SAN FRANCISCO, February 17, 2016 /PRNewswire/ --
The global probiotics market is expected to reach USD 52.34 billion by 2022, according to a new report by Grand View Research, Inc. Increasing health awareness, particularly gut health, is expected to remain a key driving factor for global probiotics market over the forecast period.
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High growth markets such as Asia Pacific are presumed to witness rapid growth in the near future owing to multiple factors. Some of these factors include growing health concerns and rising awareness regarding the benefits related to probiotics consumption. Unorganized standardization and low awareness in several regions are key hindrances that are anticipated to negatively impact the global market over the forecast period.
Browse full research report with TOC on "Probiotics Market Analysis By Application (Probiotic Functional Foods & Beverages, Probiotic Dietary Supplements, Animal Feed Probiotics), By End-Use (Human Probiotics, Animal Probiotics) And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/probiotics-market
Probiotic food & beverages dominated the global applications market in the recent past and accounted for more than three-fourth of total revenue in 2013. Among this application segment, dairy products dominated the global market and are expected to witness a CAGR of 7.2% over the forecast period.
Further key findings from the report suggest:
Grand View Research has segmented the probiotics market on the basis of application, end-use and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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