Probiotics Market worth over $65 Billion by 2024
Published Date: September 27, 2017 Author: Global Market Insights, Inc.
Probiotics Market size is set to surpass USD 65 billion by 2024; according to a new research report by Global Market Insights, Inc.
Increasing functional food demand accompanied by rise in nutritional benefits is likely to drive probiotics market size. They are set of live and beneficial bacteria widely used for better health and stronger immune system along with treating neurological disorders, mental illness and digestive issues. Various functional food products containing probiotics include baked foods, cereals, dry foods and dairy products.
Germany probiotics market size should grow at over 7%. Consumer inclination towards using bio-based products for food & beverages applications should drive industry growth. Growing dairy based products demand in the region attributable to country milk production capacity along with increasing concern over healthy lifestyle should drive regional product demand.
Probiotics market size from animal feed applications should surpass USD 4.5 billion by 2024. They are used as alternatives for antibiotics growth promoters (AGPs) which helps in preventing diseases and enhancing immune system. Growth in animal feed sector owing to rise in meat consumption along with strict government regulations pertaining to its use should propel product demand.
Growth in geriatric population and rising health concern coupled with growing income level will drive product demand. Technological limitations such as selection of strain, biocompatibility, testing and storage might hinder product demand. These challenges can be overcome by technological innovations such as encapsulation and nanotechnology.
Microorganisms are the essential feedstock for probiotic production which imparts vital & suitable action. Several criteria need to be considered while selecting a strain including resistance to body defense mechanism, potential to harm livestock or human from GRAS status and temperature stability.
Browse key industry insights spread across 135 pages with 100 market data tables & 27 figures & charts from the report, “Probiotics Market Size By End Use (Human, Animal), By Application (Functional Foods & Beverages [Dairy, Non-dairy, Cereals, Baked Goods, Fermented Meat Products, Dry Foods], Dietary Supplements [Food, Nutritional, Specialty, Infant Formula], Animal Feed Probiotics), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, Japan, India, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Probiotics market size from cereal applications should grow at over 7%. These products along with cereals enhance immunity system, anti-carcinogenic properties, reduces gastrointestinal infections and reduce heart disease risks.
Japan probiotics market size from infant formula applications should surpass USD 55 million by 2024. Lactobacillus & Bifidobacterium are majorly used in infant formula applications. Key benefits include improving immune & digestive system and increase in mineral absorption.
Increasing consumer consciousness to maintain a healthy life along with desire among geriatric population for maintain better living standards should drive probiotics demand for functional food applications. Functional food intake can help in reducing heart diseases, hypertension, and osteoporosis.
Lactobacilli & bifidobacterial are commonly used probiotic strains used in food applications. Key properties include resistance to bile & acid and antimicrobial production, which help in benefiting human health.
Global probiotics market share is competitive & moderately fragmented and some of the participants include Lallemand Inc., Arla Food, DuPont Danisco, and Nestle. Increased emphasis on product development by companies adopting strategies like partnership, mergers and acquisition should enhance product portfolio and strengthen regional presence.
Probiotics market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
Probiotics Market, By End-Use
- Human Probiotics
- Animal Probiotics
Probiotics Market, By Application
- Food & Beverages
- Dairy Products
- Non Dairy Products
- Baked Foods
- Fermented Meat Products
- Dry Foods
- Dietary Supplements
- Food Supplements
- Nutritional Supplements
- Specialty Supplements
- Infant Formula
- Animal Feed
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific