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Explore Industry Insights in Global Probiotics Market Size, Share, Development, Growth and Demand Forecast to 2023

07-05-2018 09:33 PM CET | Health & Medicine

Press release from: P&S Market Research - Consumer Products

Probiotics Market

Probiotics Market

The growing demand for probiotics among the rising number of health aware consumers is anticipated to drive the growth of the global probiotics market during the forecast period. A huge number of health benefits related to probiotic goods, is one of the main factors increasing the demand for probiotics based products.

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Nowadays, a wide range of dairy beverages that contain probiotic bacteria are available for consumption in the market including, acidophilus milk, sweet acidophilus milk, acidophilus buttermilk, nu-Trish A⁄B, bifidus milk, yakult, gaio, proviva, procult drink, actimel, and others.

The global probiotics market can be segmented on the basis of ingredient, function, application and end use. On the basis of ingredients, the global probiotics market can be categorized into bacteria and yeast. The bacteria segment can be further divided into lactobacilli and bifidobacteria.

Extended application areas of probiotics in agriculture and disease control and treatments, huge investments fueled innovations in probiotic products and process technology, and promising health benefits of functional foods containing probiotic ingredients are some of the factors driving the global probiotics market.

Commercial probiotics for animal use improve animal performance by increasing daily feed efficiency and daily gain in feedlot cattle, increase milk production in dairy cows, and improve the health and performance of young calves and in improving growth performance of chickens. Probiotics provide the animal with an additional source of nutrients and digestive enzymes.

Asia-Pacific dominates the global probiotic market due to the growth and various research developments going on in Japan, along with the incentives given from India and China.

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The major competitors in the global probiotics market include Yakult Honsha Co., Ltd, Nestlé, Danone, Arla Foods, Sønderhøj, DuPont, BioGaia, General Mills Inc., Probi, Magellan Minerals Ltd, Mother Dairy, and Lifeway Foods, Inc. Some of the other competitors are Institut Rosell-Lallemand Inc, Koninklijke DSM N.V., Nebraska Cultures, Inc, ConAgra Foods, Inc, and Chr. Hansen A/S.

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P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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