The Europe Probiotic Yeast Market would witness market growth of 12% CAGR during the forecast period (2021-2027).
There are many people who are increasingly adopting a wide range of super-premium and luxuries food items like functional food & dietary supplement for better human health and pet health, which is estimated to spur the growth of the probiotic yeast market over the forecast period. Furthermore, the absence of proper knowledge about probiotic yeast and awareness among consumers regarding the benefits of consuming probiotic yeast-based products would further hamper the growth of the market in the coming years.
The shifting lifestyle and food habits of the consumers are contributing to accelerating the demand for probiotic yeast in the market, which would further bolster its market growth. Consumer spending on probiotic yeast-based functional & premium food products is increasing. Moreover, numerous food items like bakery products, fast food, ice creams, and others are also gaining traction in the market.
The growing demand for various dietary food items and functional foods would create lucrative opportunities for the key market players to expand their business in this region. Along with that, probiotic yeast offers a wide range of benefits, which is attracting more consumers for consumption. This would surge the growth of the regional probiotic yeast market.
The increasing importance of maintaining a strong immune system due to the prevalence of numerous diseases is creating more demand for healthy food items in the region. This would open new growth prospects for the key players of the market to prosper in this region and expand their business. All these factors would work together to bolster the regional probiotic yeast market over the forecast period.
The Germany market dominated the Europe Animal Feed Market by Country 2020, thereby, achieving a market value of $7,463.9 Thousands by 2027. The UK market is showcasing a CAGR of 10% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 12.9% during (2021 - 2027).
Based on Application, the market is segmented into Nutrition and Supplement, Animal Feed and Food & Beverages. Based on Type, the market is segmented into Powder and Capsules. Based on Sales Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Probiotic Yeast Market Size will Hit $673.6 Million by 2027, at a CAGR of 12.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Biocodex S.A., Life-Space Group, Bronson Laboratories, Seeking Health, LLC, NOW Foods, Inc., Jarrow Formulas, Inc., Lallemand, Inc., Angel Yeast Co., Ltd., Alltech, and Chr. Hansen Holding A/S
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