Global Probiotics Market 2017-2022
Global demand for probiotics is expected to rise at the rate of ***% over the –forecast period. Growing health concerns are expected to drive this market
The probiotics market has evolved alongside developments in the food and beverages, dietary supplements, and animal feed industries. Food and beverages is the major application and makes the most use of probiotics, dominating the market and accounting for almost **% of the market share. The probiotics market is expected to witness significant growth during the forecast period. The market is primarily driven by Asia–Pacific, Europe and North America regions.
Some of the key participants in the market for probiotics include, Biogaia, Chr. Dansen Holding, Danone, DuPont, Nebraska, Probi, Probiotics International and Yakult.
Asia–Pacific accounts for the highest market share for probiotics, followed by Europe and North America. Increasing demand for probiotics in the food and beverages industry is primarily driving this market.
This report also highlights the supplier landscape with a focus on profiles of major companies.
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STUDY GOALS AND OBJECTIVES
The goal of this report is to provide an up–to–date analysis of recent developments and current trends in the global market for probiotics. Identifying significant drivers of revenue growth is an additional aim. The objective of this type of systematic research is to quantify the projected impact of both internal and external forces that are affecting the global market for probiotics over the forecast period of 2017through 2022.
REASONS FOR DOING THE STUDY
Rising health concerns are driving the market for probiotics in both humans and animals. Continuous advancements are being made in the field of probiotics, along with significant reductions in cost; this helps drive further introduction of such ingredients. In addition, with the increased number of start–ups and small companies across regions the production of probiotics is increasing with growing demand for food and beverages.
SCOPE OF REPORT
The scope of this report is broad and covers all the applications of probiotics, globally. The market is broken down into major types of ingredients, applications, end users, functions and regions. Revenue forecasts from 2017 through 2022 are given for each major type, including regional revenue shares. Estimated values used are based on manufacturers’ total revenues. Market values are presented in U.S. dollars, unadjusted for inflation.
The report also includes a discussion of the major players in each of the regional markets and explains the major global drivers, the current trends, and the regional dynamics of the market. The report concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors of probiotics globally and discusses the market shares of the major players by region.
This report is intended especially for producers, suppliers and consumers with an interest in probiotics. In addition, because of this report’s business focus, it will be useful to sales executives and business managers as an up–to–date guide that includes drivers and trends that are expected to be significant factors in the current and future markets.
The findings and conclusions of this report are based on information gathered from a variety of primary and secondary sources. Sources of information include industry association data and interviews conducted with probiotics manufacturing companies. In addition, secondary sources were consulted for the report, such as the internet, industry journals and publications, product literature, white papers and technical journals, and financial reports from industry suppliers.
The base year for analysis and projection is 2017. With 2014 as a baseline, market projections were developed for 2017 through 2022. These projections are based on a consensus among the primary contacts combined with our understanding of the key market drivers and their impact from historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analyses. All dollar projections presented in this report are in 2017 constant dollars.
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