Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Upcoming Growth Trends in the Probiotics Market
    (I-BusinessNews.Com, January 21, 2020 ) The global probiotics market is estimated to be valued at USD 49.4 billion in 2018 and is projected to reach USD 69.3 billion by 2023, at a CAGR of 7.0% during the forecast period. The probiotics market is driven due to the rising number of health-conscious consumers across the globe and the growing trend of consumption of health-benefiting products in the form of functional foods drives the demand for probiotic products such as yogurt. Countries such as China and South Korea are projected to be the major revenue pockets for probiotic product manufacturers in the coming years amidst the adoption of hectic lifestyle in these countries. Manufacturers are focusing on various innovations based on consumer preference, which has further driven the demand for probiotic products. The rise in the demand for probiotic dietary supplements in North America, which is a huge market for probiotics has further boosted sales of probiotic products.



    Based on ingredient, the yeats segment is projected to be the fastest growing from 2018 to 2023. Yeast, as a probiotic, is actively used in applications such as food, beverages, pharmaceuticals, and industrial enzymes. Species of Lactobacillus and Bifidobacterium are most commonly used as probiotics, but at the same time, yeast such as Saccharomyces cerevisiae as well as some E. coli and Bacillus species are also used as probiotics.



    Make an Inquiry:

    https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=69



    Based on form, the dry form segment was the fastest growing from 2018 to 2023. Dry probiotics are preferred in the dietary supplements and the animal feed industry. The dietary supplements comprise tablets, powders, and capsules. The demand for dietary supplements is high in the North American region. New products are such as probiotic-infused juices and yogurt-based drinks, which comprises liquid probiotics, available in the market.



    Based on application, the functional food & beverages segment is projected to grow at the highest CAGR through 2023, making it a key revenue pocket for probiotics market players. Manufacturers are focusing on a variety of probiotic products-based on consumer preference and technological advancements, which has enabled the addition of specific beneficial bacteria to all types of foods, including beverages, cereals, and baked infant foods.



    The probiotics market, on the basis of end user, is segmented into human probiotics and animal probiotics. The human probiotics segment acquired the largest market share in 2018, due to the daily consumption of probiotics in regular diets, which has led to functional improvements in the health of consumers.



    The Asia Pacific accounted for the largest market share for probiotics in 2017, due to the rapid urbanization and rise in consumer interests in health products. Major countries contributing significantly toward the growth of the Asia Pacific region include China, Japan, South Korea, and Australia & New Zealand. The increasing aging population in countries such as Japan, Australia, and New Zealand are witnessing a significant demand for probiotic-based dietary supplements, which is further projected to drive the probiotics market.



    Health awareness among consumers is on the rise and most consumers are constantly in search of healthy food products for consumption. Probiotics have proven strong benefits related to health, more specifically to the human digestive system.



    Download PDF Brochure:

    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69



    Probiotics are found in supplement form or as components of foods & beverages. Their integration with inexpensive health foods, such as yogurt, fruit juices, and cultured dairy drinks has contributed to a significant market size. The most commonly used bacteria include Bifidobacteria and Lactobacilli, which are found in various dairy products, including yogurt. In the dairy category, yogurt is the most popular option for consumption of probiotics. Manufacturers are coming up with a variety of options in the yogurt category; for instance, in 2013, Chobani, LLC (US) introduced a line of Greek yogurt in the US market, which has now become one of the leading brands across North America.



    About MarketsandMarkets™



    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.





    MarketsandMarkets™

    Mr. Shelly Singh

    1-888-600-6441

    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC