According to the report, global probiotics market was valued at approximately USD 40.09 billion in 2017 and is expected to generate revenue of around USD 65.87 billion by end of 2024, growing at a CAGR of around 7.35% between 2018 and 2024.
New York, NY, June 21, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Probiotics Market by Ingredient Type (Bacteria and Yeast), by Function (Regular Use, Preventive Healthcare, and Therapeutic), by Application (Food and Beverages, Dietary Supplements, and Animal Feed), and by End-user (Human Probiotics and Animal Probiotics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024”. According to the report, global probiotics market was valued at approximately USD 40.09 billion in 2017 and is expected to generate revenue of around USD 65.87 billion by end of 2024, growing at a CAGR of around 7.35% between 2018 and 2024.
Probiotics help in preventing the overall growth of bacteria in the digestive tract, leading to improved bowel movement and nutrition absorption thus balancing the interstitial microbial by reducing the pH levels. Additionally, probiotics supplements also help in increasing the Lactobacilli count in women and prevent them from diseases such as yeast infection, urinary tract infection, and bacterial vaginosis. Moreover, probiotics yogurt is also linked to the reduction in risks of cancer associated with the colon, breast, and bladder. Probiotics also reduce dental caries, manages periodontitis, and prevents oral candida infections.
Browse through 87 Tables & 31 Figures spread over 110 Pages and in-depth TOC on "Global Probiotics Market Size & Trends 2018: Industry Overview Analysis and Forecast to 2024”.
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The growing efficiency of probiotics bacteria and inclination of consumers towards digestive health has led to the growth of probiotics market globally. Constant efforts are being taken up by the healthcare organizations and companies to boost the consumer base for probiotics across the globe. The health benefits that probiotics provide the consumers help in the treatment of diseases related to the urinary tract, vagina, and skin along with the conditions such as irritable bowel syndrome, inflammatory bowel disease, and infectious diarrhea. Due to the presence of many international players investing in probiotics market for product & application portfolio development the market will develop significantly in coming years. However standardized labeling, demand for efficient packaging, and low product shelf life are restraining the probiotics market industry growth.
The probiotics market is segmented on the basis of ingredient type into bacteria and yeast. The bacteria market is expected to grow at the fastest CAGR owing to the growing demand of prominent application in fortified foods with probiotics including yogurts, fermented foods, sour cream, cheese, and supplement milk.
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Based on function, the probiotics market is segmented into regular use, preventive healthcare, and therapeutic. The preventive healthcare segment is expected to grow at the fastest CAGR owing to the health benefits related to treating problems of the digestive tract and in the treatment of diarrhea and cramps caused by antibiotics.
Based on application, the market is segmented into dietary supplements, food and beverages, and animal feed. The food and beverages segment is anticipated to witness the fastest growth rate since probiotics positively influence the oral and vaginal health.
North America probiotics market is expected to grow significantly due to the increasing consumption of dairy products. High risks associated with digestive problems in this region due to high consumption of processed food, poor consumption habits, and increased intake of antibiotics drive the industry growth in this region. Also, the middle-aged population is showing high interest in maintaining good digestive health and the growing consumer inclination towards healthy eating lifestyle are other factors augmenting the market growth in this region.
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Europe is the second leading region in the probiotics market followed by North America. The use of probiotics in pharmaceuticals, foods & beverages, and dietary supplements are governed by The European Society for Clinical Nutrition and Metabolism (ESPEN). This organization also provides grants for many of the business related to the nutraceutical sector and gives awards to the top best-performing firms in the industry. Such initiatives were taken by the government help in encouraging the industry participants to come up with highly beneficial products thus helping the industry to grow.
The Asia Pacific emerged as the third largest market followed by North America and Europe in 2015. Awareness regarding probiotics and rising disposable income favor the industry growth. Countries such as China, Japan, Australia, and New Zealand have contributed significantly to the overall regional demand and market growth. India and China are providing lucrative opportunities to attract the industry participants to invest more in this region.
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The Middle East and Africa and Latin America hold the least position in probiotics market in comparison to other regions. However, change in consumer perceptions and a comparatively under-penetrated market makes probiotics a great opportunity for manufacturers in these two regions.
Thus, all the aforementioned parameters are expected to propel the market growth globally.
The report also includes detailed profiles of end players such as BioGaia AB, Probi AB, Nestle S.A., E. I. du Pont de Nemours and Company, Protexin Danone, Chr. Hansen Holding A/S, Yakult Honsha Co. Ltd., Ganeden, Inc., Lifeway Foods, Inc., and others.
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This report segments the global probiotics market as follows:
Global Probiotics Market: Ingredient Type Segment Analysis
Global Probiotics Market: Function Segment Analysis
- Regular Use
- Preventive Healthcare
Global Probiotics Market: Application Segment Analysis
- Food and Beverages
- Dietary Supplements
- Animal Feed
Global Probiotics Market: End-user Segment Analysis
- Human Probiotics
- Animal Probiotics
Global Probiotics Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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