Probiotics market worth $23.93 billion by 2017

THE probiotics market, which was valued at $24.23 billion in 2011, is expected to grow at a CAGR of 6.8% from 2012 to 2017, according to the report “Probiotics Market By Products (Functional Foods, Dietary Supplements, Specialty Nutrients, Animal Feed), Applications (Regular, Therapeutic, Preventive Health Care) and Ingredients (Lactobacilli, Bifidobacteria, Yeast) - Global Trends and Forecasts To 2017” by MarketsandMarkets. Probiotic dairy products are expected to command the highest market share among all the probiotic foodstuffs accounting for almost 80% in the year 2011 and reach a market size of almost $23.93 billion by 2017. The biggest markets for these products are Europe and Asia-Pacific.