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    Probiotics Market

    ID: MRFR/F-B & N/0460-CR
    111 Pages
    Snehal Singh
    February 2021

    Probiotics Market Research Report Information By Source (Bacteria and Yeast), By Application (Functional food and beverages, Dietary Supplements, Animal Nutrition, and Others), And By Region (North America, Asia-Pacific, Europe, And Rest Of The World) - Forecast Till 2032

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    Probiotics Market Summary

    As per Market Research Future Analysis, the Global Probiotics Market was valued at USD 44.051 billion in 2023 and is projected to grow to USD 84.60 billion by 2032, with a CAGR of 7.40% from 2024 to 2032. The growth is driven by increased health awareness, rising demand for functional foods, and the popularity of dietary supplements. The market is characterized by a strong preference for natural products, particularly yogurt, and a shift towards plant-based options. North America leads the market, followed by Asia-Pacific, with significant growth in China and India. Key players are investing in R&D to innovate and expand their product offerings.

    Key Market Trends & Highlights

    The probiotics market is experiencing significant growth driven by health awareness and product innovation.

    • Probiotics Market Size in 2023: USD 44.051 billion.
    • Projected Market Size by 2032: USD 84.60 billion.
    • CAGR from 2024 to 2032: 7.40%.
    • North America is the largest regional market, driven by consumer awareness.

    Market Size & Forecast

    2023 Market Size USD 44.051 billion
    2024 Market Size USD 47.80 billion
    2032 Market Size USD 84.60 billion
    CAGR (2024-2032) 7.40%

    Major Players

    Key players include Lallemand Inc., Probi AB, CHR-Hansen AA/S, Kerry Group, Synbio Tech Inc., DowDupont Inc., Novozymes A/S, Probiotics SpA, Roelmi HPC, UAS Laboratories LLC, and Greentech SA.

    Probiotics Market Trends

    Growing health awareness is driving the market growth

    The increasing consumer awareness regarding gut health and the potential benefits of probiotics is driving a notable shift in dietary preferences towards functional foods and supplements.

    U.S. Department of Agriculture (USDA)

    Probiotics Market Drivers

    Rising Health Consciousness

    The Global Probiotics Market Industry is experiencing a surge in demand driven by increasing health consciousness among consumers. Individuals are becoming more aware of the benefits of gut health and its correlation with overall well-being. This trend is reflected in the growing preference for functional foods and dietary supplements that contain probiotics. As of 2024, the market is valued at approximately 47.8 USD Billion, indicating a robust interest in products that promote digestive health and immune support. This heightened awareness is likely to propel the market further as consumers seek out products that align with their health goals.

    Market Segment Insights

    Segment Insights

    Probiotics Source Insights

    The Probiotics market segmentation, based on source, includes Bacteria and Yeast. The bacterial source dominates the market. The bacterial strains like Lactobacillus and Bifidobacterium are largely used for probiotic products for animal and human consumption. Historically they are popular sources and are widely researched microorganisms; hence the rise in acceptance of probiotics by consumers, the bacteria segment will dominate the market.

    Figure 1: Probiotics Market, by Source, 2022 & 2032 (USD billion)

    Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

    Probiotics Application Insights

    The Probiotics market segmentation, based on application, includes Functional food and beverages, Dietary Supplements, Animal Nutrition, and Others. Functional food & beverage dominates the market with a large revenue share in the market globally. Probiotics are used in this industry to elevate the total nutritional value and flavor of baked goods. The consumption of probiotic-permeated baked products like, muffins and healthy bars has increased in recent years due to the rising awareness of its preventive healthcare properties. Probiotic dietary supplements are also gaining popularity among customers those who are looking for natural solutions to health ailments.

    Get more detailed insights about Probiotics Market Research Report - Forecast till 2032

    Regional Insights

    By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American probiotic market is expected to dominate this market, owing to an increase in consumer awareness about the health benefits of probiotics. Additionally, the regional market players invest in research and development to manufacture new products for consumers of different ages and genders. The US is the largest presenter of the probiotic market owing to the rise in interest in consuming healthy and functional food & beverages.

    Further, major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: PROBIOTICS MARKET SHARE BY REGION 2022 (%)

    PROBIOTICS MARKET SHARE BY REGION 2022 (%)

    Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

    The Asia-Pacific Probiotics Market accounts for the second-largest market share due to expanding awareness of a healthy lifestyle and nutrition and rising population and per capita disposable income. Moreover, China’s market of  Probiotics held the largest market share, and the Indian Probiotics industry was the fastest-growing market in the Asia-Pacific region.

    Europe's Probiotics industry is experiencing considerable growth in the market share as the people here are becoming aware of its health benefits and the presence of a variety of products. Further, the UK Probiotics industry held the largest market share in the European region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Probiotics market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Probiotics industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Probiotics industry to benefit clients and increase the market sector. In recent years, the Probiotics industry has offered some of the most significant advantages to health-conscious consumers. Major players in the Probiotics market, including Lallemand Inc., Probi AB, CHR-Hansen AA/S, Kerry Group, Synbio Tech Inc., DowDupont Inc., Novozymes A/S, Probiotics SpA, Roelmi HPC, UAS Laboratories LLC, Greentech SA., and others, are attempting to increase market demand by investing in research and development operations.

    BioGaia is a Swedish healthcare company and the world's number one in probiotics. It puts together the well-researched probiotic bacteria Lactobacillus reuteri and top-line engineering to develop unique packaging solutions that make it possible to create probiotic products matching the customer's needs. The class B share of BioGaia is quoted on the Mid Cap list of the Nordic Exchange Stockholm. BioGaia, a biotechnology company, announced the collaboration with Skinome for doing research and development of a product using live bacteria, which will improve skin health in a natural way by supporting the skin microbiome in the year 2022.

    In August 2022, along with wholly-owned subsidiary Metabogen (a research and development), it launched a probiotic product and spread its product portfolio with new bacterial strains. In July 2022, BioGaia company developed a probiotic product to help children with respiratory health, which focuses on strengthening the immune system and supporting children's upper respiratory health.

    Neuraxpharm is a top European specialty pharmaceutical company focused on treating central nervous system disorders with direct business in 20 countries. With a focus on CNS, Neuraxpharm launches and commercializes established brands, value-added medicine, generics, Consumer Healthcare products, medical cannabis, and beyond-the-pill solutions and is constantly focused on providing a wide range of effective, high quality and affordable CNS treatment options in Europe. It has its products in more than 50 countries; Neuraxpharm also manufactures pharmaceutical products (FDFs) and active pharmaceutical ingredients (APIs) in its own manufacturing sites in Spain, Lesvi, and Inke.

    In May 2019, Neuraxpharm Group launched its first probiotic in the regional market that, follows a special licensing contract with Bened Biomedical Co., Ltd.

    Key Companies in the Probiotics Market market include

    Industry Developments

    On March 15, 2024, DuPont announced that they will introduce new probiotics that will emphasize immune health. The new product targets the consumer base of those wishing to improve their gut and immunity, to satisfy the growing demand of quite a number of functional foods and nutritional supplements that enhance health.

    In January 2024, New Garden of Life Adult Probiotics came in the market launched by Nestlé Health Science. The new range includes a number of probiotics which helps in improving the consumers gut health on various levels from digestion, immunity, and even internal stress. This is part of the larger trend of offering customized solutions to health problems and the broader move towards using probiotics for general health and wellbeing.

    In December 2023, Yakult, a leader in probiotics announced expansion of its operations in Asia to cater to the growing demand for its probiotic drinks in Asia. The expansion seeks to increase supply into major markets China and India where there is a rising concern of products that promote gut health.

    In November 2023, Probiotic Partners Llc debuted a plant based probiotic suited for vegetarians and other restrictions consumers The supplement is free of dairy, gluten and artificial additives and are made from organic ingredients, targeting the increasing plant based and clean label products market.

    In October 2023, the probiotics sector attracted significant investment from multiple national companies when a multinational company, DSM Nutritional Products formed a strategic partnership with a biotechnology company that focuses on research and manufacture of new gut health probiotics. The goal of the partnership is to combine state of the art research and development to formulate new generation probiotics for gastrointestinal and brain health.

    In September of 2023, the Activia brand of Danone introduced a new line of probiotic yogurt drinks that are designed for digestive health, using so-called advanced probiotics. The company in response to demand for functional nutrition’s integration into dairy products spoke upon its new probiotic strains potential of increasing nutrient bioavailability and gut microbiome health.

    Future Outlook

    Probiotics Market Future Outlook

    The Global Probiotics Market is projected to grow at a 7.4% CAGR from 2024 to 2035, driven by rising health awareness, increasing demand for functional foods, and advancements in probiotic formulations.

    New opportunities lie in:

    • Develop targeted probiotic products for specific health conditions like digestive disorders.
    • Leverage e-commerce platforms to enhance product accessibility and consumer engagement.
    • Invest in research for innovative probiotic delivery systems to improve efficacy and consumer experience.

    By 2035, the Global Probiotics Market is expected to reach new heights, reflecting robust growth and innovation.

    Market Segmentation

    Probiotics Source Outlook

    • Bacteria
    • Yeast

    Probiotics Regional Outlook

    North America
    • US
    • Canada

    Probiotics Applications Outlook

    • Functional food and beverages
    • Dietary Supplements
    • Animal Nutrition
    • Others

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 44.051 billion
    Market Size 2024 USD 47.80 billion
    Market Size 2032 USD 84.60 billion
    Compound Annual Growth Rate (CAGR) 7.40% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Application, and Region
    Geographies Covered North America, Asia Pacific, Europe, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Lallemand Inc., Probi AB, CHR-Hansen AA/S, Kerry Group, Synbio Tech Inc., DowDupont Inc., Novozymes A/S, Probiotics SpA, Roelmi HPC, UAS Laboratories LLC, Greentech SA.
    Key Market Opportunities Integration of advanced technologies has the potential to replace pharmaceutical agents.
    Key Market Dynamics Health benefits related to probiotics consumption and wide applications in industries.

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    How much is the Probiotics market?

    The Probiotics market size valued at USD 447.80 Billion in 2024.

    What is the growth rate of the Probiotics market?

    The market is projected to grow at a CAGR of 7.40% during the forecast period, 2024-2032.

    Which region held the largest market share of the Probiotics market?

    North America had largest share of the market

    Who are the key players in the Probiotics market?

    The key players in the market are Lallemand Inc., Probi AB, CHR-Hansen AA/S, Kerry Group, Synbio Tech Inc., DowDupont Inc., Novozymes A/S, Probiotics SpA, Roelmi HPC, UAS Laboratories LLC, Greentech SA.

    Which type led the Probiotics market?

    The bacterial Probiotics category dominated the market in 2023.

    Which application had the largest market share in the Probiotics market?

    The functional food & beverages application had the largest share in the market.

    Probiotics Market Research Report - Forecast till 2032 Infographic
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