Probiotics Market Analysis Report, Share, Growth, Trend, and Forecast, 2024

1. Probiotics market to cross USD 64 billion by 2023 : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

2. KeyInsights from Probiotics market : • It was during 1980s when the concept of functional food first took its commercial shape in Japan. Since then, the business space for functional food has been expanding and will continue to rise over the coming years. Functional foods are referred to as the food additives with health benefits. • The growing awareness among the consumers pertaining to the relation between health, nutrition, and diet is basically propelling the demand for these functional food products. One of the most popular names in this industry is ‘Probiotics’ which has become the eye-catcher for the food manufacturers to increase their product’s value. According to Global Market Insights, Inc. “the global probiotics market worth USD 36.6 billion in 2015, is anticipated to surpass a revenue of USD 64 billion by 2023.”

3. Continued... • Probiotics are gaining utter significance owing to their high nutritional value and their ability to strengthen the immune system. These are referred to as ‘good’ bacteria which are capable of keeping the gut or the abdominal system healthy. Moreover, the researchers are continuously exploring the new benefits associated with the probiotics and are encouraging the intake of these friendly bacteria. For instance, a recent finding suggests that probiotics are proving to be of a high value in helping people with ailments such as diabetes, sugar levels, and Alzheimer’s disease. • The consumption of probiotics is popular among the humans as well as the animals. The rising livestock production and the growing meat consumption worldwide are encouraging the intake of probiotics in animals. Animal feed probiotics market having had a market share of USD 2.46 billion in 2015, is estimated to grow rapidly over the coming years, with revenue estimations of USD 4.2 billion by 2023.

4. U.S. probiotics market size, by application, 2012 – 2023 (USD Million)

5. Browse Full Market Research Report On Probiotics market @ https://goo.gl/8XJYtN Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/418

6. 360° Analysis • Application Trends • Functional food & beverages segment accounted for over 80% of the probiotics market share in 2015. Dairy products, cereals, baked food, fermented meat, and dry food were the major products. Positive results along with no evidence reported digestive problem after consumption will create new avenues in the industry. • Regional Trends • U.S is likely to observe 7% CAGR from 2016 to 2023. This is due to larger dietary supplements acceptance and focus on preventive healthcare facilitates. U.S. probiotics market share accounted for over 80% of the 2015 regional revenue. • Competitive Market Share • Danone, a France based food company enjoyed a global industry share of over 15% in 2015, followed by Japan based Yakult Honsha, while the other key players included Danisco A/S, Nestle, Chr Hansen, Arla Foods, Lallemand Inc. and Probi. Signifying the increasing health issues such as diarrhea, Chr. Hansen developed a product which eases diarrhea by preventing or minimizing dehydration. Probiotics nutrient suppliers are in the process to advance personalized nutrients for blending with the diversified probiotics ingredients.

7. Stay In Touch Website: www.gminsights.com Social Media: