The Global Market for Probiotics is Projected to Exceed US$63 Billion by 2022

Potential of Probiotics in Preventing and Treating Various Health Conditions Drive Demand, According to a New Report by Global Industry Analysts, Inc.

                                                                                                

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Probiotics market. The global market for Probiotics is projected to exceed US$63 billion by 2022, driven by effectiveness of probiotics in preventing and treating various health conditions, and surging demand for probiotic dairy products.

The human population on earth is over 7.0 billion and the microbe population within one human being is about 100 trillion. Some of these microbes cause diseases, while others are friendly and are needed for human survival in many ways including food production and decomposition. Absence of normal colonizing microbes limits both immune function and capacity to resist pathogens. Probiotics are friendly microbes that cause positive effect on the normal intestinal flora of humans and are defined as live microorganisms, similar to the microorganisms present in the gastrointestinal (GI) tract. When consumed in adequate quantities, these live bacteria are known to offer myriad health benefits for the improvement of the immunological, neurological and digestive systems. Effectiveness of probiotics in preventing and treating multiple health conditions including but not limited to lactose digestion, lipid metabolism, oxalate metabolism, inflammatory bowel diseases (IBD), ulcerative colitis, irritable bowel syndrome (IBS), eczema, atopic dermatitis, allergic rhinitis, asthma, infectious diarrhea, necrotizing enterocolitis (infants), and helicobacter pylori, among others, represent the primary factor for the strong evolution of the market and the continued popularity of probiotics in recent years.

Healthy growth is projected for the market in the coming years driven by the growing demand for probiotic food, beverage and supplement products and rising application in the animal feed sector. Increasing healthcare costs; changing demands of aging consumers that prefer preventive therapies for chronic diseases, personalized medical care, and practical solutions for various age-related concerns; along with the unabated interest in healthy living, preventive healthcare and natural therapies will continue to drive market growth. Robust demand for probiotic dairy products, particularly yogurt, supported by the intensifying gut and digestive health trend worldwide, growing popularity of functional foods and beverages, promising non-dairy applications of probiotics, myriad benefits offered by probiotics in supporting child and infant health, and growing prominence of probiotics in weight management are also expected to benefit market expansion in the coming years.

As stated by the new market research report on Probiotics, Japan, Europe and the United States represent major markets worldwide. Aging population, presence of leading probiotic manufacturers, high spending power of consumers, focus on preventive healthcare, the desire to stay healthy and maintain active lifestyles as well as the general perception of probiotics as being safe for consumption represent key growth drivers in these markets. Asia-Pacific represents the fastest growing market with a CAGR of 12.7% over the analysis period. Expanding middle class population with high disposable incomes, low per capita consumption of probiotics, aggressive retail marketing, Westernization of food habits, and robust production and consumption of functional foods and beverages represent key growth drivers in the region.

Key players covered in the report include AMUL, BioGaia AB, Bright Food (Group) Co., Ltd., China-Biotics Inc., Chobani, LLC, Chr. Hansen A/S, Groupe Danone SA, DuPont Nutrition & Health, Garden of Life LLC, General Mills, Hangzhou Wahaha Group, Kirkman, Lallemand-Institut Rosell, Lifeway Foods, Inc., Meiji Holdings Co., Ltd., Mother Dairy, Natren, Inc., Nestlé Nutrition, Probi AB, Renew-Life, Seven Seas Ltd., Valio Ltd., and Yakult Honsha Co., Ltd., among others.

The research report titled “Probiotics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Major segments analyzed in the report include Food & Beverage, Dietary Supplements, and Animal Feed. 

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