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Probiotic market expected to reach US$ 52.14 billion by 2023 made available by top research firm

Food & Beverage Market Research

Probiotic Market By Application (Dietary supplements, Animal feed, Food & Beverage) By End Users (Human, Animal).

Global Probiotic Market Make an Inquiry about this newswas valued at USD 34 billion in the year 2016. The global Probiotic market is further estimated to grow at a CAGR of 7.2 % from 2016 to reach USD 52 billion by the year 2022.

Asia-Pacific region holds the highest market share in 2016 and the North American market is considered a rapidly growing market in the estimated period. At a country level, China, South Korea, Japan, and Australia & New Zealand holds the notable market share in 2016, owing to the rapid development and rising healthcare awareness.

BioGaia AB (Sweden) (U.S), E. I. du Pont de Nemours and Company (U.S), Ganeden, Inc. (U.S), General Mills, Inc. (U.S), Mother Dairy Fruit & Vegetable Pvt. Ltd. (India), Nestle S.A (Switzerland), Yakult Honsha Co., Ltd. (Japan) are some of the key players in the Global Probiotic Market.

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Market Overview

Drivers

Rapidly Increasing probiotic benefits awareness

Growing need for Healthy lifestyle

Technological advancements for better probiotic products 

Restraints

Government standards and regulations

Opportunity

Evolving demand and market in developed countries

Rising Demand  

On the basis of application, the probiotic market is segmented as Animal feed, dietary supplements, Food & Beverages, where food and beverages segment holds the largest market share among other segments in 2016 because of technological advancements and increasing prevalence of probiotic products. On the other hand, human probiotics segment by end users for this market is expected to grow at the highest CAGR during the year 2017-2022.

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Key Benefits for Stakeholders

Probiotic Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Form                                  

Dry

Liquid

                       

By Application            

Dietary supplements      

Animal feed      

Food & Beverage

 

By End Users  

Human

Animal 

 

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

BioGaia AB (Sweden) (U.S)        

  1. E. I. du Pont de Nemours and Company (U.S)

Ganeden, Inc. (U.S)      

General Mills, Inc. (U.S) 

Mother Dairy Fruit & Vegetable Pvt. Ltd. (India)

Nestle S.A (Switzerland)

Yakult Honsha Co., Ltd. (Japan)

Danone (France)

Probiotics International (UK)

Probi (Sweden) 

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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