Probiotics in Food, Beverages, Dietary Supplements and Animal Feed
Report Highlights
The global probiotics market should reach $69.1 billion by 2024 from $48.4 billion in 2019 at a compound annual growth rate (CAGR) of 7.4% for the forecast period of 2019 to 2024.
Report Includes
- 99 data tables
- A descriptive study of the global market for probiotics with a quantitative and qualitative approach
- Analyses of global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Information pertaining to underlying technologies driving the industry’s growth along with key factors such as current trends, regulatory updates, and other macroeconomic factors that can influence the market
- Emphasis on importance of scientific research, product innovation, consumer awareness and preferences, and government regulatory requirements
- Vendor landscape of the market leading companies offering probiotic-enhanced products designed for humans and animals in the food and beverage, dietary supplement, and animal feed industries
- Patents evaluation and new developments regarding various categories and sub-categories of probiotics
- Detailed profiles of leading manufacturers and suppliers of probiotic foods, including Chr. Hansen Inc., Danone Inc., Nestle Inc., Probi AB Inc., Yakult Honsha Co., Ltd. and Meiji Holdings Co., Ltd.
Report Scope
The scope of this report is broad and covers global markets for probiotics, which are used globally in various applications, food and beverages, dietary supplements and animal feed. The market is broken down by genus, application, end use and region. Revenue forecasts from 2019 to 2024 are presented for each genus, application, end use and regional market.
The report also includes a discussion on the major players in each regional market for probiotics. It explains the main market drivers of the global probiotics market, current trends within the industry and the regional dynamics of the probiotics market. It also includes a special focus on the growing adoption of probiotics in the cosmetics industry. The report concludes with detailed profiles of major vendors in the probiotics industry, globally.
Frequently Asked Questions (FAQs)
Analyst Credentials
Aneesh Kumar has been a project manager and partner with BizImpact Knowledge Services, LLP, a market research and services company primarily focused on opportunities in science and technology, since 2011. Kumar manages a team focused on global market research projects, primary interviews and market forecasting. He holds a BBA from the Institute of Chartered Financial Analysts of India and is a member of the Indo-German Chambers of Commerce.
Report Highlights
The global market for probiotics should grow from $39.2 billion in 2017 to $57.2 billion in 2022, growing at a compound annual growth rate (CAGR) of 7.8% from 2017 through 2022.
Report Includes
- 80 tables
- Detailed overview and industry analysis of the global probiotics market along with their ingredients, supplements, and foods within the industry
- Analyses of global market trends with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Characterization and quantification of the market potential for probiotics by probiotic type, application, geographical region and end-user industry
- Discussion of the importance of scientific research, product innovation, consumer awareness and preferences and government regulatory requirements
- Elaboration on the influence of government regulations, current technology, and the economic factors that are and will shape the future marketplace
- A focus on probiotic-enhanced products designed for humans and animals in the food and beverage, dietary supplement, and animal feed industries
- Examination of recent patents related to Lactobacillus, Bifidobacterium and Streptococcus bacteria
- Comprehensive company profiles of major market players including Bifodan A/S, E. I. Dupont De Nemours and Company, Probiotics International Ltd., Probi AB, Nestlé, Morinaga Milk Industry Co. Ltd., and Lifeway Foods
Report Highlights
The global probiotics market totaled $31.8 billion and $34.0 billion in 2014 and 2015 respectively. The market should total $50.0 billion by 2020, growing at a compound annual growth rate (CAGR) of 8.0% from 2015 to 2020.
Report Includes
- An overview of the global probiotics market including ingredients, supplements, and foods.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Discussion of the importance of scientific research, product innovation, consumer awareness and preferences, and government regulatory requirements.
- A focus on probiotic-enhanced products designed for human use, as well as the market potential for products developed for pets and veterinary animals.
- Examination of historical trends in global and regional sales of probiotics, industry structure, patents and technologies, and current government regulatory requirements that are relevant to the industry.
- Profiles of major players in the industry.
Report Highlights
The global market of probiotic ingredients, supplements, and foods reached nearly $23.1 billion in 2012. This market is expected to grow to nearly $27.1 billion in 2013 and $36.7 billion in 2018 with a compound annual growth rate (CAGR) of 6.2% over the five-year period from 2013 to 2018.
Report Includes
- An overview of the global probiotics market, with coverage of the manufacture of probiotics as ingredients and their applications in dietary supplements and foods
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018
- Discussion of the importance of scientific research, product innovation, consumer awareness and preferences, and government regulatory requirements
- A focus on probiotic-enhanced products designed for human use, as well as the market potential for products developed for pets and veterinary animals
- Examination of historical trends in global and regional sales of probiotics, industry structure, patents and technologies, and current government regulatory requirements that are relevant to the industry
- Comprehensive company profiles of major players.
Report Highlights
Global sales of probiotic ingredients, supplements, and foods amounted to $21.6 billion in 2010 and are expected to reach $31.1 billion by 2015 with a CAGR of 7.6% for the next 5-year period.
Report Highlights
- The global market for probiotics increased from $14.9 billion in 2007 to an estimated $15.9 billion by the end of 2008. It should reach $19.6 billion by 2013, a compound annual growth rate (CAGR) of 4.3%.
- Probiotic foods have the largest share of the market and are expected to be worth $13.8 billion in 2008 and $17.0 billion in 2013, a CAGR of 4.2%.
- Japan accounted for the largest share of total sales in 2007 with 39.5%, driven primarily by the country’s large and well-developed probiotic foods segment.
Report Highlights
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U.S. sales of probiotics are estimated at $764 million in 2005 and are expected to rise at an average annual growth rate (AAGR) of 7.1% to $1.1 billion in 2010.
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U.S. sales of probiotics are estimated at $764 million in 2005 and are expected to rise at an average annual growth rate (AAGR) of 7.1% to $1.1 billion in 2010.
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Probiotics used in the manufacture of supplements are projected to reach $291.4 million in 2010, representing an AAGR of 6.7%.
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Food applications dominate the markets and sales are estimated at $498 million in 2005 and will rise at an AAGR of 7% to $700 in 2010. Yogurts, kefir and cultured drinks represent the major categories.