Probiotics Market - How Top Companies Adapted after COVID-19 Hit Its BusinessChr. Hansen, Holding A/S, Dannon Ltd., Yakult Honsha Co by

Probiotics are the living microorganisms that offer health benefits normally by restoring or improving gut flora. They are safe consuming products, especially for the digestive system. Probiotics are generally regarded as germs that cause diseases, but a normal body comprises of both, good and bad bacteria. Hence, these living organisms are also known as helpful or good bacteria, since they keep the gut healthy. Probiotics are majorly present in several supplements and foods, such as yogurt. Most bacteria types are categorized as probiotics, having different benefits, which majorly come from two groups; lactobacillus and bifidobacterium. Lactobacillus is one of the most common probiotics present in yogurt and most fermented foods. They help with diarrhea and also help people who are unable to digest lactose like the sugar in milk. Bifidobacterium is widely found in most dairy products that reduce the symptoms of IBS (irritable bowel syndrome) and other conditions.

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Major Players Included:

The prominent players in the global probiotics market are Chr. Hansen, Holding A/S, Dannon Ltd., Yakult Honsha Co., Ltd., Kerry Inc., Nestle, Bifodan A/S , PROBI, DuPont., glacbiotech Co., Ltd., UAS Laboratories, among others.

Market Industry Reports (MIR) has published a new report titled "Probiotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global probiotics market is estimated to be over US$ 52.3 Bn in 2019. It is anticipated to grow at a CAGR of 6.8% from 2019 to 2030.

Scope of Report:

The significant growth of the market can be attributed to increasing health awareness among population followed by demand for probiotics fortified food and technological advancement in probiotics products. Moreover, factors such as increasing consumer awareness about healthy diets. In emerging countries particularly in Japan, the increase in the aging population are anticipated to boost the growth of the probiotics market over the forecast period. However, regulations related to probiotic product, high R&D costs for developing new probiotic strains and stringent international quality standards are some of the major factors restraining the growth of the market.

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Extensive research and development by major companies & universities across the globe to introduce probiotics technology with maximum safety and precision is expected to contribute to growth of the market. In 2019, Bifodan A/S, in collaboration with The Biomedicine group at Aalborg University (AAU), Denmark to enhance effectiveness of research across academia and industry related to the application of probiotics in health and disease.

The rising awareness regarding preventive healthcare and search for healthy food products for consumption among consumers. As probiotics have proven strong benefits related to health, more specifically to the human digestive system is a major driver for the market. The most commonly used bacteria include Bifidobacteria and Lactobacilli, which are found in various dairy products, including yogurt and foods & beverages. Yogurt is the most popular option for consumption of probiotics in the dairy category, manufacturers are coming up with a variety of options in the yogurt category. This in turn aids the substantial growth of the probiotics market.

Regional Analysis:

Asia Pacific is estimated to account for the highest CAGR in probiotics market over forecast period. Increasing demand for nutritional food products and rising population coupled with the rising in disposable income which create lucrative opportunity for growth of the market in this region. Moreover strong demand from countries such as India, China as well as Australia is contributing to the overall growth. For instance, North America, is also expected to witness considerable growth over the forecast period. Manufacturers are investing in pharmaceutical industries whichcontributes to the regional market growth.

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Table of Contents

INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecasted Years - 2019 to 2030
Currency Used

RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecasting Model
Limitations/Assumptions of the Study

ABSTRACT OF THE STUDY

MARKET DYNAMICS ASSESMENT
Overview
Drivers
Barriers/Challenges
Opportunities

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