Latest Probiotic Market Analysis & Outlook 2018-2023
Due to the large number of health advantages associated to probiotics consumption, the market is growing at an exponential pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Probiotics Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Probiotic Market is increasing due to growing health awareness worldwide, rising population and disposable income has boosted the demand for Probiotic in recent years. The market in Asia Pacific is growing steadily. Moreover, the market for Probiotic is expected to witness considerable growth over the coming years In US and Europe. Hence the market for Probiotic is expected to grow at a CAGR of XX% over the period of 2016 – 2027.
Sept 2017 Yakult, who is a major player in the probiotics market announced the launch of its new probiotic products which is under a development stage. The company focuses on satiating the rising demand of health and functional food segment.
Mar 2016 GoodBelly launched four new product lines including GoodBelly Protein Shake, GoodBelly Juice Drink, GoodBelly Sparkling Drinks and GoodBelly Ade owning to rising consumers demand for probiotic functional beverages. The strategy will broaden the company’s product portfolio and will help in expanding their consumer base.
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The key players that are involved in Global Probiotic market are BioGaia, China-Biotics, Danisco, Danone, Nestlé, Yakult, Arla Foods, Lifeway Foods, Mother Dairy Fruit & Vegetable Pvt, Nebraska Cultures, Lallemand and Chr. Hansen holding.
The Global Probiotics Market has been divided into source, form, application, end-user and region.
Based on Source: Bacteria and Yeast
Based on Form: Dry, Liquid, Others
Based on Application: Food & Beverages, Dietary Supplements, Animal Feed and Others
Browse the market data and information spread across 110 pages with 30 data tables and 17 figures of the report “Global Probiotics Market Research Report- Forecast to 2027” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/probiotics-market-966
Asia-Pacific dominated the Global Probiotic market with the largest market share, accounting for $XX billion and is expected to grow over $XX billion by 2027. North America is expected to experience substantial growth from 2015 to become one of the significant markets for Probiotic and expected to grow at CAGR of XX% from $ XX billion in 2016 to $XX billion by 2027. The European market for Probiotic is expected to grow at a CAGR of XX% over the period of 2016 – 2027.
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