The global probiotic products market is expected to grow at a CAGR of 7.68% during the forecast period. Based on the product, the global probiotic products market has been segmented into probiotic functional food and beverages, probiotic personal care products, probiotic dietary supplements, and probiotic animal care products. As per the latest market research report published by Technavio, the probiotic products market size will grow by over USD 24.3 billion during 2019-2023. Get the free sample report below for the detailed information.
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The increasing awareness about the health benefits of probiotics, such as the low risk of diabetes, reduction in the level of cholesterol and BP, increase in bone density and immunity, and weight loss drives the growth of the probiotic functional food and beverage market. The growing demand for functional foods coupled with the introduction of innovative products and ingredients are driving the probiotic products market.
Other factors that will fuel the probiotic product market growth include an increase in the demand for functional foods from older people, an increase in the number of health-conscious adults, and increased concern about the health of children. Yogurt, dairy, and fermented products are mostly used as probiotic functional foods. Hence, the probiotic functional food and beverages segment of the global probiotic products market is expected to grow at a steady rate during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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