Market Insight : Probiotics Market Globally Grow at a CAGR of 7.01% by 2021
Probiotics are microorganisms that, on consumption, exert a positive effect on the health of human beings and animals. These products have been gaining interest among many since the 1990s. Lately, probiotics are also being referred by doctors worldwide to combat issues like digestive problems, bowel irregularities, and weak immune system. The most common type of microbes used at a commercial level for the introduction of products and applications in the market are lactic acid bacteria (LAB) and Bifidobacterium.
Technavios analysts forecast the global probiotics market to grow at a CAGR of 7.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global probiotics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio's report, Global Probiotics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
Increasing investments in R&D.
For a full, detailed list, view our report
Lack of awareness in developing countries.
For a full, detailed list, view our report
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Increasing application of probiotics in other sectors.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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