inc., and others.
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This report segments the global probiotic market as follows:
Global Probiotic Market: Ingredient Type Segment Analysis
Global Probiotic Market: Function Segment Analysis
Global Probiotic Market: Application Segment Analysis
Food and Beverages
Global Probiotic Market: End-user Segment Analysis
Global Probiotic Market: Regional Segment Analysis
The Middle East and Africa
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