Probiotics Market 2019: Production, Demand, Growth Analysis and Forecast to 2026

Date

10/15/2019 6:47:25 PM

(MENAFN- iCrowdNewsWire) Oct 15, 2019

WiseGuyReports.Com Publish a New Market Research Report On ' Probiotics Market 2019: Production, Demand, Growth Analysis and Forecast to 2026.

Probiotics Market 2019

Description: -

The probiotic market was estimated at 44.6 billion US dollars in 2017. The growth in the market is estimated to reach 86.58 billion US dollars by 2026 at a CAGR of 8.65%. The probiotics market is bound to see a rapid growth in the forecast period because of the increasing awareness about health and healthy lifestyles among people of all age groups.

Probiotics are found in dietary supplements, food products, and skin creams, and are considered to be very beneficial for overall health. Probiotics are basically micro-organisms that have several health benefits and more and more people are becoming aware of these, which is driving the expansion of this market.

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Key Players

The well-known companies profiled in the report include Danone, Yakult Honsha Co., Ltd., Nestle S.A., Lifeway Foods, Inc., Ganeden, Inc., Probi AB, BioGaia AB, Danisco A/S, Nebraska Cultures, Lallemand Inc., General Mills, Inc., and I-Health Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Probiotics are used for treating problems like irritable bowel syndrome, infectious diarrhoea, bowel diseases, and antibiotic-related digestive problems. These when consumed in food products or in their actual form enhance digestion and provide more energy to the body because they lead to the formation of vitamin B12. Probiotics when consumed by the body lead to a healthier immune system which means that a person becomes less prone to cold and flu.

Market Segmentation

The different sources of probiotics include bacteria and yeast. Of these, the probiotics based on bacteria are more commonly used and dominate the market share. The use of bacteria-based probiotics results in a better immune system, prevents cold and flu, and also irritable bowel syndrome. These probiotics also lead to increased production of lactase and are therefore considered to be very good for women.

Probiotics are used in functional foods and beverages, dietary supplements, and animal feed. Of these, the leader in the probiotic market share is food and beverages. Food and beverages will also dominate the market share in the forecast period. The end-users are human probiotics and animal probiotics.

The leading players of the probiotics market include Danone, Yakult, Nestle, Lifeway foods, Probi AB, Nebraska Cultures, etc. Of these, the products of Danone and Yakult are used more by the consumers because of their high quality. All these players are expected to contribute significantly to the market. New and innovative products are being offered by these players so that they can expand their market and customer base.

Regional Analysis

The countries that contribute to the probiotics market share include North America, Europe, Asia-Pacific, Middle East, Africa, and South America. North America is expected to dominate the market share of the probiotic market in the forecast period followed by Europe and Asia Pacific. The reason for the increased use of probiotics in these countries is the increasing awareness of the health benefits of using probiotics in foods and beverages. In 2017, Asia-Pacific led the market share in the probiotics market.

Industry News

The increasing geriatric population and demand for healthy food products is driving the expansion of the probiotics market. The increased consumption of functional foods and also the technological advancement in probiotics is leading to more demand of these products in the market. The rising adoption of natural food products, improving lifestyles, and increasing disposable income are all factors that will drive the growth of the probiotic market in the forecast period.

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Some Major Key Points Included In This Report:

Overview and Scope

Executive Summary

Probiotics Market Insights

Probiotics Market Size and Forecast, 2017-2026 by Source

Probiotics Market Size and Forecast, 2017-2026 by Application

Probiotics Market Size and Forecast, 2017-2026 by End-User

Probiotics Market Size and Forecast, 2017-2026 by Region

Company Profiles

Continued….

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