May 21, 2008
Wellesley, Mass—According to a new technical market research report, THE PROBIOTICS MARKET: INGREDIENTS, SUPPLEMENTS, FOODS(FOD035B) from BCC Research, the global market for probiotic ingredients, supplements and foods was worth $14.9 billion in 2007. It is expected to be worth $15.9 billion in 2008 and reach $19.6 billion in 2013, a compound annual growth rate (CAGR) of 4.3%.
The market is broken down into applications of probiotic ingredients, supplements and foods. Of these, foods have the largest share of the market. Worth an estimated $13.8 billion in 2008, this segment should reach $17.0 billion in 2013, a CAGR of 4.2%. Food applications for probiotics are found mostly in dairy products, with yogurts, kefir and cultured drinks representing the major categories of probiotic foods. Yogurt products accounted for the largest share of sales, representing 36.6%. Emerging food applications include probiotic cheese, nutrition bars, breakfast cereal, and infant formula.
The second largest segment, probiotic supplements were worth $1.2 billion in 2007. This is expected to increase to $1.3 billion in 2013 and reach $1.7 in 2013, a CAGR of 5.8%. Probiotics are used in the manufacture of supplements sold in the form of capsules, tablets and powders. Probiotic supplements in capsule form accounted for the largest share of sales, representing 75%.
Probiotic ingredients will be worth $797.6 million in 2008 and increase to $917 million by the end of 2013, a CAGR of 2.8%. Probiotics of the lactobacillus genus accounted for the largest share, representing 61.9% of total sales in 2007.
Source: BCC Research
The Probiotics Market: Ingredients, Supplements, Foods ( FOD035B )
Publish Date: Jun 2008
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