WELLESLEY, Mass., Aug. 23, 2018 (GLOBE NEWSWIRE) -- Due to their health benefits and peaked interest in probiotics for food and beverages, dietary supplements and animal feed, the global market for probiotics is expected to see substantial growth, according to a new report from BCC Research.
In 2016, the global market for probiotics was worth $36.6 billion. BCC Research estimates that it will be valued at $57.2 billion by 2022, indicating a compound annual growth rate (CAGR) of 7.8% from 2017 to 2022, according to the recently published report The Probiotics Market: Ingredients, Supplements, Foods.
Key participants in the probiotics market include BioGaia, Chr. Hansen Holding, Danone, DuPont, Probi, Nestlé, Morinaga, Lifeway, Megmilk and Yakult.
Research Highlights
- The Asia-Pacific region accounts for the largest share of the probiotics market at 37.9% and is anticipated to grow at a CAGR of 8.1% by 2022.
- The most commonly used probiotic ingredient is called Lactobacillus, which has an almost 63.1% share of the entire industry.
- Increasing demand for different kinds of yogurt, cheese, kefir and other milk products is driving demand for probiotics in dairy products.
“Probiotics are extant microorganisms that prevent and cure diseases in human beings,” said BCC Research analyst and the report’s author Aneesh Kumar. “It is a misconception that all microorganisms such as bacteria are harmful. In fact, there are good and bad bacteria, which can be curative and dangerous, respectively. Probiotics belong to the former group and help keep our bodies healthy. Their function is not limited to human beings; they also help keep animals healthy.”
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.