Probiotics Market

Probiotics Market size reached USD 65.1 billion in 2022 and is estimated to reach USD 121.4 billion in 2030 and the market is estimated to grow at a CAGR of 8.1% from 2023-2030.

Probiotics are live microbial food ingredients which act as a beneficial bacteria or non-pathogenic in the human body. It consists of bacteria and yeast, which are broadly categorized in the global probiotics market. Bacteria such as Lactobacillus, Bifidobacterium, among others, are widely used in functional food and beverages, and the probiotics are considered as safe to consume as it improves the gut flora.

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The growing awareness regarding health benefits and the demand for health-based products amongst the people are the key factors that are bolstering the growth of the global Probiotics Market. Besides, the easy availability of probiotic-based products attracting, the consumers globally, which gives an immediate surge in the global probiotics market. The health benefits associated with probiotics such as, gastrointestinal infections and functions of the digestive system, improve the immune system, helps to prevent and treat diarrhea, reduce cholesterol and blood pressure, reduce the severity of certain allergies, among others which will further enhance the global probiotics market. Moreover, Probiotics contain Bifidobacterium and Lactobacillus, which also improve mental health conditions like depression, anxiety, obsessive-compulsive disorder. Besides that, the research & development activities (R&D) for the development of advanced technological products are further expected to play a crucial role in shaping the global Probiotics Market. However, the factors hindering the growth of the global Probiotics Market include the adverse effect on the human body suffering from immunodeficiency, short bowel syndrome, central venous catheters, and cardiac valve diseases.

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Various notable players operating in the market Danone, BioGaia, Chr. Hansen Holding A/S, Yakult Honsha Co. Ltd., DuPont de Nemours, Inc., Probi AB, Deerland Enzymes & Probiotics, Lifeway Foods Inc., Capsugel, Culturelle, among others. For Instance, BioGaia’s launch new product for probiotic bone health, BioGaia Osfortis, will be marketed by Everidis Health Sciences in the US.

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Segments covered in the Report:

The global Probiotics Market has been segmented on the basis of product type, application, distribution, and key geographies. Based on product type, the market is segmented into bacteria and yeast. Based on application, the market is segmented into food & beverages, dietary supplements, healthcare and others. Based on distribution, the market is segmented into online stores, Hypermarkets, specialized stores, and others.

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Key questions answered in this research report:
1- At what pace is global probiotic growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Probiotics Market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation
By Product Type
• Bacteria
• Yeast

By Application
• Food & Beverages
• Dietary Supplements
• Healthcare
• Others

By Distribution
• Online Stores
• Hypermarkets
• Specialized Stores
• Others

By Geography
• North America
As a part of the customization
o By Product Type
o By Application
o By Distribution
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Product Type
o By Application
o By Distribution
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Product Type
o By Application
o By Distribution
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Product Type
o By Application
o By Distribution
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Danone
• BioGaia
• Chr. Hansen Holding A/S
• Yakult Honsha Co. Ltd.
• DuPont de Nemours, Inc.
• Probi AB
• Deerland Enzymes & Probiotics
• Lifeway Foods, Inc.
• Capsugel
• Culturelle