The worldwide probiotics market is driven, primarily by high requirement for probiotic yogurt and increasing consumption of useful food. Augmented consciousness about gut health among people is also anticipated to drive the demand for this market. With gigantic prospects and rising client penchants, the market is predicted to undergo rapid expansion in the coming years.
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Probiotics are a kind of living bacteria that are responsible for maintaining good health in human beings. They are a form of good bacteria that are helpful in maintaining healthy gut. The probiotics market was predicted at nearly USD 23 billion in 2012. It is likely to grow through the projected phase, at about 6 percent CAGR. The said phase continues till 2018 from 2013.
The probiotics market is segmented on the basis of ingredients, geographical regions, applications and products. By ingredients, the market is divided into bacteria and yeasts. On the basis of geographical regions, the market is segmented into Asia Pacific, Europe, North America and rest of the world. By applications, the probiotics market is segmented into feed and food.
On the basis of products, the market is fragmented on the basis of dietary complements, functional food and beverages, animal feed and specialty nutrients. However, the probiotics market is still evolving. Imperative research and development activities are being carried out with respect to developing new products for innovative usage on a commercial basis.
Still, there are few doubts that linger in the minds of researchers regarding the advantages of probiotic supplements. This causes a hindrance in the further development of the probiotics market. Less consciousness regarding the usage of probiotics is also likely to act as a hindrance. Asia Pacific leads the probiotics market due to various advancements and investigative procedures executed in the region.
The North American probiotics market is anticipated to expand fast in the near future. This is due to demand for probiotic supplements from the inhabitants of the United States of America.
Probiotics Market Size
Information Source: Grand View Research