According to the latest report by IMARC Group, titled “India Probiotics Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the India probiotics market reached a value of INR 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 7.7 Billion by 2027, exhibiting a CAGR of 20.50% during 2022-2027.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Probiotics Market Trends and Drivers:
The growing geriatric population, who are more prone to chronic gastrointestinal disorders, is among the primary factors driving the India probiotics market. Besides this, the shifting consumer preferences from high-calorie diets towards functional foods and beverages are further augmenting the market growth.
Apart from this, the development of specialized probiotics, such as L. acidophilus, L. rhamnosus, Bifidobacterium, etc., is also catalyzing the market across India. Moreover, the emerging trend of ready-to-eat (RTE) curd, yogurt, and drinks in portable and flexible packaging solutions, on account of the hectic consumer work schedules and sedentary lifestyles, is acting as another significant growth-inducing factor.
Furthermore, the expanding nutraceutical sector and the launch of various dairy-, allergen-, and sugar-free formulations are expected to propel the India probiotics market in the coming years.
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India Probiotics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Epigamia (Drums Food International), Gujarat Cooperative Milk Marketing Federation, Heritage Foods Limited, Mother Dairy Fruits and Vegetables Pvt. Ltd., Milkmantra Dairy Pvt. Ltd., Milky Mist Dairy, Nestlé India Ltd. (Nestle SA) and Yakult (Danone India Pvt. Ltd.).
The report has segmented the market on the basis of region, product type and distribution channel.
Breakup by Product Type:
• Probiotic Curd
• Probiotic Drinks
• Probiotic Yoghurt
Breakup by Distribution Channel:
• Convenience Stores
• Supermarkets and Hypermarkets
• Specialty Stores
• Online
• Others
Breakup by Region:
• North India
• West and Central India
• South India
• East India
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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