Table Of Contents

1 Introduction (Page No. - 17)

1.1 Objectives Of The Study

1.2 Market Definition

1.3 Study Scope

1.4 Periodization Considered

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology (Page No. - 21)

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.1.2.1 Breakdown Of Primary Interviews

2.2 Market Size Estimation

2.3 Data Triangulation

2.4 Research Assumptions

2.5 Research Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)

4.1 Attractive Opportunities In The Market

4.2 Probiotics Market Size, By Region

4.3 Market, By Application, 2018�2023

4.4 Market Share, By Form, 2018 vs. 2023

4.5 Market, By End User, 2018�2023

4.6 Probiotic Market, By Ingredient, 2017

5 Market Overview (Page No. - 36)

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Health Benefits Associated With Probiotic-Fortified Foods

5.2.1.2 Increasing Popularity Of Probiotic Dietary Supplements

5.2.1.3 Participation Of International Bodies in the R&D Of Probiotic Products

5.2.1.4 Rising Health Consciousness Among Consumers

5.2.1.5 Technological Advancements in Probiotic Products

5.2.2 Restraints

5.2.2.1 International Quality Standards And Regulations For Probiotic Products

5.2.2.2 High R&D Costs For Developing New Probiotic Strains

5.2.3 Opportunities

5.2.3.1 Probiotics Can Replace Pharmaceutical Agents

5.2.3.2 Ban On The Use Of AGPS(Antibiotic Growth Promoters) in Feed in the EU

5.2.3.3 Increase in Demand For Probiotics in Developed Economies

5.2.3.4 Rising Consumer Awareness About Value-Added Products

5.2.4 Challenges

5.2.4.1 Complexities in Integrating Probiotics in Functional Foods

6 Industry Trends (Page No. - 42)

6.1 Introduction

6.2 Supply Chain

6.3 Porter�s Five Forces Analysis

6.4 Patent Analysis

7 Probiotics Market, By Distribution Channel (Page No. - 46)

7.1 Introduction

7.1.1 Hypermarkets/Supermarkets

7.1.1.1 Expansion Of Supermarkets, Especially in the Asia Pacific Region, is Expected to Create High Growth Prospects For Probiotic Manufacturers in the Coming Years

7.1.2 Pharmacies/Drugstores

7.1.2.1 In The Us, The Demand For Dietary Supplements is Expected to Increase Amidst the Rise in The Number of Old Age Population

7.1.3 Specialty Stores

7.1.3.1 Specialty Stores Provide A Variety of Probiotic Dietary Supplements Under One Roof. One Such Example is Nutrilite Digestive Probiotic Offered By Amway (US)

7.1.4 Online

7.1.4.1 Consumers are Shifting Toward Online Food Shopping Trend. Although This Trend is Still At A Nascent Stage When Compared To Online Clothes Shopping, It is Expected To Gain Consumer Interest in The Coming Years

8 Probiotics Market, By Ingredient (Page No. - 48)

8.1 Introduction

8.2 Bacteria

8.2.1 The Most Widely Consumed Bacteria Strains are Lactobacilli, Bifidobacteria, And Streptococcus Thermophilusthermophilus, Among Others (Enterococcus, Bacillus, And Pediococcus).

8.2.2 Lactobacilli

8.2.2.1 Lactobacillus Acidophilus

8.2.2.2 Lactobacillus Rhamnosus

8.2.2.3 Lactobacillus Casei

8.2.2.4 Lactobacillus Reuteri

8.2.3 Bifidobacterium

8.2.4 Streptococcus Thermophilus

8.3 Yeast

8.3.1 Probiotics are Microscopic Fungi Such as Strains Of Yeasts Belonging To Saccharomyces Cerevisiae Species. Living Microorganisms are Widely Used For Several Therapeutic Purposes, And Their Beneficial Effects are Well Known

8.3.2 Saccharomyces Boulardii

8.3.3 Others

9 Probiotics Market, By Application (Page No. - 59)

9.1 Introduction

9.2 Functional Food & Beverages

9.2.1 Dairy Products

9.2.1.1 Probiotics Have Conventionally Been Included In Dairy Products, Due To Their Compatibility With Dairy Ingredients

9.2.2 Non-Dairy Beverages

9.2.2.1 The Trend In The Us Functional Food Market is Changing, as Most Of The Consumers Prefer Non-Dairy Probiotic Beverages

9.2.3 Infant Formula

9.2.3.1 A Wide Range Of Infant Formulas That are Fortified With Probiotics is Widely Being Introduced In The Global Market

9.2.4 Cereals

9.2.4.1 The Global Market For Ready-To-Eat Cereals is Saturated In The Western Countries, And So The Potential Developing Countries Influenced By Western Eating Habits are Now Considered By The Leading Companies

9.2.5 Others

9.3 Dietary Supplements

9.3.1 People Consume Dietary Supplements When They are Unable To Fulfill The Essential Nutrient Requirements Through Their Daily Diet. Dietary Supplements are One Of The Key Probiotic Applications

9.4 Feed

9.4.1 The Market For Probiotics in Animal Feed is Highly Affected By The Reduced Reliance On Therapeutic Antibiotics To Retain The Antibiotic Efficacy; This is Accompanied By The Increased Demand For Quality Animal Products

10 Probiotics Market, By End User (Page No. - 70)

10.1 Introduction

10.2 Human

10.2.1 Popular Sources Of Probiotics Include Yogurt, Beverages Such as Fermented Milk & Juices, And Probiotic Supplements

10.3 Animal

10.3.1 Factors Driving The Animal Segment in The Probiotics Market Include The Ban on Synthetic Antimicrobial Growth Promoters (Agps) in Europe in 2006 74

11 Probiotics Market, By Form (Page No. - 75)

11.1 Introduction

11.2 Liquid

11.2.1 The Demand For Liquid Probiotics is Larger When Compared To Dry Probiotics, Owing to Its Application in Yogurt, Which is the Most Popular Source Of Probiotics.

11.3 Dry

11.3.1 Dry Probiotics are Popular in Dietary Supplements And Animal Feed Space. Dry Probiotic Products are Mostly Used For Animal Feed Such as Cattle, Swine, And Poultry Feed

12 Probiotics Market, By Region (Page No. - 80)

12.1 Introduction

12.2 North America

12.2.1 Us

12.2.1.1 In The Us, Health Practitioners And Gastroenterologists Have Encouraged the Use Of Probiotics To Improve Digestive Health Over the Past Few Years

12.2.2 Canada

12.2.2.1 The Rise in Health Awareness Among Canadian Consumers has Changed Their Diet Patterns To Incorporate Functional Foods Such as Probiotic Yogurt in Their Daily Diets

12.2.3 Mexico

12.2.3.1 A Large Number Of Consumers in Mexico are Still Unaware of the Benefits Offered By Probiotics, Which is Restricting the Growth Potential of the Market in the Country

12.3 Asia Pacific

12.3.1 China

12.3.1.1 A Majority Of China�s Population Suffers From Lactose Intolerance, Which Led To An Increase in Demand For Alternate Sources Such as Probiotic Fortified Yogurt

12.3.2 Japan

12.3.2.1 Digestive Well-Being has Been A Matter Of Focus in The Country as A Result Of Its Rapidly Aging Population

12.3.3 South Korea

12.3.3.1 South Korea has Witnessed A Rise in the Number Of Health-Conscious Consumers Who are Turning Toward Dietary Supplements to Improve Their Digestive System and General Wellness

12.3.4 Australia & New Zealand

12.3.4.1 Probiotic Manufacturers are Expected To Gain Lucrative Opportunity in The Animal Feed Space in The Country

12.3.5 Rest Of Asia Pacific

12.4 Europe

12.4.1 Russia

12.4.1.1 In Russia, Most of the Demand for Probiotics is Constituted By Bifidobacterium

12.4.2 UK

12.4.2.1 The Inclination Toward A Healthy Diet, Demand For Dietary Ingredients, and Increasing Awareness are Driving The Probiotics Market in The Country

12.4.3 Italy

12.4.3.1 In Italy, Consumers are Becoming More Proactive With Regard to Their Long-Term Health. They are Looking for Food & Beverage Products Enriched With Health Beneficial Ingredients

12.4.4 Germany

12.4.4.1 Consumers Prefer Functional Foods to Overcome Health Issues

12.4.5 Spain

12.4.5.1 Spain is One Of The Key Producers of Poultry Meat, Which Includes Broilers, Turkeys, And Ducks.

12.4.6 Rest Of Europe

12.5 Rest Of The World (RoW)

12.5.1 South America

12.5.1.1 Probiotic Yogurt is Popular in South American Countries, as It is Sold on the Basis Of Health Claims That it Prevents Slow Intestinal Transit

12.5.2 Middle East & Africa

12.5.2.1 The Middle East is An Emerging Region, Comprising The High-Spending Population Due To Its Rising Middle-Class Population, Coupled With Its Industrial Growth

13 Competitive Landscape (Page No. - 109)

13.1 Overview

13.2 Competitive Leadership Mapping, 2017

13.2.1 Visionary Leaders

13.2.2 Dynamic Differentiators

13.2.3 Innovators

13.2.4 Emerging Companies

13.3 Expansions And Investments

13.4 Mergers And Acquisitions

13.5 Agreements, Collaborations, Joint Ventures, And Partnerships

13.6 New Product Launches

14 Company Profiles (Page No. - 119)

(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*

14.1 Chr. Hansen

14.2 Danone

14.3 Yakult Honsha

14.4 DowDuPont

14.5 Kerry

14.6 Probi AB

14.7 Nestle

14.8 Biogaia

14.9 Morinaga Milk Industry Co., Ltd.

14.1 Glac Biotech

14.11 Bifodan A/S

14.12 Lallemand

14.13 General Mills

14.14 Uas Laboratories

14.15 Archer Daniels Midland Company (ADM)

*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis & MnM View Might Not Be Captured in Case Of Unlisted Companies.

15 Appendix (Page No. - 162)

15.1 Discussion Guide

15.2 Knowledge Store: MarketsandMarkets� Subscription Portal

15.3 Available Customizations

15.4 Related Reports

15.5 Author Details

List of Tables (148 Tables)

Table 1 USD Exchange Rates Considered, 2013�2017

Table 2 Diversity of Probiotics

Table 3 Health Benefits of Probiotic Microorganisms

Table 4 Probiotic Market Size, By Distribution Channel, 2016�2023 (USD Billion)

Table 5 Hypermarkets/Supermarkets: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 6 Pharmacies/Drugstores: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 7 Specialty Stores: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 8 Online: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 9 Probiotics Market Size, By Ingredient, 2016�2023 (USD Billion)

Table 10 Bacteria: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 11 Beneficial Effects of Yeast

Table 12 Yeast: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 13 Probiotics Market Size, By Application, 2016�2023 (USD Billion)

Table 14 Functional Food & Beverages: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 15 Functional Food & Beverages: Probiotics Market Size, By Product, 2016�2023 (USD Billion)

Table 16 Dairy Products: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 17 Non-Dairy Beverages: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 18 Infant Formula: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 19 Cereals: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 20 Other Products: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 21 Dietary Supplements: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 22 Feed: Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 23 Probiotics Market Size, By End-Use, 2016�2023 (USD Billion)

Table 24 Human Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 25 Animal Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 26 Probiotics Market Size, By Form, 2016�2023 (USD Billion)

Table 27 Liquid Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 28 Dry Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 29 Probiotics Market Size, By Region, 2016�2023 (USD Billion)

Table 30 North America: Probiotic Ingredients Market Size, By Country, 2016�2023 (USD Billion)

Table 31 North America: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Billion)

Table 32 North America: Probiotics Market Size, By Application, 2016�2023 (USD Billion)

Table 33 North America: Market Size, By End User, 2016�2023 (USD Billion)

Table 34 North America: Market Size, By Form, 2016�2023 (USD Billion)

Table 35 North America: Market Size, By Ingredient, 2016�2023 (USD Billion)

Table 36 North America: Market Size in Functional Food & Beverages, By Country, 2016�2023 (USD Million)

Table 37 North America: Market Size in Dietary Supplements, By Country, 2016�2023 (USD Million)

Table 38 North America: Market Size in Feed, By Country, 2016�2023 (USD Million)

Table 39 US: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 40 US: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 41 US: Market Size, By End User, 2016�2023 (USD Million)

Table 42 US: Market Size, By Form, 2016�2023 (USD Million)

Table 43 US: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 44 Canada: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 45 Canada: Market Size, By End User, 2016�2023 (USD Million)

Table 46 Canada: Market Size, By Form, 2016�2023 (USD Million)

Table 47 Canada: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 48 Mexico: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 49 Mexico: Market Size, By End User, 2016�2023 (USD Million)

Table 50 Mexico: Market Size, By Form, 2016�2023 (USD Million)

Table 51 Mexico: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 52 Asia Pacific Probiotics Market Size, By Country, 2016�2023 (USD Billion)

Table 53 Asia Pacific: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Billion)

Table 54 Asia Pacific: Probiotics Market Size, By Ingredient, 2016�2023 (USD Billion)

Table 55 Asia Pacific: Market Size, By Application, 2016�2023 (USD Billion)

Table 56 Asia Pacific: Market Size in Functional Food & Beverages, By Product, 2016�2023 (USD Billion)

Table 57 Asia Pacific: Market Size, By Form, 2016�2023 (USD Billion)

Table 58 Asia Pacific: Probiotics Market Size, By End User, 2016�2023 (USD Billion)

Table 59 China: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 60 China: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 61 China: Market Size, By End User, 2016�2023 (USD Million)

Table 62 China: Market Size, By Form, 2016�2023 (USD Million)

Table 63 China: Market Size, By Ingredient, 2016�2023 (USD Million)

Table 64 Japan: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 65 Japan: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 66 Japan: Market Size, By End User, 2016�2023 (USD Million)

Table 67 Japan: Market Size, By Form, 2016�2023 (USD Million)

Table 68 Japan: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 69 India: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 70 India: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 71 India: Market Size, By End User, 2016�2023 (USD Million)

Table 72 India: Market Size, By Form, 2016�2023 (USD Million)

Table 73 India: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 74 South Korea: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 75 South Korea: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 76 South Korea: Market Size, By End User, 2016�2023 (USD Million)

Table 77 South Korea: Market Size, By Form, 2016�2023 (USD Million)

Table 78 South Korea: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 79 Australia & New Zealand: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 80 Australia & New Zealand: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 81 Australia & New Zealand: Market Size, By End User, 2016�2023 (USD Million)

Table 82 Australia & New Zealand: Market Size, By Form, 2016�2023 (USD Million)

Table 83 Australia & New Zealand: Market Size, By Ingredient, 2016�2023 (USD Million)

Table 84 Rest of Asia Pacific: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 85 Rest of Asia Pacific: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 86 Rest of Asia Pacific: Market Size, By End User, 2016�2023 (USD Million)

Table 87 Rest of Asia Pacific: Market Size, By Form, 2016�2023 (USD Million)

Table 88 Rest of Asia Pacific: Market Size, By Ingredient, 2016�2023 (USD Million)

Table 89 Europe: Probiotics Market Size, By Country, 2016�2023 (USD Billion)

Table 90 Europe: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Billion)

Table 91 Europe: Probiotics Market Size, By Ingredient, 2016�2023 (USD Billion)

Table 92 Europe: Market Size, By Form, 2016�2023 (USD Billion)

Table 93 Europe: Market Size, By Application, 2016�2023 (USD Billion)

Table 94 Europe: Probiotics Market Size For Functional Food & Beverages, By Product, 2016�2023 (USD Billion)

Table 95 Europe: Probiotics Market Size, By End-User, 2016�2023 (USD Billion)

Table 96 Russia: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 97 Russia: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 98 Russia: Market Size, By End User, 2016�2023 (USD Million)

Table 99 Russia: Market Size, By Form, 2016�2023 (USD Million)

Table 100 Russia: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 101 UK: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 102 UK: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 103 UK: Market Size, By End User, 2016�2023 (USD Million)

Table 104 UK: Market Size, By Form, 2016�2023 (USD Million)

Table 105 UK: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 106 Italy: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 107 Italy: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 108 Italy: Market Size, By End User, 2016�2023 (USD Million)

Table 109 Italy: Market Size, By Form, 2016�2023 (USD Million)

Table 110 Italy: Market Size, By Ingredient, 2016�2023 (USD Million)

Table 111 Germany: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 112 Germany: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 113 Germany: Market Size, By End User, 2016�2023 (USD Million)

Table 114 Germany: Market Size, By Form, 2016�2023 (USD Million)

Table 115 Germany: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 116 Spain: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 117 Spain: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 118 Spain: Market Size, By End User, 2016�2023 (USD Million)

Table 119 Spain: Market Size, By Form, 2016�2023 (USD Million)

Table 120 Spain: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 121 Rest of Europe: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 122 Rest of Europe: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 123 Rest of Europe: Market Size, By End User, 2016�2023 (USD Million)

Table 124 Rest of Europe: Market Size, By Form, 2016�2023 (USD Million)

Table 125 Rest of Europe: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 126 RoW: Probiotic Ingredients Market Size, By Region, 2016�2023 (USD Billion)

Table 127 RoW: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Billion)

Table 128 RoW: Probiotics Market Size, By Application, 2016�2023 (USD Billion)

Table 129 RoW: Market Size, By End User, 2016�2023 (USD Billion)

Table 130 RoW: Market Size, By Form, 2016�2023 (USD Billion)

Table 131 RoW: Market Size, By Ingredient, 2016�2023 (USD Billion)

Table 132 RoW: Probiotic Market Size in Functional Food & Beverages, By Region, 2016�2023 (USD Million)

Table 133 RoW: Probiotics Market Size in Dietary Supplements, By Region, 2016�2023 (USD Million)

Table 134 RoW: Market Size in Feed, By Region, 2016�2023 (USD Million)

Table 135 South America: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 136 South America: Probiotics Market Size, By Application, 2016�2023 (USD Million)

Table 137 South America: Market Size, By End User, 2016�2023 (USD Million)

Table 138 South America: Market Size, By Form, 2016�2023 (USD Million)

Table 139 South America: Probiotics Market Size, By Ingredient, 2016�2023 (USD Million)

Table 140 Middle East & Africa: Probiotic Ingredients Market Size, By Distribution Channel, 2016�2023 (USD Million)

Table 141 Middle East & Africa: Probiotic Market Size, By Application, 2016�2023 (USD Million)

Table 142 Middle East & Africa: Market Size, By End User, 2016�2023 (USD Million)

Table 143 Middle East & Africa: Market Size, By Form, 2016�2023 (USD Million)

Table 144 Middle East & Africa: Market Size, By Ingredient, 2016�2023 (USD Million)

Table 145 Expansions And Investments, 2013�2018

Table 146 Mergers and Acquisitions, 2015�2017

Table 147 Agreements, Collaborations, Joint Ventures, and Partnerships, 2014�2018

Table 148 New Product Launches, 2013�2017

List of Figures (54 Figures)

Figure 1 Probiotics Market Segmentation

Figure 2 Regional Segmentation

Figure 3 Probiotics Market: Research Design

Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, and Region

Figure 5 Market Size Estimation Methodology: Bottom-Up Approach

Figure 6 Market Size Estimation Methodology: Top-Down Approach

Figure 7 Data Triangulation Methodology

Figure 8 Functional Food & Beverages Segment To Dominate The Probiotics Market, By Application, 2018 vs. 2023 (USD Billion)

Figure 9 Human Segment To Dominate The Probiotics Market, By End User, 2018 vs. 2023 (USD Billion)

Figure 10 Liquid Segment To Dominate The Probiotics Market, By Form, 2018 vs. 2023 (USD Billion)

Figure 11 Bacteria Segment To Dominate The Probiotics Market, By Ingredient, 2018 vs. 2023 (USD Billion)

Figure 12 Asia Pacific To Be The Largest Region in The Probiotics Market, 2018�2023

Figure 13 Benefits Associated With Probiotics Fuel Its Market Demand

Figure 14 Probiotics Market Size, By Region, 2018 vs. 2023 (USD Billion)

Figure 15 Functional Food & Beverages Segment To Account for The Largest Market Size Through 2023

Figure 16 Liquid Segment To Dominate The Probiotics Market, 2018 vs. 2023

Figure 17 Human Segment is Expected To Dominate The Probiotics Market From 2018 To 2023

Figure 18 Bacteria Segment Dominated The Probiotics Market in 2017

Figure 19 Global Yogurt Market, 2013�2017

Figure 20 Global Dietary Supplements Demand Forecast, 2016 vs. 2021

Figure 21 Strain Development and Distribution Phase Plays A Vital Role in The Value Addition Of The Supply Chain for Probiotics

Figure 22 Porter�s Five Forces Analysis: Development and Launch Of New Products Have Intensified Industrial Rivalry

Figure 23 Probiotics Market Size, By Ingredient, 2018 vs. 2023 (USD Billion)

Figure 24 Global Probiotics Market Size, 2018 vs. 2023 (USD Billion)

Figure 25 Probiotics Market Size in Functional Foods & Beverages, By Region, 2018 vs. 2023 (USD Billion)

Figure 26 Global Poultry Production, 2016-2018 (Million Metric Tons)

Figure 27 Human Probiotics Projected To Dominate The Probiotics Market From 2018 To 2023 (USD Billion)

Figure 28 Batch Process Of Production Of Liquid & Dry Probiotics

Figure 29 Liquid Probiotics To Dominate The Market From 2018 To 2023 (USD Billion)

Figure 30 Geographic Snapshot (2018�2023): Rapidly Growing Asia Pacific Countries are Emerging as New Hotspots

Figure 31 North America: Market Snapshot

Figure 32 Asia Pacific: Market Snapshot

Figure 33 Europe : Market Snapshot

Figure 34 Probiotics Market, Competitive Leadership Mapping, 2017

Figure 35 Probiotics Market, Competitive Leadership Mapping, 2017 for Start-Ups

Figure 36 Probiotic Market Ranking, 2017

Figure 37 Expansions & Investments: The Key Strategy, 2013�2018

Figure 38 Annual Developments in The Probiotic Market, 2013�2018

Figure 39 Chr. Hansen: Company Snapshot

Figure 40 Chr. Hansen: Swot Analysis

Figure 41 Danone: Company Snapshot

Figure 42 Danone: SWOT Analysis

Figure 43 Yakult Honsha: Company Snapshot

Figure 44 Yakult: Swot Analysis

Figure 45 DowDuPont: Company Snapshot

Figure 46 DowDuPont: Swot Analysis

Figure 47 Kerry: Company Snapshot

Figure 48 Kerry: Swot Analysis

Figure 49 Probi AB: Company Snapshot

Figure 50 Nestle: Company Snapshot

Figure 51 Biogaia: Company Snapshot

Figure 52 Morinaga Milk Industry Co., Ltd.: Company Snapshot

Figure 53 General Mills: Company Snapshot

Figure 54 Archer Daniels Midland Company (ADM): Company Snapshot