LAMEA Probiotics Market By Ingredient (Bacteria, Yeast), By Form (Liquid, Dry), By End User (Human, Animal), By Application (Food & Beverages, Dietary Supplements, Animal Feed)
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The LAMEA Probiotics Market Size would witness market growth of 11.5% CAGR during the forecast period (2018 - 2024).
Adverse effects of large amounts of antibiotic consumption have been reported, requiring additional supplementation of hospitable bacteria into the body. Some of these bacteria have also developed antibiotic-resistant characteristics and thus do not respond to the antibiotics consumed. It is therefore important to replenish such bacteria in the body, thus nucleating targeted bacterial strain consumption. A larger chunk of such antibiotic-based population has absorbed the importance of probiotic supplements and has begun to consume them. In the last decade, antibiotic consumption has shown a significant increase in BRICS countries; in these countries, some antibiotics are available over the counter. Probiotic supplement manufacturers have also implemented a proactive approach in these countries and have invested in marketing activities. Collectively, these factors are expected to support global demand for probiotic supplements around the globe.
Based on Ingredient, the market is segmented into Bacteria and Yeast. Based on Form, the market is segmented into Liquid and Dry. Based on End User, the market is segmented into Human and Animal. Based on Application, the market is segmented into Food & Beverages, Dietary Supplements and Animal Feed. Food & Beverages application segment is further bifurcated into Dairy Products, Non-Dairy Beverages, Infant Formula, Cereals, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Chr. Hansen Holding A/S, DowDuPont Inc., Yakult Honsha Co. Ltd., Nestle S.A., Danone SA, Probi, Arla Foods, Inc., Lallemand Inc., BioGaia AB, and Kerry.
Scope of the Study
LAMEA Probiotics Market Segmentation:
By End User
- Food & Beverages
- Dairy Products
- Non-Dairy Beverages
- Infant Formula
- Dietary Supplements
- Animal Feed
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Chr. Hansen Holding A/S
- DowDuPont Inc.
- Yakult Honsha Co. Ltd.
- Nestle S.A.
- Danone SA
- Arla Foods, Inc.
- Lallemand Inc.
- BioGaia AB
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