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Probiotics Market by Application (Functional Food & Beverages [Dairy Products, Non-dairy Beverages, Infant Formula, Cereals], Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, and Region – Global Forecast to 2023

Probiotics Market by Application (Functional Food & Beverages [Dairy Products, Non-dairy Beverages, Infant Formula, Cereals], Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, and Region – Global Forecast to 2023

“The probiotics market is projected to grow at a CAGR of 7.0%”
The probiotics market is estimated to be valued at 45.64 billion in 2017, and projected to grow at a CAGR of 7.0%, to reach USD 64.02 billion by 2022. The market is primarily driven by factors such as growing awareness about the benefits of probiotics among customers, rising demand for nutrient-rich feed for animals, and increasing demand for probiotic dietary supplements. Asia Pacific is projected to be the fastest-growing region due to the incorporation of probiotics in daily diets of consumers in China and Japan. One of the major restraints in the growth of the probiotic is the time required for regulatory approval.

“Bacterial segment, by source, led the market with the largest share in 2016”
On the basis of source, the probiotics market was led by the bacterial segment. Lactobacilli, one of the types of bacteria, accounted for the largest market share in 2016. Health benefits such as increased lactase production, prevention of diarrhea, prevention of irritable bowel syndrome, and enhanced immunity of Lactobacilli make the strain the most preferred option by probiotic producers.

“Liquid segment, by form, led the probiotics market with the largest share in 2016”
On the basis of form, the liquid segment accounted for the largest share of the probiotics market in 2016. Liquid probiotics are preferred by consumers having difficulty in swallowing pills, especially infants. New products are available in the market such as probiotic-infused juices and yogurt-based drinks, which provide consumers with new options of probiotic consumption.

“Functional food & beverages segment, by application, accounted for the largest share of the probiotics market in 2016”
Based on application, the functional food & beverages segment accounted for the largest share during the forecast period. Growing health concerns among consumers have led the manufacturers to come up with a variety of probiotic fortified foods, which has fueled the demand for probiotics in the functional food & beverage segment.

“Human probiotics segment, by end user, led the market with the largest share in 2016”
On the basis of end user, the human probiotics segment accounted for the largest share of the probiotics market in 2016. The routine consumption of probiotics in regular diets has shown functional improvements in consumer health, which has fueled the demand for human probiotics over animal probiotics.

“Asia Pacific: High growth is expected in the probiotics market”
Asia Pacific is projected to be the fastest-growing region, in terms of value, between 2017 and 2022. Some of the factors that drive the usage of probiotics in this region include high demand for functional foods and dairy products, the presence of major players in these regions, and awareness about the benefits of using probiotics.

Break-up of Primaries:
 By Company Type: Tier 1 - 35 %, Tier 2 - 45%, and Tier 3 - 20%
 By Designation: D Level - 25%, C Level - 35%, and Others* - 40%
 By Region: North America - 20%, Europe - 25%, Asia Pacific - 40%, and RoW - 15%

*Others include sales manager, marketing managers, and product managers.

Leading players profiled in this report:
Chr. Hansen
Danone
Yakult Honsha
Nestlé
DuPont
Morinaga
Lallemand
Probi
Bifodan
BioGaia
Probiotics International
Nebraska Cultures

Research Coverage:
The report segments the probiotics market on the basis of source, application, form, end user, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the global probiotics market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
To get a comprehensive overview of the probiotics market
To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights about the major countries/regions in which the probiotics is flourishing


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
    • PERIODIZATION CONSIDERED
    • CURRENCY CONSIDERED
      • Table USD EXCHANGE RATES CONSIDERED, 2013-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RESEARCH LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE PROBIOTICS MARKET
    • PROBIOTICS MARKET SIZE, BY REGION
    • PROBIOTICS MARKET, BY APPLICATION, 2018-2023
    • PROBIOTICS MARKET SHARE, BY FORM, 2018 VS. 2023
    • PROBIOTICS MARKET, BY END USER, 2018-2023
    • PROBIOTICS MARKET, BY INGREDIENT, 2017
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • SUPPLY CHAIN
    • PORTER'S FIVE FORCES ANALYSIS
    • PATENT ANALYSIS
  • PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL
    • INTRODUCTION
      • HYPERMARKETS/SUPERMARKETS
      • PHARMACIES/DRUGSTORES
      • SPECIALTY STORES
      • ONLINE
  • PROBIOTICS MARKET, BY INGREDIENT
    • INTRODUCTION
      • Table DIVERSITY OF PROBIOTICS
      • Table HEALTH BENEFITS OF PROBIOTIC MICROORGANISMS
      • Table PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016-2023 (USD BILLION)
    • BACTERIA
      • THE MOST WIDELY CONSUMED BACTERIA STRAINS ARE LACTOBACILLI, BIFIDOBACTERIA, AND STREPTOCOCCUS THERMOPHILUSTHERMOPHILUS, AMONG OTHERS (ENTEROCOCCUS, BACILLUS, AND PEDIOCOCCUS).
        • Table BACTERIA: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • LACTOBACILLI
      • BIFIDOBACTERIUM
      • STREPTOCOCCUS THERMOPHILUS
    • YEAST
      • PROBIOTICS ARE MICROSCOPIC FUNGI SUCH AS STRAINS OF YEASTS BELONGING TO SACCHAROMYCES CEREVISIAE SPECIES. LIVING MICROORGANISMS ARE WIDELY USED FOR SEVERAL THERAPEUTIC PURPOSES, AND THEIR BENEFICIAL EFFECTS ARE WELL KNOWN
        • Table BENEFICIAL EFFECTS OF YEAST
      • SACCHAROMYCES BOULARDII
      • OTHERS
        • Table YEAST: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PROBIOTICS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
    • FUNCTIONAL FOOD & BEVERAGES
      • Table FUNCTIONAL FOOD & BEVERAGES: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • Table FUNCTIONAL FOOD & BEVERAGES: PROBIOTICS MARKET SIZE, BY PRODUCT, 2016-2023 (USD BILLION)
      • DAIRY PRODUCTS
        • Table DAIRY PRODUCTS: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • NON-DAIRY BEVERAGES
        • Table NON-DAIRY BEVERAGES: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • INFANT FORMULA
        • Table INFANT FORMULA: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • CEREALS
        • Table CEREALS: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • OTHERS
        • Table OTHER PRODUCTS: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • DIETARY SUPPLEMENTS
      • PEOPLE CONSUME DIETARY SUPPLEMENTS WHEN THEY ARE UNABLE TO FULFILL THE ESSENTIAL NUTRIENT REQUIREMENTS THROUGH THEIR DAILY DIET. DIETARY SUPPLEMENTS ARE ONE OF THE KEY PROBIOTIC APPLICATIONS
        • Table DIETARY SUPPLEMENTS: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • FEED
      • THE MARKET FOR PROBIOTICS IN ANIMAL FEED IS HIGHLY AFFECTED BY THE REDUCED RELIANCE ON THERAPEUTIC ANTIBIOTICS TO RETAIN THE ANTIBIOTIC EFFICACY; THIS IS ACCOMPANIED BY THE INCREASED DEMAND FOR QUALITY ANIMAL PRODUCTS
        • Table FEED: PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PROBIOTICS MARKET, BY END USER
    • INTRODUCTION
      • Table PROBIOTICS MARKET SIZE, BY END-USE, 2016-2023 (USD BILLION)
    • HUMAN
      • POPULAR SOURCES OF PROBIOTICS INCLUDE YOGURT, BEVERAGES SUCH AS FERMENTED MILK & JUICES, AND PROBIOTIC SUPPLEMENTS
        • Table HUMAN PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • ANIMAL
      • FACTORS DRIVING THE ANIMAL SEGMENT IN THE PROBIOTICS MARKET INCLUDE THE BAN ON SYNTHETIC ANTIMICROBIAL GROWTH PROMOTERS (AGPS) IN EUROPE IN 2006
        • Table ANIMAL PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PROBIOTICS MARKET, BY FORM
    • INTRODUCTION
      • Table PROBIOTICS MARKET SIZE, BY FORM, 2016-2023 (USD BILLION)
    • LIQUID
      • THE DEMAND FOR LIQUID PROBIOTICS IS LARGER WHEN COMPARED TO DRY PROBIOTICS, OWING TO ITS APPLICATION IN YOGURT, WHICH IS THE MOST POPULAR SOURCE OF PROBIOTICS.
        • Table LIQUID PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • DRY
      • DRY PROBIOTICS ARE POPULAR IN DIETARY SUPPLEMENTS AND ANIMAL FEED SPACE. DRY PROBIOTIC PRODUCTS ARE MOSTLY USED FOR ANIMAL FEED SUCH AS CATTLE, SWINE, AND POULTRY FEED
        • Table DRY PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PROBIOTICS MARKET, BY REGION
    • INTRODUCTION
      • Table PROBIOTICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PROBIOTIC INGREDIENTS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE, BY FORM, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE IN FUNCTIONAL FOOD & BEVERAGES, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE IN DIETARY SUPPLEMENTS, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: PROBIOTICS MARKET SIZE IN FEED, BY COUNTRY, 2016-2023 (USD MILLION)
      • US
        • Table US: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC PROBIOTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PROBIOTICS MARKET SIZE IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY FORM, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 2016-2023 (USD BILLION)
      • CHINA
        • Table CHINA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • AUSTRALIA & NEW ZEALAND
        • Table AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016-2023 (USD BILLION)
      • Table EUROPE: PROBIOTICS MARKET SIZE, BY FORM, 2016-2023 (USD BILLION)
      • Table EUROPE: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table EUROPE: PROBIOTICS MARKET SIZE FOR FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT, 2016-2023 (USD BILLION)
      • Table EUROPE: PROBIOTICS MARKET SIZE, BY END-USER, 2016-2023 (USD BILLION)
      • RUSSIA
        • Table RUSSIA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • UK
        • Table UK: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • SPAIN
        • Table SPAIN: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE : PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table ROW: PROBIOTIC INGREDIENTS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • Table ROW: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table ROW: PROBIOTICS MARKET SIZE, BY END USER, 2016-2023 (USD BILLION)
      • Table ROW: PROBIOTICS MARKET SIZE, BY FORM, 2016-2023 (USD BILLION)
      • Table ROW: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016-2023 (USD BILLION)
      • Table ROW: PROBIOTICS MARKET SIZE IN FUNCTIONAL FOOD & BEVERAGES, BY REGION, 2016-2023 (USD MILLION)
      • Table ROW: PROBIOTICS MARKET SIZE IN DIETARY SUPPLEMENTS, BY REGION, 2016-2023 (USD MILLION)
      • Table ROW: PROBIOTICS MARKET SIZE IN FEED, BY REGION, 2016-2023 (USD MILLION)
      • SOUTH AMERICA
        • Table SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table MIDDLE EAST & AFRICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING, 2017
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • EXPANSIONS AND INVESTMENTS
      • Table EXPANSIONS AND INVESTMENTS, 2013-2018
    • MERGERS AND ACQUISITIONS
      • Table MERGERS AND ACQUISITIONS, 2015-2017
    • AGREEMENTS, COLLABORATIONS, JOINT VENTURES, AND PARTNERSHIPS
      • Table AGREEMENTS, COLLABORATIONS, JOINT VENTURES, AND PARTNERSHIPS 2014-2018
    • NEW PRODUCT LAUNCHES
      • Table NEW PRODUCT LAUNCHES, 2013-2017
  • COMPANY PROFILES
    • CHR. HANSEN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DANONE
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • YAKULT HONSHA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DOWDUPONT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KERRY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SWOT ANALYSIS
      • KERRY: SWOT ANALYSIS
      • MNM VIEW
    • PROBI AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • NESTLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BIOGAIA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MORINAGA MILK INDUSTRY CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GLAC BIOTECH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BIFODAN A/S
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • LALLEMAND
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GENERAL MILLS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • UAS LABORATORIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ARCHER DANIELS MIDLAND COMPANY (ADM)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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