Probiotics Industry, Probiotics Market Opportunities, Probiotics Market Application, Probiotics Market, Probiotics Market Review, Probiotics, Probiotics Industry Growth

Market Overview
The Global Probiotics Market is estimated to be valued at USD 3,257.0 Million by 2025 and is expected to register a CAGR of 8.48% during the forecast period. Probiotics are beneficial microorganisms which when administered in adequate amounts offer health benefits to the host, especially for digestive health. These live microorganisms constitute the gut microflora in animals and humans and help in enhancing gut health and functioning of the colon.
North America was the largest market for probiotics in 2018, and the regional market is expected to maintain its dominance during the review period. Increasing demand for dietary supplements among the US population is projected to drive the growth of the market. Asia-Pacific is expected to be an attractive regional market for the manufacturers of probiotics owing to the growth of application industries such as functional food & beverages, dietary supplements, and animal feed in the developing countries in the region. In Europe, the rising demand for functional beverages containing probiotics as an active ingredient is influencing market growth.

Key Players
The prominent players in the global probiotics market are CHR-Hansen A/S (Denmark), Novozymes A/S (Denmark), Lallemand Inc. (Canada), Probi AB (Sweden), Kerry Group (Ireland), Sabinsa Corporation (US), DowDupont Inc. (US), Synbio Tech Inc. (Taiwan), Roelmi HPC (Italy), UAS Laboratories LLC (US), Probiotical SpA (Italy), Greentech SA (France), Biosearch, SA (Spain), and BioCC OÜ (Estonia) .

Market Segments
The global probiotics market has been segmented on the basis of type, application, and region.
By type, the market has been divided into bifidobacterium, lactobacillus, and others. The lactobacillus segment accounted for the largest market share in 2018 owing to the wide application of commercialized probiotic bacterial species belonging to the lactobacillus genus in various industries. However, the bifidobacterium segment is projected to exhibit the highest CAGR during the forecast period. The bifidobacterium species Bifidobacterium bifidum, Bifidobacterium longum, and Bifidobacterium lactis are widely used as probiotics. Such bacterial species are highly efficient in digesting plant and milk carbohydrates that are indigestible in their natural form.
Based on application, the global probiotics market has been classified as functional food & beverages, dietary supplements, animal nutrition, and others. The functional food & beverages segment accounted for the largest market share in 2018. The various functional food & beverages in which probiotics are added are drinkable fresh milk and fermented milk, yogurt, cheese, vegetable-based probiotic products, fruit-based probiotic products, cereal-based probiotic products, and meat-based probiotic foods such as dry sausages. The increasing consumption of healthy foods among the health-conscious population is driving the growth of this segment. However, the rising demand for dietary supplements is leading to increased consumption of probiotics due to which the segment is projected to exhibit the highest CAGR during the forecast period.
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Regional Analysis
Geographically, the global probiotics market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, North America dominated the market, accounting for the largest share, in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 9.31% during the assessment period followed by the South American market with Brazil as the major contributor to the growth of the market.

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