Global Probiotic Market– Opportunities & Forecast, 2019-2026
Probiotics are live microbial food ingredients which act as a beneficial bacteria or non-pathogenic in the human body. It consists of bacteria and yeast, which are broadly categorized in the global probiotics market. Bacteria such as Lactobacillus, Bifidobacterium, among others, are widely used in functional food and beverages, and the probiotics are considered as safe to consume as it improves the gut flora.
The growing awareness regarding health benefits and the demand for health-based products amongst the people are the key factors that are bolstering the growth of the global probiotic market. Besides, the easy availability of probiotic-based products attracting, the consumers globally, which gives an immediate surge in the global probiotic market. The health benefits associated with probiotics such as, gastrointestinal infections and functions of the digestive system, improve the immune system, helps to prevent and treat diarrhea, reduce cholesterol and blood pressure, reduce the severity of certain allergies, among others which will further enhance the global probiotic market. Moreover, Probiotics contain Bifidobacterium and Lactobacillus, which also improve mental health conditions like depression, anxiety, obsessive-compulsive disorder. Besides that, the research & development activities (R&D) for the development of advanced technological products are further expected to play a crucial role in shaping the global probiotic market. However, the factors hindering the growth of the global probiotic market include the adverse effect on the human body suffering from immunodeficiency, short bowel syndrome, central venous catheters, and cardiac valve diseases.
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Various notable players operating in the market Danone, BioGaia, Chr. Hansen Holding A/S, Yakult Honsha Co. Ltd., DuPont de Nemours, Inc., Probi AB, Deerland Enzymes & Probiotics, Lifeway Foods Inc., Capsugel, Culturelle, among others. For Instance, BioGaia’s launch new product for probiotic bone health, BioGaia Osfortis, will be marketed by Everidis Health Sciences in the US.
The global probiotic market has been segmented on the basis of product type, application, distribution, and key geographies. Based on product type, the market is segmented into bacteria and yeast. Based on application, the market is segmented into food & beverages, dietary supplements, healthcare and others. Based on distribution, the market is segmented into online stores, Hypermarkets, specialized stores, and others.
The research report “Global Probiotic Market” provides an in-depth analysis of global probiotic market based on product type, application, distribution and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for global probiotic market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1- At what pace is global probiotic growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global probiotic market?
4- What are the various application areas and how they are poised to grow?
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