(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Probiotics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Probiotics Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
''Final Report will add the analysis of the impact of COVID-19 on this industry.''
Probiotics Market is estimated to reach $136.5 Billion by 2024; growing at a CAGR of 8.4% from 2016 to 2024. Probiotics are live micro-organisms that aid in absorbing nutrients and maintain good digestive health. They are commonly found in several food products and supplements and helps in the absorption of vitamins and minerals into the blood stream. Probiotics are available in several forms including granola bars, yogurt, chocolates, capsules, and others. On administrating in adequate amounts, it promotes a healthy immune system, prevents diarrhea and also supports in weight management. The benefits of probiotics are enhanced by consuming it in combination with other health promoting supplements. Product expansion, and availability of probiotics in different forms and widespread marketing have increased its demand in the market.
''Final Report will add the analysis of the impact of COVID-19 on this industry.''
The global probiotics market is fueled by factors such as, increasing health consciousness for healthy living, rising awareness of preventive and natural healthcare treatments, growth in functional food industry, growing obese population, and adoption of probiotics in pediatric healthcare. Though, lack of standardized parameters would limit the growth of the market. Additionally, untapped markets, and product innovation would provide several growth opportunities in the coming years.
The global probiotics market is bifurcated on the basis of dispensing form, strain type, application, end user, and geography. By dispensing form, the segment is categorized as tablets-swallowable, liquid drops, sticks and sachets, tablets-chewable, capsules, and others. Strain type is segmented as lactobacillus, yeast, streptococcus, spore formers, bifidobacterium, and others. Application is further bifurcated as probiotic food and beverages, probiotic dietary supplements, and animal feed probiotics. End user is segmented as human probiotics, and animal probiotics.
Based on geography, the probiotics market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into China, Japan, India, Australia, and others while RoW is bifurcated into South America, Middle East and Africa.
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Key players profiled in this market includes BioGaia AB, Nestle S.A., Chr. Hansen Holdings A/S, Danone, E. I. DuPont de Nemours and Company, Chobani, LLC, China-Biotics Inc., Probiotics International Ltd, Lifeway Foods, Inc., and Ganeden, Inc., among others.
The key takeaways from the report
The report will provide detailed analysis of Global Probiotics Market with respect to major segments such as dispensing form, strain type, application, and end user. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Probiotics Market has been included in the report. Profile of the key players in the Global Probiotics Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Probiotics Market :
Dispensing Form Segments
Tablets-Swallowable
Liquid Drops
Sticks and Sachets
Tablets-Chewable
Capsules
Other Dispensing Forms
Strain Type Segments
Lactobacillus
Yeast
Streptococcus
Spore Formers
Bifidobacterium
Other Strain Types
Application Segments
Probiotic Food & Beverages
Probiotic Dietary Supplements
Animal Feed Probiotics
End User Segments
Human Probiotics
Animal Probiotics
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Others
Asia Pacific
China
Japan
India
Australia
Others
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company's Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
Chapter 4 Probiotics Market by Strain Type: Market Size and Forecast, 2015 – 2024
4.1 Overview
4.2 Yeast
4.2.1 Current Trend and Analysis
4.2.2 Market Size and Forecast
4.3 Lactobacillus
4.3.1 Current Trend and Analysis
4.3.2 Market Size and Forecast
4.4 Spore Formers
4.4.1 Current Trend and Analysis
4.4.2 Market Size and Forecast
4.5 Streptococcus
4.5.1 Current Trend and Analysis
4.5.2 Market Size and Forecast
4.6 Bifidobacterium
4.6.1 Current Trend and Analysis
4.6.2 Market Size and Forecast
4.7 Other Strain Types
4.7.1 Current Trend and Analysis
4.7.2 Market Size and Forecast
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