Probiotic Market - Global Industry Analysis, Size, Share, Growth and Forecast 2014 – 2020
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Date Submitted: 09/11/2015 02:28 AM
Transparency Market
Research
Probiotic Market - Global Industry Analysis, Size, Share,
Growth and Forecast 2014 - 2020
Published Date
22-05-2015
106 Page Report
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Press Release
Probiotic Market is expected to reach USD 96,046.8 million in
2020
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Probiotic Market
REPORT DESCRIPTION
According to a new market report published by Transparency Market Research Probiotic Market - Global
Industry Analysis, Size, Share, Growth and Forecast, 2014 - 2020, global probiotic market was valued at
USD 58,700.3 million in 2013 and is expected to reach USD 96,046.8 million by 2020, growing at a CAGR of
7.4% from 2014 to 2020. Asia Pacific is expected to dominate the global probiotics market in terms of
demand over the forecast period. Further, Asia Pacific is expected to be the most promising market for
probiotics in the coming years.The global probiotics market is primarily driven by growing demand for
probiotic yogurt and growing consumption of functional food and beverages. However, the restraining
factor of the probiotics market is lack of standardization and high cost of probiotic-enriched products.
Food and beverages segment held the largest market share in 2013. Probiotic food and beverages market
is expected to grow at a CAGR of 7.2% from 2014 to 2020. Following food and beverages, the market for
dietary supplements and animal feed are also witnessing steady growth.Asia Pacific is the market leader in
the global probiotics market, growing at a CAGR of 7.1% from 2014 to 2020. Europe is the other major
region where probiotic sales are increasing significantly. In Asia Pacific, Japan and China are the major
market at present followed by Australia and India. Other regions are also showing steady growth. In
Europe, Germany and France...
