The Probiotics Market Will Reach Us$35.91bn in 2016

Wednesday 14 September 2016, Amsterdam

A new report, now available on ASDReports, predicts that the world market for probiotics will reach $35.91bn in 2016. This market assessment and other forecasts appear in Probiotics Market Report 2016-2026: Forecasts by Application (Functional Food & Beverages (Yogurt, Infant Formula Milk, Fermented Milk, Other Dairy (Cheese), Non-Dairy (Breakfast Cereals, Juices, Nutrition Bars), Dietary Supplements, & Animal Feed), Probiotics by End Use (Human & Animal); Probiotics by Ingredient (Bacterial (Lactobacillus, Bifidobacterium) & Yeast; Analysis of Probiotics By Function (Regular, Preventative, Therapy (Medical Grade), Supplements, Pills, Tablets, Capsules, Plus Analysis of Human MicroBiome Research published by the key player.

The global probiotics market is driven by an increasing demand for functional probiotic foods and dietary supplements. The other major driving forces of this market is the ageing of the global population, a shift to a healthy diet, technological advancements and continuing research into the human microbiome. A fast-developing and dynamic sector, the global probiotics market offers many opportunities to food manufacturers who work in different areas, for example functional food, organic food, better-for-you food and others. The use of probiotics in animal feed is also increasing due to rising concerns about animal health and a growing consumption of meat around the world.

Low consumer awareness about the positive effects of probiotics, concerns over their safety and vague regulations are some of the factors that will restrain the development of the industry in the nearest future. However, the market will deliver a good growth rate in the next ten years because consumers are becoming more health conscious. Moreover, increasing costs of healthcare will create higher demand for preventive healthcare products, such as probiotics.

The 127 page report contains 122 tables, charts and graphs that add visual analysis in order to explain developing trends within the probiotics market. The key player provides forecasts for the period 2016-2026 in terms of value sales (US$). The global probiotics market is segmented on the basis of probiotics application into functional food & beverage, dietary supplements and animal feed. The functional food & beverage submarket is further segmented into probiotic yogurts, probiotic infant formula, other dairy probiotic products and non-dairy probiotic foods. Based on end use, the market is segmented into human and animal probiotics. Based on ingredient, the market is segmented into bacteria and yeast probiotics. The report also includes the analysis of 10 leading companies operating in the global probiotics market, covering Yakult Honsha, Danone, Nestle, Chr. Hansen, E.I. Du Pont, BioGaia Group, Nebraska Cultures, Lifeway Foods, Probi AB and General Mills.