Research Insights on Global Probiotics Market Size and Forecast to 2024

Global Probiotics Market is Expected to Witness Rapid Growth till 2024

The Global Probiotics Market was estimated at over USD 32 billion in 2015. Probiotics are living microorganisms enhance the immune system and help in various urological intestinal disorders.

 

provide health benefits beyond the traditional nutritional function therefore, they are considered as functional foods. The growth of the functional food industry is expected to drive the market in the coming years

 

Lack of awareness among the consumers about the benefits of probiotics in some regions can hinder market growth. The market is segmented into applications, end-users, and regions.

 

On the basis of applications the market is divided into dietary supplements, food & beverages, and animal feed. Food & beverages accounted for more than 80% of the total market revenue in 2015. This sector consists of bakery, breakfast cereals, dairy, fermented meat, fats & oils, fish & eggs, and soy products.

 

Browse Details of Report @ https://www.hexaresearch.com/research-report/probiotics-market

 

 

Dietary supplement demand is likely to witness the fastest growth during the forecast period. These supplements are commercially found in forms of capsules, powders, and tablets.

 

End-users include human probiotics and animal probiotics. Human probiotics accounted for over 90% of the total market in 2015. An increase in the standard of living and disposable income in LMEA (Latin America, the Middle East, & Africa) and Asia Pacific can impel market growth in the coming years.

 

Animal feed probiotics is anticipated to grow at a robustly till in the near future. Growing concerns about animal health due to the growth in the meat consumption and recent animal disease outbreaks are key factors that are anticipated to encourage global animal probiotics market.