(Food-Beverage-News.Com, March 14, 2018 ) The report "Probiotics Market by Bacteria type (streptococcus, lactobacillus, yeast and others) by End use (animal and human probiotics) by Application (animal feed, food & beverages- (Dairy Products, Non-Dairy Products, Cereals, Baked Foods, Fermented Meat Products and Dry Food Probiotics) and dietary supplements- (Food Supplements, Nutritional Supplements, Speciality Nutrients and Infant Formula)- Forecast to 2021", The Probiotics market is expected to reach USD 61.77 Billion by 2021 from an estimated USD 45.66 Billion in 2016, at a CAGR of 6.2%. Aging, stress and poor unhealthy diets are blameable for digestive ailments and poor immunity and feeding of probiotics can help in curing these prevalent diseases. Apart from this, increasing awareness among individuals is also assisting the growth of the market.
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On the basis of Application, the Probiotics market has been segmented into animal feed, food & beverages- (Dairy Products, Non-Dairy Products, Cereals, Baked Foods, Fermented Meat Products and Dry Food Probiotics) and dietary supplements- (Food Supplements, Nutritional Supplements, Speciality Nutrients and Infant Formula. In 2016, the Food n Beverages segment accounted for the largest share of the global Probiotics market and is looking further to continue the same and increase its market size on a high note in the forecast period.
On the basis of end use, the Probiotics market has been segmented into animal and human probiotics. In the recent years this segment of market is growing enormously and is promising to increase its market size further more in the forecast period.
Asia Pacific accounted for the largest share of the Probiotics market in 2016, followed by Europe. North America’s market value is very less when compared to Asia-Pacific , but is looking forward to increase its value in the forecast period.
The various players in the Genomics market include General mills, China-Biotics, Yakult Honsha Co. Ltd., Mother dairy, Nestle S.A, PROBI AB, E.I. du Pont de Nemours and company, Chr. Hansen, Lifeway foods, Groupe Danone S.A. and many others.
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