Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Identifying the forces contributing toward the growth of the probiotics market, the report suggests that rising consumption of functional foods, growing awareness regarding the improvement of gut health, and efficiency of probiotic bacteria are responsible for the development of the global probiotics market. In addition, increasing awareness about the benefits of probiotics, rising demand from emerging economies, ban on the use of antibiotics in animal feed, and the application of probiotics in newer areas are likely to boost the global probiotics market over the next five years. However, absence of proper standardization in the probiotics industry has proved to be a hindrance to growth.
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The research report segments the overall market for probiotics on the basis of application, end use, strain types, and geography.On the basis of types of strain, the probiotics market is categorized into streptococcus, lactobacillus, yeast, bifidobacterium, spore formers, and others. By end use, the probiotics market is broadly bifurcated into animal probiotics and human probiotics. In terms of revenue, the segment of human probiotics held the dominant share.By application, the market for probiotics is divided into animal feed, dietary supplements, and food and beverages. In 2013, the food and beverages segment accounted for the majority of the probiotics market and this segment is anticipated to register a healthy CAGR of 7.20% by 2020.
The global probiotics market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. In 2013, Asia Pacific dominated the international probiotics market and analysts predict that this region will retain its lead throughout the forecast period growing at a 7.10% CAGR. The growth of the probiotics market in Asia Pacific can be attributed to the rising demand from China, Australia, India, and Japan. Europe is also a significant contributor toward the growth of the global probiotics market, with France registering a 6.60% CAGR and Germany expanding at a 6.80% CAGR from 2014 to 2020. Even though North America presently holds a tiny share of the global probiotics market, analysts believe that this region is likely to witness strong growth in the near future.
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Nestle S.A., Chr. Hansen, Yakult Honsha Co., Ltd., PROBI AB, Lifeway Foods, Inc., BioGaia AB, General Mills, Inc., E. I. du Pont de Nemours and Company, China-Biotics, Inc., Mother Dairy, and Groupe Danone S.A. are some of the most prominent players operating in the global probiotics market. These participants of the probiotics market are profiled in the research study on the basis of attributes such as company overview, business strategies, financial standing, and recent developments.
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
Global probiotics market, by geography
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World (RoW)
- Middle East
- Rest of RoW
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