Probiotics Market, By Distribution Channel (Supermarkets, Drugstores, Specialty Stores, and Online), By Ingredient (Bacteria, Yeast, and Others), By Application (Food & Beverage, Dietary supplements, and Feed), By End User (Human Probiotics, and Animal Probiotics) - Analysis & Forecast 2019-2030
Report ID : 162 | Published Date : May 2020 | Pages : 180 | Region : Global | Report Code : FB-16
Probiotics Market Overview and Introduction
Probiotics are also called as "good" or "helpful" bacteria and yeasts that benefit humans and animals by maintaining intestinal microbial balance and they help to restore the gut flora. Probiotic ingredients are good for digestive system and can be deliver through food or in the form of supplements. Moreover, probiotics protect healthy organisms from harmful counterparts and strengthen the human immune system.
The global probiotics market is driven by increasing popularity of probiotic dietary supplements. Which are available in form of capsules, tablets, powders, and gel. Moreover, rising awareness about probiotic products that are employed for treatment of digestive problems and neurological disorders among consumers. Also technological advancements & introduction of new cost effective products have been pivotal in contributing to the extensive growth of the global probiotics market. However, high R&D costs for developing new probiotic strains is likely to restrain the market to a certain extent.
The global probiotics market has primarily been segmented into the following categories, viz. By Distribution Channel, By Ingredient, By Application, and By End User.
Probiotics Market, By Distribution Channel
The segment of distribution channel can be majorly classified into supermarkets, drugstores, and specialty stores and online. Expansion of supermarkets especially in emerging countries is expected to create high growth prospects for probiotic manufacturers in the coming years.
Probiotics Market, By Ingredient
On the basis of ingredient the market can be segmented into bacteria, yeast and others. In terms of market share, the segment of yeast is estimated to account for the largest market share, owing to increasing demand for products like saccharomyces boulardii, a unique tropical yeast with several beneficial effects on human intestinal affect health positively.
Probiotics Market, By Application
The application segment can be majorly classified into food & beverage, dietary supplements and feed. The food & beverage segment is estimated to account for the largest share in the global probiotics market. The large share of this application segment can be attributed to the wide scale application of this product that offer distinct health benefits beyond fundamental nutrition, due to their specific ingredients. Consumers opt for probiotic dairy products such as yogurt, ice cream, and cheese to take in beneficial bacteria. Probiotic yogurt is the most common probiotic product preferred by consumers.
Probiotics Market, By End Users
Based on the end users, the probiotics market is segmented into human probiotics and animal probiotic. The human probiotics segment is estimated to account for the largest share of the global probiotics market. The large share of this segment can be attributed to treat problems of digestive tract, for treatment of diarrhea and cramps caused by antibiotics are likely to drive the growth of the segment.
Probiotics Market by Region
The global probiotics market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific dominated the market of probiotics, followed by North America and Europe. Asia Pacific will continue to dominate the global probiotics market in the forecast period owing to factors such rising disposable income and increase in demand for nutritional food products, along with the growing technology based products have led to increased demand for probiotics market in the region. However, Asia Pacific is expected to witness the highest CAGR, with growth of this market centered in China, and Japan.
Probiotics Market Prominent Players
The prominent players in the global probiotics market are Chr. Hansen, Holding A/S, Dannon Ltd., Yakult Honsha Co., Ltd., Kerry Inc., Nestle, Bifodan A/S , PROBI, DuPont., glacbiotech Co., Ltd., UAS Laboratories, among others.