Global Probiotics Market Expected To Reach $ 51.6 Billion By 2020 With A CAGR Of 7.12%

Date: 2016-09-18

Probiotic market is expected to experience steady growth over the forecast period. Probiotics are live microorganisms which help to sustain the balance of organisms in the intestines. When administered in adequate amounts, they confer health benefits and provide prevention from diseases to the host. It can be formulated into many different types of products such as foods, beverages, dietary supplements and animal feed. In dietary supplements, probiotics can be used as capsule, tablet or in powder form. Species of streptococcus, bifidobacterium and lactobacillus are most commonly used types of probiotics strains, but some bacillus and E. coli species and the yeast are also used as probiotics.

The global Probiotics market was estimated at USD$ 36.6 billion in 2015, and is anticipated to reach USD$ 51.6 billion by 2020, expanding at a CAGR of 7.12% between 2016 and 2020. Surge in the functional food demand is expected to benefit the overall probiotics market trends. This concept is gaining popularity because consumers are getting aware of the link between health, diet and nutrition.

Probiotics are part of the much larger functional food and beverages market and is one of the prime beneficiaries of the latest growth trend of fortified and functional foods. Until 2013, Japan, the U.S, and Western Europe were the largest markets for probiotics, both in terms of consumption as well as growth. Since 2013, Asia Pacific, Eastern Europe and Brazil have a tremendous rise in revenue for probiotics and are expected to remain so in the product growth stage over the next five years. The Middle East, Africa and other countries in Rest of the World (RoW) are the latest potential markets and are showing exceptional growth in consumption of probiotics. These regions are forecast to have continued growth and will be the future epicenters of global probiotics sales by 2020.

In 2015, yogurts accounted for over 57% of the probiotic dairy products industry revenue and over 50% of the global probiotics market size. Growing gut health awareness has been driving per capita expenditure on these ingredients across key regions. Prevalence of digestive disorders in Japan, the U.S., and Western Europe will benefit demand.

Food & beverage applications are the most prevalent usage segments for the industry, with over 84% of global revenue in 2015. Indeed, these ingredients were introduced to consumers via mediums such as yogurts & yogurt-based drinks, cereals, bakery goods and dried foods.
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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520

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