Albany, NY, June 8, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research Probiotic Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2014 - 2020, global probiotic market was valued at USD 58,700.3 million in 2013 and is expected to reach USD 96,046.8 million by 2020, growing at a CAGR of 7.4% from 2014 to 2020. Asia Pacific is expected to dominate the global probiotics market in terms of demand over the forecast period. Further, Asia Pacific is expected to be the most promising market for probiotics in the coming years.The global probiotics market is primarily driven by growing demand for probiotic yogurt and growing consumption of functional food and beverages. However, the restraining factor of the probiotics market is lack of standardization and high cost of probiotic-enriched products.
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Food and beverages segment held the largest market share in 2013. Probiotic food and beverages market is expected to grow at a CAGR of 7.2% from 2014 to 2020. Following food and beverages, the market for dietary supplements and animal feed are also witnessing steady growth.Asia Pacific is the market leader in the global probiotics market, growing at a CAGR of 7.1% from 2014 to 2020. Europe is the other major region where probiotic sales are increasing significantly. In Asia Pacific, Japan and China are the major market at present followed by Australia and India. Other regions are also showing steady growth. In Europe, Germany and France are the attractive markets growing at a CAGR of 6.8% and 6.6% respectively from 2014 to 2020. Presently, North America probiotics market is comparatively smaller than other regions but it is expected to grow with a high CAGR over the forecast period.
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Probi AB, BioGaia AB, Chr. Hansen A/S, Danisco, Nestlé S.A., Yakult Honsha Co. Ltd., Lifeway Foods Inc. are some of the key players operating in probiotic market globally.
This research study is specially designed to estimate and analyze the demand and performance of probiotics globally. The scope of the report covers all the major product segments of the probiotics market and provides historical data, statistically refined forecast and in-depth analysis for the segments covered.
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The research study provides detailed analysis of probiotic ingredient and probiotic product manufacturers, sales of probiotic based products and trend analysis by segments and demand by geography. The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the probiotics market as below:
Global probiotics market has been segmented as follows:
Global probiotics market, by application
- Food and beverages
- Dietary supplements
- Animal feed
Global probiotics market, by end use
- Human probiotics
- Animal probiotics
Global probiotics market, by strain types
- Spore Formers
Other Reports Published by Transparency Market Research :
- Food Emulsifier Market: http://www.transparencymarketresearch.com/food-emulsifier-market.html
- Specialty Ingredients Market: http://www.transparencymarketresearch.com/specialty-ingredients-market.html
In Addition the Report provides cross-sectional analysis of all the above segments with respect to the following geographical markets:
Global probiotics market, by geography
- Rest of Europe
- Rest of APAC
Rest of the World (RoW)
- Middle East
- Rest of RoW
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research