Probiotics Market Insights, Trends, Growth Potential, Size, Share, Competitive Analysis and Forecast by 2027

The global probiotics market size is expected to reach USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027. This information is published by Fortune Business Insights in its report, titled "Probiotics Market, 2020-2027". The report further mentions that the market stood at USD 48.88 billion in 2019. The growing consumption of nutritional food among the health conscious section of the market is gaining popularity in recent years. For instance, the Nutrition Society of Malaysia has also introduced the Probiotics Education Program to educate consumers on the health benefits of these products.

List of Top 10 Key Players Profiled in the Probiotics Market:

Danone S.A. (Paris, France)
Lallemand Inc. (Canada)
Yakult Honsha (Japan)
Nestle S.A. (Vevey, Switzerland)
DuPont (Danisco A'S) (Delaware, United States)
Chr. Hansen (Horsholm, Denmark)
Kerry Inc. (Tralee, Ireland)
Post Holdings, Inc. (Missouri)
Pepsico, Inc. (New York, United States)
Evolve Biosystems, Inc. (Davis, California)
Driving Factor

Rising Awareness of Product through Social Mediums to Surge Demand

The numerous health benefits of the product are augmenting the probiotics market growth. The increasing awareness and advertisement by prominent personalities are creating a demand in the market. Various athletes and yoga instructors are emphasizing the health benefits of nutraceuticals through social media as paid partnerships. Also, a considerable chunk of health-conscious vegan consumers prefers to get their nutrients from nutraceutical sources. The industry is also experiencing heavy investment in research and development for innovation. For example, in February 2020, Amorepacific Group inaugurated its novel green tea probiotics Research Centre for studying lactobacillus found in Jeju organic green tea.

Regional Insights

Rising Awareness of Health Benefits to Aid Growth in Asia Pacific

Asia-pacific is expected to hold the largest probiotics market share due to high consumption in China and Japan. The rising awareness of the health benefits of the product is garnering significant demand from the region. For instance, Yakult Honsha declared the company sales of 9,540 bottles of Yakult every day in Japan.

North America is anticipated to showcase considerable growth in the forthcoming years. This is due to the well-established food industry in the region. Moreover, a rising preference for a healthy diet owing to the prevalence of lifestyle diseases in the region is anticipated to incur product demand.

Competitive Landscape

Collaboration by Prominent Companies to Brighten Their Market Prospects

The competitive landscape of the market for probiotics enlightens us with details on prominent players of this industry. Technological advancement by key players is being researched to gain traction in the market. Several market giants are also collaborating on production facilities to expand their business horizons. Some companies are also using awareness campaigns to strategically introduce their products in regions with minimal awareness to expand their horizons. Several more strategic collaborations, acquisitions, partnerships, product launches, technological advancement, and others are spread across the market horizon of this product.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessins....ights.com/industry-r

The global military robot market size is expected to reach USD 25.66 billion by 2027, exhibiting a CAGR of 12.2% during the forecast period. The amalgamation of technologies such as artificial intelligence, real-time data monitoring, and the Internet of Things (IoT) has accelerated the demand for military robots in modern warfare, thus aiding the market. These robots can track, record, and perform required counter-attacks on the targets located far away from the soldiers, hence easily identifying enemies on the ground sea, or air.
Information Source:
https://www.fortunebusinessins....ights.com/military-r

The global aerospace 3D printing market size stood at USD 2.66 billion in 2021. The market is anticipated to rise from USD 2.94 billion in 2023 to USD 8.35 billion in 2029. In terms of vertical, the market is segregated into material and printer. The material segment could account for the highest share of the global market. The growth is partly attributed to the strong demand for high strength-to-weight ratio materials.
Information Source:
https://www.fortunebusinessins....ights.com/industry-r

Top Provider of Medical Record Retrieval Services
https://www.lezdotechmed.com/m....edical-record-retrie
LezDo TechMed stands out as a leading medical records retrieval company due to their team of highly knowledgeable experts who are readily available to address any inquiries. Medical records play a crucial role in various practice areas and are vital for many legal proceedings. LezDo TechMed recognizes this significance and provides exceptional services to retrieve these records efficiently and accurately.
#medicalrecordretrieval

According to a research report titled “Antimicrobial Coatings Market, 2020-2027” by Fortune Business Insights™, the global antimicrobial coatings market size was USD 3,690.0 million in 2019 and is expected to reach USD 8,650.7 million by 2027, exhibiting a CAGR of 11.5% during the forecast period.

Information Source - https://www.fortunebusinessins....ights.com/antimicrob

The rise can be attributed to the increasing use of antimicrobial coatings by paint manufacturers to inhibit the growth of pathogens. The coatings contain additives that offer long-lasting and adequate protection against fungi, bacteria, and mold.

The market is segmented into metallic and non-metallic types. The metallic segment is fragmented into copper, silver, and others, with the silver sub-segment holding a major share in the industry. The market is also divided based on application into mold remediation, medical & healthcare, food & beverage, building & construction, textile, and others. The medical & healthcare segment is expected to record commendable growth over the estimated period due to the rising product usage in medical appliances, products, and surfaces for preventing the spread of infection.

Drivers and Restraints:

The report provides an overview of the crucial steps taken by major industry participants to sustain their industry position, after extensive research and engagements with prominent industry stakeholders. The rising awareness regarding healthcare-related infections (HCAI) and an increase in efforts toward their prevention are the major drivers of market growth. However, the use of these products can lead to substantial changes in the emission levels of toxic agents into the environment, which is anticipated to hamper market expansion to some extent.

Regional Insights:

North America is expected to emerge as a key region driven by escalating demand from medical applications, surging government healthcare expenditure, and high standards of living in the U.S. The Asia Pacific region is also anticipated to record substantial escalation over the forecast period, attributed to the expansion of the food & beverage, pharmaceuticals, and construction industries.

Family Counselling Port Coquitlam
https://wellnessnorth.ca/couples-therapy
We offer marriage counselling and couples therapy services in Coquitlam, Port Coquitlam, Surrey and surrounding areas.

Grief Counsellor Coquitlam
https://wellnessnorth.ca/about
Mental health counselling services, supporting trauma, depression, anxiety, marriage and couples therapy. Serving, Coquitlam, Burnaby, Surrey and surrounding areas.