The probiotics market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account for USD 91.25 billion by 2027 growing at a CAGR of 7.12% in the above-mentioned forecast period.
The growing popularity of probiotic dietary supplements among customers is driving the growth of the probiotics market.
The health benefits associated with probiotic-fortified foods, participation of international bodies in the R&D of probiotic products, rising health consciousness among consumers, and technological advancement is likely to accelerate the growth of the probiotics market in the forecast period of 2020-2027. On the other hand, raising awareness about value-added products and ban on the usage of AGPS (antibiotic growth promoters) in feed in the EU, increase in demand for probiotics in developed economies will further boost various opportunities that are going to lead to the growth of the probiotics market in the above-mentioned forecast period.
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The major players covered in the probiotics market report
Chr. Hansen Holding A/S
Yakult Honsha Co., Ltd
Nestlé
DuPont
MORINAGA & CO., LTD.
BioGaia AB
Protexin
Daflorn Probiotics UK.
DANONE,
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately.
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