Global Probiotics Food And Cosmetics Market Size By Product Type (Probiotics Food And Beverages, Dietary Supplements), By Distribution Channel (Hypermarkets/Supermarkets, Pharmacies/ Drugstores Specialty stores), By Ingredients (Bacteria, Yeast), By Geographic Scope And Forecast
Published on: 2024-08-05 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Probiotics Food And Cosmetics Market Size By Product Type (Probiotics Food And Beverages, Dietary Supplements), By Distribution Channel (Hypermarkets/Supermarkets, Pharmacies/ Drugstores Specialty stores), By Ingredients (Bacteria, Yeast), By Geographic Scope And Forecast
Probiotics Food And Cosmetics Market Size And Forecast
Probiotics Food And Cosmetics Market size was valued at USD 67.14 Billion in 2023 and is projected to reach USD 112.1 Billion by 2030, growing at a CAGR of 7.30% from 2024 to 2031.
Markets for probiotic foods and cosmetics are anticipated to grow as consumers prefer products with established health benefits. Probiotics have a number of positive health effects, including improved immunity and altered metabolism. They also serve as functional foods, nutraceuticals, and food supplements to help their customers lead healthy lifestyles. The best probiotic skin care products support a layer of natural bacteria on the skin that is stronger, healthier, and calmer, making them excellent for preventing dryness, irritation, inflammation, and damage brought on by free radical exposure. Probiotic supplements are eaten more often today, and their economic value is rising quickly.
Consumer knowledge of the advantages of microorganisms and bacteria used in cosmetic and skincare products, such as Lactobacillus and Bifidobacterium, is growing. The market for probiotic goods is being driven by consumers’ growing awareness of the advantages of germs and bacteria like Lactobacillus and Bifidobacterium found in cosmetic and skincare products. Major development drivers for the Global Probiotics Food And Cosmetics Market are the numerous health benefits of using probiotics products for the body and skin and the increased desire for nutritarian food over other medicated items.
Global Probiotics Food And Cosmetics Market Drivers
The market drivers for the Probiotics Food And Cosmetics Market can be influenced by various factors. These may include
- Growing Awareness As people become more aware of the health advantages of probiotics, the market for probiotic products is expanding.
- Health Consciousness As people’s concerns about their health and wellness grow, there is a growing market for probiotic foods and cosmetics as consumers look for goods that promote gut health and general well-being.
- Change in Consumer Preferences Probiotics are becoming more and more popular in food and cosmetic items as consumers choose natural and organic ingredients over synthetic ones.
- Scientific Research As more studies demonstrate the benefits of probiotics for immunity, skin health, and digestive health, customer trust in probiotic products is growing, which in turn is propelling the market’s expansion.
- Product Development Innovations As a result of ongoing advancements in delivery methods and formulations, a greater variety of probiotic products are now on the market to meet the varying needs and tastes of consumers.
- E-commerce Growth The emergence of e-commerce platforms has increased global consumer accessibility to probiotic goods, propelling market expansion outside of traditional retail channels.
- Partnerships and Investments Growing R&D expenditures from businesses, along with strategic alliances and partnerships, are driving product innovation and market expansion in the probiotics industry.
- Regulatory Support The use of probiotics in food and cosmetics is governed by favourable regulatory frameworks and norms that are creating a favourable climate for market expansion and boosting customer confidence in these goods.
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Global Probiotics Food And Cosmetics Market Restraints
Several factors can act as restraints or challenges for the Probiotics Food And Cosmetics Market. These may include
- Regulatory Obstacles Probiotic product approvals and navigating complicated regulatory systems can be difficult and time-consuming, which impedes market expansion even in areas where rules are helpful.
- Cost constraints Compared to traditional products, the production and formulation of probiotic foods and cosmetics are frequently more expensive, which may restrict their affordability and uptake, especially in emerging markets.
- Probiotics are live microorganisms with a limited shelf life. As such, they must be stored properly and handled carefully at every stage of the supply chain. For manufacturers and merchants, this may result in increased expenses and logistical difficulties.
- Consumer Scepticism Some customers may not completely comprehend the advantages of probiotics or may still have doubts about their effectiveness. Market expansion may be hampered by the need to dispel myths and win over customers’ trust through education and awareness initiatives.
- Competition from Traditional items Traditional items that can provide comparable health or skincare benefits compete with probiotic meals and cosmetics. It can be difficult to persuade customers to convert to probiotic alternatives, particularly if they have a strong brand loyalty.
- Disruptions in the Supply Chain Shortages of raw materials, problems with transportation, or natural catastrophes can cause supply disruptions in the probiotic product manufacturing and distribution process, which can result in unstable markets and shortages of the product.
- Cultural Preferences & Dietary Habits Probiotic foods and beverages are accepted and adopted differently depending on the locale due to differences in dietary practices and cultural preferences. In particular areas, market penetration may be hampered by the need to modify items to accommodate a wide range of tastes and preferences.
- Regulation of Health Claims Tight laws restricting probiotic product marketing and health claims may make it more difficult for producers to explain the possible health advantages of their goods, which would reduce demand and customer knowledge.
Global Probiotics Food And Cosmetics Market Segmentation Analysis
The Global Probiotics Food And Cosmetics Market is Segmented on the basis of Product Type, Distribution Channel, Ingredients, and Geography.
Probiotics Food And Cosmetics Market, By Product Type
- Probiotic food & beverages
- Dairy
- Non-dairy
- Cereals
- Baked Food
- Fermented Meat
- Dry Food
Dietary Supplements
- Food Supplements
- Nutritional Supplements
- Specialty Supplements
- Infant Formula
- Cosmetic
Based on Product Type, The market is bifurcated into Probiotics food & beverages, Dietary Supplements, and Cosmetic. Probiotic dietary supplements have grown in popularity among consumers looking for consistent treatments for various health conditions. Probiotics are a typical strategy for treating a variety of illnesses related to stomach health, and gastrointestinal conditions and boosting resistance, as opposed to pharmaceutical solutions. It is intended that the creation of unique delivery systems, such as chewy candies, bubbly powders, and pleasurable goods, will further boost development. Human skin produces more peptides, collagen, and ceramides when probiotics are present. This makes the skin more elastic, which lessens the visibility of lines and wrinkles. Some probiotics also minimize pores and offer skin-rejuvenating exfoliating qualities.
Excellent bacteria included in probiotics contribute to the body’s continued good health and functionality. These beneficial bacteria aid in a variety of processes, including thwarting harmful bacteria. Probiotic dietary supplements have grown in popularity among consumers looking for consistent treatments for various health conditions. Probiotics are a typical strategy for treating a variety of illnesses related to stomach health, and gastrointestinal conditions and boosting resistance, as opposed to pharmaceutical solutions. The development of innovative delivery systems, such as chewy sweets, bubbly powders, and enjoyable objects, is intended to add lift development.
Probiotics Food And Cosmetics Market, By Distribution Channel
- Hypermarkets/Supermarkets
- Pharmacies/ Drugstores Specialty stores
- Online
Based on the Distribution Channel, The market is bifurcated into Hypermarkets/Supermarkets, Pharmacies/ Drugstores Specialty stores, and Online. Probiotics can be purchased more profitably through online retailers. Consumer purchase behavior has evolved in recent years as a result of the vast selection of goods, the ease of shopping, the ability to choose the desired quantity and delivery time, and the availability of few deals. Retail now offers a whole new level of simplicity and convenience thanks to eCommerce. Never before has shopping been so straightforward or focused. with the aid of an effective eCommerce marketing plan.
Construction of physical stores where things are cataloged is no longer necessary thanks to e-commerce. Additionally, eCommerce stores are reachable via the Internet from any location in the world. Because of this, eCommerce stores are more widely available to clients throughout the world and offer a passive environment for business operations. The firm has benefited over the long run from a significant increase in the number of pharmacies, wellness centers, and other relevant distribution channels, and is expected to continue to do so in the coming years.
Probiotics Food And Cosmetics Market, By Ingredients
- Bacteria
- Yeast
Based on Ingredients, The market is bifurcated into Bacteria and Yeast. The most commonly ingested bacteria strains include Streptococcus thermophilus, Bifidobacteria, and Lactobacilli (Enterococcus, Bacillus, and Pediococcus). The balance of the host’s intestinal microbiota and the ensuing improvement of the immune system are the main advantages of using bacterial strains generated from science in probiotic meals.
The other benefits include improving women’s health, lowering cholesterol, preventing disease, treating tooth decay, and restoring the pH balance of the large intestine. A popular probiotic found in foods like yogurt is lactobacilli. It has a wide range of uses for preserving human health, including the treatment of eczema, vaginal infections, and diarrhea.
Probiotics Food And Cosmetics Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Global Probiotics Food And Cosmetics Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. In the upcoming years, probiotic manufacturers should benefit from significant development possibilities due to the increase in supermarkets, particularly in Asia Pacific. Given the rising need for yogurt in the nation and the fact that domestic production cannot keep up with demand, China is anticipated to offer lucrative prospects for US yogurt producers.
By introducing their product lines, businesses like General Mills (US) and Chobani (US) can break into the nation’s yogurt market. Customers are eager to spend more money at supermarkets on products that offer nutritional advantages. Young people in the nation are drawn to supermarket shopping despite the cost due to the trend toward living a healthy lifestyle. The rising need for internet distribution channels has forced supermarkets to change their business models. For instance, supermarkets use tactics like in-store promotions and on-site demos.
The market for probiotic food and cosmetics was dominated by the Asia-Pacific region. Probiotics are quickly becoming one of the key components for many applications related to health and wellness. Due to the availability of milk products that have been bacterially aged throughout Europe and Asia, awareness of the benefits of “good microbes” has always been strong in those regions’ business sectors. With the rise in diseases like obesity, hypertension, and osteoporosis, customers will often maintain a healthy eating routine with the increased use of sustained food sources, beverages, and dietary supplements.
Key Players
The “Global Probiotics Food And Cosmetics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Arla Foods, Inc., BioGaia AB, Chr. Hansen Holding A/S, Danone, Danisco A/S, General Mills Inc., i-Health Inc., Lallemand Inc., Lifeway Foods, Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., Kerry Nestle S.A., Probi, Yakult Honsha Co., Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with 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.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Arla Foods, Inc., BioGaia AB, Chr. Hansen Holding A/S, Danone, Danisco A/S, General Mills Inc.,i-Health Inc., Lallemand Inc., Lifeway Foods, Inc. |
SEGMENTS COVERED | By Product Type, By Distribution Channel, By Ingredients, and By Geography. |
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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