Global Probiotics Market 2017-2021
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.
Technavio’s 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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Probiotics Market 2017-2021
Technavio recognizes the following companies as the key players in the global probiotics market: Chr.Hansen, Danone, Nestlé, PROBI, and Yakult.
Other Prominent Vendors in the market are: Attune Foods, Bifodan, BioCare Copenhagen, Daflorn, Deerland Enzymes, Lallemand, and Winclove Probiotics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing application of probiotics in other sectors. Probiotics are mostly consumed as functional foods and drinks. However, their use is gradually expanding in the field of skin care and personal care. There were many clinical studies conducted and published by the American Academy of Dermatology and British Journal of Dermatology that concluded the advantages of probiotics for achieving healthier skin.”
According to the report, one driver in market is health benefits of probiotics. Probiotics prevent the growth of harmful bacteria inside the digestive tract, leading to an improvement in nutrition absorption and bowel movements. Probiotic supplements increase the Lactobacilli count in women and prevent diseases like bacterial vaginosis, yeast infection, and urinary tract infection. These products are also beneficial for animal health. The consumption of probiotic products improves the interstitial microbial balance by lowering the pH levels. Clinical studies have also shown that the intake of probiotics prevents the growth of harmful microbes such as Candida, Escherichia coli, Helicobacter pylori, and Salmonella. The consumption of probiotic yogurt is also associated with the reduction of the risk of cancer in the colon, bladder, and breast approximately up to 35%. They also help to reduce dental caries, prevents oral candida infections, and manages periodontitis.
Further, the report states that one challenges in market is high price in developing countries. Although probiotics have multiple health benefits, the premium pricing of these products often poses a major challenge to the market. For instance, the average price of probiotic yogurt is $2.4 per ounce as opposed to $1 per ounce for regular yogurt. These products are priced at a premium due to various reasons such as patents, the inclusion of natural probiotic ingredients, or a combination of many strains. In countries, such as India, where yogurt is often made at home, increasing the probiotic yogurt prices would be a grave challenge for the market growth. In South Africa, the market is still underdeveloped and underpenetrated; most consumers there will not be interested in a new product that is highly priced.
Chr.Hansen, Danone, Nestlé, PROBI, Yakult, Attune Foods, Bifodan, BioCare Copenhagen, Daflorn, Deerland Enzymes, Lallemand, and Winclove Probiotics.
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