The global — probiotics market size is poised to reach around USD 78 billion by 2026 and will grow at CAGR above 6.6 % from period 2019 to 2026. Increasing prominence of preventative medicine is one of the main drivers of probiotic demand worldwide. Innovative testing solutions by the main players, especially in nations such as China, Japan and China, are complementing significant productions and consumption of probiotics.
Following increased demand for probiotics, main market players have invested in R&D to create effective probiotic strains. Such developments are anticipated to become a trend in the sector during the prediction. Probiotics are primarily marketed as nutritional supplements in advanced nations such as the United States. The increasing aging population and enhanced customer interest in preventive health care have stimulated the demand for probiotic nutritional supplements.
Test supplements comprising several probiotic types, such as probiotic drops, tablets, and capsules, are accessible in multiple forms. Probiotic product categories are likely to be extended by private label manufacturers and branded product groups. The increasing product lines and diversification in this sector are aimed at enabling producers to meet varied trends in demand worldwide. The same factor is the rise in the manufacturing quantity of retail channels in line with changing customer tastes and preferences.
Key Players & Strategies
Lallemand Inc.; Danisco AS; Hansen, Danone; Nestle; and Chr. Arla Foods, Inc.; are some of the main actors in the industry.
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Acumen Research and Consulting in its report titled, “probiotics Market: Global Industry Analysis and Opportunity Assessment, 2019–2026,” offers comprehensive insights and detailed research on the global probiotics market over the forecast period 2019 – 2026. The report covers the key factors that are propelling the growth of the probiotics market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments. The report evaluates the global probiotics market with respect to market value (US$ Mn) and volume (MT).
The report sheds light on the key drivers and challenges affecting the growth of the probiotics market. The report provides exhaustive market share evaluation of the global probiotics based on leading manufacturers. A section of this report highlights country-wise global probiotics market. It provides a market outlook for 2016–2026 and sets the forecast within the context of the report. The report on probiotics mentions key developments and activities executed by leading service providers operating in the market.
The report started with a succinct overview of the market. This part of the report also encompasses ARC’s analyses of key drivers, restraints, and trends from the supply and demand perspectives. Impact evaluation of primary growth drivers and restraints on the basis of the weighted average model are covered in market report to better equip and arm readers with robust decision-making insights.
The report on probiotics market considers average selling price across geographies to calculate the market size. Furthermore, various data points, including market split and regional split by ingredients, application, and source and qualitative inputs from primary respondents are encompassed to arrive at the accurate market projections.
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Our research methodology
The report on probiotics market considers average selling price across geographies to calculate the market size. Furthermore, various data points, including market split and regional split by ingredients, application, and source and qualitative inputs from primary respondents are encompassed to arrive at the accurate market projections. The forecast provided in the report evaluates the overall revenue that is anticipated to be generated in the market over 2019–2026. At the time of developing the probiotics market forecast, the analysts begin with sizing up the current market, which forms the foundation for how the market is projected to take shape in the forthcoming years. Given the characteristics of the market, we triangulated the result on the basis of various analysis outcomes based on supply side as well as demand side. However, enumerating the market in various regions and in segments is more of a matter of quantifying expectations and recognizing opportunities rather than vindicating them after the forecast is completed.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted probiotics forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In the concluding part of the report, the global probiotics market landscape is covered to provide report audiences with a dashboard view of the key market players, their presence in the market portfolio and key differentiators. The probiotics industry structure and company market share analysis is detailed in this report. The probiotics market share is projected on the basis of global sales of probiotics. Numerous sources referred while formulating the report include market players’ annual reports, analyst presentations, investor presentations, and company press releases. The result has been triangulated with distributors, retailers, and industry experts across the value chain of market.
Global Probiotics Market, By Product
Animal Feed Probiotics
Probiotic Dietary Supplements
Probiotic Food & Beverages
Global Probiotics Market, By End Use
Global Probiotics Market, By Ingredient
Global Probiotics Market, By Distribution Channel
Global Probiotics Market, By Geography
Middle East and Africa (MEA)
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Release ID: 88890593