Industry Experts - Market Research Reports, Industry Analysis, Custom Research

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 expe...

Industry Experts has released the new market research report on probiotic products. The new global report ‘ Probiotic Products – A Global Market Overview ’ reveals that the market for probiotics in North America is forecast to be the fastest growing with a CAGR of 11% between the analysis period 2015 and 2020 to reach US$9.7 billion by 2020 from an estiamted US$5.7 billion in 2015. Increased demand for probiotics on a global basis can be attributed to a number of factors. The vibrancy and innovativeness in the market for functional foods, beverages and dietary supplements is being propelled by greater awareness about the role of microorganisms in promoting good health, sustained clinical research and the utility probiotics can offer. Worldwide, demand for probiotics has been on an upswing, with a study confirming that 19% of respondents in the US claiming to have digestive concerns consuming probiotics in one form or the other. Even more crucial is the fact that 7% of...