The
research report on the global probiotic market presents an in-depth
analysis with the help of market-related figures and facts. It
further emphasize on the demand and supply strategies, product
segmentation, recent developments, and the competitive landscape of
the global probiotic market. The research study further covers the
driving and restraining factors of the global probiotic market.
According
to the research report, the global
probiotic market is expected to witness high growth in the coming
years owing to the growing awareness regarding the benefits
associated with the consumption of probiotics.
The
key information and figures mentioned in this report are derived on
the basis of primary and secondary information. The report also
includes useful inputs and strategic recommendations from industry
experts. SWOT analysis, Porter’s five forces analysis, and value
chain analysis are the analytical tools that the analysts have used
to determine the growth opportunities and challenges of the global
probiotic market.
The
probiotic market is segmented on the basis of application, end user,
and strain type. The application segments of the market include
dietary supplements, food and beverages, and animal feed. By end
user, the market is segmented into animal probiotics and human
probiotics. By strain type, the market is divided into yeast,
streptococcus, lactobacillus, bifidobacterium, and spore formers.
Overview
of the Global Probiotic Market
The
global probiotic market, in 2014, was valued at US$62.6 bn and is
estimated to reach a value of US$96 bn by the end of 2020. This
market is projected to exhibit a progressive 7.40% CAGR between 2014
and 2020.
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The
growing awareness regarding the enhancement of gut health, increasing
consumption of functional foods, and the high efficiency of probiotic
bacteria are some of the major factors accountable for the
development of the global probiotics market. Moreover, the rising
awareness regarding the health benefits of probiotics, growing demand
for probiotics from developing economies, and the ban on the use of
antibiotics in animal feed are the major factors that are expected to
fuel the growth of the global probiotics market in the next five
years.
On
the flip side, the lack of appropriate standardization in the global
probiotics market is the key factor that is expected to hamper the
growth of this market in the next few years.
The
global probiotics market is segmented by geography into Europe, North
America, Asia Pacific, and Rest of the World. Among these regions, in
2013, Asia Pacific led the global probiotics market and is expected
to continue in the leading position throughout the forecast period,
exhibiting a healthy 7.10% CAGR between 2014 and 2020. The rapid
growth of the Asia Pacific probiotics market is due to the growing
demand from countries such as Australia, China, India, and Japan.
After Asia Pacific, the Europe probiotic market holds the second
position in the global market. France is expected to exhibit a 6.60%
CAGR and Germany is projected to register a 6.80% CAGR between 2014
and 2020. Presently, the North America probiotics market accounts for
a very tiny share in the global market; however, this region is
expected to witness a high growth rate in the next few years.
Companies
mentioned in the research report
The
prominent players operating in the global probiotic market are Nestle
S.A., China-Biotics, Inc., E. I. duPont de Nemours and Company,
General Mills, Inc., Lifeway Foods, Inc., PROBI AB, BioGaia AB,
Yakult Honsha Co., Ltd., Mother Dairy, Groupe Danone S.A., and Chr.
Hansen. The growing popularity of probiotics worldwide has attracted
many new players to participate in this market.
Key
Segments of the Global Probiotic Market
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
Major
regions analyzed under this research report are:
- Europe
- North America
- Asia Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
