USD 58.17 billion
Report ID: SQMIG30I2216 | Region: Global | Published Date: May, 2023 | Pages: 157 | Tables: 117 | Figures: 77
Global Probiotics Market size was valued at around USD 58.17 billion in 2021 and is expected to rise from USD 62.53 billion in 2022 to reach a value of USD 111.21 Billion by 2030, at a CAGR of 7.5 % over the forecast period (2023–2030).
The global probiotics market is driven by the rising consumer preference for preventative healthcare along with the creation of effective probiotic strains. Probiotics have positive benefits on the body when ingested in sufficient levels, including better gut health and less intestinal inflammation. Probiotics are very important for preventative healthcare since they boost the immune system and stop diseases before they start. Thus, over the course of the forecast period, increasing awareness of preventive healthcare is anticipated to spur market growth.
Preventive healthcare includes living a healthy lifestyle and making dietary decisions that help stop the development of diseases. Due to a number of causes, including rising disposable money, rising living standards, and an aging population, awareness of preventative healthcare is expanding. Additionally contributing to the rise in awareness is the ease with which internet users can find information about preventative healthcare.
Probiotics targeting various demographics, like geriatrics and genders, are what define the market in the United States. These niche markets have given local players the ability to use a variety of tactics to diversify their product offerings and make the most of their available resources. Over the next few years, the U.S. market is anticipated to be driven by an excessive demand for probiotic-based food, beverage, and dietary supplement products.
The COVID-19 pandemic significantly increased consumer demand for immune-boosting foods and supplements. Probiotics are widely known for their ability to strengthen the immune system since they provide strong defense against gastrointestinal infections and encourage the body's generation of natural antibodies.
According to a survey done by the Natural Marketing Institute in May 2020, usage of probiotics increased dramatically that year. According to the study, the proportion of Americans who use probiotics has climbed by 66%, while the number of new users of probiotics in Italy has increased by 188%, and the proportion of probiotic users in China has increased by 108% over the preceding six months. As a result, the market growth in 2020 was greatly helped by the sudden rise in probiotic users.
Global Market Size
USD 58.17 billion
Largest Segment
Bacteria
Fastest Growth
Bacteria
Growth Rate
7.5% CAGR
To get more reports on the above market click here to Buy The Report
The global probiotics market is segmented on the basis of product, ingredient, end-use, distribution channel, and region. Based on Product the market is segmented into probiotic food & beverages, probiotic dietary supplements, and animal feed probiotics. Based on ingredients, the market is segment into bacteria, and yeast. With respect to categorization by end-use, the market is segmented into human probiotics, and animal probiotics. On the basis of distribution channel, the market is classified into hypermarkets/supermarkets, pharmacies/drugstores, specialty stores, online stores, and others. Based on region the global probiotics market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product
The probiotic food and beverage sector led the global market in 2022, accounting for a revenue share of more than 75.0%. The product-based sectors of the market are probiotic foods and beverages, probiotic dietary supplements, and probiotics for animal feed. The categories of dairy, non-dairy, cereals, baked products, fermented meat and dry food probiotics are further broken down into which foods and beverages they fall. Food supplements, nutritional supplements, specialist nutrients, and newborn formula are further subcategories of dietary supplements.
Probiotics are added to baked goods to boost their overall nutritional value and flavor. Among other products, nutritious bars and probiotic muffins have been released on the market. Because of the growing trend towards preventative healthcare, the consumption of these probiotic-infused baked goods has increased recently.
Probiotic dietary supplements are increasingly well-liked among consumers looking for all-natural treatments for a range of health issues. Probiotics are a natural alternative to pharmaceutical treatments for a number of disorders relating to gut health, gastrointestinal issues, and immune building. Growth is anticipated to be further boosted by the creation of novel delivery systems such as chewable goods, effervescent powders, and gummies.
Analysis by Ingredient
The bacteria market category held the top spot with a revenue share of more than 80.0%. The market is divided into bacteria and yeast based on the ingredient. Lactobacilli, Bifidobacterium, streptococcus, and other bacteria make up the bacteria section, whereas Saccharomyces Boulardii and other yeast species make up the yeast segment. Most probiotics have a strong bacterial component, most notably lactobacillus or lactic acid bacteria. These components are mostly used in fermented foods including kefir, sauerkraut, yogurt, and kimchi. A substantial additional market for bacterial components is dietary supplements.
Yeast-based probiotic compounds are excellent for use in a variety of applications beyond the food industry due to their numerous biological activities. Yeast-based substances not only help fermented meals taste better, but they also improve the productivity and health of breastfeeding animals that are growing. The most popular yeast type (ingredient) in the probiotics market is Saccharomyces Boulardii, which has the healing ability to help endure corrosive pancreatic and bile secretions as well as other stomach acids.
To get detailed analysis on other segments, Request For Sample Report
Asia Pacific dominated the global market with a revenue share of more than 40.0%. Due to the intense competitive techniques used by the global firms, the region is seeing a considerable rise in consumer awareness. The demand from countries like Australia, China, and India is very strong, which is encouraging worldwide growth. The increasing population, rising disposable income, and improved living standards are also predicted to assist the expanding regional market.
North America is expected to grow significantly during the time of the forecast. Regional market expansion is anticipated to be supported by manufacturers' continuous investments in the pharmaceutical, food and beverage, and other industries. The regional players are investing money in R&D to produce new products that will appeal to clients of different ages and genders. It is projected that these factors will quicken market expansion throughout the forecast period.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Rising Demand for Natural and Organic Products
Restraints
Lack of Standardization
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The main players dominate the market due to their wide globally reach and reliable distribution networks. These players concentrate on a variety of commercial methods, such as establishing long-term supply contracts with numerous distribution channels, in order to survive competition. Due to the presence of a target consumer base in the region, major companies have been increasingly focused on entering the South East Asian markets all over the years.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Probiotics market is the market is driven by the rising consumer preference for preventative healthcare along with the creation of effective probiotic strains. Probiotics have positive benefits on the body when ingested in sufficient levels, including better gut health and less intestinal inflammation. Probiotics are very important for preventative healthcare since they boost the immune system and stop diseases before they start. Thus, over the course of the forecast period, increasing awareness of preventive healthcare is anticipated to spur market growth.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 58.17 billion |
Market size value in 2030 | USD 62.53 billion |
Growth Rate | 7.5% |
Base year | 2021 |
Forecast period | (2023–2030) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Probiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Probiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Probiotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Probiotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTGet lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG30I2216