Global Probiotics Market to Witness Rapid Growth in Demand during 2019-2025. One of the major factor expected to drive the market in upcoming years is strong demand for healthy products among consumers, for instance probiotics. In addition, probiotics is an important portion of functional foods & beverages and also well-recognized for better gut functionality as well as boosting immunity boost.
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Furthermore, rising demand for probiotic dietary supplements as well as nutritive supplements for animals is expected to fuel the growth of probiotic market in forthcoming years. Moreover, probiotics not only enable better immunity to digestive health but also has other benefits like providing better oral health, skin health, feminine health, weight control & diabetes, sport endurance, cognitive health and cardiovascular health. Similarly, fermented beauty products rich in nutrients as well as other elements, including antioxidants, probiotics and vitamins are further spurring the probiotics market growth. On the other hand, stringent regulations by government plus certain technological hurdles are some major factors that are expected to restraint the market growth in upcoming years.
The global market of probiotic has been segmented by different packaging types, distribution channels, forms and geography. Further packaging type segment has been bifurcated into blisters, containers, bottles, sachets, droppers, stick packs and others. Container sector of the segment is expected to lead the market with significant highest CAGR in terms of revenue over the forecast period.
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Likewise, form segment of the global probiotics market has been sub-segmented into liquid as well as dry. Dry sub-division has further been categorized as capsules, tablets/ caplets, powder/ granules and chewables. Additionally, dry segment is probable to rule the market over forecast spell because of the accessibility of superior product variants coupled with rising product offerings in powder/granule forms. Also, distribution channel of the Probiotics market across the globe is sub-divided into pharmacies/ drugstores, hypermarkets/ supermarkets, specialty stores and online sales.
Geographically, the market has been divided into several key regions including North America, Europe, Latin America, Asia Pacific and Middle East & Africa. North America and Europe regions are likely to govern the global probiotic market with highest value share over the forecast spell trailed by Asia Pacific region. Moreover, Asia pacific region is anticipated to become one of the most prominent market by the end of 2025 owing to growing product penetration as well as increasing awareness as a result of promotional events.
Some of the key players operating in the competitive landscape of global Probiotics market include BioGaia AB, Chr. Hansen Holding A/S, DowDuPont Inc., Probi AB, Nestlé S.A., The Procter & Gamble Company, Lallemand Inc. Pfizer Inc., Probiotics International Limited, PharmaCare Laboratories, SymbioPharm GmbH, Dr. Willmar Schwabe Group and others.
Key segments of the global Probiotics market include:
Packaging Type Segment
- Stick Packs
Distribution Channel Segment
- Specialty Stores
- Online Sales
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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What to expect from the upcoming report on ‘Global Probiotics Market’:
- Analyzes future prospects as well as global & US Probiotics Market trends over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including end-user, business model and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis
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