Probiotics Market – Global Forecast to 2023 Probiotics Market | Page 2

The report "Probiotics Market by Application (Functional Food & Beverages [Dairy
Products, Non-dairy Beverages, Infant Formula, Cereals], Dietary Supplements, Feed),
Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, and Region – Global Forecast
to 2023" The market for probiotics is estimated at USD 49.4 billion in 2018, and it is
projected to grow at a CAGR of 7.0% from 2018 to 2023, to reach USD 69.3 billion by
2023. The global demand for probiotics is increasing significantly due to the growing
awareness among customers about their direct relations to digestive health benefits, the
rise in demand for nutritious food, and the increase in demand for quality animal-based
products. Probiotics are found in supplement form, or as components in food and
beverages.
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• 72 Market Data Tables
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