Probiotics are microorganisms primarily bacteria or yeast that helps to boost immunity upon consumption; these micro flora colonize in the colon and defend the host from harmful bacteria. In conventional form probiotics are found in fermented products such as Yogurt and Pickle; with advancements in biotechnology the probiotic strains are cultured in isolation and introduced in dietary supplements and functional foods and beverages. Functional foods laced with probiotic ingredients offers number of health benefits. The rising popularity of probiotics is enticing the food and supplement product manufacturers to use these beneficial additives in their offerings to enhance the overall nutritional value. Global probiotic market is poised to exhibit a CAGR of XX% through 2021.
Consumer perception and awareness related to food consumption has been witnessing a considerable shift with more focus on nutritional value and associated health benefits of the products. The nutrition market is estimated to expand globally driven by the increasing concern on health, rising awareness on preventative healthcare and disposable incomes. According to the industry estimates, the global nutrition market was valued at around $XX billion in 2014 and is forecast to grow at a CAGR of X% during 2016-2021. The market scope is broadening with new applications and product launches catering to variety of health conditions. Driven by the increasing market scope and demand for nutritious products, probiotic market is set to witness considerable growth in the forecast 2016-2021.
Functional Food & Beverages is the largest application segment for this market with a share of XX% in 2014 and is forecast to further expand at X% CAGR in the coming five years. The wide array of products under functional foods industry has been supporting the market growth. Dietary supplements laced with probiotic ingredients have been witnessing high traction from the health conscious consumer group. The rising popularity of these ingredients in association with digestive health propels their usage in nutritional supplements industry. In addition, the accelerating product launches in this category, wide spread awareness and availability in the retail markets spurs the demand for probiotic ingredients in the food and supplements space.
Asia-Pacific is the foremost market for Probiotic ingredients with a share of XX% in the overall market in 2015 and is forecast to continue its dominance in the coming five years. The market for probiotic ingredients is estimated to reach $XXm by 2021, with increasing use of probiotic ingredients in different food & beverage applications and rising opportunities in emerging markets such as India and China. The market in the Asia-Pacific region is projected to grow at the highest growth rate during the forecast period. Demand in Europe and Americas is also estimated to be robust due to consumer preferences and new product launches.
Sample Companies profiled in this report are:
E. I. du Pont de Nemours and Company (U.S.),
Chr. Hansen (Denmark),
Yakult Honsha (Japan)
Groupe Danone S.A. (France)