Global Probiotics Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, Japan, China, Germany, UK - Size and Forecast 2024-2028

Published: Nov 2023

Pages: 167

SKU: IRTNTR43227

Snapshot

Probiotics Market 2024-2028

The probiotics market size is projected to increase by USD 32.06 billion and the market size is estimated to grow at a CAGR of 7.84% between 2023 and 2028.

The report offers extensive research analysis on the Probiotics Market, with a categorization based on End-user, including human probiotics and animal probiotics. It further segments the market by Product, encompassing probiotic functional food and beverage, dietary supplements, and animal feed. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

One of the key factors driving the probiotics market growth is the product innovations. The main purpose of the innovations in technology and manufacturing processes is to improve the stability and viability of probiotic strains, ensuring their survival through the digestive system for maximum efficacy. In addition, innovations focus on developing probiotic strains tailored to specific health needs, including gut health, immunity, women's health, mental wellness, and even skincare. Moreover, customized formulations address niche markets and attract consumers seeking targeted benefits. In addition, advanced packaging technologies help preserve probiotic viability and extend shelf life by protecting the live cultures from moisture, oxygen, light, and temperature fluctuations. Therefore, this ensures that the probiotics remain effective until the expiration date, enhancing consumer trust in the product. Hence, such factors are driving the market growth during the forecast period.

Probiotics Market: Overview

The Probiotics Market shows an accelerated CAGR during the forecast period.

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Trends

A key factor shaping the probiotics market growth is the increasing application of probiotics in the cosmetic industry. There is an increasing preference for natural skincare solutions by several consumers. Therefore, probiotics, being naturally occurring microorganisms, fit into the trend of seeking products perceived as more natural and holistic. In addition, the concept of the gut-skin axis has gained traction, highlighting the interconnection between gut health and skin conditions.

Moreover, probiotics, known for their potential to balance the gut microbiome, are being explored for their impact on skin health. In addition, clinical studies have proved that probiotics form a protective layer that protects skin from inflammation, UV rays, and dehydration. Furthermore, probiotics have demonstrated anti-inflammatory properties, which can be beneficial for calming irritated or sensitive skin, making them attractive ingredients in skincare products. Hence, such factors are driving the market growth during the forecast period.

Challenge

High prices of probiotic products in developing countries are one of the key challenges hindering the probiotics market growth. Even though probiotics have several health benefits, the premium pricing of these products often poses a major challenge to the market. For example, the average price of probiotic yogurt in 2022 is USD 2.4 per ounce as opposed to USD 1 per ounce for regular yogurt.

Moreover, these products are priced at a premium due to various reasons such as patents, the inclusion of natural probiotic ingredients, or a combination of many strains. In addition, in countries such as India, where yogurt is often made at home, increasing the probiotic yogurt prices would be a grave challenge for market growth. Furthermore, in South Africa, the market is still underdeveloped and underpenetrated. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period..

Probiotics Market Segmentation by Product

The rising awareness about the benefits of the probiotic functional food and beverage segment will increase the market growth. Several consumers are increasingly seeking food products that offer health benefits beyond basic nutrition. Therefore, functional foods containing probiotics are perceived as supporting digestive health, immunity, and overall well-being, aligning with health-conscious consumer trends. In addition, the growing demand for functional foods, coupled with the introduction of innovative products and ingredients, is fuelling the global probiotics market. Moreover, probiotics, known for their potential to balance gut flora, aid digestion, and alleviate such issues, are sought after by consumers looking for natural solutions. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Probiotics Market Segmentation by End-user

The human probiotics segment is estimated to witness significant growth during the forecast period. The increasing awareness of the importance of gut health has resulted in an increased interest in probiotics among consumers. In addition, many are seeking ways to improve their digestive health and overall well-being. Furthermore, probiotics are increasingly recognized for their potential to support immune function.

The human probiotics segment was the largest segment and was valued at USD 45.46 billion in 2018.

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Moreover, the demand for human probiotics is expected to increase during the forecast period because of the growing health awareness among end-users (human beings) globally. In addition, with time, the skin's pH rises, and it may also grow drier. Furthermore, an imbalance in bacteria might be made simpler by modifications to the moisture barrier. In addition, probiotics increase the skin moisture barrier, lower oxidative stress, lessen UV-induced skin damage, preserve the pH of the skin, and improve the quality of hair. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Key Regions for the Probiotics Market

APAC is estimated to contribute 37% to the growth of the global market during the forecast period

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that are contributing to the growth of the market growth in APAC is its extensive use of dairy products. In addition, Japan is the largest market worldwide; the other major markets in APAC include China, India, and Australia. Moreover, China is the first-largest probiotics market in APAC after Japan. In addition, the probiotics market in China is growing at a fast rate due to its high demand for various probiotic products, particularly yogurt and functional foods. Furthermore, manufacturers in the market have identified China as a country with substantial potential for growth over the next five years. For instance, Yakult makes a wide range of products, like fermented milk drinks and yogurts, and in other fields, including foods and beverages, cosmetics, and pharmaceuticals. Hence, such factors are driving the market growth in APAC during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Key Offering - Archer Daniels Midland Co: The company offers probiotics to support the gut microbiome, promote health and wellness and address consumers targeted needs.
Key Offering - BioGaia AB: The company offers probiotics such as BioGaia Gastrus, Lactobacillus reuteri.
Key Offering - Chr Hansen Holding AS: The company offers probiotics for Infant and young children health, Women health, Gut health, Immune health, Novel health areas.

The probiotics market report also includes detailed analyses of the competitive landscape of the market and information about 24 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The probiotics market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

End-user Outlook
- Human probiotics
- Animal probiotics
Product Outlook
- Probiotic functional food and beverage
- Dietary supplements
- Animal feed
Geography Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Probiotics Market Scope
Report Coverage	Details
Page number	167
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 7.84%
Market Growth 2024-2028	USD 32.06 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	7.36
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 37%
Key countries	US, Japan, China, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	AnaBio Technologies, Archer Daniels Midland Co., BioGaia AB, Chr Hansen Holding AS, Danone SA, Dr. Willmar Schwabe GmbH and Co. KG, DuPont de Nemours Inc., Farmhouse Culture Inc., General Mills Inc., Kerry Group Plc, Lallemand Inc., Lifeway Foods Inc., Microbiome Labs UK Ltd., Nestle SA, Novozymes AS, PepsiCo Inc., Probulin Probiotics LLC, SANZYME BIOLOGICS PVT. LTD., SIG Group AG, Symrise AG, Thats it Nutrition LLC, Natures Bounty, Uncle Matts Organic, and Yakult Honsha Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Probiotics Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the probiotics market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of probiotics market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global probiotics market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global probiotics market 2018 - 2022 ($ billion)

4.2 End-user Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)

4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)

6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user

6.3 Human probiotics - Market size and forecast 2023-2028
- Exhibit 34: Chart on Human probiotics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Human probiotics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Human probiotics - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Human probiotics - Year-over-year growth 2023-2028 (%)

6.4 Animal probiotics - Market size and forecast 2023-2028
- Exhibit 38: Chart on Animal probiotics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Animal probiotics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Animal probiotics - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Animal probiotics - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by End-user
- Exhibit 42: Market opportunity by End-user ($ billion)
- Exhibit 43: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 44: Chart on Product - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Product - Market share 2023-2028 (%)

7.2 Comparison by Product
- Exhibit 46: Chart on Comparison by Product
- Exhibit 47: Data Table on Comparison by Product

7.3 Probiotic functional food and beverage - Market size and forecast 2023-2028
- Exhibit 48: Chart on Probiotic functional food and beverage - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Probiotic functional food and beverage - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Probiotic functional food and beverage - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Probiotic functional food and beverage - Year-over-year growth 2023-2028 (%)

7.4 Dietary supplements - Market size and forecast 2023-2028
- Exhibit 52: Chart on Dietary supplements - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Dietary supplements - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Dietary supplements - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Dietary supplements - Year-over-year growth 2023-2028 (%)

7.5 Animal feed - Market size and forecast 2023-2028
- Exhibit 56: Chart on Animal feed - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Animal feed - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Animal feed - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Animal feed - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Product
- Exhibit 60: Market opportunity by Product ($ billion)
- Exhibit 61: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 Japan - Market size and forecast 2023-2028
- Exhibit 87: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 China - Market size and forecast 2023-2028
- Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)

9.12 UK - Market size and forecast 2023-2028
- Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Archer Daniels Midland Co.
- Exhibit 115: Archer Daniels Midland Co. - Overview
- Exhibit 116: Archer Daniels Midland Co. - Business segments
- Exhibit 117: Archer Daniels Midland Co. - Key offerings
- Exhibit 118: Archer Daniels Midland Co. - Segment focus

12.4 BioGaia AB
- Exhibit 119: BioGaia AB - Overview
- Exhibit 120: BioGaia AB - Business segments
- Exhibit 121: BioGaia AB - Key news
- Exhibit 122: BioGaia AB - Key offerings
- Exhibit 123: BioGaia AB - Segment focus

12.5 Chr Hansen Holding AS
- Exhibit 124: Chr Hansen Holding AS - Overview
- Exhibit 125: Chr Hansen Holding AS - Business segments
- Exhibit 126: Chr Hansen Holding AS - Key news
- Exhibit 127: Chr Hansen Holding AS - Key offerings
- Exhibit 128: Chr Hansen Holding AS - Segment focus

12.6 Danone SA
- Exhibit 129: Danone SA - Overview
- Exhibit 130: Danone SA - Business segments
- Exhibit 131: Danone SA - Key news
- Exhibit 132: Danone SA - Key offerings
- Exhibit 133: Danone SA - Segment focus

12.7 DuPont de Nemours Inc.
- Exhibit 134: DuPont de Nemours Inc. - Overview
- Exhibit 135: DuPont de Nemours Inc. - Business segments
- Exhibit 136: DuPont de Nemours Inc. - Key news
- Exhibit 137: DuPont de Nemours Inc. - Key offerings
- Exhibit 138: DuPont de Nemours Inc. - Segment focus

12.8 Farmhouse Culture Inc.
- Exhibit 139: Farmhouse Culture Inc. - Overview
- Exhibit 140: Farmhouse Culture Inc. - Product / Service
- Exhibit 141: Farmhouse Culture Inc. - Key offerings

12.9 Kerry Group Plc
- Exhibit 142: Kerry Group Plc - Overview
- Exhibit 143: Kerry Group Plc - Business segments
- Exhibit 144: Kerry Group Plc - Key offerings
- Exhibit 145: Kerry Group Plc - Segment focus

12.10 Lallemand Inc.
- Exhibit 146: Lallemand Inc. - Overview
- Exhibit 147: Lallemand Inc. - Product / Service
- Exhibit 148: Lallemand Inc. - Key offerings

12.11 Lifeway Foods Inc.
- Exhibit 149: Lifeway Foods Inc. - Overview
- Exhibit 150: Lifeway Foods Inc. - Product / Service
- Exhibit 151: Lifeway Foods Inc. - Key offerings

12.12 Nestle SA
- Exhibit 152: Nestle SA - Overview
- Exhibit 153: Nestle SA - Business segments
- Exhibit 154: Nestle SA - Key news
- Exhibit 155: Nestle SA - Key offerings
- Exhibit 156: Nestle SA - Segment focus

12.13 Novozymes AS
- Exhibit 157: Novozymes AS - Overview
- Exhibit 158: Novozymes AS - Business segments
- Exhibit 159: Novozymes AS - Key news
- Exhibit 160: Novozymes AS - Key offerings
- Exhibit 161: Novozymes AS - Segment focus

12.14 Probulin Probiotics LLC
- Exhibit 162: Probulin Probiotics LLC - Overview
- Exhibit 163: Probulin Probiotics LLC - Product / Service
- Exhibit 164: Probulin Probiotics LLC - Key offerings

12.15 Symrise AG
- Exhibit 165: Symrise AG - Overview
- Exhibit 166: Symrise AG - Business segments
- Exhibit 167: Symrise AG - Key offerings
- Exhibit 168: Symrise AG - Segment focus

12.16 Thats it Nutrition LLC
- Exhibit 169: Thats it Nutrition LLC - Overview
- Exhibit 170: Thats it Nutrition LLC - Product / Service
- Exhibit 171: Thats it Nutrition LLC - Key offerings

12.17 Uncle Matts Organic
- Exhibit 172: Uncle Matts Organic - Overview
- Exhibit 173: Uncle Matts Organic - Product / Service
- Exhibit 174: Uncle Matts Organic - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources

13.5 List of abbreviations
- Exhibit 181: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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