Brooklyn, New York, USA, 2021-May-21 — /Meridian Market Consultants/ — An overview of conceptual frameworks, analytical approaches of the probiotics market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The probiotics market is expected to grow at a significant rate in the near future.

The global probiotics market was valued at US$ 54.5 Bn in 2020 and expected to reach at a value of US$ 92.3 Bn by 2028 with a significant CAGR of 6.8%




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Probiotics Market Dynamics

Thus, the health benefits linked with probiotics enriched foods serve to be the major growth favoring factor for the global probiotics market. Factors such as the rising health awareness among consumers regarding the regular consumption of healthy food products with the incorporation of probiotics for strong health benefits acknowledge the demand for probiotics.

In addition, the growing awareness about probiotics as dietary supplements coupled with the rising research and development projects related to probiotics products also aids in boosting the market, shares in the forecast period.

On the flip side, improper international quality standards and related regulations for the probiotic product will limit the market size. Alongside, the shifting consumer preference for probiotics over pharmaceutical agents and the prohibition of Antibiotic Growth Promoters (AGPS) in feed in the EU is expected to offer lucrative growth opportunities during the forecast years.

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Probiotics Market Segmentation

The global probiotics market is segmented on the basis of form, ingredient, application, end-user, and regions. Based on form, the probiotics market is segmented into liquid and dry. On the basis of ingredients, the market is categorized as bacteria and yeast. The application segment is further divided into functional food & beverages, dietary supplements, and feed. The end-user segment of the probiotics market is categorized into human and animal.

The research report classifies the global probiotics market based on form, ingredient, application, end-user, and regions.

By Form

Liquid

Dry

By Ingredient

Bacteria

Yeast

By Application

Functional Food & Beverages

Dietary supplements

Feed

By End-User

Human

Animal

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Probiotics Market Key Players

The global probiotics market is dominated by Chr. Hansen, Danone, Yakult Honsha, DowDuPont, Kerry, Probi AB, Nestle, Biogaia, Morinaga Milk Industry Co., Ltd., Glac Biotech, Bifodan A/S, Lallemand, General Mills, Uas Laboratories, Archer Daniels Midland Company.

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