Probiotics Market Size
The global probiotics market size was valued at USD 46.20 in 2019 and is expected to reach USD 75.90 Billion by 2026, with a CAGR of around 7.35%to grow at a compound annual growth rate (CAGR) of 6.9% from 2021 to 2028.
The increasing awareness of the health benefits of probiotics, the growing demand for natural and organic products, and the expansion of the probiotics market into new applications are some of the factors driving the growth of the probiotics market. The COVID-19 pandemic has also contributed to the growth of the market, as consumers are increasingly looking for ways to support their immune system and overall health.
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Some of the Top Market Players Are:
- Danisco A/S
- Arla Foods Inc.
- Probi AB
- Ganeden Inc.
- Lifeway Foods Inc.
- Chr. Hansen Holding A/S
- General Mills Inc.
- BioGaia AB
- Nestle S.A.
- Danone
- Lallemand Inc.
Market Segmentation
By Product –
- Bacteria And Yeast
By Application –
-
- Food & Beverages
- Dietary Supplements
- And Animal Feed
The major region covered in this report:
-
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
- North America
The probiotics market is segmented by application, end-use, and region. The application segment includes food and beverages, dietary supplements, and animal feed. The food and beverage segment is expected to hold the largest market share due to the growing demand for probiotics in the food and beverage industry. The end-use segment includes human probiotics and animal probiotics. The human probiotics segment is expected to hold the largest market share due to the increasing awareness of the health benefits of probiotics for digestive health.
Geographically, the probiotics market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to hold the largest market share due to the high consumption of probiotics in countries like Japan and China. North America and Europe are also significant markets for probiotics, with the growing demand for natural and organic products driving the growth of the market in these regions.
Overall, the global probiotics market is expected to continue to grow in the coming years, driven by the increasing awareness of the health benefits of probiotics, the expansion of the market into new applications, and the growing demand for natural and organic products.
The production and distribution of dietary supplements, functional foods, and animal feed that contain beneficial live bacteria and yeasts that support the health of the gut microbiome is the focus of the probiotics market, which is a dynamic industry that is expanding at a rapid rate. The probiotics market is also known as the “good bacteria market.” Research has proven that the bacteria that dwell in the gut play an important part in maintaining general health and wellness. The gut microbiome is a collection of microorganisms that live in the digestive system.
The market for probiotics is a global sector with a huge number of participants ranging from small start-ups to large multinational corporations. These players can be found in every region of the world. The sector is very competitive, with companies striving for market share by producing products that are of high quality, scientifically validated, and priced in a manner that is appealing to consumers.
The demand for probiotics can be attributed to a number of different factors, including an increased knowledge of the need of maintaining good gut health, shifting consumer tastes towards natural and organic products, and rising expenses associated with medical treatment. Another area of expansion for the probiotics market is the utilisation of probiotics in animal feed, which helps to maintain the health of livestock as well as the growth of domesticated animals and pets.
The market for probiotics is divided into several submarkets, including dietary supplements, functional foods and drinks, and animal feed. These segments contain a wide variety of bacterial and yeast strains, each of which contributes a unique set of advantages to one’s health. These advantages include boosting the immune system, enhancing digestive health, and lowering the chance of developing certain diseases.
In recent years, there has been a growing interest in personalised nutrition, which involves tailoring diets and supplements to individual needs based on factors such as genetics, lifestyle, and the composition of the microbiome. This interest has led to an increase in the number of studies conducted on personalised nutrition. This has resulted in the creation of new goods and services that enable customers to tailor the amount of probiotics they ingest to match the particular requirements of their own health conditions.
In general, the market for probiotics is a rapidly developing and significant business that is anticipated to continue its expansion as understanding of the significance of maintaining good gut health continues to spread throughout the healthcare and wellness industries.
Probiotics Market Trends
The probiotics market has been growing steadily in recent years and is projected to continue to grow in the future. Here are some of the current trends in the probiotics market:
Growing demand for natural and organic products: There is an increasing awareness of the health benefits of probiotics, and consumers are looking for natural and organic products to support their digestive health. This trend is driving the development of new probiotics products that are free from artificial additives and preservatives.
Increasing focus on preventive health: There is a growing interest in preventive health, and consumers are looking for ways to support their immune system and overall health. Probiotics are seen as a natural way to support digestive health and boost the immune system, which is driving the demand for probiotics products.
Expansion of the probiotics market into new applications: Probiotics are being used in a growing number of applications beyond digestive health, including skin care, oral health, and even pet care. This is driving the development of new probiotics products that are specifically designed for these applications.
Emergence of personalized probiotics: Personalized nutrition is a growing trend, and probiotics are no exception. Companies are developing probiotics products that are tailored to an individual’s unique microbiome, providing a more targeted approach to digestive health.
Growth in online sales: The online sales of probiotics are growing as consumers are increasingly shopping for health supplements online. This trend is driving the development of new e-commerce platforms and the expansion of existing ones to make it easier for consumers to purchase probiotics products online.
Emphasis on scientific research and clinical studies: With the growing interest in probiotics, there is an increasing emphasis on scientific research and clinical studies to provide evidence of their health benefits. This is driving the development of new probiotics products that are backed by scientific research and clinical trials.
Overall, the probiotics market is evolving in response to changing consumer needs and preferences, with an increasing focus on natural and organic products, preventive health, and new applications for probiotics. Companies are developing new products and innovations to meet these changing needs and remain competitive in the market.
