Transparency Market Research announces the release of a market study on the global probiotics market for the 2014-2020 period. According to the report, the global probiotics market is poised to increase from US$62.6 bn in 2014 to US$96.0 bn by 2020, at a CAGR of 7.40% from 2014 to 2020.The report is titled “Probiotic Market - Global Industry Analysis, Size, Share, Growth and Forecast 2014 - 2020”, and is available for sale on the company website.

The report points out that a surge in the consumption of functional foods, increasing awareness about the importance of gut health, and proven health benefits of probiotics are leading to the development of the global probiotics market. In addition, prohibition of hormone-added animal feed that helps the friendly bacteria in the animal’s gut to be available in its milk, utilization of probiotics in newer areas, and changing food habits in emerging economies will favor the rise of this market during the forecast period. However, lack of standardization for enzyme concentrations in probiotic products is impeding the growth of this market.

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The report segments the global probiotics market on the basis of end-user, application, strain type, and geography. On the basis of strain type, streptococcus, spore formers, yeast, lactobacillus, and others are the segments of this market. Animal probiotics and human probiotics are the segments that divide the global market on the basis of end use. Of the two, the human probiotics segment is ahead of its counterparts in terms of revenue contribution to the global marketApplication-wise, animal feed, food and beverages, and dietary supplements are the segments of the global probiotics market. Among these, in 2013, the food and beverage segment led the global market, and is expected to display a healthy 7.20% CAGR from 2014 to 2020.

The report divides the global probiotics market into the regional segments of North America, Asia Pacific, Europe, and Rest of the World. According to the report’s analysis, Asia Pacific was the leading regional market for probiotics in 2013. The region is expected to retain its dominance by displaying a CAGR of 7.10% through the 2014-2020 period; increasing consumption of functional foods in China and India are the primary reasons for this.

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Europe also accounts for a significant revenue contribution to the global probiotics market. In this region, France and Germany will display steadfast growth expanding at a CAGR of 6.60% and 6.80%, respectively, for the 2014-2020 period. Presently, North America holds a small share in the global market; however, the region is expected to witness substantial growth in the probiotics market in the forthcoming years, adds the report.

The report mentions the top companies that operate in the global probiotics market and profiles each one of them for their distinguishing attributes. Nestle S.A., Yakult Honsha Co. Ltd., Lifeway Foods Inc., General Mills Inc., Groupe Danone S.A., Chr. Hansen, PROBI AB, BioGaia AB, E.l. du Pont de Nemours and Company, and Mother Dairy are the top companies identified in this report that have a significant presence in the global probiotics market.

The global probiotics market is segmented as follows:

Global probiotics market, by application
Food and beverages
Dietary supplements
Animal feed

Global probiotics market, by end use
Human probiotics
Animal probiotics

Global probiotics market, by strain types
Lactobacillus
Streptococcus
Bifidobacterium
Yeast
Spore Formers
Others

Global probiotics market, by geography
North America
U.S.
Canada
Mexico

Europe
Germany
U.K.
France
Italy
Rest of Europe

Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific

Rest of the World (RoW)
Brazil
Middle East
Rest of RoW