Probiotics are bacteria and yeast-like microorganisms that help humans and animals maintain intestinal microbial balance. Probiotic ingredients activate the body's own digestive juices and enzymes to ensure proper digestive system operation. Probiotics also shield healthy organisms from their harmful counterparts. Probiotics are also used to diagnose mental illness, treat digestive issues, and treat neurological disorders.
The "Global Probiotics Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the probiotics market with detailed market segmentation by type and application. The report provides key statistics on the market status of the leading probiotics market players and offers key trends and opportunities in the market.
- Based on type, the global probiotics market is segmented into bifidobacterium, lactobacillus and others.
- On the basis of application, the market is segmented into functional food & beverages, dietary supplements, animal nutrition and others.
- 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.
- Probiotics can be used as supplements or as ingredients in foods and beverages. Their integration of low-cost, high-nutrition products like yoghurt, fruit juices, and fermented dairy drinks drive the market growth for probiotics market.
- The product's high costs are limiting market expansion.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The probiotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the probiotics market in these regions.
IMPACT OF COVID-19 ON PROBIOTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the probiotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from probiotics market are anticipated to lucrative growth opportunities in the future with the rising demand for probiotics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the probiotics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Danone S.A.
- Yakult Honsha Co., Ltd.
- Nestlé S.A
- Kerry Group Plc
- Chr. Hansen Holding A/S,
- MORINAGA and CO., LTD.,
- BioGaia AB,
- Daflorn Probiotics UK.
- Deerland Enzymes, Inc.,
- UAS Laboratories
- SANZYME BIOLOGICS PVT. LTD
- Aumgene Biosciences
- Unique Biotech
- Karyotica Biologicals Pvt Ltd
- Mystical Biotech Pvt Ltd.
- Pangoo Biotech All
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.