Home > Food & Beverages > Nutraceuticals > Probiotics Market
Probiotics Market Share
- Report ID: GMI418
- Published Date: Mar 2023
- Report Format: PDF
Probiotics Market Share
Some of the leading companies involved in the probiotics market include :
- Arla Foods Inc
- Chr. Hansen Holding A/S
- BioGaia AB
- Danone
- General Mills Inc
- DuPont Danisco
- I-Health Inc
- Lifeway Foods, Inc
- Lallemand Inc
- Mother Dairy Fruit & Vegetable Pvt Ltd
- Nestle S.A.
- Probi AB
- UAS Laboratories
- Yakult Honsha Co. Ltd
- Morinaga Milk Industry Co. Ltd
- Kerry Group
- Kemin Industries.
These companies primarily engage in collaborative projects, partnership agreements, and acquisition plans with pharma companies to strengthen their business outlook. For instance, in November 2020, Kerry Group, a food, beverage, and pharma provider, announced plans to acquire Bio-K Plus International, a Canadian probiotics provider.
Frequently Asked Questions (FAQ) :
Global Market size for Probiotics was valued at more than USD 2.5 billion in 2022 and is set to progress at nearly 8% CAGR over the next 10 years owing to expanding consumption of meat and functional food.
Baked foods application segment is poised to witness growth at over 7% CAGR through 2032 due to the increasing uptake of bakery foods with health benefits.
Lactobacilli segment was recorded at more than USD 1.8 billion in 2022 as a result of soaring demand for non-pharmacological treatments to reduce the cost of production for human probiotic applications.
Asia Pacific probiotics is projected to reach over USD 2.5 billion by 2032 on account of burgeoning consumption of functional foods, especially in developing countries such as China, Japan, and India in the APAC region.
Probiotics Market Scope
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