Overview:

The global probiotics market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Probiotics are the live microorganisms that offer various health benefits post consumption. It includes yeast and beneficial bacteria that present in the body and in food & supplements and are good for human health. The probiotics are mainly consumed to reduce the depression, improve heart health, and digestive health.

Market Dynamics:

Growing consumption of probiotics to improve the health and for weight gain is a leading factor driving growth of the global probiotics market. Probiotics helps to improve the functioning of digestive system that stimulates the food consumption. Also, probiotics protects and increases the healthy organisms in the body. Hence, demand for probiotics is growing among the end user across the globe.

In addition, growing awareness about the product benefits and rising health consciousness among individuals across the globe is another leading factor supporting growth of the target market. Additionally, rising income level, growing spending capacity, and growing consumer base are among the other factors propelling market growth.

Moreover, increasing product mix, product innovations, and rising stringent regulations related with the uses of antibiotics in the animal food are other key factors resulting in growth of the global market.

Key Trends:

Growing focus on production capacity expansion among key players is a key trend witnessed in the global probiotics market. For instance, DuPont de Nemours, Inc. has expanded its probiotic facility based in Wisconsin, the US in August 2017. This strategic initiative is expected to increase company presence in the target market in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global probiotics market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific contributed with highest market share in the in the global market in 2019 and is expected to maintain its dominance over the forecast period. This is attributed to presence of large consumer base in countries such as China and India in the region. In addition, growing consumer awareness and rising purchasing power in countries in the region are other factors propelling growth of the target market in the region.

However, the target market in the North America region is expected to witness considerable growth over the forecast period owing to rising product innovations and R&D activities are major factors driving growth of the target market in the region.

Scope of the Report:

Detailed Segmentation:

Global Probiotics Market, By Ingredient:

• Bacteria
• Yeast

Global Probiotics Market, By Form:

• Powder
• Liquid

Global Probiotics Market, By Type:

• Human Probiotics
• Animal Probiotics

Global Probiotics Market, By Application:

• Food & Beverages
• Dietary Supplements
• Animal Feed

Global Probiotics Market, By Distribution Channel:

• Hypermarkets/ Supermarkets
• Pharmacies/ Drug Stores
• Specialty Stores
• E-commerce/ Online

Key Players Covered:

Key players operating in the global probiotics market includes Arla Foods Inc., Danone S.A., Lallemand Inc., Nestle S.A., Chr Hansen Holding A/S, Danisco A/S, BioGaia, Probi AB, Bifodan A/S, and glac Biotech Co., Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Probiotics Market by ingredient, form, type, application, distribution channel, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global probiotics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.