The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The North America Probiotics Market would witness market growth of 6.6% CAGR during the forecast period (2018 – 2024).
Efficient probiotic strains are a key scenario in the industry. Strains have been developed in a way wherein they can withstand harsh manufacturing processes. Coatings have been produced to protect the genetic material of strains against extreme temperatures and different pressure ranges. The overall market growth over the forecast period is expected to benefit from these trends.
The health benefits of probiotics and increased consumer perception of the same are expected to push industry growth over the next several years. Long shelf life & high probiotic product stability combined with high interest from the pharmaceutical industry due to a high profit margin on such products is expected to boost growth over the coming years.
Based on Ingredient, the market is segmented into Bacteria and Yeast. Based on Form, the market is segmented into Liquid and Dry. Based on End User, the market is segmented into Human and Animal. Based on Application, the market is segmented into Food & Beverages, Dietary Supplements and Animal Feed. Food & Beverages application segment is further bifurcated into Dairy Products, Non-Dairy Beverages, Infant Formula, Cereals, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Chr. Hansen Holding A/S, DowDuPont Inc., Yakult Honsha Co. Ltd., Nestle S.A., Danone SA, Probi, Arla Foods, Inc., Lallemand Inc., BioGaia AB, and Kerry.