The global probiotics market to grow at a CAGR of 7.01% during the period 2017-2021.
The report, Global Probiotics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in market is health benefits of probiotics. Probiotics prevent the growth of harmful bacteria inside the digestive tract, leading to an improvement in nutrition absorption and bowel movements. Probiotic supplements increase the Lactobacilli count in women and prevent diseases like bacterial vaginosis, yeast infection, and urinary tract infection. These products are also beneficial for animal health. The consumption of probiotic products improves the interstitial microbial balance by lowering the pH levels.
Clinical studies have also shown that the intake of probiotics prevents the growth of harmful microbes such as Candida, Escherichia coli, Helicobacter pylori, and Salmonella. The consumption of probiotic yogurt is also associated with the reduction of the risk of cancer in the colon, bladder, and breast approximately up to 35%. They also help to reduce dental caries, prevents oral candida infections, and manages periodontitis.
Further, the report states that one challenges in market is high price in developing countries. Although probiotics have multiple health benefits, the premium pricing of these products often poses a major challenge to the market. For instance, the average price of probiotic yogurt is $2.4 per ounce as opposed to $1 per ounce for regular yogurt. These products are priced at a premium due to various reasons such as patents, the inclusion of natural probiotic ingredients, or a combination of many strains. In countries, such as India, where yogurt is often made at home, increasing the probiotic yogurt prices would be a grave challenge for the market growth. In South Africa, the market is still underdeveloped and underpenetrated; most consumers there will not be interested in a new product that is highly priced.
Other prominent vendors
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product application
PART 07: Market segmentation by end user
PART 08: Market segmentation by distribution channel