World Probiotics Market to Exceed USD 66 by 2024, States Grand View Research in Its New Report Available at MarketPublishers.com02 Dec 2016 • by Natalie Aster
LONDON – Driven by enhancing preference for functional foods to curb disorders, the worldwide probiotics market is predicted to grow between 2016 and 2024; and by the year 2024 the value of this market will likely cross the USD 66 billion mark.
At present, probiotics are considered to have beneficial effects both on humans and animals. They help to treat different gut-related and also immunity related diseases. Today, probiotics are gaining widespread popularity due to the enhancing awareness of the relation of nutrition, health and diet. This trend is also expected to fuel growth in the overall probiotics market.
Other major market growth driving factors include accelerating health concerns, escalating disposable incomes, rising living standards (especially in the developing countries) and increasing demand from such end-use applications as food and beverage industries.
Established probiotics market players tend to focus on research and development activities and innovation in their product portfolios in order to gain traction and stay competitive. Moreover, companies are constantly trying to differentiate their offerings in order to gain customer loyalty.
New research publication by Grand View Research, Inc. titled “Probiotics Market Analysis By Application, By End-Use And Segment Forecast To 2024” offers comprehensive unbiased insights into the scenario in the world’s probiotics market, discusses top trends, examines the major growth drivers and limiters and also outlines future growth prospects and challenges. It investigates the competitive landscape, touches upon the historical background and also describes the present market state. The research study comprises a detailed market segmentation analysis, uncovers data on top players, highlights prevailing and emerging trends and discloses future forecasts for the global probiotics market up to 2022.
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