Transparency
Market Research has published a new market report titled “Probiotics
Market by Application Type (probiotic food and beverages, probiotic
dietary supplements and animal feed probiotics), by End User Type
(human probiotics and animal probiotics), by Strain Type
(lactobacillus, streptococcus, bifidobacterium, yeast and spore
formers among others) – Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 –2020.” According to the
report, the global
probiotics market was valued at US$58,700.3 million in 2013 and
is anticipated to reach US$96,046.8 million by 2020, expanding at a
CAGR of 7.4% from 2014 to 2020.
Probiotics
are live microorganisms which help maintain the balance of organisms
in the host animal’s intestines. When administered in adequate
amounts they bestow health benefits and provide protection against
diseases. Probiotics can be formulated into different types of
products such as foods, dietary supplements and drugs. In dietary
supplements, probiotics can be used in capsule, tablet or powder
form. Species of bifidobacterium and lactobacillus are most commonly
used probiotics, but some bacillus and E. coli species and yeast are
also used as probiotics. Probiotics related products are also
available for animal feed. The key reasons for the success of
probiotics fortified foods in these markets are increasing awareness
about their potency and efficacy and willingness of customers to pay
extra for healthy products. Nowadays, a growing number of people do
not enjoy good gut health, as is indicated by the high prevalence of
functional disorders and organic gastrointestinal (GI) diseases in
the western world. Following the aftermath of globalization, changing
lifestyles of the people in developed as well as emerging economies
have resulted in change in food habits. Increasing consumption of
high sodium content foods and lifestyle trends have resulted in gut
health emerging as one of the top health concerns on a global level.
Consumption of probiotics has grown across the world in order to
improve gut health.
Increasing
consumption of yogurt and growing concerns over digestive and gut
health are the major factors driving demand for probiotics. The
probiotics market is concentrated in Japan, the U.S. and Western
Europe, where demand for probiotics has been traditionally strong.
Consumer spending power has increased manifold in Asia Pacific due to
rapid economic growth in the region. This has resulted in a sharp
rise in revenues in the probiotics industry. Growing demand for
probiotics products across the world has translated into increased
R&D spending and new product developments over the last three
years.
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Consumers
in North America are gradually adopting these products and this
market is estimated to grow at a steadier rate in the near future.
North America is expected to account for more than 20% share of the
overall probiotics market during the forecast period. A large number
of people in North America suffer from digestive issues. Probiotics
are well known for their digestive health claims. This is expected to
trigger demand for all kinds of probiotic food in the near future.
The U.S. and Canada are the major markets for probiotics in North
America, due to growing consumption of functional food among health
conscious consumers. Key players in the probiotics industry in North
America include Danisco, Lallemand Inc., and Chr. Hansen.
Currently,
Europe is the second largest consumer of probiotics in the world.
Europe is a mature market and is expected to grow at a moderate pace
in the next few years. BioGaia AB, Chr. Hansen, Nestle SA, Probi AB,
Danisco, and Groupe Danone are among the key participants in the
probiotics market in Europe. The probiotics market in Europe is
primarily driven by probiotics dairy products. Europe is the second
leading consumer of probiotics yogurts. Probiotics dietary supplement
products are poised to play an important role in the probiotics
market in Europe. This market is primarily driven by the products
that offer convenience and specialized benefits. However, future
growth is expected to stem from the probiotics animal feed products.
The market is primarily being driven on account of the complete ban
imposed on the synthetic animal growth promoters in the European
Union. Anticipating the future growth potential of the animal feed
probiotics market, BioMar is all set for the launch of its first
animal feed probiotics product.
In
terms of revenue, the probiotics market in Asia Pacific was the
largest in the world in 2014 and is expected to keep growing at a
quick pace. This region is expected to be the largest regional market
for probiotics, accounting for more than 36% during the forecast
period. Asia Pacific would observe steady growth in the forecast
period due to increasing consumption for functional food products.
With large number of people suffering from digestive disorders and
growing health awareness, this region is expected to witness high
demand for all kinds of probiotics food in the near future. Key
players in the probiotics industry in Asia Pacific include Nestle SA,
Probi, BioGaia AB, and Danone.
The
probiotics market in RoW is primarily driven by probiotics dairy
products. RoW is a growing market in terms of consumption of
probiotics yogurts. Probiotics dietary supplements products are
poised to play an important role in the probiotics market in RoW. The
probiotics market in RoW is primarily driven by probiotics products
that offer convenience and specialized benefits. Future growth is
expected to hinge on probiotics food and beverage products. The
probiotics market in Latin America and Middle East & Africa is
anticipated to witness moderate demand for probiotics based food and
beverages in the upcoming years.
Key
players in the probiotics market include Probi AB, BioGaia AB, Hansen
A/S, Danisco, Chr. Nestle SA, Yakult Honsha Co. Ltd. and Lifeway
Foods Inc. among others.
The
report segments the probiotics market as follows:
Global
Probiotics Market, Product Segment Analysis
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
- Lactobacillus
- Streptococcus
- Bifidobacterium
- Yeast
- Spore Formers
- Others
Global
probiotics market, by geography
North
America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
Rest
of the World (RoW)
- Brazil
- Middle East
- Rest of RoW
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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