Robust Y-o-Y Growth Witnessed in Probiotic Dietary Supplements Due to COVID-19 as Probiotics Positively Impacts Immune System and Drives Global Market to Touch $74 Billion by 2026 – Market Research Report (2017-2026) by Industry Experts, Inc.
Monday 02 Nov 2020
Industry Experts, Inc. released an updated 2020 version of the market research report on Probiotic Products. The report entitled "Probiotic Products – A Global Market Overview" reveals that Asia-Pacific dominates the global market in terms of consumption in all end-use sectors except Dietary Supplements in which North America is the leader during the analysis period 2019-2026.
The COVID-19 pandemic has impacted the entire value chain of the probiotics industry mainly due to strict lockdown in several regions. However, the use of probiotics is increasing in this COVID-19 pandemic times mainly because the coronavirus directly affects the human's immune system and the use of probiotics has positive effects on the immune responses. Amid COVID-19, the demand for the global probiotics is projected to increase by 7.5% Y-o-Y in 2020 to reach US$48.7 billion from an estimated at US$45.3 billion in 2019. Based on the application, demand for Probiotics in Dietary Supplements is expected to increase by 12.8% Y-o-Y in 2020 to reach US$8.2 billion due to the increasing demand during the COVID-19 pandemic.
The report reviews, analyses and projects the Probiotics market for global and the regional markets including North America, Europe, Asia-Pacific and Rest of World for the period 2017-2026 in terms of market value in USD. Asia-Pacific is the dominant market in the global Probiotics market with a lions-share of 43% in 2019 and is projected to register the fastest CAGR of about 9% to reach US$35.8 billion by 2026.
The market for Probiotic product categories analyzed in this study includes Bacteria and Yeast. The report also analyzes the Probiotic application segments comprising Food & Beverages, Dietary Supplements and Animal Feed. The aforementioned regional markets further analyzed for 15 independent countries across North America – Canada, Mexico and the United States; Europe – France, Germany, Italy, Spain, Sweden, Russia and the United Kingdom; Asia-Pacific – China, Japan, India and South Korea; and Rest of World – South America and Middle East & Africa. The market is analyzed in each region by key country, product segment and application segment.
This 270 page global market report on Probiotic Products includes 159 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market value in USD by geographic region, product segment and application segment. The brief business profiles of 20 key global players and 25 major players across North America – 10; Europe – 10; and Asia-Pacific – 5 are included in the report. The report also includes the list of companies engaged in production and supply of probiotic ingredients, probiotic supplements, probiotic animal feed and probiotic food & beverages. The list covers the address, phone numbers and web addresses of 144 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/healthcare-and-pharma/probiotic-products-a-global-market-overview