The Global Probiotic market size is projected to grow with a 7.48% CAGR over the forecast period of 2018-2026. The rising demand from the food and beverage industry is one of the primary drivers for the growth of the Probiotic market.
The Probiotic market is segmented on the basis of strain types, end-users, and applications. The Probiotic market on the basis of strain types includes Lactobacillus, Streptococcus, Bifidobacterium, Yeast and Spore formers. The Probiotic market on the basis of end-user is segmented into human probiotic products and animal probiotic products. The Probiotic market on the basis of application is further segmented into food and beverage, dietary and supplements, and animal feed. The rising demand in food and beverage industry, rising health concerns among the population, huge investments in the research and development, and an upsurge in the disposable income in emerging economies are dominant drivers for the growth of the Global Probiotics market.
Asia-Pacific probiotic market is anticipated to account for the largest market share in the Global Probiotic market. The rising demand for probiotic drugs and supplements in the emerging countries in the APAC are anticipated to contribute significantly to the global probiotic market. Europe probiotic market is projected to proliferate throughout the forecast period due to technological advancements in the industry. North America is also estimated to expand at a high CAGR during the forecast period.
The leading players in the Global Probiotics market are Danone, Yakult Honsha Co Ltd, Nestle S.A., Danisco (Acquired By Dupont), Mother Dairy Fruit And Vegetables Inc, Bio Gaia Ab, Arla Food Inc., Chr. Hansen Holdings A/S, Lallemand Inc, Probi Ab, Nebraska Cultures, Lifeway Foods Inc., I-Health Inc, General Mills Inc, Ganeden and Protexin.