India Probiotic Market Forecast and Opportunities, 2019
Over the past few years, India has been witnessing a large number of deaths due to rising incidences of digestive, diarrhoeal and cardiovascular diseases. According to a study conducted by Centre for Global Health Research at the University of Toronto and Indian Council of Medical Research (ICMR), around 18.8% of all deaths in 2010 were caused by cardiovascular diseases alone. This is consequently, resulting into increasing health concerns and rising inclination towards probiotic products among Indian consumers which is in turn resulting into increasing demand for probiotic products in India. Consequently, India is poised to offer immense opportunities to both domestic as well as international players operating in the probiotics market in the country. Other factors driving the growth of probiotic products in the country include rising trend for fortified food and growing incidences of lifestyle oriented diseases such as diabetes. Besides probiotic products for humans, probiotic animal feeds are also becoming very popular among Indian farmers to feed their cattle.
According to “India Probiotic Market Forecast & Opportunities, 2019”, India’s probiotic market is projected to grow at a CAGR of around 19% till 2019. The market has been segmented into Probiotic functional food and beverages; Probiotic drugs and dietary supplements; and Probiotic animal feed. Of these segments, tremendous growth is expected in Probiotic drugs and dietary supplements and Probiotic animal feed segment. Major companies engaged in offering probiotic food products in the Indian market includes Mother Dairy, Amul, Danone Yakult, Nestle, Tablets India, Dr Reddy Laboratories, Unique Biotech, Zeus Biotech, etc. Mother Dairy has the dominant position in the Indian probiotic functional food and beverage market, followed by Amul. Tablets India, on the other hand, has established itself as a major brand in Probiotic drug and dietary supplement market. “India Probiotic Market Opportunities & Forecast, 2019” elaborates the following aspects related to Probiotic market in India:
India Probiotic Market Size, Share & Forecast
Segmental Analysis – Probiotic Functional Food and Beverages, Probiotic Drugs and Dietary Supplements, Probiotic Animal Feed
Policy & Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
To gain an in-depth understanding of Probiotic market in India
To identify the on-going trends and anticipated growth in the coming years
To help industry consultants, distributors and dealers align their market-centric strategies
To obtain research based business decisions and add weight to presentations and marketing material
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with probiotic producers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.
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