Reports
Global Probiotics Market Share, Growth, Trends, Forecast: By Product: Probiotic Food and Beverages, Probiotic Dietary Supplements; By Ingredients: Bacteria, Yeast; By End-Use: Human Probiotics, Animal Probiotics; By Distribution Channel; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Probiotics Market Outlook
The global probiotics market size reached approximately USD 57.1 billion in 2023. The market is assessed to grow at a CAGR of 8.2% between 2024 and 2032 to attain a value of around USD 91.4 billion by 2032.
Key Trends in the Market
Probiotics are live microorganisms that provide health benefits when consumed, typically by improving or restoring gut flora. Bifidobacteria and Lactobacilli are some of the most commonly used probiotic bacterial strains, and they can be found in a variety of dairy products, including yoghurt.
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Probiotics are known to provide various health benefits such as balancing the digestive system, improving mental health disorders, lowering cholesterol levels, and enhancing overall immunity. They also aid in lowering symptoms of diseases such as yeast infections, diarrhoea, irritable bowel syndrome, eczema, lactose intolerance, urinary tract infection, and constipation, among others.
- Evolving eating habits, an expanding middle class, and the rising demand for packaged foods and beverages with health claims are benefitting the probiotics market demand. The growing trend of better-for-you snacking that can promote digestive health is also prompting manufacturers to incorporate probiotics in snacks like granola, puffs, and mixes.
Moreover, the bakery sector is also witnessing a renaissance amid rising health concerns, surging the incorporation of functional ingredients like probiotics in baked goods.
- One of the crucial probiotics market trends is the growing inclination towards wellness. Consumers are increasingly demanding foods and beverages that offer additional health benefits such as improved mental health and energy levels, boosting the demand for probiotics. In addition to this, with the rising focus on gut health, probiotics are moving beyond yoghurt and are being increasingly added to non-traditional food products like ice cream, nutrition bars, sauces, juices, and chocolates, among others.
- The burgeoning popularity of fermented foods such as sauerkraut, vinegar, kombucha, kimchi, kefir, and yoghurt, among others, is significantly expanding the probiotics market revenue. Fermented foods are renowned due to their versatility, extensive shelf life, and health benefits, among others. In the forecast period, the rising demand for ethnic cuisines is expected to bolster the market for probiotics.
- Key players are increasingly incorporating probiotics in infant nutrition to provide support for early-life development, enhance the immune health of infants, and promote healthy gut function. The growing availability of probiotics in formats like powders and drops, among others, also makes them ideal for use in infant nutrition.
- The probiotics market expansion is being fuelled by the development of innovative packaging solutions that can extend the shelf-stability and durability of probiotic-based food and beverages, consequently decreasing food wastage for customers and retailers. Furthermore, research activities demonstrating the benefits of probiotics in mental health, metabolic profile, and physiological well-being are further aiding the market demand.
- Increasing research and development (R&D) activities in microbiome science are expected to drive the probiotics market growth in the coming years. Researchers are also attempting to derive probiotics from novel sources that can meet the evolving requirements of the growing health and environmentally-conscious population.
In the forecast period, advancements in bioinformatics and biotechnology are likely to provide valuable insights into the mechanism of probiotics and improve their clinical efficacy and dietary relevance to meet evolving customer requirements.
Market Analysis
Based on product, the probiotics market segmentation includes probiotic food and beverages and probiotic dietary supplements. On the basis of ingredients, the market can be divided into bacteria and yeast.
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By end-use, the market divisions include human probiotics and animal probiotics. The various distribution channels of the product are hypermarkets/supermarkets, pharmacies/drug stores, speciality stores, and online stores, among others. The major regional markets for probiotics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global probiotics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Arla Foods amba
- BioGaia AB
- Chr. Hansen Holding A/S
- Danone S.A.
- Nestlé S.A.
- Koninklijke DSM N.V.
- Archer-Daniels-Midland Company
- Fonterra Co-operative Group Limited
- Lifeway Foods, Inc.
- Yakult Honsha Co., Ltd.
- Reckitt Benckiser Group plc.
- Kerry Group plc
- PepsiCo Inc.
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- NextFoods, Inc.
- Amway Corp.
- Others
Market Share by Product
Probiotic food and beverages represent a significant portion of the global probiotics market share, supported by the growing preference for functional foods. The increasing prevalence of chronic diseases such as autoimmune diseases, arthritis, and weakness, among others, is also driving the consumption of probiotics foods and beverages with improved health benefits.
Food and beverages containing probiotics can lower nutritional deficiencies, reduce incidences of several diseases, increase the intake of minerals, vitamins, and healthy fats, and prevent malnutrition. In addition, the increasing trend of veganism and the rising prevalence of lactose intolerance are pushing key players to develop non-dairy probiotic beverages made from ingredients like vegetables, grains, and legumes, among others.
Similarly, there is an increasing consumption of probiotics supplements to improve gut health, lower stress levels, enhance mental health, and reduce the risk of cardiovascular diseases. The rising awareness regarding the benefits of probiotic supplements to reduce incidences of mastitis, especially during the early stages of breastfeeding and late pregnancy, is also aiding the probiotics market demand.
Market Share by Distribution Channel
Supermarkets and hypermarkets hold a considerable market share due to the increasing availability of gut-friendly beverages such as kombucha and yoghurt in these channels. Such stores are increasingly stocking clean-labelled, non-GMO, halal, and kosher-certified probiotics to appeal to different religious communities and health-conscious customers. Furthermore, with the growing trend of wellness, supermarkets and hypermarkets are expanding their product offerings to meet evolving customer demands.
In the forecast period, online channels are expected to substantially contribute to the probiotics market expansion as they offer convenient purchasing benefits to customers. Online shopping also provides accessibility to a wide range of products at attractive discounts, prompting customers to buy probiotics online. Free delivery options and product reviews from other customers also make e-commerce channels ideal for buying functional food and beverages.
With the penetration of various e-commerce companies offering rapid and same-day delivery, online sales of probiotics are anticipated to considerably surge in the coming years. Besides, the development of various D2C brands offering functional foods through online channels is positively influencing the market demand.
Market Share by Region
According to the probiotics market analysis, the demand for probiotics in the Asia Pacific is growing amid the rising inclination towards health and nutrition. The surging awareness regarding the benefits of functional food and the increasing focus on optimal gut health are further fuelling the market growth in the region.
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China, particularly, has emerged as a powerhouse of probiotics due to the rising demand for healthy bacteria in food and beverages. With research activities demonstrating the health benefits of probiotics for skin, brain, and digestive health, their demand is growing among Chinese customers. Besides, South Korea is witnessing an increased demand for probiotic-based juices, kombucha, supplements, as well as cosmetics due to surging health concerns.
Animal farmers in the region are also using probiotic-based feed as antimicrobial growth promoters for their livestock amid rising health concerns and deteriorating animal health. Meanwhile, as per the probiotics market overview, North America is anticipated to witness healthy growth in the forecast period due to the growing prevalence of lifestyle-based diseases, rising health consciousness, and the transition towards healthy beverages in the region.
The rising prevalence of digestive issues and bolstering focus on wellness among customers are fuelling the demand for convenience food and beverages containing probiotic strains to provide better-for-you benefits. In addition, growing technological advancements and innovations are likely to further offer probiotics market opportunities in the forecast period.
Competitive Landscape
Arla Foods amba is a leading dairy company as well as cooperative that is owned by over 12,500 dairy farmers in the Netherlands, Denmark, the United Kingdom, Sweden, Luxemburg, Germany, and Belgium. Through its reputed brands such as Lurpak, Puck, Arla, and Castello, the company sells and markets its products in more than 120 countries.
Chr. Hansen Holding A/S, headquartered in Hoersholm, Denmark, is a prominent bioscience company that is engaged in the development of natural ingredients for use in the agriculture, nutrition, food, and pharmaceutical sectors. It also owns more than 50,000 bacterial strains that are screened, improved, and selected to meet specific requirements for food, animal feed, dietary supplements, and plant protection, among others.
BioGaia AB is a Swedish probiotic company that was founded in 1990. The company has been at the forefront of microbiome research and develops, sells, and markets probiotic products. Its products are sold through nearly 80 distribution partners in more than 100 countries. It extensively invests in R&D activities to expand its product portfolio, discover new microbes, and advance the development of superior probiotics.
Other global probiotics market players include Danone S.A., Nestlé S.A., Koninklijke DSM N.V., Archer-Daniels-Midland Company, Fonterra Co-operative Group Limited, Lifeway Foods, Inc., Yakult Honsha Co., Ltd., Reckitt Benckiser Group plc., Kerry Group plc, PepsiCo Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., NextFoods, Inc., and Amway Corp., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Ingredients |
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| Breakup by End-Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Probiotics Market Analysis
8.1 Key Industry Highlights
8.2 Global Probiotics Historical Market (2018-2023)
8.3 Global Probiotics Market Forecast (2024-2032)
8.4 Global Probiotics Market by Product
8.4.1 Probiotic Food and Beverages
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Dairy Products
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Non-Dairy Products
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.1.3.3 Cereals
8.4.1.3.3.1 Historical Trend (2018-2023)
8.4.1.3.3.2 Forecast Trend (2024-2032)
8.4.1.3.4 Baked Food
8.4.1.3.4.1 Historical Trend (2018-2023)
8.4.1.3.4.2 Forecast Trend (2024-2032)
8.4.1.3.5 Fermented Meat
8.4.1.3.5.1 Historical Trend (2018-2023)
8.4.1.3.5.2 Forecast Trend (2024-2032)
8.4.1.3.6 Dry Food Probiotics
8.4.1.3.6.1 Historical Trend (2018-2023)
8.4.1.3.6.2 Forecast Trend (2024-2032)
8.4.2 Probiotic Dietary Supplements
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Food Supplements
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Nutritional Supplements
8.4.2.3.2.1 Historical Trend (2018-2023)
8.4.2.3.2.2 Forecast Trend (2024-2032)
8.4.2.3.3 Speciality Supplements
8.4.2.3.3.1 Historical Trend (2018-2023)
8.4.2.3.3.2 Forecast Trend (2024-2032)
8.4.2.3.4 Infant Formula
8.4.2.3.4.1 Historical Trend (2018-2023)
8.4.2.3.4.2 Forecast Trend (2024-2032)
8.4.2.3.5 Animal Feed Probiotics
8.4.2.3.5.1 Historical Trend (2018-2023)
8.4.2.3.5.2 Forecast Trend (2024-2032)
8.5 Global Probiotics Market by Ingredients
8.5.1 Bacteria
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Yeast
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Probiotics Market by End-Use
8.6.1 Human Probiotics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Animal Probiotics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Probiotics Market by Distribution Channel
8.7.1 Hypermarkets/Supermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmacies/Drug Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Speciality Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Online Stores
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Probiotics Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Probiotics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Probiotics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Probiotics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Probiotics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Probiotics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Arla Foods amba
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BioGaia AB
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Chr. Hansen Holding A/S
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Danone S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nestlé S.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Koninklijke DSM N.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Archer-Daniels-Midland Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Fonterra Co-operative Group Limited
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Lifeway Foods, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Yakult Honsha Co., Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Reckitt Benckiser Group plc.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Kerry Group plc
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 PepsiCo Inc.
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Mother Dairy Fruit & Vegetable Pvt. Ltd.
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 NextFoods, Inc.
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Amway Corp.
16.2.16.1 Company Overview
16.2.16.2 Product Portfolio
16.2.16.3 Demographic Reach and Achievements
16.2.16.4 Certifications
16.2.17 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Probiotics Market: Key Industry Highlights, 2018 and 2032
2. Global Probiotics Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Probiotics Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Probiotics Historical Market: Breakup by Ingredients (USD Billion), 2018-2023
5. Global Probiotics Market Forecast: Breakup by Ingredients (USD Billion), 2024-2032
6. Global Probiotics Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7. Global Probiotics Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8. Global Probiotics Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Probiotics Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Probiotics Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Probiotics Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Probiotics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Probiotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Probiotics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Probiotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Probiotics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Probiotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Probiotics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Probiotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Probiotics Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Probiotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Probiotics Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 57.1 billion.
The market is assessed to grow at a CAGR of 8.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 91.4 billion by 2032.
The major market drivers are the growing health consciousness and the increasing demand for food and beverages containing probiotics.
The burgeoning popularity of fermented foods, the development of innovative packaging solutions by key players, and the rising incorporation of probiotics in infant formula are the key trends fuelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end-uses of probiotics are human probiotics and animal probiotics.
The major players in the market are Arla Foods amba, BioGaia AB, Chr. Hansen Holding A/S, Danone S.A., Nestlé S.A., Koninklijke DSM N.V., Archer-Daniels-Midland Company, Fonterra Co-operative Group Limited, Lifeway Foods, Inc., Yakult Honsha Co., Ltd., Reckitt Benckiser Group plc., Kerry Group plc, PepsiCo Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., NextFoods, Inc., and Amway Corp., among others.
Analyst Review
The global probiotics market attained a value of approximately USD 57.1 billion in 2023, driven by increasing customer awareness about the health benefits of the product. Aided by the growing innovations by key players, the market is estimated to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.2%. The market is projected to reach a value of around USD 91.4 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is segmented into probiotic food and beverages, and probiotic dietary supplements. On the basis of ingredients, the market is bifurcated into bacteria and yeast. Based on end-use, the market is classified into human probiotics and animal probiotics. On the basis of distribution channel, the market is divided into hypermarkets/supermarkets, pharmacies/drug stores, speciality stores, and online stores, among others. The major regional markets for probiotics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arla Foods amba, BioGaia AB, Chr. Hansen Holding A/S, Danone S.A., Nestlé S.A., Koninklijke DSM N.V., Archer-Daniels-Midland Company, Fonterra Co-operative Group Limited, Lifeway Foods, Inc., Yakult Honsha Co., Ltd., Reckitt Benckiser Group plc., Kerry Group plc, PepsiCo Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., NextFoods, Inc., and Amway Corp., among others
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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