With the active and increased use of probiotics in the supplements and nutrition segments the global market value is estimated to reach more than $75 Billion by next five years. The major segmentation for the market is by Ingredient, Products, Disease areas, Applications, and Geography.  With food and beverage application as the largest segment and yeast as the fastest segment in ingredients, the market is estimated to grow much faster and bigger in developing markets like Asia compared to the developed markets like North America and Europe.

Consumer awareness about the health benefits associated with Probiotics and the development potential for fortified probiotic formulations, and in addition to the replacement opportunity of probiotics as pharmaceutical agents gives it the edge in the Life sciences and Healthcare vertical. Though high R&D and development costs, and the changing face of regulatory markets especially when the product travels geography could be a restrain.

Recent research expansion activities and M&A closures by big players like Chr. Hansen, DuPont, Kerry, and Ganeden has given the market drift.

The last International Scientific Association for Probiotics and Prebiotics (ISAPP) annual meeting have focused on Probiotic applications for skin and urogenital health, Probiotics and prebiotics as adjuncts to drugs and facilitators of disease recovery, Prebiotic applications in children, The future of probiotics and prebiotics for human health, and RDA for live microbes.

Ref: https://www.fortunebusinessinsights.com/; https://www.technavio.com/ 

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