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The global Probiotics Market was valued at USD 41.52 billion in 2016 and is projected to reach USD 75.04 billion by 2025, growing at a CAGR of 6.8% from 2017 to 2025.
Probiotics, which consist of living bacteria and yeast, are important for the digestive system. They are also known as the good bacteria in the body. Some of the common conditions treated by Probiotics include Irritable bowel syndrome, inflammatory bowel disease (IBD), Infectious diarrhea, and antibiotic-related diarrhea among others
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing preference to dietary supplements as functional foods
1.2 Increasing health concerns
1.3 Increasing R&D in the Probiotics field
2. Market Restraints
2.1 Stringent standards and regulations
2.2 High operating costs
Market Segmentation:
The global Probiotics Market is segmented on the basis of Source, Application, End-use and region.
1. Global Probiotics Market, by Source:
1.1 Yeast
1.2 Bacteria
1.2.1 Lactobacilli
1.2.1.1 Lactobacillus Rhamnosus
1.2.1.2 Lactobacillus Rheuteri
1.2.1.3 Lactobacillus Acidophilus
1.2.1.4 Lactobacillus Casei
1.2.2 Bifidobacterium
2. Global Probiotics Market, by Application:
2.1 Functional Food & Beverages
2.2 Dietary Supplements
2.3 Animal Feed
3. Global Probiotics Market, by End-use:
3.1 Human
3.2 Animal
4. Global Probiotics Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Arla Foods, Inc.
2. BioGaia AB
3. Chr. Hansen Holding A/S
4. Danone
5. Danisco A/S
6. General Mills, Inc.
7. I-Health Inc.
8. Lallemand Inc.
9. Lifeway Foods Inc.
10. Mother Dairy Fruit & Vegetable Pvt. Ltd.
11. Nestlé
12. Morinaga
13. Dupont
14. Yakult Honsha
15. Probi
16. Biogaia
17. Bifodan
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Probiotics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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