TechNavio recognizes the following companies as the key players in the Global Probiotics Products Market: Danisco A/S, Danone S.A., Nestlé S.A., and Yakult Honsha Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “R&D activities are critical for vendors in the Global Probiotic Products market as they enable them to develop new products and technologies for the production of probiotic products. An increase in R&D activities has led to an increase in applications of new strains of probiotics and the demand for probiotic products. Ireland is one of the leading countries that pursues research in probiotics. Also, vendors such as Danone and Yakult heavily invest in R&D activities for probiotics. These two vendors together established the Global Probiotics Council in 2004 to create awareness, develop new products, and collaborate with government bodies with regard to probiotics. Thus, the increase in R&D activities is expected to open up new avenues for the growth of the Global Probiotic Products market during the forecast period.”
According to the report, one of the major drivers in the market is the increasing awareness about probiotic products among consumers across the world. Awareness about the benefits provided by probiotics to humans and animals is increasing, in turn creating a favorable demand for probiotic products.
Further, the report states that one of the major challenges hindering the growth of the market is the increasing government regulations regarding production, distribution, and marketing of probiotic products in many countries such as the US.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-probiotics-products-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Probiotics Products Market 2014-2018
