KEY FINDINGS The probiotics market is anticipated to grow from $43941 million in 2016 to $78148 million by 2025, at a CAGR of 6.69% between 2017 and 2025. The base year considered for the report is 2016 and the forecast period is from 2017 to 2025. Rising demand for food and beverages for functional products, initiatives towards awareness and demand building and rising disposable income in the emerging countries are the key drivers of the global probiotics market.
MARKET INSIGHTS The global probiotics market is segmented on the basis of products like food and beverages, dairy products, non-dairy products, cereals, fermented meat, dietary and supplements market, food supplements, nutrient supplements, specialty nutrients, infant formulas and animal feed products. The market is also segmented by the end-users on the basis of human probiotic products and animal probiotic products. Further, the market is segmented by strain types on the basis of Lactobacillus, Streptococcus, Bifidobacterium, yeast and spore formers. Globally, there is a lack of clarity and uniformity in food standards which is a restraint in the probiotics market. Also, high prices of the products put them in a niche bracket. Rise in the demand of the probiotics product in a new segment, alternatives for the pharmaceutical products and growth in the probiotic beverages segment are the new opportunities coming up for the global probiotics market. On the other hand, low awareness and limited options in the probiotics products and probiotics side effects are declining the growth of the probiotics market.
REGIONAL INSIGHTS The probiotics market in Asia-Pacific is expected to hold a colossal share by 2025. The market is leading due to the rising demand for the probiotic drugs and supplement from developing countries such as India, China, and Japan. The U.S. and Canada are anticipated to be the developing markets for the probiotic. Most of the technological developments are expected to be adopted by the countries mentioned above.
COMPETITIVE INSIGHTS Major players in the probiotics market are Lifeway Foods Inc., Danone, Probi AB, Danisco, Inc., Mother Dairy Fruit and Vegetables, Yakult Honsha Co Ltd, Nestle SA, General Mills Inc., Arla Food Inc, Ganeden, Chr. Hansen Holdings A/S, Protexin, Bio Gaia AB, Nebraska Cultures, LallemandInc, and I-Health Inc.