Probiotic Products Market Size to Grow by USD 26.85 mn from 2020 to 2025 | Archer Daniels Midland Co. and BioGaia AB among Key Vendors | Technavio

NEW YORK, Nov. 17, 2021 /PRNewswire/ — The probiotic products market is set to grow by USD 26.85 mn, progressing…

NEW YORK, Nov. 17, 2021 /PRNewswire/ — The probiotic products market is set to grow by USD 26.85 mn, progressing at a CAGR of  7.71%, from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

Probiotic Products Market 2021-2025: Segmentation

  • Product
    • Probiotic Functional Food And Beverages
    • Probiotic Personal Care Products
    • Probiotic Dietary Supplements
    • Probiotic Animal Care Products
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America
  • End-user
    • Human
    • Animal

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Probiotic Products Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the probiotic products market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Archer Daniels Midland Co., BioGaia AB, Chr. Hansen Holding AS, Danone SA, DuPont de Nemours Inc., Lallemand Inc., Lifeway Foods Inc., Nestle SA, Probi AB, and Yakult Honsha Co. Ltd.

The increase in new product launches, the rising awareness of the benefits of probiotic supplements, and the increase in the elderly population will offer immense growth opportunities. However, high prices in developing countries will hamper the market growth.

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Regional Analysis

Technavio’s market research report provides detailed information on the competitive intelligence, marketing gaps, and regional opportunities for vendors to help companies create efficient business plans. According to our analysis, APAC is expected to account for 39% of the market’s growth during the forecast period. China and Japan will be the key countries for the probiotic products market in APAC. Moreover, the growth of the market in APAC is expected to be faster than the growth of the market in other regions. The extensive use of dairy products will be one of the factors that will drive the probiotic products market growth in APAC during the forecast period.

Probiotic Products Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist probiotic products market growth during the next five years
  • Estimation of the probiotic products market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the probiotic products market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of probiotic products market vendors

Related Reports:

  • Nutraceuticals Market: The nutraceuticals market has been segmented by product (functional food, functional beverages, and dietary supplements) and geography (North America, APAC, Europe, South America, and MEA). Download Free Sample Report
  • Probiotic Dietary Supplements Market: The probiotic dietary supplements market has been segmented by application (nutritional supplements, specialty nutrients, food and beverages, and Infant formula) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report

Probiotic Products Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.71%

Market growth 2021-2025

USD 26.85 million

Market structure

Fragmented

YoY growth (%)

7.45

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, Japan, China, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Archer Daniels Midland Co., BioGaia AB, Chr. Hansen Holding AS, Danone SA, DuPont de Nemours Inc., Lallemand Inc., Lifeway Foods Inc., Nestle SA, Probi AB, and Yakult Honsha Co. Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download Latest Free Sample Report for additional highlights on the probiotic products market.

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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