Probiotics Market to Reach US$96 Billion by 2020, Rising Concerns Regarding Healthcare to Fuel Market Growth - Transparency Market Research

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Jan 12, 2016, 10:30 ET

ALBANY, New York, January 12, 2016 /PRNewswire/ --

Transparency Market Research announces the release of the latest report on the global probiotics market. The study, titled "Probiotic Market - Global Industry Analysis, Size, Share, Growth and Forecast 2014-2020", indicates that registering a strong CAGR of 7.40% from 2014 to 2020, the global market for probiotics is poised to grow from US$62.6 billion in 2014 to US$96 billion in 2020.

Identifying the forces contributing toward the growth of the probiotics market, the report suggests that rising consumption of functional foods, growing awareness regarding the improvement of gut health, and efficiency of probiotic bacteria are responsible for the development of the global probiotics market. In addition, increasing awareness about the benefits of probiotics, rising demand from emerging economies, ban on the use of antibiotics in animal feed, and the application of probiotics in newer areas are likely to boost the global probiotics market over the next five years. However, absence of proper standardization in the probiotics industry has proved to be a hindrance to growth.

Browse Industry Research Report: http://www.transparencymarketresearch.com/probiotics-market.html

The research report segments the overall market for probiotics on the basis of application, end use, strain types, and geography. On the basis of types of strain, the probiotics market is categorized into streptococcus, lactobacillus, yeast, bifidobacterium, spore formers, and others. By end use, the probiotics market is broadly bifurcated into animal probiotics and human probiotics. In terms of revenue, the segment of human probiotics held the dominant share. By application, the market for probiotics is divided into animal feed, dietary supplements, and food and beverages. In 2013, the food and beverages segment accounted for the majority of the probiotics market and this segment is anticipated to register a healthy CAGR of 7.20% by 2020.

Get Sample Report, Segments or Table of table of Contents as per your Requirements: http://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=386

The global probiotics market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. In 2013, Asia Pacific dominated the international probiotics market and analysts predict that this region will retain its lead throughout the forecast period growing at a 7.10% CAGR. The growth of the probiotics market in Asia Pacific can be attributed to the rising demand from China, Australia, India, and Japan. Europe is also a significant contributor toward the growth of the global probiotics market, with France registering a 6.60% CAGR and Germany expanding at a 6.80% CAGR from 2014 to 2020. Even though North America presently holds a tiny share of the global probiotics market, analysts believe that this region is likely to witness strong growth in the near future.

Browse Research Article on Probiotics: http://www.transparencymarketresearch.com/article/probiotics-market.htm

Nestle S.A., Chr. Hansen, Yakult Honsha Co., Ltd., PROBI AB, Lifeway Foods, Inc., BioGaia AB, General Mills, Inc., E. I. du Pont de Nemours and Company, China-Biotics, Inc., Mother Dairy, and Groupe Danone S.A. are some of the most prominent players operating in the global probiotics market. These participants of the probiotics market are profiled in the research study on the basis of attributes such as company overview, business strategies, financial standing, and recent developments.

Global probiotics market, by application

Food and beverages
Dietary supplements
Animal feed

Global probiotics market, by end use

Human probiotics
Animal probiotics

Global probiotics market, by strain types

Lactobacillus
Streptococcus
Bifidobacterium
Yeast
Spore Formers
Others

Global probiotics market, by geography

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Australia
Rest of Asia-Pacific

Rest of the World (RoW)

Brazil
Middle East
Rest of RoW

Browse Other Research Reports:

Animal Feed Additives Market: http://www.transparencymarketresearch.com/animal-feed-additives-market.html

Prebiotic Ingredients Market: http://www.transparencymarketresearch.com/prebiotics-market.html

Nutraceuticals Market: http://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html

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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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