Global Probiotics Market is expected to reach USD
52.34 billion by 2020, according to a new study by Grand View Research, Inc.
Growing consumer awareness regarding gut health has pushed the demand for
supplements and dietary products, which is expected to reflect in probiotic
consumption over the forecast period. However, the probiotics market is still
at a relatively novice stage, with lack of clarity on usage patterns among
consumers, this is expected to play a critical role in market development over
the next six years. Labeling regulations, especially in the U.S. and European
Union, are also expected to have significant impact on market growth.
Food & beverages dominated the application
market and accounted for over 80% of the total probiotics market, driven by growth
of fermented meat, dairy, bakery, breakfast cereals, fats & oils,
beverages, fish & eggs, meat, and soy products. Dietary supplements are
expected to be the fastest growing application segment, at an estimated CAGR of
7.7% from 2012 to 2020.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/probiotics-market
Global probiotics market revenue growth by application, 2012-2014 (USD Million)
Further
key findings from the study suggest:
- Probiotics for human consumption accounted for over 90% of the total market in 2013. Of late, probiotics have made significant strides in the animal feed industry and are expected to grow at an estimated CAGR of 7.6% from 2012 to 2020.
- Asia Pacific emerged as most dominant regional market, owing to the fact that the concept started in Japan, accounting for over 50% of the total market share in Asia Pacific. Asia Pacific is also expected to be the fastest growing market, at an estimated CAGR of 7.7% from 2012 to 2020.
- Probiotics market is highly fragmented, with top five participants catering to just over 35% of the total demand. Danone accounted for over 10% of the overall market share for probiotics, followed by Yakult, Nestle, Chr Hansen, and Danisco. Other notable participants include Arla Foods, BioGaia Biologics AB, General Mills Inc., Probi AB, Mnm View, Mother Dairy Food Processing, Lifeway Foods Inc., Institute Rosell, E. I. DuPont, Royal Dsm N.V, ConAgra and Nebraska Cultures Inc.
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this category @ http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
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