New York, NY -- (SBWIRE) -- 04/21/2021 -- The Global Probiotics Market was USD 47.1 Billion in 2018 and is projected to grow at a CAGR of 6.8% from 2019 to 2026. The World Health Organization (WHO) defines these products as "live microorganisms which, when administered in sufficient amounts, confer a health benefit on the host." To be labeled as probiotic, scientific evidence for the health benefit have to be documented by the manufacturer to regulatory authorities such as FDA or European Commission. They play a significant role in preventive healthcare as they prevent the occurrence of diseases by strengthening the immune system. Also, the increasing demand has shown that customers prefer products with proven benefits. The growing evidence of well-being benefits affiliated with probiotics for health restoration has improved the customer expectations related to probiotics for health curing functions. This inclination toward a natural, safe, and cost-effective substitute for drugs has led the application of products as pharmaceutical agents.

Clinical trials have revealed that they may cure specific diseases or disorders in humans, especially those related to the gastrointestinal tract. However, ample investments in R&D activities and investments in research equipment, laboratories, and the high cost of hiring trained professionals are expected to create barriers for the growth of the market. The scientific validation concerning the usage of probiotics in their applications becomes a breakthrough to the market. Applications are correlated with health benefits, which make it challenging for industry players to get a satisfactory return on investments on high initial investments due to the high intensity of competition from pharmaceutical, biotechnological and food and beverage industries to establish their foot print in the market.

Leading companies profiled in the report:
BioGaia AB, Danone, Chr. Hansen Holding, Yakult Honsha Co. Ltd., Probi AB, Lifeway Foods, Inc., Nestle S.A., Ganeden, Inc., Du Pont, and Protexin

Probiotics strains and products are developed and produced as per the international food regulations such as Food and Agriculture Organization of the United Nations (FAO) and WHO. Marketing of these products also adds to the product price, as they require different packaging and distribution channels as compared to conventional products. Due to the steep cost of production, the cost of the ultimate outcome is also at a high value.

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The Asia Pacific region is foreseen to be the fastest-growing market with CAGR 7.6% during the forecast period, due to the increasing disposable income and the boom in demand for dietary supplements, along with the burgeoning technology base, spanning to the increased demand for probiotics in the region. The rapid commercial growth in countries such as Brazil, Argentina, China, and Japan has led to a notable accretion in the disposable incomes of livestock owners. This, in turn, is spurring the demand for probiotics-based food, making Asia Pacific the fastest-growing market globally. According to a report, the Indian market is growing at a CAGR of 6% in 2018, which is showing profitable opportunities for the companies.

Further key findings from the report suggest
By ingredient type, yeast ingredients are expected to grow at a CAGR of 6.1% during the forecast period. Various biological activities associated with yeast-based and bacteria-based probiotics ingredients make them supreme for use in a variety of applications exceeding the food sector. Notwithstanding their contribution to fermented foods concerning flavor innovation, yeast-based ingredients aid to enhance the health and productivity in growing and lactating animals. Saccharomyces Boulardii is the most broadly used yeast type in the industry owing to its restorative property to help withstand harsh bile and pancreatic juices and other stomach acids.

Government regulations differ among countries. However, the status of probiotics as a component in food is currently not established on an international basis. For the most part, these come under food and dietary supplements because most are delivered by mouth as foods. These are differentiated from drugs in several ways, especially for claims. Medications are allowed to claim effectiveness in the mitigation, treatment, or cure of a disease, whereas feed additives, foods, and dietary supplements can only make general health claims. CFU (colony forming units) is currently the most widely recognized measure of live microbial used by FDA and foreign governmental organizations.

Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the probiotics market on the basis of ingredient, function, form, application, end use, distribution channel, and region:

Function (Qualitative analysis)
Regular
Preventative Healthcare
Therapeutic

Ingredient (Revenue, USD Million; 2019-2026)
Bacteria
Lactobacilli
Lactobacillus Acidophilus
Lactobacillus Rhamnosus
Lactobacillus Casei
Lactobacillus Reuteri
Other species
Streptococcus Thermophilus
Bifidobacterium
Escherichia
Enterococcus
Others
Yeast
Saccharomyces boulardii
Others (Cerevisiae Species)

Form (Revenue, USD Million; 2019-2026)
Powder
Liquid
Others

Application (Revenue, USD Million; 2019-2026)
Probiotic Food & Beverages
Food
Cereals
Baked goods
Fermented meat
Dairy-based food
Others
Beverages
Dairy-based beverages
Non-Alcoholic beverages
Functional beverages
Others
Probiotic Dietary Supplements
Food Supplements
Nutritional Supplements
Specialty Supplements
Infant Formula
Animal Feed Probiotics

End user (Revenue, USD Million; 2019-2026)
Human Probiotics
Animal Probiotics

Distribution Channel (Revenue, USD Million; 2019-2026)
Hypermarkets/Supermarkets
Pharmacies/Drugstores
Specialty Stores
Online Stores

Regional Outlook (Revenue, USD Million; 2019-2026)
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil

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Key Highlights of the Report:
Extensive analysis of the competitive scenario along with key developmental patterns
Supply chain analysis and latest technological advancements
Market forecast for 8 years covering all the segments and sub-segments in key regions and countries
In-depth analysis of current and emerging market trends and market dynamics
Insights on rivers, restraints, growth prospects, and market opportunities
SWOT analysis and Porter's Five Forces analysis along with feasibility analysis and investment return analysis

Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics
3.1. Macro-Economic Indicators
3.1.1. Global food and beverages: Industry Snapshot
3.1.2. Rising Global Demand for functional foods
3.1.3. Demand from Emerging Economies

Chapter 4. Probiotics Segmentation & Impact Analysis
4.1. Probiotics Segmentation Analysis
4.2. Probiotics Market Impact Analysis
4.2.1. Market driver analysis
4.2.1.1. Growing inclination towards preventive healthcare
4.2.1.2. Development of efficient probiotic strains
4.2.1.3. Rising consumption of functional foods
4.2.1.4. Increasing investment on research & development
4.2.2. Market restraint analysis
4.2.2.1. High product development costs
4.2.2.2. Low awareness level among consumers about effectiveness of probiotic products\"
4.3. Regulatory framework
4.4. Porter's Five Force Analysis
4.4.1. Threat of New Entrants
4.4.2. Threat of Substitutes
4.4.3. Bargaining Power of Suppliers
4.4.4. Bargaining Power of Customers
4.4.5. Competitive Rivalry
4.5. Probiotics PESTEL Analysis

Chapter 5. Probiotics Market by Ingredients Type Insights & Trends

Chapter 6. Probiotics Market by Form Insights & Trends

Continued…..