The probiotics market segmented based on application, end-use, ingredients, function, types, and geography. By application, the market has been segmented into functional food and beverages, dietary supplements, and animal feed. By end-use, the market has been segmented into human probiotics and animal probiotics. By ingredients, the market has been classified into bacteria and yeast. By function, the market has been segmented into functional regular, preventive healthcare, and therapeutic. By type, the market has been segmented into Lactobacillus, Streptococcus, Bifidobacterium, Spore Formers, and others.
By type, functional food and beverages accounted for a significant market share in 2018. This growth is attributed to the rising consumption of processed food, poor lifestyle patterns, and increased level of information from health authorities and media on nutrition and the link between health and diet. This application segment is expected to grow at a good CAGR during the forecast period owing to growing awareness of personal health deterioration coupled with increasing incidences of self-medication. The probiotic market for dietary supplements will grow at a substantial CAGR during the forecast period due to growing awareness regarding fitness and good health, especially among younger global population base. The development of advanced and superior probiotic strains for specific purposes is further fueling the market growth. Animal feed probiotics will witness great growth owing to changing dietary patterns leading to high meat consumption, especially in developing economies. These probiotics in animal husbandry industry ensure proper health of animals to eliminate constant threat of disease outbreaks.
By type, lactobacillus has a significant market share in 2018 and will continue to show decent growth in the global probiotics market throughout the forecast period. Bifidobacterium probiotics type will also witness good growth during the forecast period. Lactobacillus and bifidobacterium are the two most commonly used non-spore forming probiotics used in food and feed across the globe. These probiotics are majorly used in dairy products, as probiotic dairy foods lead to improved gut health through improved tolerance to lactose in lactose-intolerant individuals or improved resistance to pathogenic bacteria. Others include microorganisms such as yeast Saccharomyces cerevisiae, Escherichia coli, and Enterococci among others.
The Probiotics Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by application, end-use, ingredients, function, types, and geography.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the probiotics market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the probiotics market.
- Functional food and beverages
- Dietary supplements
- Animal feed
- Human Probiotics
- Animal Probiotics
- Preventative Healthcare
- Spore Formers
- United Kingdom
- Saudi Arabia
- South Korea
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PROBIOTICS MARKET BY APPLICATION
5.1. Functional food and beverages
5.2. Dietary supplements
5.3. Animal feed
6. PROBIOTICS MARKET BY END-USER
6.1. Human Probiotics
6.2. Animal Probiotics
7. PROBIOTICS MARKET BY INGREDIENTS
8. PROBIOTICS MARKET BY FUNCTION
8.2. Preventative Healthcare
9. PROBIOTICS MARKET BY TYPE
9.4. Spore Formers
10. PROBIOTICS MARKET BY GEOGRAPHY
10.1. North America
10.2. South America
10.3.3. United Kingdom
10.4. Middle East and Africa
10.4.2. Saudi Arabia
10.5. Asia Pacific
10.5.3. South Korea
11. COMPETITIVE INTELLIGENCE
11.1. Market Positioning Matrix and Ranking
11.2. Recent Investments and Deals
11.3. Strategies of Key Players
12. COMPANY PROFILES
12.4. Probi AB
12.5. Lifeway Foods
12.7. Mother Dairy Fruit and Vegetable Pvt. Ltd.
12.8. Arla Foods
12.9. i-Health, Inc
12.10. Chr. Hansen Holding A/S
The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.
The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.
The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.