Probiotics Market Is Likely To Up Demand At A USD 95.25 Billion By 2028
San Francisco, 23 Sep 2021: The Report Probiotics Market Size, Share & Trends Analysis Report By Product (Food & Beverages, Dietary Supplements), By Ingredient (Bacteria, Yeast), By End Use (Human, Animal), By Distribution Channel, And Segment Forecasts, 2021 - 2028 The global probiotics market size is expected to reach USD 95.25 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 7.2% from 2021 to 2028. Increasing prominence of preventive healthcare is among the major driving factors propelling the demand for probiotics across the globe. The considerable production and consumption of probiotics are complemented by innovations in probiotics by key players, most notably in countries such as China, Japan, and India. Following the growing demand for probiotics, key market participants have been investing in R&D activities to develop efficient probiotic strains. The probiotics industry has also witnessed advancement