Global Probiotic Industry 2018 Industry Analysis, Top Players, Revenue and Market Share Report
The report on Probiotic Market by Infinium Global Research analyzes the Probiotic market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Probiotic market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global Probiotic market. According to report the global probiotics market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
Probiotic Market:
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 increased usage of probiotics worldwide. Furthermore, companies are launching new probiotics in the market in order to tap the opportunities among the 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 increasing cost of research and developments. Invention of new probiotics is likely to create more opportunities for the 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, 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.
Probiotic Market: Segmentation
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 end user the global probiotics market is categorized into human and animals.
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..
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-probiotics-market
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