Probiotic Market Top Key Players, Trends, Share to 2023
Added: (Thu Jun 07 2018)
Pressbox (Press Release) -
Global Probiotic Market was valued at USD 34 billion in the year 2016. Global Probiotic market is further estimated to grow at a CAGR of 7.2 % from 2016 to reach USD 52 billion by the year 2022. Asia-Pacific region holds the highest market share in 2016 and the North American market is considered a rapidly growing market in the estimated period. At a country level, China, South Korea, Japan, and Australia & New Zealand holds the notable market share in 2016, owing to the rapid development and rising healthcare awareness.
BioGaia AB (Sweden) (U.S), E. I. du Pont de Nemours and Company (U.S), Ganeden, Inc. (U.S), General Mills, Inc. (U.S), Mother Dairy Fruit & Vegetable Pvt. Ltd. (India), Nestle S.A (Switzerland), Yakult Honsha Co., Ltd. (Japan) are some of the key players in the Global Probiotic Market.
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Rapidly Increasing probiotic benefits awareness
Growing need for Healthy lifestyle
Technological advancements for better probiotic products
Government standards and regulations
Evolving demand and market in developed countries
On the basis of application, the probiotic market is segmented as Animal feed, dietary supplements, Food & Beverages, where food and beverages segment holds the largest market share among other segments in 2016 because of technological advancements and increasing prevalence of probiotic products. On the other hand, human probiotics segment by end users for this market is expected to grow at the highest CAGR during the year 2017-2022.
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Key Benefits for Stakeholders
Probiotic Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Food & Beverage
By End Users
Key Market Players
BioGaia AB (Sweden) (U.S)
- I. du Pont de Nemours and Company (U.S)
Ganeden, Inc. (U.S)
General Mills, Inc. (U.S)
Mother Dairy Fruit & Vegetable Pvt. Ltd. (India)
Nestle S.A (Switzerland)
Yakult Honsha Co., Ltd. (Japan)
Probiotics International (UK)
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