New York
City, 28 January 2019: The Report Probiotics Market is anticipated to reach over USD 77,240
million by 2026. In 2017, the functional food and beverage segment dominated
the global market, in terms of revenue. Asia-Pacific is expected to be the
leading contributor to the global market revenue during the forecast period.
A significant increase in disposable
income, changing lifestyles, and initiatives by market players to promote
natural products drive the growth of this market. The health benefits
offered by probiotics such as enhanced digestion, stronger immune system,
healthier skin, decreased chances of cold and flu have increased its demand
significantly over the years. Other factors supporting market growth include
increasing awareness regarding use of probiotics in food products and
beverages, and research and development for advancement. Increasing demand from
developing nations is expected provide numerous growth opportunities to the
market players during the forecast period.
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Improvement in lifestyle and increasing
disposable income, especially in the developing countries of Asia-Pacific fuels
the demand for probiotics market. Factors such as increase in per capita income
and changes in consumer behavior are expected to accelerate the adoption of probiotics in
the coming years. Consumers are increasingly becoming aware regarding their
health and taking preventive health measures, thereby promoting the adoption of
probiotics.
The different sources of probiotics
include bacteria, and yeast. In 2017, the bacteria segment accounted for the
highest market share. Use of healthy bacteria offers benefits such as enhanced
immunity, prevention of diarrhea and irritable bowel syndrome, reduced chances
of cold and flu, and increased lactase production among others. Growing
awareness and extensive research and development for further development are
expected to support market growth during the forecast period.
Competitive Landscape and Key Vendors:
Asia-Pacific generated the highest
revenue in the market in 2017, and is expected to lead the global market
throughout the forecast period. The rising geriatric population in the region,
and increasing disposable income drive the market growth. The increasing demand
of health products in the region along with increasing awareness regarding
benefits of probiotics further support market growth. The increasing demand of
probiotics for animal feed and growing demand for healthy livestock is expected
to accelerate the adoption of probiotics during the forecast period.
The well-known companies profiled in
the report include Danone, Yakult Honsha Co., Ltd., Nestle S.A., Lifeway Foods,
Inc., Ganeden, Inc., Probi AB, BioGaia AB, Danisco A/S, Nebraska Cultures,
Lallemand Inc., General Mills, Inc., and I-Health Inc. among others. These
companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements
of consumers.
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