Global Probiotics Market is valued approximately USD 51.72 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9 % over the forecast period 2020-2027. Probiotics are microorganisms that are consumed to provide health benefits, generally by improving or restoring the gut flora. Probiotics can be consumed by both humans and animals to maintain intestinal microbial balance and keep the digestive system healthy. Probiotic products are also used to diagnose mental illness, and treat neurological disorders. Moreover, they protect proteins & lipids from oxidative destruction, improve the human immune system, and reduce body pathogens. They are available in the form of capsules, tablets, powders, and gel. Further, increasing consumer awareness about healthy diets due to use of high nutritions in foods has led the adoption of Probiotics across the forecast period. Consumers are shifting towards a safe, natural, and cost-effective substitute for drugs because they have been clinically proven. For Instance: in 2017, Kerry acquired the US-based probiotics company Ganeden to enter the business of probiotics, this has driven the market forward. Further, , in 2018, for the development of next-generation probiotics, Chr. Hansen expanded its product strain library. However, high research and development costs has hampered the development of new probiotic strains, lack of international quality standards and regulations for probiotic products to decrease the side effects, impedes the growth of the market over the forecast period of 2020-2027. Also, increasing awareness among the manufacturers & consumers to fortify the food products with natural additives and the various health benefits that attract the young generation, creates an opportunity to increase the adoption & demand for Probiotics market.

The regional analysis of global Probiotics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the growing health conscious consumers, innovative products by the manufacturers according to the taste of consumers and probiotics being used in their traditional food products. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, manufacturers investing in research and development and changing consumption pattern of economy would create lucrative growth prospects for the Probiotics Market across Asia-Pacific region.

Major market player included in this report are:
Chr. Hansen
Kerry
DuPont
Lallemand Inc.
GLAC Biotech
Bifodan
Danone
Yakult Honsha
Nestle
General Mills


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Ingredient:
Bacteria
Yeast
By Function:
Regular
Preventative Healthcare
Therapeutic Application
By Application:
Food & Beverages
Dietary Supplements
Animal Feed
By End-Use:
Human Probiotics
Animal Probiotics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of the Global Probiotics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors