Probiotics Market Research Reports & Industry Analysis, 2016 – 2024

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

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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 Alzheimers 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.

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

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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.

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