Global Probiotics Market By Product (Probiotic Food, Probiotic Drinks, Dietary Supplements, Animal Feed), By Application (Human, Animal), Geographic Scope and Forecast
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Probiotics Market By Product (Probiotic Food, Probiotic Drinks, Dietary Supplements, Animal Feed), By Application (Human, Animal), Geographic Scope and Forecast
Probiotics Market Size and Forecast
Global Probiotics Market size was valued at USD 71.38 Billion in 2024 and is projected to reach USD 134.99 Billion by 2031, growing at a CAGR of 8.29% from 2024 to 2031.
- Probiotics are live bacteria that can provide health advantages when taken in sufficient quantities. They are often found in fermented foods and dietary supplements.
- Probiotics have a wide range of applications, the most common of which are to improve digestive health by repairing and maintaining a healthy gut microbiota. They are also being examined for their potential to treat a variety of health issues, such as irritable bowel syndrome, allergies, and immunological function. As researchers continue to unravel the complicated relationships between gut microbiota and overall health
- The future of probiotics looks promising, with possible applications ranging from mental health to obesity management and immune system modulation. Furthermore, advances in technology and formulation techniques are projected to promote innovation in probiotic products, broadening their accessibility and usefulness in promoting general health.
Global Probiotics Market Dynamics
The key market dynamics that are shaping the global probiotics market include
Key Market Drivers
- Growing Awareness of Health advantagesRising consumer awareness of the importance of gut health and the advantages of probiotics. As individuals grow more health conscious, they look for probiotic-containing products to help with digestion, immunity, and overall well-being.
- Preventive Healthcare Trends There is an increasing emphasis on preventive healthcare, as people seek ways to stay healthy and avoid ailments before they develop. Probiotics are viewed as a natural and effective strategy to improve digestive health, enhance the immune system, and maintain general wellness, which contributes to its market attractiveness.
- Technological Advancements and ResearchOngoing research and technology breakthroughs drive probiotic innovation, resulting in the development of new strains, formulations, and delivery systems. Improved understanding of the gut microbiota and its impact on health is driving the development of more focused and effective probiotic solutions, resulting in further market expansion.
- Expansion of the Functional Food and Beverage Sector The rise of the functional food and beverage sector is another important factor. Probiotics are rapidly being used in a variety of goods other than yogurt and supplements, such as drinks, snacks, and even cosmetics. This expansion broadens probiotics’ market reach, making them more accessible to consumers looking for simple, health-enhancing solutions.
Key Challenges
- Survivability and StabilityIn the probiotics business is guaranteeing the viability and stability of probiotic strains during the manufacturing, storage, and consumption processes. Temperature, moisture, acidity, and oxygen exposure can all have a negative impact on probiotic bacteria’s survivability and effectiveness. Maintaining appropriate conditions to retain probiotic viability from manufacturing to consumption is a substantial problem for manufacturers, particularly in goods with long shelf lives or that require refrigeration.
- Regulatory Hurdles and Labeling StandardsThe problem is negotiating the complex regulatory landscape and guaranteeing probiotic product labeling compliance. Regulations governing the classification, marketing, and labeling of probiotics differ by area, creating hurdles to market entry and expansion. Meeting severe regulatory requirements while effectively presenting the benefits and qualities of probiotic products to customers is a problem for manufacturers, especially in the absence of globally agreed standards.
- Probiotic Strain Selection and Efficacy Choosing the proper probiotic strains with proven efficacy for specific health benefits is critical, yet difficult. With thousands of bacterial strains identified, knowing which ones are most beneficial for treating certain health disorders necessitates substantial research and clinical validation. Furthermore, guaranteeing uniformity in probiotic potency and activity between batches is difficult since differences in production procedures and environmental conditions might affect strain performance.
- Consumer Education and Perception Despite increased awareness of probiotics’ health advantages, there is still a need for consumer education to dispel myths and promote informed decision-making. Many people are unaware of the mechanisms of action of probiotics, how to use them properly, and they may interact with drugs or other health issues. Furthermore, exaggerated marketing claims and misleading information in the probiotics industry might cause consumers to be skeptical and confused. The challenge for industry stakeholders is to effectively educate consumers about the function of probiotics in supporting gut health and general well-being while fostering transparency and evidence-based marketing.
Key Trends
- Expansion of the Functional Food and Beverage SectorThe probiotics market has grown significantly as probiotics have been incorporated into a wide range of functional food and beverage products. From yogurt and kefir to probiotic-infused beverages, snacks, and even beauty products, producers are increasingly harnessing probiotics’ health benefits to meet customer demand for handy and health-promoting items.
- Research and Development InnovationsAdvances in research and development have resulted in the discovery of new probiotic strains with increased potency and stability. Furthermore, technological advances in formulation and delivery systems have broadened the potential applications of probiotics beyond traditional supplements and fermented meals. This includes encapsulating strategies to protect probiotic microorganisms from severe stomach acids, and innovative delivery formats such as powders and gummies.
- Focus on Personalized Nutrition and Microbiome Health As people become more aware of the unique microbial composition of their intestines, there is a shift toward individualized dietary approaches that take into account the diversity of the gut microbiome. This trend has fueled the development of probiotic products suited to specific health needs and demographics, such as probiotics for infants, athletes, or people with irritable bowel syndrome (IBS) or lactose intolerance. Furthermore, improvements in microbiome testing technologies have allowed customers to get insights into their own gut health and make informed decisions about probiotic dosage.
- Rising Demand for Non-dairy Probiotics Non-dairy probiotic products are becoming increasingly popular in the probiotics market. While yogurt and other dairy-based probiotics have been popular for many years, a rising number of customers are looking for dairy-free options due to lactose intolerance, dairy allergies, or lifestyle choices like veganism. As a result, producers are introducing probiotics in non-dairy forms such as capsules, powders, candies, and even fermented foods like kimchi and sauerkraut to cater to this growing market niche.
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Global Probiotics Market, Regional Analysis
Here is a more detailed regional analysis of the global probiotics market
Asia Pacific
- In a regional analysis, Asia Pacific appears as the leading force in the probiotics industry, owing to many major factors, the region has a rich cultural tradition of fermented foods and beverages, like as kimchi, miso, and kefir, which have long been embedded in the diet and acknowledged for their nutritional value.
- This cultural affinity for probiotics has resulted in widespread consumer acceptance and consumption across all demographics. Furthermore, nations such as Japan and South Korea have a long history of probiotic usage, which fuels market growth.
- Furthermore, rising health consciousness and a greater emphasis on preventative healthcare have increased demand for functional foods and supplements, resulting in further growth in the Asia Pacific probiotics market. Overall, these variables jointly position Asia Pacific region as a dominant player driving innovation and growth in the global probiotics market.
North America
- North America emerges as the fastest-growing area in the probiotics market, owing to a number of major factors, growing consumer knowledge and interest in digestive health and general wellness has fueled demand for probiotic goods such as supplements, functional meals, and beverages.
- Furthermore, the increasing prevalence of digestive problems and gastrointestinal ailments has pushed people to look into probiotics as a natural treatment. Furthermore, the growing tendency toward preventative healthcare and healthy lives has accelerated the region’s use of probiotic products.
- Additionally, developments in research and development, combined with new marketing techniques by manufacturers, have helped to expand the probiotics industry in North America. Overall, these characteristics place North America as the probiotics market is fast expanding and dynamic, with significant opportunities for future expansion and innovation.
Global Probiotics MarketSegmentation Analysis
The Global Probiotics Market is segmented on the basis of By Product, By Application, and Geography.
Global Probiotics Market, By Product
- Probiotic Food
- Probiotic Drinks
- Dietary Supplements
- Animal Feed
Based on Product, the global probiotics market is segmented into Probiotic Food, Probiotic Drinks, Dietary Supplements, and Animal Feed. The dietary supplements industry is currently dominant due to rising consumer awareness and demand for health supplements around the world. These supplements provide customers with a practical approach to include probiotics into their daily routine, boosting digestive health and general well-being. The probiotic drinks segment is the fastest expanding, owing to rising demand for functional beverages.
Global Probiotics Market, By Application
- Human
- Animal
Based on the Application, the global probiotics market is segmented into Human and Animal. The human application sector is dominant, driven by increased awareness of digestive health advantages and the extensive usage of probiotics in various food and supplement formulations. The animal application category is the fastest-growing, owing to increased adoption in livestock farming for better animal health and performance.
Global Probiotics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the global probiotics markets are classified into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific emerges as the dominant region due to its long history of probiotic usage, particularly in Japan and South Korea, where fermented foods are a staple of the diet and probiotic supplements are extensively used. The Asia Pacific region accounts for a sizable share of global probiotic sales, driven by a strong cultural preference for digestive health and wellness activities. North America, on the other hand, is the fastest-growing category, driven by expanding consumer awareness, increased demand for functional foods and beverages, and a greater emphasis on preventative healthcare.
Key Players
The “Global Probiotics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Probi AB, BioGaia AB, Nestlé S.A., Danone S.A., Yakult Honsha Co., Ltd., Lallemand, Inc., Lifeway Foods, Inc., Dupont de Nemours, Inc., Kerry Group Plc, Archer Daniels Midland Co.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Probiotics MarketRecent Developments
- In May 2024,Curd to Ambil8 Probiotic Fermented Foods and Drinks for Improved Digestion. Fermented foods and drinks are a must-have for a healthy summer diet, as they include probiotics and nutrients that aid digestion and immunity. Here are eight delicious foods to include in your diet.
- In April 2024, Entod offers a probiotic to treat nasal allergies. The company claims that its R&D has produced a novel blend of clinically validated probiotic strains that can decrease nasal allergies and help manage allergic rhinitis. Lactoshield RH, a probiotic, is now accessible commercially after being recommended by an ENT physician or rhinologist.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Probi AB, BioGaia AB, Nestlé S.A., Danone S.A., Yakult Honsha Co., Ltd., Lallemand, Inc., Lifeway Foods, Inc., Dupont de Nemours, Inc., Kerry Group Plc, Archer Daniels Midland Co. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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