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Global Probiotics Market || Chr. Hansen, Danone SA, Yakult Honsha, DuPont de Nemours Inc, Kerry Group plc, Probi AB, Nestlé S.A., BioGaia AB.

02-17-2021 12:45 PM CET | Health & Medicine

Press release from: Prophecy Market Insights

PROPHECY MARKET INSIGHTS

PROPHECY MARKET INSIGHTS

Probiotics are live micro-organism including bacteria and yeast that provides numerous health benefit by restoring gut flora and are used to treat various diseases related to gastrointestinal tract, digestion and bowl moment. They mainly include bacteria like lactobacillus and bifidobacterium. Some certain types of yeast also act as probiotics like

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saccharomyces boulardii. Some examples of probiotics are yakult, kimchi, pickled vegetables, buttermilk etc.

Increase in probiotic food which is rich in nutritional values is the major driver for global probiotic market. The rising costs of the healthcare sector and the advent of the internet age, has led to an increased preference for preventive health care. This has enabled consumers to self-diagnose the ailments they are suffering from. In addition to that increasing investment in agribusiness along with government initiatives for maintaining health and nutrition of the livestock is another factor that fuels the growth of the global probiotics market. Increasing participation of international bodies in the research and development of probiotic products across the globe is some among the major factor expected to boost growth of the target market in the near future. However, complex testing methods and selection criteria of strain during the production and development process for probiotic production which results in high research and development cost may hamper the target market demand. Internation quality standards and regulation for probiotics are limiting the growth of the global probiotics market.

Global probiotics market is segmented based on ingredients, applications, forms, and region. On the basis of ingredients, the target market is divided into bacteria and yeast. On the basis of application, the target market is subdivided into food and beverages, dietary supplements and animal feed. On the basis of forms, target market is subdivided into liquid and solid forms.

On the basis of region, the global market is subdivided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Rising health awareness among consumers in the Asia Pacific region is projected to account for the largest market size during the forecast period. Due to the presence of Japanese probiotic brand “Yakult”, consumers in Asia Pacific region are well aware of the health benefits of probiotics. The Asia Pacific region presents immense opportunities for animal probiotic products, as governments are becoming increasingly concerned about the health and productivity of farm animals. In 2015, The European region largely contributed significantly to the overall market demand. The Federation of European Nutrition Societies (FENS) funds and invests in many businesses about nutritional foods & nutri-cosmetics. The people in the North American region are suffering from digestive distress, obesity, high blood pressure, and tooth decay, owing to the unhealthy & sedentary lifestyle. According to the World Health Organization (WHO), approximately 65 to 70 million people in the region are experiencing problems associated with the digestive system. These factors have contributed to an increase in demand for probiotics owing to their beneficial health factors.

Major key players in the global probiotics market are Chr. Hansen, Danone SA, Yakult Honsha, DuPont de Nemours Inc, Kerry Group plc, Probi AB, Nestlé S.A., BioGaia AB, Morinaga Milk Industry Co., Ltd and Glac Biotech.

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Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

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