Growth Strategies Adopted by Major Players in Probiotics Market
The global probiotics market is estimated to be valued at USD 49.4 billion in 2018 and is projected to reach USD 69.3 billion by 2023, at a CAGR of 7.0% during the forecast period. The probiotics market is driven by the growing popularity of functional foods such as yogurt, particularly in emerging countries of the Asia Pacific. The increased demand for dietary supplements in the North American region...
Increase in Popularity of Convenience Foods is Boosting the Demand for Plant Extracts
The rising awareness regarding the side-effects of synthetic
flavors and health benefits offered by phytomedicines and herbal extracts have
significantly fueled the market for plant extracts. Further, due to the growth
in R&D activities in plant extracts market and increase in popularity of
convenience foods, there has been a growing need for plant extracts in food
& beverage industry.
The
pharmaceuticals...