Albany, New York (PRWEB) August 30, 2013
According to a new market report published by Transparency Market Research “Probiotics Market (Dietary Supplements, Animal Feed, Foods & Beverages) – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 – 2018,” global probiotics demand was worth USD 27.9 billion in 2011 and is expected to reach USD 44.9 billion in 2018, growing at a CAGR of 6.8% from 2013 to 2018. Asia-Pacific and Europe dominate the global market in terms of demand, while Asia-Pacific is also expected to be the most promising market in the near future.
Browse the full report with TOC at http://www.transparencymarketresearch.com/probiotics-market.html.
The global market for probiotics is mainly driven by high demand for probiotic yogurt and growing consumption of functional food. Growing consumer awareness regarding gut health has played a key role in sustained growth of these ingredients. However, pricing issues, culture cultivation and lack of standardization of product specifications are expected to have an inhibiting effect on market growth over the next five years.
Probiotic foods & beverages are the dominant segments the global market and are expected to grow at a CAGR of 6.8% from 2013 to 2018. Probiotic demand for food & beverage segment is estimated to reach USD 37.9 billion in 2018. Following food and beverages, the market for dietary supplements and animal feed are also witnessing significant growth.
With respect to application segments, probiotics are widely used in dairy, non-dairy, cereals, baked products, fermented meat products, dry foods and others. Dairy products are the largest application market for probiotic foods. Probiotic demand for dairy products is estimated to reach USD 32.2 billion in 2018, growing at a CAGR of 6.8% from 2013 to 2018. Probiotics have also emerged as a critical part of the animal feed industry. Probiotic demand for animal feed applications is estimated to cross USD 3 billion by 2018.
Asia-Pacific is the market leader for probiotics, with an expected CAGR of 7.0% from 2013 to 2018. Europe is another key consumer of probiotic products, with consumer awareness levels much higher than compared to North America; European probiotic demand is expected to grow at a CAGR of about 6.7% from 2013 to 2018. In Asia-Pacific, China and Japan dominate the market revenue for probiotics, with India and other regions also showing significant growth. In Europe, Germany and U.K. are the most attractive markets, with expected CAGR of over 6% each from 2013 to 2018. The markets of North America and emerging countries such as Brazil also show huge potential for demand growth.
Some of the key players of the market are BioGaia Biologics AB, Danisco, Chr. Hansen A/S, Nestle SA, Probi AB, Lifeway Foods Inc. and Yakult Honsha Co. Ltd.
This report provides in-depth segmentation, analysis, estimates and forecasts for the probiotics market on a global level. The study identifies and discusses market drivers, restraints, challenges and opportunities in the global market and renders a holistic perspective of the industry, current market trends and segmentation for a better understanding of the structure of the market.
The global probiotics market has been segmented on the basis of bacteria (Lactobacillus, Streptococcus, Bifidobacterium), applications (functional foods, dietary supplements and animal feed). Geographic data has been provided for the above mentioned segmentation for North America, Europe and Asia Pacific while regional data for U.S., China, India, Germany and Brazil has also been provided with similar market segmentation.
The study has been completed using both primary and secondary research in order to estimate market size, market trends and shares. A bottom-up estimation model has been used to deduce the market size of the North America, Europe, Asia-Pacific and Rest of the World (RoW) geographies and a further validation of market numbers with key market participants and C-level executives ensures a thorough understanding of the global probiotics market. On the basis of application, the probiotics market is classified into food and beverages, dietary supplements and animal feed which are further bifurcated into segments.
The economies covered in this report are North America, Europe, Asia-Pacific and Rest of the World. This report also includes Porter’s five forces model and the market share of companies in 2012. Some of the key players of the probiotics market included in this report are BioGaia Biologics AB, Danisco, Chr. Hansen A/S, Nestle SA, Probi AB, Lifeway Foods Inc. and Yakult Honsha Co. Ltd. The report provides an overview of the above mentioned companies followed by their financial revenue, business strategies and recent developments.