Global Probiotics Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Application (Food & Beverages, Dairy Products, Non-Dairy Beverages, Infant Formula, Cereals, Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End-User (Human And Animal), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Published: January, 2024
ID: 713
Pages: 182

Global Probiotics Market Size (2024 to 2029)

As per our analysis report, the global Probiotics Market is expected to reach USD 79.33 billion by 2029 from USD 56.56 billion in 2024, growing at a compound annual growth rate (CAGR) of 7.0 % during the forecast timeline.

Probiotics are microorganisms, for example, microscopic organisms and yeast, that benefit people and animals by keeping up intestinal microbial equalization. Probiotic ingredients produce common stomach-related juices and chemicals in the body to guarantee the appropriate working of the stomach-related framework and can be managed through food or as enhancements.

The development of the market is driven by variables, for example, medical advantages related to probiotic-braced food and innovative headways in probiotic items. Key drivers for the market's development are the expanding utilization of great nourishing substances in cooking because of expanding purchaser mindfulness about solid weight control plans. In an Asian nation, especially in Japan, the expansion in the old populace is a rewarding open door for the offer of probiotic supplements in the locale. One of the significant restrictions in the development of the market is the universal quality models, guidelines for probiotic items, and the high R&D costs for growing new probiotic strains.

Global Probiotics Market Drivers:

Right mindfulness among shoppers is on the ascent, and most purchasers are continually looking for substantial nourishment items for utilization. Probiotics have demonstrated solid advantages identified with health, all the more explicitly to the human stomach-related framework.

Probiotics are found in supplement structures or as segments of food and beverage. Their coordination with modest healthy eating, for example, yogurt, natural product squeezes, and refined dairy drinks has added to critical market size. The most regularly utilized microorganisms incorporate Bifidobacteria and Lactobacilli, which are found in different dairy items, including yogurt. In the dairy classification, yogurt is the most popular alternative for the utilization of probiotics. Makers are thinking of an assortment of other options in the yogurt classification; for example, in 2013, Chobani, LLC (US) presented a line of Greek yogurt in the US market, which has now become one of the leading brands across North America.

The expanding interest in probiotics has demonstrated that clients are leaning toward items with demonstrated advantages. The expanded proof of medical benefits related to probiotics for well-being rebuilding has developed the client's desires identified with probiotics for health relieving capacities. This tendency toward a protected, healthy, and practical substitute for drugs has driven the use of probiotics by pharmaceutical specialists. Valuable impacts of probiotics as pharmaceutical operators appear to be strain-and-portion subordinate. Clinical preliminaries have shown that probiotics may fix certain disarrangements or infections in people, particularly those identified with the gastrointestinal tract.

Significant interests in R&D exercises and affairs in labs, exploring hardware, and the considerable expense of procuring prepared experts make hindrances to the improvement of the global probiotic market. The relevant approval with respect to the utilization of probiotics in their applications turns into a triumph for this market. Probiotics applications are connected with medical advantages, which make it difficult for producers to get a sufficient profit for speculations on high-starting ventures.

Global Probiotics Market Restraints:

Probiotic strains and items are created and delivered according to worldwide food guidelines. Because of the significant expense of production, the loss of the last thing is likewise high. Marketing and conveyance of these items similarly add to the item cost, as they require unique bundling and circulation channels when contrasted with standard items. In spite of the fact that purchasers know about the medical advantages of probiotics, their significant expenses are limiting them from purchasing the item, which is a test for producers.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7.0%

Segments Covered

By Ingredient, Application, Form, End User, And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Yakult Honsha Co. Ltd, Nestle S.A., Groupe Danone, PepsiCo Inc. (Kevita), Lifeway Foods Inc., Actimel, Activia, Bright Dairy, BioGaia, CHR Hansen

 

This research report on the global Probiotics Market has been segmented and sub-segmented based on ingredient, application, form, end user, and region.

Global Probiotics Market - By Ingredient:

  • Bacteria
  • Yeast

In light of the ingredients, the yeast portion is anticipated to develop the quickest during the estimated time frame. The expanding interest in items like Saccharomyces boulardii, of a kind of tropical yeast with a few gainful aspects, impacts human intestinal well-being decidedly. Expanding mindfulness about the medical advantages of probiotics has driven the utilization of probiotic yogurts in developing nations, for example, China, Brazil, and India. In Japan, an assortment of probiotic-containing items is accessible in stores, extending from invigorated beverages to confections containing strains from the Lactobacillus and Bifidobacterium genera.

Global Probiotics Market - By Application:

  • Food & Beverages
  • Dietary Supplements
  • Animal Feed

Because of its use, the food and beverages portion represented the most significant part of the probiotics business in 2018. The items under this class incorporate foods and drinks that offer particular medical advantages past principal sustenance because of their specific ingredients. The food and beverage section is the most significant income-producing market across areas.

Global Probiotics Market - By Form:

  • Dry
  • Liquid

The interest in liquid probiotics has expanded when contrasted with dry probiotics because of their application in yogurt, which is the most well-known wellspring of probiotics. Different items that utilize liquid probiotics incorporate kefir water, probiotic juices, and yogurt-based beverages, which are sound alternatives for day-by-day supplementation.

Global Probiotics Market - By End User:

  • Human Probiotics
  • Animal Probiotics

Global Probiotics Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

The Asia Pacific probiotics market is anticipated to be the quickest developing sector for the period considered because of the increase in extra cash and the expanding fame for wholesome food items, alongside the developing innovation base, prompting the expanded interest for probiotics in the district. The quick monetary development in nations, for example, China, Japan, Brazil, and Argentina, has led to a noteworthy increment in the dispensable salaries of domesticated animals’ proprietors. This is driving the interest in probiotic-based food, making the Asia Pacific the quickest-developing business sector internationally.

KEY MARKET PLAYERS:

Major Key Players in the Global Probiotics Market are Yakult Honsha Co. Ltd, Nestle S.A., Groupe Danone, PepsiCo Inc. (Kevita), Lifeway Foods Inc., Actimel, Activia, Bright Dairy, BioGaia, CHR Hansen

RECENT HAPPENINGS IN THE MARKET:

  • In June 2018, CHR Hansen extended its product strain library for the improvement of cutting-edge probiotics.
  • In August 2017, DuPont extended its probiotic office in Madison, Wisconsin. The organization made a venture of USD 10 million. The thought process behind the development was to grow its essence in the probiotics market, additionally.
  • In October 2017, Kerry obtained the US-based probiotics player Ganeden. The organization went into the probiotics business through this obtaining.

 

Please wait. . . . Your request is being processed

Frequently Asked Questions

1. What is the current market trend for probiotics?

The probiotics market has been experiencing steady growth due to increasing consumer awareness of the link between gut health and overall well-being. Key factors driving market growth include rising demand for functional foods, dietary supplements, and probiotic research and product development advancements.

2, What are the key factors driving the growth of the probiotics market?

Factors include increasing consumer awareness about gut health, rising demand for functional foods, and growing research validating the health benefits of probiotics.

3. What challenges does the probiotics market face?

Challenges include regulatory complexities, the need for strain-specific research, and concerns regarding the stability and viability of probiotics in products.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample