The
competitive landscape of the global
probiotic market includes players such as Yakult Honsha Co. Ltd.,
Nestle S.A., Lifeway Foods Inc., Groupe Danone S.A., General Mills
Inc., PROBI AB, Chr. Hansen, E.l. du Pont de Nemours and Company,
BioGaia AB, and Mother Dairy. The key players are witnessing an
increased demand for human probiotics, says Transparency Market
Research (TMR) in a new report. In fact, the human probiotics segment
contributes majorly towards the market revenue. The market players
are focusing on creating awareness about probiotic food and beverages
as this application segment has led the overall market and is
anticipated to display a CAGR of 7.20% during the period between 2014
and 2020.
Among
the key regions in global probiotic market, Asia Pacific was the
leading region in 2013. The region is anticipated to retain its
position during the forecast period, expanding at a CAGR of 7.10%.
“The growing consumption of functional foods across India and China
has augmented the growth of this regional market,” TMR report
states.
EU
Regulations Mandate Verification of Potential Health Benefits Offered
by Probiotic Products
In
terms of sales of probiotic products, Europe is one of the major
regions for the market players. During the period between 2014 and
2020, Germany and France are expected to register steady growth at a
CAGR of 6.80% and 6.60% respectively. Furthermore, the EU regulations
have mandated the submission of any health claims made by probiotics
manufacturers to the European Commission. This is expected to offer
reliable guidance to consumers regarding the potential health
benefits of probiotic products. On the other hand, North America
accounts for a small share in the market. However, the region is
anticipated to register substantial growth in the coming years.
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Lack
of Standardization to Restrict Growth of Global Probiotic Market
The
growing awareness about the role of probiotic in gut health has aided
the growth of the global probiotic market. Highly efficient healthy
bacteria strains
from probiotic such as Lactobacillus fermentum and Lactobacillus
rhamnosus optimize the gut flora and prevent diseases such as
diabetes, obesity, depression, and others. The growing consumption of
functional food and the launch of new functional food products by the
market players have further supported the market’s growth.
However,
the lack of standardization in the probiotic industry, in terms of
enzyme concentration, is expected to hamper the growth of the market
during the forecast period. The overall market has a significant
opportunity to grow across the emerging economies with the rising
awareness about the benefits of probiotics. “The ban on the usage
of antibiotics in animal feed and the development of probiotics in
new application areas hold immense growth opportunities for the
market,” a TMR analyst points out.
The
global probiotic market is estimated to expand at a CAGR of 7.40%
during the period between 2014 and 2020. The market was worth US$62.6
bn in 2014 and is expected to reach a valuation of US$96.0 bn by
2020.
The
information presented in this review is based on a Transparency
Market Research report, titled “Probiotic Market - Global Industry
Analysis, Size, Share, Growth and Forecast 2014 - 2020.”
Global
probiotic market has been segmented as:
Global
probiotic market, by application
- Food and beverages
- Dietary supplements
- Animal feed
Global
probiotic market, by end use
- Human probiotics
- Animal probiotics
Global
probiotic market, by strain types
- Lactobacillus
- Streptococcus
- Bifidobacterium
- Yeast
- Spore Formers
- Others
Global
probiotic market, by geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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