Global Probiotics Market Top Competitors, Application, Price Structure

Posted by marketresearch123 on April 28th, 2021

Global Probiotics Market

The Global Probiotic Market was valued at USD 45.62 billion in 2019 which is anticipated to reach USD 78.90 billion by 2027 at a CAGR 7.66%.

Probiotics are defined as the live bacteria and yeasts which are similar to beneficial microorganisms found in the human gut that are taken as dietary supplements. The increase in awareness regarding preventive healthcare is anticipated to benefit the overall global probiotics market growth.

Market Drivers

The increase in demand for probiotics in various industries is expected to boost the global probiotics market growth during this forecast period. Furthermore, the rise in investments in research and development activities to develop efficient probiotic strains will positively influence the market growth. Also, the increase in demand for probiotic dietary supplements by consumers is expected to drive the global probiotic market growth over the forecast period. Moreover, the rise consumer awareness about value-added products will drive the market growth during this forecast timeline. In addition to that, continuous technological advancements will support the market growth.

Market Restraints

Stringent international quality standards and regulations for probiotic product is expected to hamper the global probiotics market growth. Also, high research and development costs for developing new probiotic strains will limit the global probiotic market growth.

Market Segmentation

The Global Probiotics Market is segmented into product such as Food & Beverages, Dietary Supplements, by ingredients such as Bacteria, and Yeast, by end use such as Human probiotics, and Animal Probiotics. Further, market is segmented into distribution channel such as Hypermarkets, Pharmacies, Specialty Stores, and Online Stores.

Also, global probiotics market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Some key players are discussed in this report such as Chr. Hansen, Danone, Yakult Honsha, Morinaga Milk Industry Co., Ltd ,DowDuPont, Kerry, Probi AB, Nestle, Biogaia,., and  Glac Biotech.

Market Taxonomy

By Product

  •          Food & Beverages Dietary Supplements

By Ingredients

  •          Bacteria Yeast

By End Use

  •          Human probiotics
  •          Animal Probiotics

By Distribution

  •          Channel Hypermarkets
  •          Pharmacies
  •          Specialty Stores
  •          Online Stores

By Region

  •          North America
  •          Latin America
  •          Europe Asia Pacific
  •          Middle East & Africa 

Browse Full Research Report @   https://qualiketresearch.com/reports-details/Probiotics-Market

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