What is the global market size of Probiotics In Human Nutrition Market?

Probiotics In Human Nutrition Market size was valued at USD 58.17 billion in 2021 and is poised to grow from USD 62.53 billion in 2022 to USD 119.89 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

Global Probiotics In Human Nutrition Market Size, Share, Growth Analysis, By Type(Lactobacillus, Bifidobacterium), By Application(Dietary Supplements, Functional Nutrition) - Industry Forecast 2024-2031

Report ID: SQSG30I2045 | Region: Global | Published Date: February, 2024
Pages: 265 | Tables: 69 | Figures: 75

Global Probiotics In Human Nutrition Market Insights

Probiotics In Human Nutrition Market size was valued at USD 58.17 billion in 2019 and is poised to grow from USD 62.53 billion in 2023 to USD 119.89 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

In terms of volume, the probiotics in human nutrition market is projected to reach 3.1 million tons in 2019 at a CAGR of 9.7%. The industry is gaining traction, thanks to rising demand for Probiotics derived from natural sources. During the forecast period, it is expected to expand at the fastest CAGR in the Probiotics market.

The growing importance of preventative healthcare is one of the key factors driving global demand for probiotics. The significant production and use of probiotics is supplemented by probiotic advancements by important companies, most notably in China, Japan, and India. Key market participants have been investing in R&D operations to produce efficient probiotic strains in response to the increased demand for probiotics. The probiotics sector has also seen developments in delivery devices to improve probiotic delivery in people and animals. Over the projected period, such advancements are likely to become a trend in the sector. Probiotics are mostly offered as dietary supplements in affluent nations such as the United States. The expanding ageing population and greater consumer interest in preventative healthcare have fuelled demand for probiotic nutritional supplements.

US Probiotics In Human Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.

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The leading companies dominate the industry due to their extensive worldwide reach and reliable distributed systems. These players concentrate on various business tactics, such as establishing long-term supply agreements with numerous distribution channels, to survive the competition. Due to the availability of a target customer base in the area, significant businesses have increasingly focused on entering the Southeast Asian markets throughout the years. 'BioGaia AB', 'Chr. Hansen Holding A/S', 'Danone S.A.', 'DuPont de Nemours, Inc.', 'Fonterra Co-operative Group Limited', 'Ganeden, Inc.', 'General Mills, Inc.', 'I-Health, Inc.', 'Lallemand Inc.', 'Lifeway Foods, Inc.', 'Nestle S.A.', 'Probi AB', 'Sabinsa Corporation', 'ScandiBio Therapeutics', 'Shanghai United Cell Biotechnology Co. Ltd.', 'Société des Produits Nestlé S.A.', 'UAS Laboratories LLC', 'Valio Ltd.', 'Yakult Honsha Co., Ltd.', 'Yoplait'

Natural food items are becoming more popular as people become more aware of the importance of living a healthy lifestyle. The probiotics industry is being driven by this rising awareness of health and nutrition goods. The intake of goods with natural ingredients, particularly probiotics, is significantly influenced by personal well-being. The market for probiotic components has grown as consumers have understood the health benefits of include probiotics in their daily diets, including better intestinal health, decreased calorie consumption, higher immunity, and improved calcium absorption.

In addition to other dietary supplements, market participants have launched new products that include probiotic supplements. There are many different types of probiotic supplements, including pills, drops, capsules, and probiotics, that contain distinct probiotic strains. It's expected that producers of private label and branded goods will keep growing their product offerings in the probiotic product categories.

In 2021, North America will command a revenue share of more than 30% of the worldwide market. Because of the competitive techniques used by multinational firms, the area is seeing a significant increase in consumer awareness. Demand from nations such utilized, China, and Australia is helping to drive overall development. The expanding population, together with rising disposable income and an improved standard of life, is predicted to fuel regional market expansion.

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Global Probiotics In Human Nutrition Market Size, Share, Growth Analysis, By Type(Lactobacillus, Bifidobacterium), By Application(Dietary Supplements, Functional Nutrition) - Industry Forecast 2024-2031

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