Abstract
The report:
- Examines the applications for probiotics in supplements and food products
- Looks at recent historical trends in U.S. sales of probiotics
- Details the structure, technologies and relevant government regulatory
provisions that govern activities in the industry
- Considers trends in domestic probiotic sales compared to those in Canada,
the European Union and Japan
- Includes market forecasts through
- Profiles the major probiotics companies from the U.S., Canada, the
European Union and Japan.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
The goal of BCC Research in conducting this study is to present a
comprehensive picture of recent trends in the global probiotics industry
through 2007, and to develop market projections for the 2008 to 2013 period.
The study covers the following principal areas: probiotics as ingredients and
probiotic applications for supplements and foods. The report identifies a
number of factors that have shaped historical trends in sales revenues and
those that are projected to contribute to future trends in the sales of
probiotics. The central roles of scientific research, consumer awareness, and
government regulatory provisions are presented and discussed in detail.
REASONS FOR DOING THE STUDY
There is considerable interest in probiotics in both the business and science
communities. However, the manufacture of probiotics essentially remains a
niche market, and commercial applications in the U.S., currently, are
primarily for supplements and dairy-based products. Science is discovering
new information about existing and new probiotics, and product manufacturers
are tapping into new areas of commercial applications for probiotics. BCC
Research examines the explanatory factors underlying past performance and
identifies areas that potentially are important to future commercial
opportunities in the industry. This report presents an informative balance of
the scientific and market factors that are critical in the probiotics industry.
INTENDED AUDIENCE
This report presents valuable information relating to one of the fastest
growing segments of the global ingredients, dietary supplement, and food
industries. It contributed almost $15 billion in sales to the global economy
in 2007. This study will be a resource for readers with an interest in the
dietary supplement and functional foods industries in general, and in
probiotics in particular. Market projections developed in this study provide a
context for assessing potential growth through 2013, and suggest areas of
business opportunities in the U.S. and in the international probiotics
industry. Companies already invested in the industry, and those seeking areas
of expansion will find this material useful in their decision-making.
SCOPE OF REPORT
The report represents a complete update of the BCC Research report on the
probiotics industry published in 2005. The current report covers the
important role of U.S. and foreign manufacturers in the market for probiotics.
The study also includes a detailed examination of existing and emerging
applications for probiotics in supplements and food products. It describes in
detail, recent historical trends in global sales of probiotics, industry
structure, technologies, and relevant government regulatory provisions that
govern activities in the industry. Current trends in domestic probiotic sales
are compared to current sales trends in Canada, the European Union (EU), and
Japan. Profiles of major companies in the U.S. and these countries are
included in this report.
INFORMATION SOURCES
This study is the result of extensive research covering materials from diverse
sources. BCC surveyed numerous scientific and industry publications on
probiotics to develop a qualitative and quantitative analytical framework for
the findings documented in this report. Communications with various
government and industry experts provided supplemental information on various
aspects of the study. Data from the investment community was used to
complement and validate other third party industry data.
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