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| A00192 | Pages: 125 | Aug 2016 | 31807 Views | | |
| Author(s) : Preksha Verma | Tables: 43 | Charts: 80 |
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Probiotics Market is expected to garner $57.4 billion by 2022, registering a CAGR of 7.7% during the forecast period 2016-2022. Probiotics are microorganisms, such as bacteria and yeast that benefit humans and animals by maintaining intestinal microbial balance. Probiotic ingredients stimulate natural digestive juices and enzymes in the body to ensure proper functioning of the digestive system, and can be administered through food or in the form of supplements. In addition, probiotics protect healthy organisms from harmful counterparts. Nowadays, probiotic products are employed to diagnose mental illness, and treat digestive problems and neurological disorders. Moreover, they strengthen the human immune system, protect proteins & lipids from oxidative destruction, and reduce body pathogens. Probiotic ingredients are sold in the form of capsules, tablets, powders, and gel.
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The major factor boosting the market growth is increasing consumer preference for natural products. Increasing concerns of consumers on preventive healthcare and effectiveness of probiotic bacteria on health drive the market growth. The demand of probiotics has increased due to upsurge in consumption of functional foods, which have potentially positive effects on health apart from providing basic nutrition. Apart from this, factors such as ban on the usage of antibiotics in animal feed in several European and North American countries, increasing product innovations in the form of chocolates, biscuits & others, increasing demand of probiotic based medicines due to proven positive results for reducing risk of chronic diseases such as diarrhoea & bowel diseases related to antibiotic use and rising demand for fermented food in daily diet. Additionally, increasing disposable income and improved standards of living in developing economies supplement the market growth.
World Probiotics Market Segmentation
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Key players operating in this market include BioGaia AB, Danone, Chr. Hansen Holding A/S, Yakult Honsha Co. Ltd., Probi AB, Lifeway Foods, Inc., Nestle S.A., Ganeden, Inc., E. I. du Pont de Nemours and Company, and Protexin.
Top Factors Impacting the World Probiotics Market
Growing health concerns: At present, majority of people suffer from obesity problems, digestive problems, gastrointestinal infections, vaginal infection, and others. With this aspect in consideration, players operating in this market are in the process of developing probiotic products that help them to cure such types of diseases. The effect of growing health concern is moderate in the probiotics market, and its impact is expected to increase in the near future.
Low awareness among consumers: Currently, the awareness of probiotics products among consumers is low, but several publications, functional food fact sheets, and conferences by International Food Information Council (IFIC) are expected to create awareness regarding their benefits.
Increasing investment on R&D: Considerable increase in health concerns largely supplements the market growth in developing countries such as India and China. Nowadays, companies have established their own R&D centers to cater to the needs of the industry and thus remain competitive in the market. In the future, huge investment in R&D activities is anticipated to improve the quality of the probiotic products.
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Top Winning Strategies
Product launch is the key growth strategy adopted by market players, followed by collaboration & agreement, expansion, and acquisition. Several companies have developed innovative products to enhance their product portfolio. Product launch is widely adopted by various companies to increase their market outreach and serve global customers.
Segment Overview:
The world probiotics market is segmented based on ingredient, application, function, end use, and geography. It is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA along with their prominent respective countries.
Based on end use, the market is bifurcated into human probiotics and animal probiotics. Human probiotics ingredients is the major revenue contributor in the overall probiotic market.
Probiotics are live microorganisms that, when consumed in appropriate amount, provide health benefits to humans. Human probiotics are used to treat problems of the digestive tract. In addition, they are used to treat diarrhea and cramps caused by antibiotics.
Growing health concerns and rising awareness have augmented the demand for probiotics among consumers, thus resulting in the rise of probiotics dairy and food products. Consumers opt for probiotics dairy products such as yogurt, ice cream, and cheese to take in beneficial bacteria, in addition to available medical health supplements. Probiotic yogurt is the most common probiotic product preferred by consumers.
Probiotic foods such as yogurt and kefirs consist of probiotic bacteria, either in powdered or liquid form. Yeast probiotics are used for therapeutic purposes also. The bacteria segment accounted for maximum revenue share in 2014, and is anticipated to consolidate its position during the forecast period, owing to its health benefits such as improved lactose digestion, prevention of urogenital infections, and treatment of allergies. Ice creams with probiotics are also being launched as they are considered beneficial for oral health.
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CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Porters Five forces analysis
3.3.1 Growing number of market players results in moderate bargaining power of buyers
3.3.2 Limited number of quality raw material suppliers increases the bargaining power of suppliers
3.3.3 Well established industry giants and huge investment limits the emergence of new entrants
3.3.4 Lack of viable substitute leads to low threat of substitutes
3.3.5 Well-established brands and growing market lead to moderate rivalry among competitors
3.4 Value chain analysis
3.5 Market share analysis, 2015
3.6 Market dynamics
3.6.1 Drivers
3.6.1.1 Growing health concerns
3.6.1.2 Rising consumption of functional foods
3.6.1.3 Increasing investment on research & development
3.6.2 Restraints
3.6.2.1 Low awareness level among consumers about effectiveness of probiotic products
3.6.2.2 Government regulations
3.6.3 Opportunities
3.6.3.1 Rising demand of probiotic products in developing nations
3.6.3.2 Creating awareness about the benefits of probiotics
CHAPTER 4 WORLD PROBIOTICS MARKET, BY INGREDIENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Bacteria
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.3 Yeast
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
CHAPTER 5 WORLD PROBIOTICS MARKET, BY FUNCTION
5.1 Overview
5.1.1 Market size and forecast
5.2 Regular
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.3 Preventative healthcare
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.4 Therapeutic
5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
CHAPTER 6 WORLD PROBIOTICS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Food & Beverage
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.3 Dietary supplements
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.4 Animal feed
6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
CHAPTER 7 WORLD PROBIOTICS MARKET, BY END USE
7.1 Overview
7.1.1 Market size and forecast
7.2 Human probiotics
7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast
7.3 Animal probiotics
7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast
CHAPTER 8 WORLD PROBIOTICS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 Key market trends
8.2.2 Key growth factors and opportunities
8.2.3 Market size and forecast
8.2.3.1 U.S.
8.2.3.2 Mexico
8.2.3.3 Canada
8.3 Europe
8.3.1 Key market trends
8.3.2 Key growth factors and opportunities
8.3.3 Market size and forecast
8.3.3.1 UK
8.3.3.2 Germany
8.3.3.3 France
8.3.3.4 Italy
8.3.3.5 Rest of Europe
8.4 Asia-Pacific
8.4.1 Key market trends
8.4.2 Key growth factors and opportunities
8.4.3 Market size and forecast
8.4.3.1 China
8.4.3.2 Japan
8.4.3.3 India
8.4.3.4 Rest of Asia-Pacific
8.5 LAMEA
8.5.1 Key market trends
8.5.2 Key growth factors and opportunities
8.5.3 Market size and forecast
8.5.3.1 Latin America
8.5.3.2 Middle East
8.5.3.3 Africa
CHAPTER 9 COMPANY PROFILE
9.1 Yakult Honsha Co., Ltd.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Business performance
9.1.4 Operating business segments
9.1.5 Strategic moves & developments
9.2 BioGaia AB
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Business performance
9.2.4 Operating business segments
9.2.5 Strategic moves & developments
9.3 Danone
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Business performance
9.3.4 Operating business segments
9.3.5 Strategic moves & developments
9.4 E. I. du Pont de Nemours and Company
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Business performance
9.4.5 Strategic moves & developments
9.5 Probi AB
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Business performance
9.5.4 Operating business segments
9.5.5 Strategic moves & developments
9.6 Ganeden, Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Strategic moves and developments
9.7 Protexin
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Strategic moves and developments
9.8 Nestle S.A.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Business performance
9.8.4 Operating business segments
9.8.5 Strategic moves and developments
9.9 Chr. Hansen Holding A/S
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Business performance
9.9.4 Operating business segments
9.9.5 Strategic moves and developments
9.10 Lifeway Foods, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Business performance
9.10.4 Operating business segments
9.10.5 Strategic moves and developments
List of Figures
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN PROBIOTICS MARKET
FIG. 3 TOP WINNING STRATEGY ANALYSIS (% COMPARISON)
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 PORTERS FIVE FORCES ANALYSIS
FIG. 6 VALUE CHAIN ANALYSIS OF PROBIOTICS MARKET
FIG. 7 MARKET SHARE ANALYSIS, 2015
FIG. 8 WORLD PROBIOTICS MARKET, BY INGREDIENT, 2014 & 2022 (% SHARE)
FIG. 9 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF BACTERIA BASED PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 10 WORLD BACTERIA BASED PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 11 WORLD BACTERIA BASED PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 12 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF YEAST BASED PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 13 WORLD YEAST BASED PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 14 WORLD YEAST BASED PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 15 WORLD PROBIOTICS MARKET, BY FUNCTION, 2014 & 2022 (% SHARE)
FIG. 16 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF REGULAR FUNCTION PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 17 WORLD REGULAR PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 18 WORLD REGULAR PROBIOTICS MARKET BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 19 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF PREVENTIVE HEALTHCARE FUNCTION MARKET, 2014 & 2022 (%)
FIG. 20 WORLD PREVENTIVE HEALTHCARE PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 21 WORLD PREVENTIVE HEALTHCARE PROBIOTICS MARKET BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 22 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF THERAPEUTIC FUNCTION IN PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 23 WORLD THERAPEUTIC PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 24 WORLD THERAPEUTIC PROBIOTICS MARKET BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 25 WORLD PROBIOTICS MARKET, BY APPLICATION, 2014 & 2022 (% SHARE)
FIG. 26 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF FOOD & BEVERAGE SECTOR IN PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 27 WORLD FOOD & BEVERAGES PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 28 WORLD FOOD & BEVERAGE PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 29 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF DIETARY SUPPLEMENTS SECTOR IN PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 30 WORLD DIETARY SUPPLEMENTS PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 31 WORLD DIETARY SUPPLEMENTS PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 32 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF ANIMAL FEED SECTOR IN PROBIOTICS, 2014 & 2022 (%)
FIG. 33 WORLD ANIMAL FEED PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 34 WORLD ANIMAL FEED PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 35 WORLD PROBIOTICS MARKET, BY END USE, 2014 & 2022 (% SHARE)
FIG. 36 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF HUMAN PROBIOTICS IN PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 37 WORLD HUMAN PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 38 WORLD HUMAN PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 39 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF ANIMAL PROBIOTICS IN PROBIOTICS MARKET, 2014 & 2022 (%)
FIG. 40 WORLD ANIMAL PROBIOTICS MARKET REVENUE, 2014 - 2022 ($MILLION)
FIG. 41 WORLD ANIMAL PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 (%)
FIG. 42 WORLD PROBIOTICS MARKET REVENUE, BY GEOGRAPHY (PERCENTAGE COMPARISON), 2015
FIG. 43 U.S. PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 44 MEXICO PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 45 CANADA PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 46 UK PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 47 GERMANY PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 48 FRANCE PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 49 ITALY PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 50 REST OF EUROPE PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 51 CHINA PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 52 JAPAN PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 53 INDIA PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 54 REST OF ASIA-PACIFIC PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 55 LATIN AMERICA PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 56 MIDDLE EAST PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 57 AFRICA PROBIOTICS MARKET, 2014 - 2022 ($MILLION)
FIG. 58 YAKULT HONSHA CO., LTD.: NET SALES, 2012 - 2015 ($MILLION)
FIG. 59 YAKULT HONSHA CO., LTD: NET SALES BY BUSINESS SEGMENT (%), 2015
FIG. 60 YAKULT HONSHA CO., LTD: NET SALES BY GEOGRAPHY (%), 2015
FIG. 61 BIOGAIA AB: NET SALES, 2013 - 2015 ($MILLION)
FIG. 62 NET SALES: BIOGAIA AB, BY BUSINESS SEGMENT (%), 2015
FIG. 63 NET SALES: BIOGAIA AB, BY GEOGRAPHY (%), 2015
FIG. 64 DANONE: NET SALES, 2013 - 2015 ($MILLION)
FIG. 65 DANONE: NET SALES, BY BUSINESS SEGMENT (%), 2015
FIG. 66 DANONE: NET SALES BY GEOGRAPHY (%), 2015
FIG. 67 E. I. DU PONT DE NEMOURS AND COMPANY: NET SALES, 2013 - 2015 ($MILLION)
FIG. 68 E. I. DU PONT DE NEMOURS AND COMPANY: NET SALES, BY SEGMENT (%), 2015
FIG. 69 PROBI AB: NET SALES, 2013 - 2015 ($MILLION)
FIG. 70 PROBI AB: NET SALES BY BUSINESS SEGMENT (%), 2015
FIG. 71 PROBI AB: NET SALES BY GEOGRAPHY (%), 2015
FIG. 72 NESTLE S.A.: NET SALES, 2013 - 2015 ($MILLION)
FIG. 73 NESTLE S.A.: NET SALES, BY BUSINESS SEGMENT (%), 2015
FIG. 74 NESTLE S.A.: NET SALES, BY GEOGRAPHY (%), 2015
FIG. 75 CHR. HANSEN HOLDING A/S: NET SALES, 2013 - 2015 ($MILLION)
FIG. 76 CHR. HANSEN HOLDING A/S: NET SALES BY BUSINESS SEGMENT (%), 2015
FIG. 77 CHR. HANSEN HOLDING A/S: NET SALES BY GEOGRAPHY (%), 2015
FIG. 78 LIFEWAY FOODS INC.: NET SALES, 2013 - 2015 ($MILLION)
FIG. 79 LIFEWAY FOODS INC.: NET SALES BY BUSINESS SEGMENT (%), 2015
FIG. 80 LIFEWAY FOODS INC.: NET SALES BY GEOGRAPHY (%), 2015
List of Tables
TABLE 1 WORLD PROBIOTICS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 2 WORLD PROBIOTICS MARKET, BY INGREDIENT, 2014 - 2022 ($MILLION)
TABLE 3 WORLD BACTERIA BASED PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 4 WORLD YEAST BASED PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 5 WORLD PROBIOTICS MARKET BY FUNCTION, 2014 - 2022 ($MILLION)
TABLE 6 WORLD REGULAR PROBIOTICS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 7 WORLD PREVENTIVE HEALTHCARE PROBIOTICS MARKET BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 8 WORLD THERAPEUTIC PROBIOTICS BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 9 WORLD PROBIOTICS MARKET BY APPLICATION, 2014 - 2022 ($MILLION)
TABLE 10 WORLD FOOD & BEVERAGES PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 11 WORLD DIETARY SUPPLEMENTS PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 12 WORLD ANIMAL FEED PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 13 WORLD PROBIOTICS MARKET BY END USE, 2014 - 2022 ($MILLION)
TABLE 14 WORLD HUMAN PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 15 WORLD ANIMAL PROBIOTICS MARKET, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 16 NORTH AMERICA PROBIOTICS MARKET, BY APPLICATION, 2014 - 2022 ($MILLION)
TABLE 17 NORTH AMERICA PROBIOTICS MARKET, BY COUNTRY, 2014 - 2022 ($MILLION)
TABLE 18 EUROPE PROBIOTICS MARKET, BY APPLICATION, 2014 - 2022 ($MILLION)
TABLE 19 EUROPE PROBIOTICS MARKET, BY COUNTRY, 2014 - 2022 ($MILLION)
TABLE 20 ASIA-PACIFIC PROBIOTICS MARKET, BY APPLICATION, 2014 - 2022 ($MILLION)
TABLE 21 ASIA-PACIFIC PROBIOTICS MARKET, BY COUNTRY, 2015 - 2022 ($MILLION)
TABLE 22 LAMEA PROBIOTICS MARKET, BY APPLICATION, 2014 - 2022 ($MILLION)
TABLE 23 LAMEA PROBIOTICS MARKET, BY COUNTRY, 2014 - 2022 ($MILLION)
TABLE 24 YAKULT HONSHA CO., LTD. - COMPANY SNAPSHOT
TABLE 25 YAKULT HONSHA CO., LTD.- OPERATING SEGMENTS
TABLE 26 BIOGAIA AB - COMPANY SNAPSHOT
TABLE 27 BIOGAIA AB- OPERATING SEGMENTS
TABLE 28 DANONE - COMPANY SNAPSHOT
TABLE 29 DANONE - OPERATING SEGMENTS
TABLE 30 E. I. DU PONT DE NEMOURS AND COMPANY- COMPANY SNAPSHOT
TABLE 31 E. I. DU PONT DE NEMOURS AND COMPANY - OPERATING SEGMENTS
TABLE 32 PROBI AB - COMPANY SNAPSHOT
TABLE 33 PROBI AB - OPERATING SEGMENTS
TABLE 34 GANEDEN, INC - COMPANY SNAPSHOT
TABLE 35 GANEDEN, INC - OPERATING SEGMENTS
TABLE 36 PROTEXIN - COMPANY SNAPSHOT
TABLE 37 PROTEXIN - OPERATING SEGMENTS
TABLE 38 NESTLE S.A. - COMPANY SNAPSHOT
TABLE 39 NESTLE S.A.- OPERATING SEGMENTS
TABLE 40 CHR. HANSEN HOLDING A/S - COMPANY SNAPSHOT
TABLE 41 CHR. HANSEN HOLDING A/S- OPERATING SEGMENTS
TABLE 42 LIFEWAY FOODS, INC. - COMPANY SNAPSHOT
TABLE 43 LIFEWAY FOODS, INC. - OPERATING SEGMENTS
Increasing awareness regarding health benefits of probiotics and their role in weight management, growing demand for dairy-based natural products, and ban on usage of antibiotics in various diseases lead to the widespread adoption of probiotics among consumers.
In the current market scenario, Asia-Pacific leads the probiotics market, followed by Europe. LAMEA is also expected to grow at a steady rate in the future. The growth of this market is anticipated to be driven by the increasing pharmaceutical & supplements sector, technological advancements in processing, drying and storage methods coupled with increasing per capita income.
A wide range of probiotic products are available in the market, which are manufactured to serve specific requirements of the consumers. Bacteria-derived probiotics are most popular is Asian countries for its usage in the food & beverages industry, as these products improve the immunological, neurological, and digestive systems. Other industries such as dietary supplements and animal feed are also adopting bacteria & yeast-derived probiotic products owing to their benefits such as effectiveness in preventing & treating health conditions such as lipid metabolism, infectious diarrhea, asthma & others.
Yakult Honsha Co., Ltd., Danone and Nestle S.A. are key players in the probiotics market. These companies have established a strong global foothold while introducing varieties of probiotic food products such as yogurts, health drinks, ice creams, and others.
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