Global Probiotics Market is Expected to Reach USD 44.9 Billion in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "Probiotics Market (Dietary Supplements, Animal Feed, Foods & Beverages) - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," global probiotics demand was worth USD 27.9 billion in 2011 and is expected to reach USD 44.9 billion in 2018, growing at a CAGR of 6.8% from 2013 to 2018. Asia-Pacific and Europe dominate the global market in terms of demand, while Asia-Pacific is also expected to be the most promising market in the near future.
The global market for probiotics is mainly driven by high demand for probiotic yogurt and growing consumption of functional food. Growing consumer awareness regarding gut health has played a key role in sustained growth of these ingredients. However, pricing issues, culture cultivation and lack of standardization of product specifications are expected to have an inhibiting effect on market growth over the next five years.
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Probiotic foods & beverages are the dominant segments the global market and are expected to grow at a CAGR of 6.8% from 2013 to 2018. Probiotic demand for food & beverage segment is estimated to reach USD 37.9 billion in 2018. Following food and beverages, the market for dietary supplements and animal feed are also witnessing significant growth.
With respect to application segments, probiotics are widely used in dairy, non-dairy, cereals, baked products, fermented meat products, dry foods and others. Dairy products are the largest application market for probiotic foods. Probiotic demand for dairy products is estimated to reach USD 32.2 billion in 2018, growing at a CAGR of 6.8% from 2013 to 2018. Probiotics have also emerged as a critical part of the animal feed industry. Probiotic demand for animal feed applications is estimated to cross USD 3 billion by 2018.
Asia-Pacific is the market leader for probiotics, with an expected CAGR of 7.0% from 2013 to 2018. Europe is another key consumer of probiotic products, with consumer awareness levels much higher than compared to North America; European probiotic demand is expected to grow at a CAGR of about 6.7% from 2013 to 2018. In Asia-Pacific, China and Japan dominate the market revenue for probiotics, with India and other regions also showing significant growth. In Europe, Germany and U.K. are the most attractive markets, with expected CAGR of over 6% each from 2013 to 2018. The markets of North America and emerging countries such as Brazil also show huge potential for demand growth.
Some of the key players of the market are BioGaia Biologics AB, Danisco, Chr. Hansen A/S, Nestle SA, Probi AB, Lifeway Foods Inc. and Yakult Honsha Co. Ltd.
This research is specially designed to estimate and analyze the demand and performance of probiotics in a global scenario. The research provides in-depth analysis of probiotic ingredient and product manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments of the probiotics market and provides detailed analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the probiotics market as below:
Global probiotics market, by end use
-- Human probiotics
-- Animal probiotics
Global probiotics market, by application
-- Food and beverages
-- Dairy products
-- Non-dairy products
-- Baked food
-- Fermented meat products
-- Dry foods
-- Dietary supplements
-- Food supplements
-- Dietary supplements
-- Specialty nutrients
-- Infant formula
-- Animal feed
Global probiotics market, by bacteria
In addition the report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:
Global probiotics market, by geography
-- North America
-- Rest of the World (RoW)
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