Lewes, DE -- (SBWire) -- 08/13/2015 --The factors that are influencing the market growth include increase in demand for quality feed, concerns over animal health and increasing diseases in the recent past. Probiotics improves digestion and immunity power to resist infectious diseases of the gut. The trials conducted by scientists on probiotics have not given good results. This acts as a restraint. But the continuous Research and Development would give satisfactory results in the near future, the global probiotics market is expected to grow at a compound annual growth rate (CAGR) of 10.3% and reach US$60.5 billion by 2022 from $27.6 billion in 2014.
The Global Probiotics Market is segmented on the basis of application, End user and the geography. By application, it can be segmented into Probiotic Functional Foods & Beverages, Probiotic Dietary Supplements and Animal Feed Probiotics. Based on end user, it can be segmented into Human Probiotics and Animal Probiotics. Global Probiotics Market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has the highest share followed by Europe and North America in terms of market value.
The key players in Global Probiotics Market are Arla Foods, BioGaia Biologics AB, Chr. Hansen A/S, ConAgra, Danisco, E. I. DuPont, General Mills Inc., Groupe Dannon, Institute Rosell, Nestle SA and Yakult Honsha Co. Ltd.
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