U.S. Probiotics Market share accounted for over 80% of the 2015 regional revenue

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Global Probiotics Market to reach USD 64.6
billion by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Probiotics Market

• Probiotics market is forecast to witness a
  significant growth over the next few years, due
  to its increasing application in functional food
  beverages, dietary supplements, and animal feed
  sectors. Probiotics is highly being adopted on
  account of its numerous health benefits to
  consumers such as blood pressure regulation,
  immunity against colon cancer and
  rotavirus-induced diarrhea, etc.
• According to Global Market Insights, Inc.
  Probiotics Industry size is projected to surpass
  USD 64 billion by 2023. Enhanced demand for
  probiotics in disease treatment along with
  growing health awareness among the consumers is
  expected to enhance the industry outlook over the
  coming years. Moreover, expanding poultry
  probiotics market is yet another vital factor
  contributing significantly towards the global
  industry share.

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Continued

• Probiotics market size in the animal feed sector
  is expected to grow at a rate of 8 over the
  period of 2016-2023. The growth can be credited
  to rise in livestock production along with the
  rising preference for high quality meat by the
  consumers.
• Functional foods beverages sector contributed
  significantly towards global probiotics industry
  share in 2015, and is expected to grow
  substantially over the forecast timeframe.
  Increase in consumption of dairy items, dry food,
  and cereals will drive the functional FB
  applications demand.
• Probiotics market revenue in the dietary
  supplements sector is expected to register
  significant gains of 8 over the coming six
  years, owing to growing product use in specialty
  nutrients, food supplements, infant formula, and
  nutritional supplements.
• On account of the global industry outlook, North
  America probiotics market is expected to register
  a CAGR of 6.5 over the forecast period. The
  growth can be credited to high demand for dietary
  supplements along with the booming healthcare
  sector. U.S. is predicted to drive the regional
  growth.

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Germany Probiotics Market size for food
applications, 2012-2023 (USD Billion)

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Continued.

• Asia Pacific probiotics industry is projected to
  grow at a rate of 7.5 over the period of
  2016-2023, owing to increase in number of
  health-conscious consumers along with large old
  age population base. China, Japan, and India are
  expected to be the key regional revenue pockets.
  
• LATAM probiotics market is expected to witness a
  high growth over the coming six years, owing to
  the growing popularity of specialty nutrients in
  the region. Brazil is projected to contribute
  considerably towards the regional share. MEA
  probiotics industry will grow noticeably over the
  next few years, with UAE and Saudi Arabia
  contributing substantially towards the overall
  revenue.
• Potential use of the probiotics as an ingredient
  in skin treatment products is expected to
  generate new avenues for the business growth and
  will help in promoting the cosmetic applications
  over the coming years. Key probiotics industry
  participants include Nestle, Danisco A/S, Arla
  Foods, Chr Hansen, Yakult, Lallemand
  Incorporation, Nebraska Cultures, Danone, BioGaia
  AB, and Probi AB.

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