Probiotics Market Key Players Analysis, Growth | Global Market Revenue is Projected to Cross 1938.60 million by 2028

 

Probiotics are live micro-organisms when administrated in adequate amounts, confer a health benefit on the host. While the traditional delivery vehicle for probiotics was fresh dairy products, they are now found in many varieties of food, beverages, dietary supplements and healthcare products.

The Global Probiotics Market Size was estimated at USD 1239.33 million in 2021 and is projected to reach USD 1938.60 million by 2028, exhibiting a CAGR of 6.60% during the forecast period.

 

There are a number of important factors that are contributing to the expansion of the probiotics market, some of the most important of which are the growing preference for natural products, the rising demand for functional foods, and the growing awareness among consumers regarding the health benefits of probiotics. As a result of the COVID-19 epidemic, individuals have become more aware of the importance of maintaining a healthy immune system, which has led to an increase in the demand for probiotics.

 

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The competitive landscape of Probiotics market includes major players such as:

 

·         DuPont(Danisco)

·         Chr. Hansen

·         Lallemand

·         China-Biotics

·         Nestle

·         Danone

·         Probi

·         BioGaia

·         Yakult

·         Novozymes

·         Valio

·         Glory Biotech

·         Ganeden

·         Morinaga Milk Industry

·         Sabinsa

·         Greentech

The report includes all key points related to the most important determinants of Probiotics industry’s growth. This research looks closely at the market competition, product development trends, and sale prospects such as evolutions of consumer behavior, current market need, client preferences, and changing needs and demand. Furthermore, the report discusses its prominent players, along with their new entrants, influential players and much more.

The Probiotics market analysis will help companies identify potential development areas and create strategies to take advantage of emerging opportunities. It analyzes the current competitive environment in addition to offering key details like market statistics and product releases from leading companies in this industry. This industry is characterized in terms of market size, market coverage, market exchange rate, segmentation, and market share.

The Probiotics market is segmented by types into:

 

Market Segmentation (by Type)

·         Bifidobacterium

·         Lactobacillus

 

Market Segmentation (by Application)

·         Food and Beverage

·         Drugs

·         Dietary Supplements

 

By Region

·         North America

·         Europe

·         Asia Pacific

·         The Middle East & Africa

 

Detailed analysis of applications and customers that use the services provided by the Probiotics market is also discussed in the report. Similarly, it provides information about its key competitors and their footprints according to the respective regions. Along with it, the study will cover company portfolios, Probiotics market growth opportunities, obstacles, collaborations, mergers and acquisitions.

Moreover, it provides a quick summary of the Probiotics global market developments for the estimated period of time which will ultimately provide ideas to businesses in terms of working and processes of the Probiotics market. This research has been generated based on the historical data and future possibilities of the market. The overall industry scale of the market has been studied from the global perspective by utilizing multiple research methodologies such as Porter’s five forces model, SWOT and PESTEL analysis.

TABLE OF CONTENTS

Chapter 1. Executive Summary

Chapter 2. Research Methodology

Chapter 3. Market Outlook

Chapter 4. COVID-19 Impact on Probiotics Market

Chapter 5. Global Probiotics Market Overview, By Product, 2017 - 2030(USD Million)

 

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