North America Probiotics Market is Expected to Reach $542.4 Million in 2018 – New Report by MicroMarket Monitor
The North America Probiotics Market report defines and segments the probiotics market in North America with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/north-america-probiotics-nutraceuticals-3980587995.html.
(PRWEB) July 21, 2014
The North America Probiotics Market report defines and segments the probiotics market in North America with analysis and forecast of revenue. This market is estimated to grow from around $347.9 million in 2012 to $542.4 million by 2018, at a CAGR of 7.7% from 2013 to 2018.
Browse through the TOC of the North America Probiotics Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in this market, and is supported by various tables and figures.
North America has remarkable growth potential in the field of probiotics because of consumers’ natural tendency to take supplements and the consumption of dairy products. Additionally, the increasing concern over preventive healthcare is driving the market growth. In the U.S. alone, an excess of 70 million adults suffer from digestive problems caused by poor consumption habits, high consumption of additives from processed food, and a high rate of antibiotic intake. Awareness about the benefits offered by probiotics and more spending power of the consumer are the key drivers of the probiotics industry in this region.
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North America is one of the major markets, where the U.S. holds a maximum share in the probiotics market. As of 2013, the U.S. constituted a major share of around 58% in this region. The North American probiotics market has five major players: Groupe Danone (France), Chr. Hansen (Denmark), DuPont (U.S.), Lallemand Health Solutions (Canada), and Yakult Honsha Co., Ltd. (Japan). Groupe Danone is the major player with a share of 14% followed by Chr. Hansen with a share of 11%.
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The probiotics market is segmented and projected on the basis of application, which includes functional food, functional beverages, dietary supplements, animal nutrition, and personal care. Functional food is the most preferred application of probiotics. The market is further segmented and forecasted on the basis of major countries such as the U.S, Canada, and Mexico.
This report also comprises of the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of key players such as Group Danone, Chr. Hansen, DuPont, and Lallemand Health Solutions.
Europe Probiotics Market
Europe Probiotics (Nutraceuticals) constituted 30.7% of Global Nutraceutical market in the year 2013 and its share is estimated to be 30.5% by the end of year 2018.The high awareness and wide acceptance of probiotic products amongst the users drive the European market. Europe is a multicultural continent where the consumption of fermented milk has traditionally been high in several countries. Hence, with now the rising concern towards fitness and good immune system, the informed consumers are extending their use of probiotic products.
This report provides a competitive landscape of the top players. Under the strategic benchmarking section, we will provide you with their key developments along with the impacts that include new product developments, M&A, a strategic focus on any specific application, technology, and geography. Under the Financials section, we will provide you with details that span Capex (Investments), revenues, EBITDA, etc. Under the operational insights section, we will provide you with the new capacities added, new centers, and new key employments. Under the sales and marketing section, we will provide you with insights on new contracts (available on the public domain), new distribution channels added, new marketing initiatives, etc.
Asia-Pacific Probiotics Market
Asia-Pacific Probiotics (Nutraceuticals) constituted 38.1% of Global Nutraceutical market in the year 2013 and its share is estimated to grow to 38.6% by the end of year 2018.The Asia-Pacific region is set to experience a demographic trend of increase in the elderly population in the coming decade. The physiological changes in the gut that takes place with the increase in age, affect the defense capacity of the human intestine. This exposes them to a high risk of infections. Probiotics act as a defensive medicine strengthening the digestive tract and in turn countering any likely infection.
This report provides a competitive landscape of the top players. Under the strategic benchmarking section, we will provide you with their key developments along with the impacts that include new product developments, M&A, a strategic focus on any specific application, technology, and geography. Under the Financials section, we will provide you with details that span Capex (Investments), revenues, EBITDA, etc. Under the operational insights section, we will provide you with the new capacities added, new centers, and new key employments.
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