The global Probiotics market was valued at USD 41,030.2 million in 2017 and is anticipated to grow at a CAGR of 7.4% during the forecast period. Probiotics are live micro-organisms that offer health benefits. Probiotics are found in food products, dietary supplements, and skin creams among others. The different kind of probiotics includes Lactobacillus, Bifidobacterium, and Saccharomyces boulardii among others. Probiotics are primarily used to treat irritable bowel syndrome, inflammatory bowel disease, infectious diarrhea, and antibiotic-related diarrhea among others. Probiotics also offer benefits such as enhanced digestion, stronger immune system, healthier skin, increased energy from production of vitamin B12, decreased chances of cold and flu, and weight loss among others.
The increasing geriatric population and rising health concerns drive the growth of the market. There has been increasing awareness among consumers regarding the benefits of probiotics, supplementing the growth of the market. Increasing consumption of functional foods, and technological advancement in probiotic products also accelerate the market growth. Other factors driving the market include improving lifestyles, and increasing disposable income, especially in the emerging economies of Asia-Pacific. Growing demand from emerging economies, increasing consumer awareness, rising adoption of natural products, and increasing concerns regarding preventive healthcare are factors expected to provide numerous growth opportunities in the coming years.
The global Probiotics market is segmented on the basis of source, application, end-user, and region. Based on source, the market is segmented into bacteria, and yeast. On the basis of application, the market is segmented into functional food & beverages, dietary supplements, and animal feed. The end-user segment is divided into human probiotics, and animal probiotics. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. Asia-Pacific accounted for the largest share in the Global Probiotics market in 2017.
The leading players in the market include Danone, Yakult Honsha Co., Ltd., Nestle S.A., Lifeway Foods, Inc., Ganeden, Inc., Probi AB, BioGaia AB, Danisco A/S, Nebraska Cultures, Lallemand Inc., General Mills, Inc., and I-Health Inc. among others. These leading players in the market are introducing innovative products to cater to the changing demands of consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.