Probiotics Market to Reach USD 94.48 Billion by 2027; Owing to Increasing Consumption of Probiotics Fortified Food Products Globally, states Fortune Business Insights™

Pune, Nov. 19, 2020 (GLOBE NEWSWIRE) — The global probiotics market share is expected to showcase considerable growth by reaching USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027. The increasing demand for healthy probiotics fortified food products and the growing adoption of technology by the companies is attributed to the growth of the market. This information is published by Fortune Business Insights, in its latest report, titled, “Probiotics Market Size, Share & COVID-19 Impact Analysis, By Microbial Genus (Lactobacillus, Bifidobacterium, and Yeast), Application (Functional Foods & Beverages, Dietary Supplements, and Animal Feed), Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 48.88 billion in 2019.
List of the Top Companies Profiled in the Global Probiotics Market are:DuPont (Danisco A/S) (Delaware, United States)Chr. Hansen (Horsholm, Denmark)Kerry Inc. (Tralee, Ireland)Post Holdings, Inc. (Missouri)Pepsico, Inc. (New York, United States)Evolve Biosystems, Inc. (Davis, California)Danone S.A. (Paris, France)Lallemand Inc. (Canada)Yakult Honsha (Japan)Nestlé S.A. (Vevey, Switzerland)
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Increasing Consumption of Healthy Food Products amid COVID-19 to Stoke DemandTo mitigate the risk of the novel coronavirus, people are consuming a healthy and balanced diet. The increasing demand for immunity boosting products such as probiotics that enhance gut health and improves overall health is expected to bode well for the growth of the market in the near future.Probiotics are healthy yeasts and bacteria that aid in the overall development of the digestive system that keep the gut healthy. Some of these extensively adopted supplements are Bifidobacterium, Lactobacillus, and Saccharomyces that enable several health benefits when consumed regularly. Apart from the enhanced gut, they aid in reducing depression and promote a healthy heart functioning amongst the consumer. They are generally added to food products such as yogurt and are considered as an immunity-boosting product across the globe.
Key Questions Answered:Why Choose Fortune Business Insights?What are the key demands and trends shaping the market?What are the key opportunities in the market?What are the key companies operating in the market?Which company accounted for the highest market share?What is the market size and growth rate of the global and regional market by various segments?What is the market size and growth rate of the market for selective countries?Which region or sub-segment is expected to drive the market in the forecast period?What Factors are estimated to drive and restrain the market growth?
What does the Report Include?The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083
DRIVING FACTORSIncreasing Consumption of Immunity Boosting Food Products to Spur DemandThe increasing prevalence of lifestyle diseases such as obesity and diabetes is driving the demand for a healthy and balanced diet. According to the World Health Organization (WHO), the global rate of obesity amongst the people has tripled since 1975. This alarming pace at which the lifestyle diseases are increasing is propelling the demand for immunity boosting products such as probiotics across the globe. Additionally, the growing adoption of technology is enabling the manufacturers to educate the consumers about the health benefits of consuming such a diet. These initiatives are further expected to boost the growth of the global probiotic bacteria market during the forecast period.
SEGMENTATIONSupermarkets/Hypermarkets Segment Held a 61.33% Market Share in 2019The supermarkets/hypermarket segment held a market share of about 61.33% in 2019 and is expected to experience considerable growth owing to the wide availability of the products and easy accessibility, along with offering several discounts, and cashback.
REGIONAL INSIGHTSAsia-Pacific to Remain at the Forefront; Increasing Consumption of Fermented Drinks to Aid GrowthAmong all the regions, Asia-Pacific is expected to showcase exponential growth and hold the highest position in the global probiotic bacteria market. This dominance is attributable to the increasing consumption of fermented food products that impart a healthy gut and balanced overall diet.The market in North America stood at USD 8.30 billion in 2019 and is anticipated to showcase significant growth during the forecast period. This is ascribable to factors such as the increasing prevalence of lifestyle diseases and the presence of established manufacturers that are focusing on developing innovative products in the region between 2020 and 2027.
COMPETITIVE LANDSCAPEMajor Companies Focus on Introducing Innovative Products to Strengthen Their Market PositionsThe global probiotics market is fragmented into several major companies that are striving to maintain their presence by introducing new probiotics products to cater to the increasing demand and consolidate their position. The adoption of strategies such as partnership, collaboration, and merger and acquisition by key players to expand their distribution network will favor market growth in the forthcoming years.
Key Industry Development:June 2020 – Pendulum Therapeutics announced the launch of Pendulum Glucose Control, the first-ever medical probiotic that is proven to lower blood sugar spike and A1C.
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Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent MarketIndustry SWOT AnalysisSupply Chain AnalysisRecent Industry Developments – Policies, Partnerships, New Product  Launches, and Mergers & AcquisitionsQualitative Analysis (in relation to COVID-19)Impact of COVID-19Supply Chain ChallengesPotential Opportunities due to COVID-19Global Probiotics Industry Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By Microbial Genus (Value)LactobacillusBifidobacteriumYeastBy Application (Value)Functional Foods & BeveragesDietary SupplementsAnimal FeedBy Distribution Channel (Value)Supermarkets/HypermarketsPharmacies/Health StoresConvenience StoresOnline RetailsOthersBy Region (Value)North AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!

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