Global market for probiotics to reach $36.7 billion in 2018
BCC Research reveals in its new report,The Probiotics Market: Ingredients, Supplements, Foods, the…BCC Research reveals in its new report,The Probiotics Market: Ingredients, Supplements, Foods, the global market for probiotic ingredients, supplements, and foods is expected to grow to $36.7 billion by 2018, with a five-year compound annual growth rate (CAGR) of 6.2%. The supplements category, the fastest growing segment, is expected to register a significant CAGR of 11.5%.
The company notes that probiotics are used in the manufacture of dietary supplements that are sold in the form of capsules, tablets, powders, topical pastes and gels for human use as well as in animal feed for pets and farm animals. The foods category, by far the largest segment in the overall market is expected to reach $33.5 billion by 2018, and register a CAGR of 6%.
However, the supplements segment, which was valued at nearly $1.2 billion in 2013, is projected to jump to $2 billion in 2018.
“Companies with the right mix of access to proprietary probiotic strains, appropriate processing technologies and distribution networks dominate the industry, and are successfully expanding the range of probiotic-enhanced products globally,” said BCC Research food and beverage analyst Rachel Agheyisi. “However, as probiotics go mainstream, regulatory oversight is tightening, as exemplified by the situation in the European Union.”
The Probiotics Market: Ingredients, Supplements, Foods is described as providing an overview of the global probiotics market, with coverage of the manufacture of probiotics as ingredients and their applications in dietary supplements and foods. It includes analyses of global market trends, with data from 2012 and 2013, and projections of CAGRs through 2018.
The report discusses the importance of scientific research, product innovation, consumer awareness and preferences, and government regulatory requirements, and includes a focus on probiotic-enhanced products designed for human use, as well as the market potential for products developed for pets and veterinary animals.
In addition, it examines historical trends in global and regional sales of probiotics, industry structure, patents and technologies, and current government regulatory requirements that are relevant to the industry. Company profiles of major players in the industry are also included.
