Global probiotics market was valued at US$39.711 billion in 2016 and will grow to US$58.200 billion by 2021, at a CAGR of 7.94% over the forecast period.
Global Probiotics market is witnessing a growth on account of growing consumer preference towards products which are natural. This along with rising awareness of people about preventive healthcare is also augmenting the demand for healthier food products which are rich in probiotics.
Consumption of functional food, rapid urbanization, and a better living standard has also impacted the probiotics market growth significantly. However, lack of comprehensive knowledge on part of customers about the effectualness of probiotic products and availability of various alternative strains with similar properties to improve health conditions may restrain the market growth.
Key industry players profiled as part of this section are Yakult, Mother Dairy Fruit & Vegetable Pvt. Ltd., DANONE, Lifeway Foods, and Chr. Hansen Holding A/S among others.
- Functional food and beverages
- Dietary supplements
- Animal feed
- By End-use
- Human Probiotics
- Animal Probiotics
- Preventative Healthcare
- Spore Formers
- Arla Foods
- Chr. Hansen Holding A/S
- i-Health, Inc
- Lifeway Foods
- Mother Dairy Fruit and Vegetable Pvt. Ltd.
- Probi AB
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