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Probiotics Market - Market Leader and Competitive Landscape
The global probiotics market is likely to witness a CAGR of 6.9% from 2014 to 2019. Asia-Pacific represents the largest market, followed by Europe. North America is an emerging market and has remarkable growth potential.
The probiotic product and ingredient market includes few dominant global players and several small regional players. A few of the key players include Yakult Honsha (Japan), Groupe Danone (France), and Nestle SA (Switzerland). The top three players that include the above accounted for more than 50% of the market in 2013 by market value, while the top five players accounted for more than 65% of market share.
Groupe Danone is a market leader in the probiotic product market and has a strong global presence. Yakult Honsha is a leader of both probiotic products and ingredients markets. It was the first company to manufacture a probiotic strain and use it for health benefits by making probiotic cultured drinks. Yakult is focusing on its growth through expansion of the existing capacity of the plants and establishing new plants in other countries.
Nestle’s strong brand image worldwide and its diversified product portfolio for all the products including probiotics help the company to cater to the specialized needs of customers in extensive geographical locations. The company has a strong research and development team with a significant amount of investments made every year.
Probiotics Market by Products (Functional Foods, Dietary Supplements, Specialty Nutrients, Animal Feed), Applications (Regular, Therapeutic, Preventive Health Care) & Ingredients (Lactobacilli, Bifidobacteria, Yeast) - Global Trends & Forecasts to 2019
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