As per this study the Global Probiotics Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Probiotics refer to the live microorganism that is consumed to improve digestion. It is also used to treat bowel syndrome, infectious diarrhea, skin infections, allergies, and other conditions. Further, it strengthens the immune system, removes digestive tract's barrier, produce vitamins and kills disease-causing pathogens.
Market Dynamics
The growing popularity of the product due to rising health consciousness within the population is driving the market growth. Rising disposable income, increasing health concerns, with easy availability are some of the factors, which are pushing the growth of this market. Increase in funding for R&D for development of newer product range is also boosting the market growth. However, various quality standards on probiotic products are likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of probiotics.
Market Segmentation
The broad probiotics market has been sub-grouped into ingredient, function, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Ingredient
By Function
- Regular
- Preventative Healthcare
- Therapeutic
By Application
- Food & Beverage
- Dietary Supplements
- Animal Feed
By End-Use
- Human Probiotics
- Animal Probiotics
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for probiotics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Probiotics Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the probiotics market include BioGaia AB, Chr. Hansen Holding A/S, Danone, E. I. du Pont de Nemours and Company, Ganeden, Inc., Lifeway Foods, Inc., Nestle S.A., Probi AB, Protexin and Yakult Honsha Co., Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
