The global probiotics market is expected to grow from USD 44.85 billion in 2017 to USD 73.94 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 7.40%.
“Associated health benefits and the increasing popularity of probiotic dietary supplements
is one of the factors largely attributing to the growth of probiotics market globally”
The factors attributing to the growth of the market are associated health benefits and the increasing popularity of probiotic dietary supplements, collaborative efforts by international bodies in the r&d of probiotic products, rising health consciousness among consumers, and attractive investment opportunities. However, some factors such as international quality standards and regulations, and high r&d costs associated with the development of new probiotic strains may hinder the market growth. The global probiotics market is expected to showcase the opportunities such as probiotics replacing pharmaceutical agents, increased awareness across global platforms by technological expediency through social media, ban on the use of agps(antibiotic growth promoters) in feed across EU, and increase revenue growth opportunities for probiotics in developed economies. In the near future, the market may face possible challenges in the growth due to the integration of probiotics with functional foods. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global probiotics market.
On the basis of the distribution channel, the global probiotics market is studied across Hypermarkets/Supermarkets, Online, Pharmacies/Drugstores, and Specialty Stores.
On the basis of form, the global probiotics market is studied across Dry and Liquid.
On the basis of ingredient, the global probiotics market is studied across Bacteria, Bifidobacterium, and Yeast.
On the basis of application, the global probiotics market is studied across Dietary Supplements, Feed, and Functional Food & Beverages.
On the basis of the end user, the global probiotics market is studied across Animal and Human.
On the basis of geography, the global probiotics market is studied across the Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
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“Archer Daniels Midland Company: The potential growing player for the global probiotics market”
The key players profiled in the global probiotics market are Archer Daniels Midland Company, Bifodan A/S, Biogaia, CHR. Hansen, Danone, Dowdupont, General Mills, Glac Biotech, Kerry, Lallemand, Morinaga Milk Industry Co., Ltd., Nestle, Probi AB, SWOT Analysis, Uas Laboratories, and Yakult Honsha.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global probiotics market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global probiotics market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global probiotics market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global probiotics market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global probiotics market.
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TABLE OF CONTENTS
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Instruments
22.214.171.124. Secondary Instrument
126.96.36.199. Primary Instrument
2.1.2. Research Approaches
188.8.131.52. Bottom-up Approach
184.108.40.206. Top-down Approach
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.1.5. Vendor Inclusion Criteria
2.2. Forecasting Methodology
2.2.1. Methodology for Market Estimation & Forecasting
2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
4.1. Market Connectivity
4.2. Market Data Feed
4.3. Market Vendor Ranking Analysis
4.4. Market Dynamics
220.127.116.11. Associated health benefits and the increasing popularity of probiotic dietary supplements
18.104.22.168. Collaborative efforts by international bodies in the R&D of probiotic products
22.214.171.124. Rising health consciousness among consumers
126.96.36.199. Attractive investment opportunities
188.8.131.52. International quality standards and regulations
184.108.40.206. High R&D costs associated with the development of new probiotic strains
220.127.116.11. Probiotics replacing pharmaceutical agents
18.104.22.168. Increased awareness across global platforms by technological expediency through social media
22.214.171.124. Ban on the use of AGPs(antibiotic growth promoters) in feed across EU
126.96.36.199. Increase revenue growth opportunities for probiotics in developed economies
188.8.131.52. Integration of probiotics with functional foods
4.5. Porter’s Five Forces Analysis
4.5.1. Threat of New Entrants
4.5.2. Threat of Substitutes
4.5.3. Bargaining Power of Customers
4.5.4. Bargaining Power of Suppliers
4.5.5. Industry Rivalry
4.6. Patent Analysis
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