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Home Canada

Probiotics Market to Reach USD 94.48 Billion by 2027; Owing

MtR by MtR
June 15, 2021
in Canada
0
Probiotics Market to Reach USD 94.48 Billion by 2027; Owing


Pune, India, June 15, 2021 (GLOBE NEWSWIRE) — The global probiotics market size is expected to reach USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027. This information is published by Fortune Business Insights in its report, titled “Probiotics Market, 2020-2027“. The report further mentions that the market stood at USD 48.88 billion in 2019. The growing consumption of nutritional food among the health conscious section of the market is gaining popularity in recent years. For instance, the Nutrition Society of Malaysia has also introduced the Probiotics Education Program to educate consumers on the health benefits of these products.

COVID-19 Impact

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Market Experiences High Demand Backed by Increasing Consumption of Product

The outbreak of coronavirus resulted in consumers panic buying immunity-boosting supplements to minimize the impact of infection. The increasing demand for products resulted in expanding the distribution channel networks. Many prominent companies shifted to selling their products online also to generate high revenue. There was an increased amount of investment during the pandemic to research for a product that can deliver immunity-boosting in the human body. Strategic advertising and promotional activities on digital platforms during the pandemic also generated revenue for nutraceuticals.

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/probiotics-market-100083

List of Top 10 Key Players Profiled in the Probiotics Market:

  • Danone S.A. (Paris, France)
  • Lallemand Inc. (Canada)
  • Yakult Honsha (Japan)
  • Nestle S.A. (Vevey, Switzerland)
  • DuPont (Danisco A’S) (Delaware, United States)
  • Chr. Hansen (Horsholm, Denmark)
  • Kerry Inc. (Tralee, Ireland)
  • Post Holdings, Inc. (Missouri)
  • Pepsico, Inc. (New York, United States)
  • Evolve Biosystems, Inc. (Davis, California)

Market Segmentation

On the basis of microbial genus, the market is segmented into lactobacillus, bifidobacterium, and yeast. Based on drug class, the insulin segment held a market share of about 43.7% in 2018.

Based on application, the market is trifurcated into functional food and beverage, dietary supplement, and animal feed. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacies/health stores, convenience stores, online retail, and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

What Does the Report Contain?

The report offers an insight into the profitability, entire structure, and scale. It also studies the drivers and restraints and considers all the potential threats to the market. The critical analysis of marketplace sections, prediction analysis, and expert insights are strategically included in the report. A wide spectrum of data, including regional analysis, market segmentation, industry developments, and key players, are included in the research conducted by market experts.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083

Driving Factor

Rising Awareness of Product through Social Mediums to Surge Demand

The numerous health benefits of the product are augmenting the probiotics market growth. The increasing awareness and advertisement by prominent personalities are creating a demand in the market. Various athletes and yoga instructors are emphasizing the health benefits of nutraceuticals through social media as paid partnerships. Also, a considerable chunk of health-conscious vegan consumers prefers to get their nutrients from nutraceutical sources. The industry is also experiencing heavy investment in research and development for innovation. For example, in February 2020, Amorepacific Group inaugurated its novel green tea probiotics Research Centre for studying lactobacillus found in Jeju organic green tea.

Regional Insights

Rising Awareness of Health Benefits to Aid Growth in Asia Pacific

Asia-pacific is expected to hold the largest probiotics market share due to high consumption in China and Japan. The rising awareness of the health benefits of the product is garnering significant demand from the region. For instance, Yakult Honsha declared the company sales of 9,540 bottles of Yakult every day in Japan.

North America is anticipated to showcase considerable growth in the forthcoming years. This is due to the well-established food industry in the region. Moreover, a rising preference for a healthy diet owing to the prevalence of lifestyle diseases in the region is anticipated to incur product demand.

Competitive Landscape

Collaboration by Prominent Companies to Brighten Their Market Prospects

The competitive landscape of the market for probiotics enlightens us with details on prominent players of this industry. Technological advancement by key players is being researched to gain traction in the market. Several market giants are also collaborating on production facilities to expand their business horizons. Some companies are also using awareness campaigns to strategically introduce their products in regions with minimal awareness to expand their horizons. Several more strategic collaborations, acquisitions, partnerships, product launches, technological advancement, and others are spread across the market horizon of this product.

Key Industry Development:

April 2020: Chr. Hansen Inc. introduced a science based online probiotic platform in the US. The platform is aimed at educating consumers and healthcare professionals on the benefits of probiotics.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/probiotics-market-100083

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview of the Parent Market
    • Industry SWOT Analysis
    • Supply Chain Analysis
    • Recent Industry Developments – Policies, Partnerships, New Product  Launches, and Mergers & Acquisitions
    • Qualitative Analysis (in relation to COVID-19)
    • 4.5.1 Impact of COVID-19
    • 4.5.2 Supply Chain Challenges
    • 4.5.3 Potential Opportunities due to COVID-19
  • Global Probiotics Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast 
      • By Microbial Genus (Value)
        • Lactobacillus
        • Bifidobacterium
        • Yeast
      • By Application (Value)
        • Functional Foods & Beverages
        • Dietary Supplements
        • Animal Feed
      • By Distribution Channel (Value)
        • Supermarkets/Hypermarkets
        • Pharmacies/Health Stores
        • Convenience Stores
        • Online Retails
        • Others
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

TOC Continued…!

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/probiotics-market-100083

Have a Look at Related Research Insights:

Dietary Supplements Market Size, Share & COVID-19 Impact Analysis, By Type (Vitamins, Minerals, Enzymes, Fatty Acids, Proteins, and Others), Form (Tablets, Capsules, Liquids, and Powders), and Regional Forecasts, 2020 – 2027

Nutraceuticals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Dietary Supplements, Functional Foods, and Functional Beverages), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail, and Others) and Regional Forecast, 2021-2028

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Phone:

US:+1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd





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