Probiotics Market Research Report 2020 Demand, Case Studies, Top Manufacturer, Production Cost, Investments, Applications and Future Prediction 2025
The growth of the probiotic market is hindered with substantial expenditure in R&D activities and investments in laboratory, testing equipment and high cost for hiring qualified professionals.
Dallas, United States – March 31, 2021 /MarketersMedia/ —
The global probiotics market was valued at USD 44.2 billion in 2019 and is expected to grow with a CAGR of 7.7% by 2025. Increasing demand for probiotics owing to the rising health awareness especially in the millennial generation due to its excellent nutritional properties are the contributing factors driving the global probiotics market.
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Global Probiotics Market to Witness Rapid Growth in Demand during 2019-2025. One of the major factor expected to drive the market in upcoming years is strong demand for healthy products among consumers, for instance probiotics. In addition, probiotics is an important portion of functional foods & beverages and also well-recognized for better gut functionality as well as boosting immunity boost.
Furthermore, rising demand for probiotic dietary supplements as well as nutritive supplements for animals is expected to fuel the growth of probiotic market in forthcoming years. Moreover, probiotics not only enable better immunity to digestive health but also has other benefits like providing better oral health, skin health, feminine health, weight control & diabetes, sport endurance, cognitive health and cardiovascular health. Similarly, fermented beauty products rich in nutrients as well as other elements, including antioxidants, probiotics and vitamins are further spurring the probiotics market growth. On the other hand, stringent regulations by government plus certain technological hurdles are some major factors that are expected to restraint the market growth in upcoming years.
The global market of probiotic has been segmented by different packaging types, distribution channels, forms and geography. Further packaging type segment has been bifurcated into blisters, containers, bottles, sachets, droppers, stick packs and others. Container sector of the segment is expected to lead the market with significant highest CAGR in terms of revenue over the forecast period.
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Likewise, form segment of the global probiotics market has been sub-segmented into liquid as well as dry. Dry sub-division has further been categorized as capsules, tablets/ caplets, powder/ granules and chewables. Additionally, dry segment is probable to rule the market over forecast spell because of the accessibility of superior product variants coupled with rising product offerings in powder/granule forms. Also, distribution channel of the Probiotics market across the globe is sub-divided into pharmacies/ drugstores, hypermarkets/ supermarkets, specialty stores and online sales.
Geographically, the market has been divided into several key regions including North America, Europe, Latin America, Asia Pacific and Middle East & Africa. North America and Europe regions are likely to govern the global probiotic market with highest value share over the forecast spell trailed by Asia Pacific region. Moreover, Asia pacific region is anticipated to become one of the most prominent market by the end of 2025 owing to growing product penetration as well as increasing awareness as a result of promotional events.
Some of the key players operating in the competitive landscape of global Probiotics market include BioGaia AB, Chr. Hansen Holding A/S, DowDuPont Inc., Probi AB, Nestlé S.A., The Procter & Gamble Company, Lallemand Inc. Pfizer Inc., Probiotics International Limited, PharmaCare Laboratories, SymbioPharm GmbH, Dr. Willmar Schwabe Group and others.
Key segments of the global Probiotics market include:
Packaging Type Segment
Blisters
Bottles
Containers
Sachets
Stick Packs
Droppers
Others
Form Segment
Dry
Liquid
Distribution Channel Segment
Hypermarkets/Supermarkets
Pharmacies/Drugstores
Specialty Stores
Online Sales
Geographical Segment
North America
S.
Canada
Europe
K.
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
Australia
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa
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What to expect from the upcoming report on ‘Global Probiotics Market’:
Analyzes future prospects as well as global & US Probiotics Market trends over the forecast period (2018-2025)
Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
Supportive initiatives by government likely to influence the market dynamics.
Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
In-depth analysis of different market segmentations including end-user, business model and geographical regions.
Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
Value Chain and Sales Channels Analysis
Who should buy this report?
Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy
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