Probiotics Market by Application (Functional Food & Beverages [Dairy Products, Non-dairy Beverages, Infant Formula, Cereals], Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, and Region Global Forecast to 2023
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Global Probiotics Market is expected to grow at a CAGR of 7.0%.
PROBIOTICS Market Key Drivers & Restraints:
The global perception toward daily food products is shifting from products providing basic nutrition to those offering several health benefits, namely, functional foods. A wide range of functional foods has been developed, including probiotics, prebiotics, and symbiotic foods. These products have changed the approach of many food industriesfrom food being considered only as a source of energy and nutrition to biologically active food components for human health. Functional foods are gaining popularity for their prevention and curing effects, beyond their nutritional value.
Key Drivers:
- Health benefits associated with probiotic-fortified foods
- Increasing popularity of probiotic dietary supplements
- Participation of international bodies in the r&d of probiotics
- Increasing global demand for superior-quality feed products
Key Restraints:
- International quality standards and regulations for probiotic products
- High R&D costs for developing new probiotic strains
- Complexities in Integrating Probiotics in Functional Foods
- Significant operating cost
Top Probiotic Bacteria:
Bacteria accounted for the largest share of more than 90% in the probiotics market, as they are the most used as a probiotic strain. Bacterial helps in maintaining an optimal balance in the microflora present in the gut. Bacterial probiotic strains help prevent viral respiratory tract infections, treat obesity, and type 2 diabetes. Bacterial strains also help in preventing cardiovascular diseases by reducing cholesterol level in the body. They are used in functional food including dairy product, yoghurt, cheese, and other products. Europe and Asia Pacific are the dominant markets accounting for more than 60% share in the global markets.
- Lactobacilli
- Lactobacilli Acidophilus
- Lactobacillus Rhamnosus
- Lactobacillus Casei
- Lactobacillus Reuteri
- Bifidobacterium
- Bifidobacterium anamilis
- Bifidobacterium infantis
- Bifidobacterium lactis
- Bifidobacterium longum
- Streptococcus Thermophilus
Top 10 players in Probiotics Industry:
Agreements, collaborations, joint ventures, and partnerships alongside product launches accounted for the largest of the share of the strategic developments in this segment. These strategies are being actively adopted by the major players to acquire more customers and to attain geographical expansion in the probiotic ingredients market with major players accounting for dominant share.
- Chr. Hansen
- Kerry
- DuPont
- Lallemand
- GLAC Biotech
- Bifodan
- Danone
- Yakult Honsha
- Nestle
- General Mills
[169 Pages Report] The probiotics market is estimated at USD 49.4 Billion in 2018 and projected to grow at a CAGR of 7.0%, to reach USD 69.3 billion by 2023. The growth of the market is driven by factors such as health benefits associated with probiotic-fortified foods and technological advancements in probiotic products. Key drivers for the markets growth are the increasing use of high nutritional content in foods due to increasing consumer awareness about healthy diets. An Asian countries, particularly in Japan, the increase in the aging population is a lucrative opportunity for the sale of probiotic supplements in the region. One of the major restraints in the growth of the market is the international quality standards, regulations for probiotic products, and the high R&D costs for developing new probiotic strains.
Yeast is projected to be the fastest growing ingredients segment of probiotics.
Based on ingredients, the yeast segment is projected to be the fastest-growing during the forecast period. The increasing demand for products incorporating Saccharomyces boulardii, a unique tropical yeast with several beneficial, effects on human intestinal health positively. Increasing awareness about the health benefits of probiotics has driven the consumption of probiotic yogurts in developing countries such as China, Brazil, and India. In Japan, a variety of probiotic-containing products are available in supermarkets, ranging from fortified drinks to candies containing strains from the Lactobacillus and Bifidobacterium genera.
The food & beverages application segment for probiotics is estimated to account for the largest share in 2018.
Based on application, the food & beverages segment is estimated to account for the largest share in the probiotics market in 2018. The products under this category include foods & beverages that offer distinct health benefits beyond fundamental nutrition, due to their specific ingredients. The food & beverages segment is the largest revenue-earning market across regions.
Liquid probiotics are expected to dominate the global market.
The demand for liquid probiotics has increased as compared to dry probiotics, due to its application in yogurt, which is the most popular source of probiotics. Other products that use liquid probiotics include kefir water, probiotic juices, and yogurt-based drinks, which are healthy options for daily supplementation.
Asia Pacific is projected to be the fastest growing region in the probiotic market.
The Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to the rising in disposable income and the increase in demand for nutritional food products, along with the growing technology base, leading to the increased demand for probiotics in the region. The rapid economic growth in countries such as China, Japan, Brazil, and Argentina have led to a significant increase in the disposable incomes of livestock owners. This, in turn, is driving the demand for probiotic-based food, making the Asia Pacific the fastest-growing market globally.
Market Dynamics
Health benefits associated with probiotics fortified food is a major driver for the market
Health awareness among consumers is on the rise and most consumers are constantly in search of healthy food products for consumption. Probiotics have proven strong benefits related to health, more specifically to the human digestive system.
Probiotics are found in supplement form or as components of foods & beverages. Their integration with inexpensive health foods, such as yogurt, fruit juices, and cultured dairy drinks has contributed to a significant market size. The most commonly used bacteria include Bifidobacteria and Lactobacilli, which are found in various dairy products, including yogurt. In the dairy category, yogurt is the most popular option for consumption of probiotics. Manufacturers are coming up with a variety of options in the yogurt category; for instance, in 2013, Chobani, LLC (US) introduced a line of Greek yogurt in the US market, which has now become one of the leading brands across North America.
Replacement of pharmaceutical agents provides a major opportunity for probiotics.
The increasing demand for probiotics has shown that customers are preferring products with proven benefits. The increased evidence of health benefits associated with probiotics for health restoration has increased the customer expectations related to probiotics for health curing functions. This inclination toward a safe, natural, and cost-effective substitute for drugs has led the application of probiotics as pharmaceutical agents. Beneficial effects of probiotics as pharmaceutical agents seem to be strain- and dose-dependent. Clinical trials have displayed that probiotics may cure certain disorders or diseases in humans, especially those related to the gastrointestinal tract
High R&D costs for developing new probiotic strains is a major restraint for the probiotics market
Substantial investments in R&D activities and investments in laboratories, research equipment, and high cost of hiring trained professionals create barriers for the development of the probiotic market. The scientific validation regarding the usage of probiotics in their applications becomes a success to this market. Probiotics applications are linked with health benefits, which make it challenging for manufacturers to get an adequate return on investments on high initial investments.
Probiotic strains and products are developed and produced as per the international food regulations. Due to the high cost of production, the cost of the final product is also high. Marketing and distribution of these products also add to the product price, as they require different packaging and distribution channels as compared to common products. Though consumers are aware of the health benefits of probiotics, their high prices are restraining them from buying the product, which is a challenge for manufacturers.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
2016-2023 |
|
Base year considered |
2017 |
|
Forecast period |
2018-2023 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Ingredients, Application, End user, Form, Distribution Channel, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, and Rest of World (RoW) |
|
Companies covered |
DowDuPont (US), Danone (France), Chr. Hansen (Denmark), Yakult Honsha (Japan), and Nestle (Switzerland) |
Recent Developments:
- In June 2018, Chr. Hansen expanded its product strain library for the development of next-generation probiotics.
- In August 2017, DuPont expanded its probiotic facility in Madison, Wisconsin, US. The company made an investment of USD 10 million. The motive behind the expansion was to further expand its presence in the probiotics market.
- In October 2017, Kerry acquired the US-based probiotics player Ganeden. The company entered into the probiotics business through this acquisition.
Key Questions Addressed by the Report:
- What are the growth opportunities in the probiotics market?
- What are the major ingredients of probiotics?
- What are the key factors affecting market dynamics?
- What are some of the major challenges and restraints that the industry faces?
- Which are the key players operating in the market and what initiatives have they undertaken over the past few years?
Frequently Asked Questions (FAQ):
Can you provide us historic data for probiotics market?
Yes, MnM can provide historic data for the market. Please provide further details about:
- Focused segments
- Targeted historic years
Does end use industry covers probiotic products?
End use industry in the report covers probiotic ingredient market size for mentioned end use applications such as:
- Functional Food & Beverages
- Dairy Products
- Non-dairy Beverages
- Infant Formula
- Cereals
- Others
Can you provide the data for countries in South America?
Yes, market sizing for countries in South America can be provided.
- South America probiotics market:
- Brazil
- Argentina
- Rest of South America
Can you provide market share analysis of key players in probiotics market?
Yes, we can provide company ranking/market size analysis of key players. Is there any specific companies that you like to focus on?
- Market share analysis (current year)
- Market ranking analysis (current year)
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table Of Contents
1 Introduction (Page No. - 17)
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities In The Market
4.2 Probiotics Market Size, By Region
4.3 Market, By Application, 20182023
4.4 Market Share, By Form, 2018 vs. 2023
4.5 Market, By End User, 20182023
4.6 Probiotic Market, By Ingredient, 2017
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Health Benefits Associated With Probiotic-Fortified Foods
5.2.1.2 Increasing Popularity Of Probiotic Dietary Supplements
5.2.1.3 Participation Of International Bodies in the R&D Of Probiotic Products
5.2.1.4 Rising Health Consciousness Among Consumers
5.2.1.5 Technological Advancements in Probiotic Products
5.2.2 Restraints
5.2.2.1 International Quality Standards And Regulations For Probiotic Products
5.2.2.2 High R&D Costs For Developing New Probiotic Strains
5.2.3 Opportunities
5.2.3.1 Probiotics Can Replace Pharmaceutical Agents
5.2.3.2 Ban On The Use Of AGPS(Antibiotic Growth Promoters) in Feed in the EU
5.2.3.3 Increase in Demand For Probiotics in Developed Economies
5.2.3.4 Rising Consumer Awareness About Value-Added Products
5.2.4 Challenges
5.2.4.1 Complexities in Integrating Probiotics in Functional Foods
6 Industry Trends (Page No. - 42)
6.1 Introduction
6.2 Supply Chain
6.3 Porters Five Forces Analysis
6.4 Patent Analysis
7 Probiotics Market, By Distribution Channel (Page No. - 46)
7.1 Introduction
7.1.1 Hypermarkets/Supermarkets
7.1.1.1 Expansion Of Supermarkets, Especially in the Asia Pacific Region, is Expected to Create High Growth Prospects For Probiotic Manufacturers in the Coming Years
7.1.2 Pharmacies/Drugstores
7.1.2.1 In The Us, The Demand For Dietary Supplements is Expected to Increase Amidst the Rise in The Number of Old Age Population
7.1.3 Specialty Stores
7.1.3.1 Specialty Stores Provide A Variety of Probiotic Dietary Supplements Under One Roof. One Such Example is Nutrilite Digestive Probiotic Offered By Amway (US)
7.1.4 Online
7.1.4.1 Consumers are Shifting Toward Online Food Shopping Trend. Although This Trend is Still At A Nascent Stage When Compared To Online Clothes Shopping, It is Expected To Gain Consumer Interest in The Coming Years
8 Probiotics Market, By Ingredient (Page No. - 48)
8.1 Introduction
8.2 Bacteria
8.2.1 The Most Widely Consumed Bacteria Strains are Lactobacilli, Bifidobacteria, And Streptococcus Thermophilusthermophilus, Among Others (Enterococcus, Bacillus, And Pediococcus).
8.2.2 Lactobacilli
8.2.2.1 Lactobacillus Acidophilus
8.2.2.2 Lactobacillus Rhamnosus
8.2.2.3 Lactobacillus Casei
8.2.2.4 Lactobacillus Reuteri
8.2.3 Bifidobacterium
8.2.4 Streptococcus Thermophilus
8.3 Yeast
8.3.1 Probiotics are Microscopic Fungi Such as Strains Of Yeasts Belonging To Saccharomyces Cerevisiae Species. Living Microorganisms are Widely Used For Several Therapeutic Purposes, And Their Beneficial Effects are Well Known
8.3.2 Saccharomyces Boulardii
8.3.3 Others
9 Probiotics Market, By Application (Page No. - 59)
9.1 Introduction
9.2 Functional Food & Beverages
9.2.1 Dairy Products
9.2.1.1 Probiotics Have Conventionally Been Included In Dairy Products, Due To Their Compatibility With Dairy Ingredients
9.2.2 Non-Dairy Beverages
9.2.2.1 The Trend In The Us Functional Food Market is Changing, as Most Of The Consumers Prefer Non-Dairy Probiotic Beverages
9.2.3 Infant Formula
9.2.3.1 A Wide Range Of Infant Formulas That are Fortified With Probiotics is Widely Being Introduced In The Global Market
9.2.4 Cereals
9.2.4.1 The Global Market For Ready-To-Eat Cereals is Saturated In The Western Countries, And So The Potential Developing Countries Influenced By Western Eating Habits are Now Considered By The Leading Companies
9.2.5 Others
9.3 Dietary Supplements
9.3.1 People Consume Dietary Supplements When They are Unable To Fulfill The Essential Nutrient Requirements Through Their Daily Diet. Dietary Supplements are One Of The Key Probiotic Applications
9.4 Feed
9.4.1 The Market For Probiotics in Animal Feed is Highly Affected By The Reduced Reliance On Therapeutic Antibiotics To Retain The Antibiotic Efficacy; This is Accompanied By The Increased Demand For Quality Animal Products
10 Probiotics Market, By End User (Page No. - 70)
10.1 Introduction
10.2 Human
10.2.1 Popular Sources Of Probiotics Include Yogurt, Beverages Such as Fermented Milk & Juices, And Probiotic Supplements
10.3 Animal
10.3.1 Factors Driving The Animal Segment in The Probiotics Market Include The Ban on Synthetic Antimicrobial Growth Promoters (Agps) in Europe in 2006 74
11 Probiotics Market, By Form (Page No. - 75)
11.1 Introduction
11.2 Liquid
11.2.1 The Demand For Liquid Probiotics is Larger When Compared To Dry Probiotics, Owing to Its Application in Yogurt, Which is the Most Popular Source Of Probiotics.
11.3 Dry
11.3.1 Dry Probiotics are Popular in Dietary Supplements And Animal Feed Space. Dry Probiotic Products are Mostly Used For Animal Feed Such as Cattle, Swine, And Poultry Feed
12 Probiotics Market, By Region (Page No. - 80)
12.1 Introduction
12.2 North America
12.2.1 Us
12.2.1.1 In The Us, Health Practitioners And Gastroenterologists Have Encouraged the Use Of Probiotics To Improve Digestive Health Over the Past Few Years
12.2.2 Canada
12.2.2.1 The Rise in Health Awareness Among Canadian Consumers has Changed Their Diet Patterns To Incorporate Functional Foods Such as Probiotic Yogurt in Their Daily Diets
12.2.3 Mexico
12.2.3.1 A Large Number Of Consumers in Mexico are Still Unaware of the Benefits Offered By Probiotics, Which is Restricting the Growth Potential of the Market in the Country
12.3 Asia Pacific
12.3.1 China
12.3.1.1 A Majority Of Chinas Population Suffers From Lactose Intolerance, Which Led To An Increase in Demand For Alternate Sources Such as Probiotic Fortified Yogurt
12.3.2 Japan
12.3.2.1 Digestive Well-Being has Been A Matter Of Focus in The Country as A Result Of Its Rapidly Aging Population
12.3.3 South Korea
12.3.3.1 South Korea has Witnessed A Rise in the Number Of Health-Conscious Consumers Who are Turning Toward Dietary Supplements to Improve Their Digestive System and General Wellness
12.3.4 Australia & New Zealand
12.3.4.1 Probiotic Manufacturers are Expected To Gain Lucrative Opportunity in The Animal Feed Space in The Country
12.3.5 Rest Of Asia Pacific
12.4 Europe
12.4.1 Russia
12.4.1.1 In Russia, Most of the Demand for Probiotics is Constituted By Bifidobacterium
12.4.2 UK
12.4.2.1 The Inclination Toward A Healthy Diet, Demand For Dietary Ingredients, and Increasing Awareness are Driving The Probiotics Market in The Country
12.4.3 Italy
12.4.3.1 In Italy, Consumers are Becoming More Proactive With Regard to Their Long-Term Health. They are Looking for Food & Beverage Products Enriched With Health Beneficial Ingredients
12.4.4 Germany
12.4.4.1 Consumers Prefer Functional Foods to Overcome Health Issues
12.4.5 Spain
12.4.5.1 Spain is One Of The Key Producers of Poultry Meat, Which Includes Broilers, Turkeys, And Ducks.
12.4.6 Rest Of Europe
12.5 Rest Of The World (RoW)
12.5.1 South America
12.5.1.1 Probiotic Yogurt is Popular in South American Countries, as It is Sold on the Basis Of Health Claims That it Prevents Slow Intestinal Transit
12.5.2 Middle East & Africa
12.5.2.1 The Middle East is An Emerging Region, Comprising The High-Spending Population Due To Its Rising Middle-Class Population, Coupled With Its Industrial Growth
13 Competitive Landscape (Page No. - 109)
13.1 Overview
13.2 Competitive Leadership Mapping, 2017
13.2.1 Visionary Leaders
13.2.2 Dynamic Differentiators
13.2.3 Innovators
13.2.4 Emerging Companies
13.3 Expansions And Investments
13.4 Mergers And Acquisitions
13.5 Agreements, Collaborations, Joint Ventures, And Partnerships
13.6 New Product Launches
14 Company Profiles (Page No. - 119)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
14.1 Chr. Hansen
14.2 Danone
14.3 Yakult Honsha
14.4 DowDuPont
14.5 Kerry
14.6 Probi AB
14.7 Nestle
14.8 Biogaia
14.9 Morinaga Milk Industry Co., Ltd.
14.1 Glac Biotech
14.11 Bifodan A/S
14.12 Lallemand
14.13 General Mills
14.14 Uas Laboratories
14.15 Archer Daniels Midland Company (ADM)
*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis & MnM View Might Not Be Captured in Case Of Unlisted Companies.
15 Appendix (Page No. - 162)
15.1 Discussion Guide
15.2 Knowledge Store: MarketsandMarkets Subscription Portal
15.3 Available Customizations
15.4 Related Reports
15.5 Author Details
List of Tables (148 Tables)
Table 1 USD Exchange Rates Considered, 20132017
Table 2 Diversity of Probiotics
Table 3 Health Benefits of Probiotic Microorganisms
Table 4 Probiotic Market Size, By Distribution Channel, 20162023 (USD Billion)
Table 5 Hypermarkets/Supermarkets: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 6 Pharmacies/Drugstores: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 7 Specialty Stores: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 8 Online: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 9 Probiotics Market Size, By Ingredient, 20162023 (USD Billion)
Table 10 Bacteria: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 11 Beneficial Effects of Yeast
Table 12 Yeast: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 13 Probiotics Market Size, By Application, 20162023 (USD Billion)
Table 14 Functional Food & Beverages: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 15 Functional Food & Beverages: Probiotics Market Size, By Product, 20162023 (USD Billion)
Table 16 Dairy Products: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 17 Non-Dairy Beverages: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 18 Infant Formula: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 19 Cereals: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 20 Other Products: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 21 Dietary Supplements: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 22 Feed: Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 23 Probiotics Market Size, By End-Use, 20162023 (USD Billion)
Table 24 Human Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 25 Animal Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 26 Probiotics Market Size, By Form, 20162023 (USD Billion)
Table 27 Liquid Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 28 Dry Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 29 Probiotics Market Size, By Region, 20162023 (USD Billion)
Table 30 North America: Probiotic Ingredients Market Size, By Country, 20162023 (USD Billion)
Table 31 North America: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Billion)
Table 32 North America: Probiotics Market Size, By Application, 20162023 (USD Billion)
Table 33 North America: Market Size, By End User, 20162023 (USD Billion)
Table 34 North America: Market Size, By Form, 20162023 (USD Billion)
Table 35 North America: Market Size, By Ingredient, 20162023 (USD Billion)
Table 36 North America: Market Size in Functional Food & Beverages, By Country, 20162023 (USD Million)
Table 37 North America: Market Size in Dietary Supplements, By Country, 20162023 (USD Million)
Table 38 North America: Market Size in Feed, By Country, 20162023 (USD Million)
Table 39 US: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 40 US: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 41 US: Market Size, By End User, 20162023 (USD Million)
Table 42 US: Market Size, By Form, 20162023 (USD Million)
Table 43 US: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 44 Canada: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 45 Canada: Market Size, By End User, 20162023 (USD Million)
Table 46 Canada: Market Size, By Form, 20162023 (USD Million)
Table 47 Canada: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 48 Mexico: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 49 Mexico: Market Size, By End User, 20162023 (USD Million)
Table 50 Mexico: Market Size, By Form, 20162023 (USD Million)
Table 51 Mexico: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 52 Asia Pacific Probiotics Market Size, By Country, 20162023 (USD Billion)
Table 53 Asia Pacific: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Billion)
Table 54 Asia Pacific: Probiotics Market Size, By Ingredient, 20162023 (USD Billion)
Table 55 Asia Pacific: Market Size, By Application, 20162023 (USD Billion)
Table 56 Asia Pacific: Market Size in Functional Food & Beverages, By Product, 20162023 (USD Billion)
Table 57 Asia Pacific: Market Size, By Form, 20162023 (USD Billion)
Table 58 Asia Pacific: Probiotics Market Size, By End User, 20162023 (USD Billion)
Table 59 China: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 60 China: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 61 China: Market Size, By End User, 20162023 (USD Million)
Table 62 China: Market Size, By Form, 20162023 (USD Million)
Table 63 China: Market Size, By Ingredient, 20162023 (USD Million)
Table 64 Japan: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 65 Japan: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 66 Japan: Market Size, By End User, 20162023 (USD Million)
Table 67 Japan: Market Size, By Form, 20162023 (USD Million)
Table 68 Japan: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 69 India: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 70 India: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 71 India: Market Size, By End User, 20162023 (USD Million)
Table 72 India: Market Size, By Form, 20162023 (USD Million)
Table 73 India: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 74 South Korea: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 75 South Korea: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 76 South Korea: Market Size, By End User, 20162023 (USD Million)
Table 77 South Korea: Market Size, By Form, 20162023 (USD Million)
Table 78 South Korea: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 79 Australia & New Zealand: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 80 Australia & New Zealand: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 81 Australia & New Zealand: Market Size, By End User, 20162023 (USD Million)
Table 82 Australia & New Zealand: Market Size, By Form, 20162023 (USD Million)
Table 83 Australia & New Zealand: Market Size, By Ingredient, 20162023 (USD Million)
Table 84 Rest of Asia Pacific: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 85 Rest of Asia Pacific: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 86 Rest of Asia Pacific: Market Size, By End User, 20162023 (USD Million)
Table 87 Rest of Asia Pacific: Market Size, By Form, 20162023 (USD Million)
Table 88 Rest of Asia Pacific: Market Size, By Ingredient, 20162023 (USD Million)
Table 89 Europe: Probiotics Market Size, By Country, 20162023 (USD Billion)
Table 90 Europe: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Billion)
Table 91 Europe: Probiotics Market Size, By Ingredient, 20162023 (USD Billion)
Table 92 Europe: Market Size, By Form, 20162023 (USD Billion)
Table 93 Europe: Market Size, By Application, 20162023 (USD Billion)
Table 94 Europe: Probiotics Market Size For Functional Food & Beverages, By Product, 20162023 (USD Billion)
Table 95 Europe: Probiotics Market Size, By End-User, 20162023 (USD Billion)
Table 96 Russia: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 97 Russia: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 98 Russia: Market Size, By End User, 20162023 (USD Million)
Table 99 Russia: Market Size, By Form, 20162023 (USD Million)
Table 100 Russia: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 101 UK: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 102 UK: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 103 UK: Market Size, By End User, 20162023 (USD Million)
Table 104 UK: Market Size, By Form, 20162023 (USD Million)
Table 105 UK: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 106 Italy: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 107 Italy: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 108 Italy: Market Size, By End User, 20162023 (USD Million)
Table 109 Italy: Market Size, By Form, 20162023 (USD Million)
Table 110 Italy: Market Size, By Ingredient, 20162023 (USD Million)
Table 111 Germany: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 112 Germany: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 113 Germany: Market Size, By End User, 20162023 (USD Million)
Table 114 Germany: Market Size, By Form, 20162023 (USD Million)
Table 115 Germany: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 116 Spain: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 117 Spain: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 118 Spain: Market Size, By End User, 20162023 (USD Million)
Table 119 Spain: Market Size, By Form, 20162023 (USD Million)
Table 120 Spain: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 121 Rest of Europe: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 122 Rest of Europe: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 123 Rest of Europe: Market Size, By End User, 20162023 (USD Million)
Table 124 Rest of Europe: Market Size, By Form, 20162023 (USD Million)
Table 125 Rest of Europe: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 126 RoW: Probiotic Ingredients Market Size, By Region, 20162023 (USD Billion)
Table 127 RoW: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Billion)
Table 128 RoW: Probiotics Market Size, By Application, 20162023 (USD Billion)
Table 129 RoW: Market Size, By End User, 20162023 (USD Billion)
Table 130 RoW: Market Size, By Form, 20162023 (USD Billion)
Table 131 RoW: Market Size, By Ingredient, 20162023 (USD Billion)
Table 132 RoW: Probiotic Market Size in Functional Food & Beverages, By Region, 20162023 (USD Million)
Table 133 RoW: Probiotics Market Size in Dietary Supplements, By Region, 20162023 (USD Million)
Table 134 RoW: Market Size in Feed, By Region, 20162023 (USD Million)
Table 135 South America: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 136 South America: Probiotics Market Size, By Application, 20162023 (USD Million)
Table 137 South America: Market Size, By End User, 20162023 (USD Million)
Table 138 South America: Market Size, By Form, 20162023 (USD Million)
Table 139 South America: Probiotics Market Size, By Ingredient, 20162023 (USD Million)
Table 140 Middle East & Africa: Probiotic Ingredients Market Size, By Distribution Channel, 20162023 (USD Million)
Table 141 Middle East & Africa: Probiotic Market Size, By Application, 20162023 (USD Million)
Table 142 Middle East & Africa: Market Size, By End User, 20162023 (USD Million)
Table 143 Middle East & Africa: Market Size, By Form, 20162023 (USD Million)
Table 144 Middle East & Africa: Market Size, By Ingredient, 20162023 (USD Million)
Table 145 Expansions And Investments, 20132018
Table 146 Mergers and Acquisitions, 20152017
Table 147 Agreements, Collaborations, Joint Ventures, and Partnerships, 20142018
Table 148 New Product Launches, 20132017
List of Figures (54 Figures)
Figure 1 Probiotics Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Probiotics Market: Research Design
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Functional Food & Beverages Segment To Dominate The Probiotics Market, By Application, 2018 vs. 2023 (USD Billion)
Figure 9 Human Segment To Dominate The Probiotics Market, By End User, 2018 vs. 2023 (USD Billion)
Figure 10 Liquid Segment To Dominate The Probiotics Market, By Form, 2018 vs. 2023 (USD Billion)
Figure 11 Bacteria Segment To Dominate The Probiotics Market, By Ingredient, 2018 vs. 2023 (USD Billion)
Figure 12 Asia Pacific To Be The Largest Region in The Probiotics Market, 20182023
Figure 13 Benefits Associated With Probiotics Fuel Its Market Demand
Figure 14 Probiotics Market Size, By Region, 2018 vs. 2023 (USD Billion)
Figure 15 Functional Food & Beverages Segment To Account for The Largest Market Size Through 2023
Figure 16 Liquid Segment To Dominate The Probiotics Market, 2018 vs. 2023
Figure 17 Human Segment is Expected To Dominate The Probiotics Market From 2018 To 2023
Figure 18 Bacteria Segment Dominated The Probiotics Market in 2017
Figure 19 Global Yogurt Market, 20132017
Figure 20 Global Dietary Supplements Demand Forecast, 2016 vs. 2021
Figure 21 Strain Development and Distribution Phase Plays A Vital Role in The Value Addition Of The Supply Chain for Probiotics
Figure 22 Porters Five Forces Analysis: Development and Launch Of New Products Have Intensified Industrial Rivalry
Figure 23 Probiotics Market Size, By Ingredient, 2018 vs. 2023 (USD Billion)
Figure 24 Global Probiotics Market Size, 2018 vs. 2023 (USD Billion)
Figure 25 Probiotics Market Size in Functional Foods & Beverages, By Region, 2018 vs. 2023 (USD Billion)
Figure 26 Global Poultry Production, 2016-2018 (Million Metric Tons)
Figure 27 Human Probiotics Projected To Dominate The Probiotics Market From 2018 To 2023 (USD Billion)
Figure 28 Batch Process Of Production Of Liquid & Dry Probiotics
Figure 29 Liquid Probiotics To Dominate The Market From 2018 To 2023 (USD Billion)
Figure 30 Geographic Snapshot (20182023): Rapidly Growing Asia Pacific Countries are Emerging as New Hotspots
Figure 31 North America: Market Snapshot
Figure 32 Asia Pacific: Market Snapshot
Figure 33 Europe : Market Snapshot
Figure 34 Probiotics Market, Competitive Leadership Mapping, 2017
Figure 35 Probiotics Market, Competitive Leadership Mapping, 2017 for Start-Ups
Figure 36 Probiotic Market Ranking, 2017
Figure 37 Expansions & Investments: The Key Strategy, 20132018
Figure 38 Annual Developments in The Probiotic Market, 20132018
Figure 39 Chr. Hansen: Company Snapshot
Figure 40 Chr. Hansen: Swot Analysis
Figure 41 Danone: Company Snapshot
Figure 42 Danone: SWOT Analysis
Figure 43 Yakult Honsha: Company Snapshot
Figure 44 Yakult: Swot Analysis
Figure 45 DowDuPont: Company Snapshot
Figure 46 DowDuPont: Swot Analysis
Figure 47 Kerry: Company Snapshot
Figure 48 Kerry: Swot Analysis
Figure 49 Probi AB: Company Snapshot
Figure 50 Nestle: Company Snapshot
Figure 51 Biogaia: Company Snapshot
Figure 52 Morinaga Milk Industry Co., Ltd.: Company Snapshot
Figure 53 General Mills: Company Snapshot
Figure 54 Archer Daniels Midland Company (ADM): Company Snapshot
The study involves four major activities to estimate the current market size for probiotics. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market size was validated with industry experts across value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
The probiotics market comprises several stakeholders such as technology providers and research labs, biotechnological companies, genetic solution providers, livestock breeders, public and private research institutions, agencies, and laboratories and commercial stains manufacturers. The demand-side of this market is characterized by the rising demand for high nutritional content in food. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the total size of the probiotics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology was used to estimate the market size includes the following:
The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained abovethe market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the food and beverage industry.
Report Objectives
- To define, segment, and project the global market size for probiotics
- To understand the structure of the probiotics market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, collaboration, partnership, joint ventures, and agreements
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports as per the clients specific requirements. The available customization options are as follows:
Product Analysis
- Further segmentation of applications of probiotics
- Detailed analysis at volume level can also be provided
Regional Analysis
- Further breakdown of the Rest of Asia Pacific probiotics market, by country
- Further breakdown of other countries in the probiotics market, by key country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Probiotics Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Probiotics Market