Worldwide Probiotic Ingredients Market Analysis & Forecast 2018-2023 - Expected to Register a CAGR of 8.5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--The “Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End User (Human and Animal), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global probiotic ingredients market was valued at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, at a CAGR of 8.5% from 2018 to 2023.
The market is driven by factors such as the health benefits associated with probiotic-fortified foods, the increasing popularity of probiotic dietary supplements, participation of government bodies in the R&D of probiotics, and increasing global demand for superior-quality feed products.
Regulations on the maximum quantity of probiotics that can be added to the feed, processing methods, labeling, packaging, and storage conditions are projected to inhibit the growth of the probiotics market for feed.
Based on form, the probiotic ingredients market is segmented into dry and liquid. The liquid segment records the highest CAGR as it is relatively cheap in terms of storage and transportation.
The pharmaceutical segment is estimated to grow at the highest CAGR, as probiotic strains have multiple health benefits and are gaining commercial acceptance among manufacturers, pharmaceutical & drug developers, and end consumers.
The demand for probiotic-formulated food products in North America has increased, with the growing number of product launches at the consumer level.
The global probiotic ingredients market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, and RoW.
DriversHealth Benefits Associated With Probiotic-Fortified Foods Increasing Popularity of Probiotic Dietary Supplements Participation of International Bodies in the R&D of Probiotics Increasing Global Demand for Superior-Quality Feed Products
RestraintsInternational Quality Standards and Regulations for Probiotic Products
OpportunitiesEU Ban on Antibiotic Growth Promoters in Feed Increasing Demand for Probiotics in Developed Economies Promoting Probiotic Health Benefits Among Livestock Farmers
ChallengesComplexities in Integrating Probiotics in Functional Food Significant Operating Cost Proving the Efficacy of Probiotic Strains
Leading PlayersKerry (Ireland) DowDuPont (US) CHR. Hansen (Denmark) Biogaia (Sweden) Probi (Sweden) Glac Biotech (Taiwan) Bifodan (Denmark) Lallemand (Canada) UAS Laboratories (US) Biena (US)
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Regulatory Framework and Patents
7 Probiotic Ingredients Market, By Application
8 Probiotic Ingredients Market, By Source
9 Probiotics Ingredients Market, By Form
10 Probiotics Ingredients Market, By End User
11 Probiotic Ingredients Market, By Region
12 Competitive Landscape
13 Company ProfilesBiena Bifodan Biogaia Chr. Hansen DowDuPont GLAC Biotech Kerry Lallemand Probi UAS Laboratories
For more information about this report visit https://www.researchandmarkets.com/research/jdts7f/worldwide?w=4
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Related Topics:Health Food and Sports Nutrition,Food Ingredients
INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/02/2019 10:33 AM/DISC: 01/02/2019 10:32 AM