The global probiotic products market size is poised to grow by USD 24.35 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of almost 8% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global probiotic products market 2019-2023. (Graphic: Business Wire)
Read the 128-page research report with TOC on "Probiotic products Market Analysis Report by (Probiotic functional food and beverages, Probiotic personal care products, Probiotic dietary supplements, and Probiotic animal care products), end-users (Human and Animal) and geography (the Americas, APAC, and EMEA) 2019 2023".
The market is driven by the rising number of new product launches. Also, the rise in promotional and marketing initiatives is anticipated to further boost the growth of the probiotic products market.
New product launches by regional and international players are driving market growth. Growing awareness about the benefits of probiotics supplements is significantly boosting the demand for probiotic products. This is inducing both regional and global probiotic products manufacturers to focus on introducing new products to improve their revenue share. For instance, PROBAR has launched a new range of bars infused with probiotics. Furthermore, manufacturers of probiotics are adopting innovative and distributive strategies, which will drive market growth.
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Major Five Probiotic Products Companies:
Chr.Hansen
Chr.Hansen has business operations under three segments, namely food cultures enzymes, health nutrition, and natural colors. The company offers a range of probiotic supplements and infant formula under the PROBIO-TEC, The NU-TRISH, and Mother's 1st brands. The company also provides probiotic solutions for swine and poultry industries.
Danone
Danone operates its business through various segments, including EDP International, Specialized Nutrition, EDP NORAM, AND WATERS. The company offers probiotic products under DanActive, Danone, Danacol, Actimel, and Activia brands.
Nestlé
Nestlé has business operations under various categories, which include Zone AMS, Zone EMENA, Zone AOA, Nestlé Waters, Nestlé Nutrition, and Other businesses. The company offers a range of probiotics under the ActiPlus, Good Start, Gerber, and Nutren Junior brands.
Probi
Probi is engaged in the development, marketing, and sale of functional food and probiotics. The company offers a wide range of probiotic products including Probi Premium, Probi Select, Probi LiveBac, BIO-tract.
Yakult Honsha
Yakult Honsha is engaged in the manufacture and sale of medicines to local hospitals and pharmacies through pharmaceutical wholesalers. The company offers probiotic beverages under the Yakult brand.
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Probiotic Products Product Outlook (Revenue, USD Million, 2019 2023)
- Probiotic functional food and beverages
- Probiotic personal care products
- Probiotic dietary supplements
- Probiotic animal care products
Probiotic products Regional Outlook (Revenue, USD Million, 2019 2023)
- The Americas
- APAC
- EMEA
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