Transparency Market Research announces the release of a research report titled “Probiotic Market - Global Industry Analysis, Size, Share, Growth and Forecast 2014 - 2020.” This 106-page publication states that the global probiotics market is likely to expand at a 7.40% CAGR during the forecast period, rising from a value of US$62.6 bn in 2014 to US$96 bn by 2020.
Browse the full Probiotic Market - Global Industry Analysis, Size, Share, Growth and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/probiotics-market.html
Probiotics are microorganisms which, when administered in the right amounts, can help sustain the balance of organisms in the intestines and provide prevention from a number of gut-related diseases. Probiotics have several health benefits, including treating common conditions such as inflammatory bowel disease, irritable bowel syndrome, and infectious and antibiotic diarrhea, and helping with problems of the skin, urinary tract, and vagina.
The global market for probiotics is fueled by a number of forces such as the efficiency of the probiotics bacteria, the growing awareness among people regarding the improvement of digestive health, and the rising consumption of functional foods. The increasing demand for probiotics in emerging economies and efforts to raise the level of awareness regarding the benefits of probiotics among consumers hold immense opportunities for players. In contrast, the lack of standardization in the probiotics market is a major hurdle that companies need to overcome.
The probiotics market has been studied on four fronts: Application, end use, strain types, and geography.
By application, the probiotics market is fragmented into dietary supplements, food and beverages, and animal feed. Human probiotics held the largest share in the overall market in terms of revenue and are likely to retain the lead through 2020.
By end use, the probiotics market is bifurcated into animal probiotics and human probiotics. Food and beverages dominated the probiotics market in 2013 and this segment is anticipated to expand at a 7.20% CAGR from 2014 to 2020.
By strain type, the market for probiotics is categorized into streptococcus, yeast, lactobacillus, bifidobacterium, spore formers, and others.
The global probiotics market is divided on the basis of geography into Europe, North America, Asia Pacific, and Rest of the World. Asia Pacific led the worldwide probiotics market in 2013 and this region is projected to retain its dominant position through 2020 expanding at a 7.10% CAGR. The growth of this market can be attributed to the surging demand for probiotics from Australia, Japan, China, and India. Europe is also a major market for probiotics. Germany and France are two of the top performing countries in the region, with the former expanding at a 6.80% CAGR during the course of the forecast period and the latter registering a 6.60% CAGR from 2014 to 2020. North America presently holds a relatively small share in the international probiotics market. However, analysts are of the opinion that the region will register strong growth over the next four years.
The top companies competing in the global probiotics market include BioGaia AB, Mother Dairy, Nestle S.A., Yakult Honsha Co., Ltd., Groupe Danone S.A., China-Biotics, Inc., Lifeway Foods, Inc., General Mills, Inc., PROBI AB, Chr. Hansen, and E. I. du Pont de Nemours and Company. These players have been profiled in the probiotics market report based on aspects such as company overview, financial performance, recent developments, product portfolio, and business strategies.
Global Probiotics Market, by Application
- Food and beverages
- Dietary supplements
- Animal feed
Global Probiotics Market, by End Use
- Human probiotics
- Animal probiotics
Global Probiotics Market, by Strain Types
- Spore Formers
Global Probiotics Market, by Geography
- North America
- Asia Pacific
- Rest of the World
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