The
global probiotic market is characterized by the dynamic nature of
customer demands and preferences. The market is also characterized by
its fragment nature. The global probiotic market is marked by the
presence of both small and large vendors in large numbers across the
globe. Vendors are competing with each other on the basis of price,
quality, distribution, and innovation. Competition in the market is
expected to rise, states a report published by Transparency Market
Research (TMR), on account of various technological advancements made
by several players. Some of the players within this market are:
Mother Dairy, Yakult Honsha Co., Chr. Hansen, Lifeway Foods Inc.,
Nestle S.A., General Mills Inc., BioGaia AB, and Groupe Danone S.A.
According
to TMR, the global
probiotic market is anticipated to be worth US$96 bn by 2020.
On the basis of application, the market for food and beverages will
expand at a 7.20% CAGR between 2014 and 2020. By end use, the human
probiotics segment will continue to lead in the coming years. on the
basis of geography, the market is anticipated to continue to be led
by Asia Pacific on account of the high demand from India, China,
Japan, and Australia. Europe will also be a key market for probiotics
on account of healthy demand from Germany and France in the coming
years. North America currently holds less shares but could reflect
positive growth in the years to come.
Numerous
Health Benefits of Consuming Probiotics Appeal to Well-informed,
Health Conscious Consumers
One
of the factors fueling the demand for probiotics is the growing
awareness among consumers regarding the health benefits of the same.
The improvement in digestive health brought about by probiotics will
fuel their demand in the years to come. The growing consumption of
functional foods and role of probiotics in preventing bacterial
vaginosis, urinary tract infection, and yeast infection among women
are some of the other factors driving their consumption. Probiotics
help lower pH levels and this helps in improving the interstitial
microbial balance. The efforts to increase the awareness level of the
benefits of consuming probiotics is increasing in emerging economies
and thus, the market will see a potential scope of growth in emerging
nations. The improved bowel movements and enhanced nutrient
absorption brought about by the consumption of probiotics will also
help fuel their demand.
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Ease
of Availability of Ready-made Functional Drinks to Boost Growth of
Market
On
the other hand, a lack of standardization is a key issue within the
probiotics market. However, the introduction of ready-made functional
drinks enabling consumption on-the-go shall act as a growth driver
for this market. The convenience offered and ease of availability
will generate tremendous profits for market players in the coming
years. supermarkets, hypermarkets, and convenience stores are
compelled to provide customers with these drinks on account of their
growing popularity. This will also drive the market.
This
review of the market is based on a recent report published by
Transparency Market Research, titled “Probiotic Market – (By
Application - Food and Beverages ,Dietary Supplements , Animal Feed;
End Users - Human Probiotics , Animal Probiotics) - Global Industry
Analysis, Size, Share, Growth and Forecast 2014 – 2020.”
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
- Europe
- North America
- Asia Pacific
- Rest of the World
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