Probiotics Market size was valued at USD 75.42 Bn. in 2023 and the total revenue is expected to grow at 8.43% through 2024 to 2030, reaching nearly USD 132.51 Bn.Probiotics Market Overview:
Probiotics are bacteria and yeast that help humans and other animals sustain a healthy microbial composition in their intestines. Probiotics are a type of bacteria that promotes the body's own digestive juices and catalysts, ensuring appropriate digestion. Orally or as a complement, they can be used. Probiotics also protect healthy species from highly hazardous bacteria. Probiotics are increasingly utilised to diagnose and treat mental problems, as well as digestive and neurological diseases. They also boost the human immune system, protect proteins and enzymes from reactive oxygen species, and lower pathogen levels in the body.To know about the Research Methodology :- Request Free Sample Report
Probiotics Market Dynamics:
Primary healthcare entails leading a healthy lifestyle and eating habits that help to keep diseases at bay. Preventive healthcare awareness is on the rise as a result of a variety of variables, including rising discretionary income, higher living standards, and a geriatric population. The widespread availability of information about preventative healthcare on the internet is also helping to raise awareness. The presence of socioeconomic probiotics, such as for geriatrics and females, distinguishes the market in the United States. These niche markets have given regional players the opportunity to experiment with alternative techniques in order to diversify their product portfolio and make the most of their resources. Probiotics are having a favourable impact on the market, owing to their important function in immune system health. Probiotics, in particular, have been hailed as an excellent supplemental strategy for combating the infection. Year-over-year sales of Yakult branded probiotic products climbed by 11.5 % in March and 10.3 % in April 2021, according to Yakult Honsha. Probi and Danone SA both saw an increase in probiotic demand during COVID-19. Meanwhile, Meiji Holdings announced that the value of its dairy products, including yoghurt, increased in February and April of 2021, with a year-on-year growth rate of 7.4 percent in March 2021. In the long run, high R&D expenses for producing new probiotic strains, as well as global quality regulatory criteria for probiotic products, are likely to suffocate the probiotics market. The market faces a hurdle in incorporating probiotics into functional meals.Probiotics Market Segment Analysis:
The global Probiotics Market is segmented by Type and Distribution Channel. Based on product, the market was dominated by the probiotic food segment in 2023, accounting for over 61.2% of the revenue. Manufacturers are increasingly adding enzymes and probiotics to food products. This move is due to the demand for items with higher nutritional and fiber content from consumers. Probiotics, which are digestive ingredients, are commonly used in fish oil and yogurt to lower the risk of gut health issues. The increasing awareness of improving quality of life and the rise in disposable incomes have led consumers to adopt probiotics to address their health issues. Manufacturers are responding to the growing demand for probiotics in foods and beverages by expanding their businesses. For instance, in August 2022, Korea's Hy Co, formerly known as Korea Yakult, announced its expansion into probiotic business categories to include a broader range of products. The probiotic dietary supplements segment is expected to experience the fastest CAGR of 14.2% during the forecast period. The growth of the probiotics dietary supplement industry is anticipated to be driven by the increasing inclination toward wellness programs due to rising health-related issues such as blood pressure, unhealthy lifestyles, obesity, and inadequate diet. These supplements aid in building a strong immune system to treat various gastrointestinal diseases, dental caries, and breast cancer. Furthermore, in the U.S., many adults and children take one or more dietary supplements like probiotics to obtain sufficient amounts of essential nutrients to improve their health.Probiotics Market Regional Insights:
Asia Pacific held the largest market share of 42% in 2023 and it is expected to grow at the highest CAGR of 9.1% in the global Probiotics market during the forecast period. Due to global players' marketing strategy, the region is seeing a significant increase in consumer awareness. The booming market from countries like India, China, and Australia is helping to drive the overall rise. The expanding population, along with rising disposable incomes and wealth, is estimated to fuel the regional potential market. North America held the 2nd largest market share of 28% in 2023. The regional market is expected to increase as firms in the food service and pharmaceutical industries continue to invest. Major players are spending in Researching and developing new items that will appeal to customers of various ages and genders. Over the forecast period, these factors are expected to enhance the market growth. The objective of the report is to present a comprehensive analysis of the global Probiotics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Probiotics Market dynamic, structure by analyzing the market segments and project the global Probiotics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Probiotics Market make the report investor’s guide.Probiotics Industry Ecosystem
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Probiotics Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 75.42 Billion Forecast Period 2024 to 2030 CAGR: 8.43% Market Size in 2030: USD 132.51 Billion Segments Covered: by Type Probiotic Food Yogurt Bakery/Breakfast Cereals Baby Food and Infant Formula Others Probiotic Beverages Fruit-based Probiotic Drinks Dairy-based Probiotic Drinks Dietary Supplements Animal Feed Others by Distribution Channel Hypermarkets/Supermarkets Pharmacies/Drugstores Convenience Stores Specialty Stores Online Probiotics Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Probiotics Market, Key Players:
1. CHR. Hansen 2. Danone 3. Yakult Honsha 4. Dowdupont 5. Kerry 6. Probi AB 7. Nestle 8. Biogaia 9. Morinaga Milk Industry Co., Ltd. 10.Glac Biotech 11.Bifodan A/S 12.Lallemand 13.General Mills 14.Uas Laboratories 15.Archer Daniels Midland Company (ABM) 16.Evolve Biosystem Inc 17.Sabinsa Corporation 18.Pepsico inc 19.Post Holdings inc 20.Kerry Inc. 21.Amul Frequently Asked Questions: 1. Which region has the largest share in the Global Probiotics Market? Ans: Asia Pacific region held the highest share in 2023 in the global probiotics market. 2. What is the growth rate of the Global Probiotics Market? Ans: The Global Probiotics Market is growing at a CAGR of 8.43% during the forecasting period 2024-2030. 3. What is the scope of the Global Probiotics Market Report? Ans: Global Probiotics Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in the Global Probiotics market? Ans: The important key players in the Global Probiotics Market are – CHR. Hansen, Danone, Yakult Honsha, Dowdupont, Kerry, Probi AB, Nestle, Biogaia, Morinaga Milk Industry Co., Ltd., Glac Biotech, Bifodan A/S, Lallemand, General Mills, Uas Laboratories, Archer Daniels Midland Company (ABM), Evolve Biosystem Inc, Sabinsa Corporation, Pepsico inc, Post Holdings inc, Kerry Inc., and Amul 5. What is the study period of this market? Ans: The Global Probiotics Market is studied from 2018 to 2030.
1. Probiotics Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Probiotics Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem Analysis 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Consolidation of the Market 2.8.1. Strategic Initiatives and Developments 2.8.2. Mergers and Acquisitions 2.8.3. Collaborations and Partnerships 2.8.4. Product Launches and Innovations 3. Probiotics Market: Dynamics 3.1. Probiotics Market Trends 3.2. Probiotics Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. Macroeconomic Factors 3.3.1. Increase in Retail Sales 3.3.2. Growth Opportunities in Developing Regions like APAC & South America 3.4. PORTER’s Five Forces Analysis 3.4.1. Threat of New Entrants 3.4.2. Threat of Substitutes 3.4.3. Bargaining Power of Suppliers 3.4.4. Bargaining Power of Buyers 3.4.5. Intensity of Competitive Rivalry 3.5. PESTLE Analysis 3.6. Supply Chain Analysis 3.7. Value Chain Analysis 3.7.1. Research & Product Development 3.7.2. Sourcing 3.7.3. Production & Processing 3.7.4. Packaging & Storage 3.7.5. Distribution, Sales, and Marketing 3.8. Technology Roadmap 3.9. Regulatory Landscape 3.9.1. Regulatory Bodies, Government Agencies, and Other Organizations 3.9.2. Regulatory Framework by Region 3.10. Patent Analysis 3.10.1. List of Major Patents pertaining to the market 3.11. Pricing Analysis 3.11.1. Average Selling Price Trend by Region 4. Probiotics Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 4.1. Probiotics Market Size and Forecast, by Type (2023-2030) 4.1.1. Probiotic Food 4.1.1.1. Yogurt 4.1.1.2. Bakery/Breakfast Cereals 4.1.1.3. Baby Food and Infant Formula 4.1.1.4. Others 4.1.2. Probiotic Beverages 4.1.2.1. Fruit-based Probiotic Drinks 4.1.2.2. Dairy-based Probiotic Drinks 4.1.3. Dietary Supplements 4.1.4. Animal Feed 4.1.5. Others 4.2. Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 4.2.1. Hypermarkets/Supermarkets 4.2.2. Pharmacies/Drugstores 4.2.3. Convenience Stores 4.2.4. Specialty Stores 4.2.5. Online 4.3. Probiotics Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Probiotics Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 5.1. North America Probiotics Market Size and Forecast, by Type (2023-2030) 5.1.1. Probiotic Food 5.1.1.1. Yogurt 5.1.1.2. Bakery/Breakfast Cereals 5.1.1.3. Baby Food and Infant Formula 5.1.1.4. Others 5.1.2. Probiotic Beverages 5.1.2.1. Fruit-based Probiotic Drinks 5.1.2.2. Dairy-based Probiotic Drinks 5.1.3. Dietary Supplements 5.1.4. Animal Feed 5.1.5. Others 5.2. North America Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 5.2.1. Hypermarkets/Supermarkets 5.2.2. Pharmacies/Drugstores 5.2.3. Convenience Stores 5.2.4. Specialty Stores 5.2.5. Online 5.3. North America Probiotics Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Probiotics Market Size and Forecast, by Type (2023-2030) 5.3.1.1.1. Probiotic Food 5.3.1.1.1.1. Yogurt 5.3.1.1.1.2. Bakery/Breakfast Cereals 5.3.1.1.1.3. Baby Food and Infant Formula 5.3.1.1.1.4. Others 5.3.1.1.2. Probiotic Beverages 5.3.1.1.2.1. Fruit-based Probiotic Drinks 5.3.1.1.2.2. Dairy-based Probiotic Drinks 5.3.1.1.3. Dietary Supplements 5.3.1.1.4. Animal Feed 5.3.1.1.5. Others 5.3.1.2. United States Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.1.2.1. Hypermarkets/Supermarkets 5.3.1.2.2. Pharmacies/Drugstores 5.3.1.2.3. Convenience Stores 5.3.1.2.4. Specialty Stores 5.3.1.2.5. Online 5.3.2. Canada 5.3.2.1. Canada Probiotics Market Size and Forecast, by Type (2023-2030) 5.3.2.1.1. Probiotic Food 5.3.2.1.1.1. Yogurt 5.3.2.1.1.2. Bakery/Breakfast Cereals 5.3.2.1.1.3. Baby Food and Infant Formula 5.3.2.1.1.4. Others 5.3.2.1.2. Probiotic Beverages 5.3.2.1.2.1. Fruit-based Probiotic Drinks 5.3.2.1.2.2. Dairy-based Probiotic Drinks 5.3.2.1.3. Dietary Supplements 5.3.2.1.4. Animal Feed 5.3.2.1.5. Others 5.3.2.2. Canada Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.2.2.1. Hypermarkets/Supermarkets 5.3.2.2.2. Pharmacies/Drugstores 5.3.2.2.3. Convenience Stores 5.3.2.2.4. Specialty Stores 5.3.2.2.5. Online 5.3.3. Mexico 5.3.3.1. Mexico Probiotics Market Size and Forecast, by Type (2023-2030) 5.3.3.1.1. Probiotic Food 5.3.3.1.1.1. Yogurt 5.3.3.1.1.2. Bakery/Breakfast Cereals 5.3.3.1.1.3. Baby Food and Infant Formula 5.3.3.1.1.4. Others 5.3.3.1.2. Probiotic Beverages 5.3.3.1.2.1. Fruit-based Probiotic Drinks 5.3.3.1.2.2. Dairy-based Probiotic Drinks 5.3.3.1.3. Dietary Supplements 5.3.3.1.4. Animal Feed 5.3.3.1.5. Others 5.3.3.2. Mexico Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.3.2.1. Hypermarkets/Supermarkets 5.3.3.2.2. Pharmacies/Drugstores 5.3.3.2.3. Convenience Stores 5.3.3.2.4. Specialty Stores 5.3.3.2.5. Online 6. Europe Probiotics Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 6.1. Europe Probiotics Market Size and Forecast, by Type (2023-2030) 6.2. Europe Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3. Europe Probiotics Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.1.2. United Kingdom Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.2. France 6.3.2.1. France Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.2.2. France Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Germany Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.4.2. Italy Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Spain Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Sweden Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.7. Austria 6.3.7.1. Austria Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Austria Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Probiotics Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Rest of Europe Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7. Asia Pacific Probiotics Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 7.1. Asia Pacific Probiotics Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3. Asia Pacific Probiotics Market Size and Forecast, by Country (2023-2030) 7.3.1. China 7.3.1.1. China Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.1.2. China Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.2. S Korea 7.3.2.1. S Korea Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.2.2. S Korea Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.3. Japan 7.3.3.1. Japan Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Japan Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.4. India 7.3.4.1. India Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.4.2. India Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.4.3. India Probiotics Market Size and Forecast, by End-User (2023-2030) 7.3.5. Australia 7.3.5.1. Australia Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.5.2. Australia Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.6. ASEAN 7.3.6.1. ASEAN Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.6.2. ASEAN Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.7. Rest of Asia Pacific 7.3.7.1. Rest of Asia Pacific Probiotics Market Size and Forecast, by Type (2023-2030) 7.3.7.2. Rest of Asia Pacific Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 8. Middle East and Africa Probiotics Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 8.1. Middle East and Africa Probiotics Market Size and Forecast, by Type (2023-2030) 8.2. Middle East and Africa Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 8.3. Middle East and Africa Probiotics Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Probiotics Market Size and Forecast, by Type (2023-2030) 8.3.1.2. South Africa Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Probiotics Market Size and Forecast, by Type (2023-2030) 8.3.2.2. GCC Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 8.3.3. Rest of ME&A 8.3.3.1. Rest of ME&A Probiotics Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest of ME&A Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 9. South America Probiotics Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030 9.1. South America Probiotics Market Size and Forecast, by Type (2023-2030) 9.2. South America Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 9.3. South America Probiotics Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Probiotics Market Size and Forecast, by Type (2023-2030) 9.3.1.2. Brazil Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Probiotics Market Size and Forecast, by Type (2023-2030) 9.3.2.2. Argentina Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 9.3.3. Rest Of South America 9.3.3.1. Rest Of South America Probiotics Market Size and Forecast, by Type (2023-2030) 9.3.3.2. Rest Of South America Probiotics Market Size and Forecast, by Distribution Channel (2023-2030) 10. Company Profile: Key Players 10.1. CHR. Hansen 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Danone 10.3. Yakult Honsha 10.4. Dowdupont 10.5. Kerry 10.6. Probi AB 10.7. Nestle 10.8. Biogaia 10.9. Morinaga Milk Industry Co., Ltd. 10.10. Glac Biotech 10.11. Bifodan A/S 10.12. Lallemand 10.13. General Mills 10.14. Uas Laboratories 10.15. Archer Daniels Midland Company (ABM) 10.16. Evolve Biosystem Inc 10.17. Sabinsa Corporation 10.18. Pepsico inc 10.19. Post Holdings inc 10.20. Kerry Inc. 10.21. Amul 11. Key Findings & Analyst Recommendations 12. Global Probiotics Market: Research Methodology 12.1. Top Down Approach 12.2. Bottom-Up Approach
