Global Probiotics Market Size, Share, Growth Analysis, By Product(Probiotic Food & Beverages, Probiotic Dietary Supplements), By Ingredient(Bacterial, and Yeast), By End-use(Human Probiotics, and Animal Probiotics), By Distribution Channel(Hypermarkets/Supermarkets, Pharmacies/Drugstores) - Industry Forecast 2024-2031

Report ID: SQMIG30I2299 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 117 | Figures: 77

Global Probiotics Market Regional Insights

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.

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Global Probiotics Market size was valued at around USD 62.53 billion in 2022 and is expected to rise from USD 67.22 billion in 2023 to reach a value of USD 119.88 billion by 2031, at a CAGR of 7.5% over the forecast period (2024–2031).

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. 'Danone S.A.', 'Nestlé S.A.', 'Yakult Honsha Co., Ltd.', 'Chr. Hansen Holding A/S', 'Probi AB', 'Kerry Group plc', 'Lallemand Inc.', 'BioGaia AB', 'DuPont de Nemours, Inc.', 'Sabinsa Corporation', 'Procter & Gamble Co.', 'Archer Daniels Midland Company', 'Amul', 'General Mills Inc.', 'Cargill, Incorporated', 'Biocodex', 'Lifeway Foods Inc.', 'Groupe Lactalis S.A.', 'Nature's Bounty Co.', 'Health & Happiness (H&H) International Holdings Ltd.'

The trend toward natural and organic products is driving the growth of the probiotics market, as consumers seek out products that are free from synthetic ingredients and chemicals.

Growing Demand for Probiotic Supplements: The demand for probiotic supplements is increasing, as consumers are becoming more health-conscious and are looking for ways to improve their digestive health, boost their immune system, and enhance overall well-being.

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Global Probiotics Market Regional Insights

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