Global Probiotics Market Size, Trends, & Growth Opportunity by Product (Food & Beverages, Dietary Supplements), By Ingredient (Bacteria, Yeast), By End Use (Human Probiotics, Animal Probiotics), By Distribution Channel (Hypermarkets, Pharmacies, Specialty Stores, Online Stores), Region, and Forecast till 2027
Report ID : IR100268 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 254
Global Probiotics Market Size, Trends, & Growth Opportunity by Product (Food & Beverages, Dietary Supplements), By Ingredient (Bacteria, Yeast), By End Use (Human Probiotics, Animal Probiotics), By Distribution Channel (Hypermarkets, Pharmacies, Specialty Stores, Online Stores), Region, and Forecast till 2027
Global Probiotics Market
The global probiotic market was valued at USD 60280 million in 2021 and is anticipated to reach USD 94480 million by 2027 at a CAGR of 6.17%.
Probiotics are referred as the live bacteria and yeasts that are similar to beneficial microorganisms found in the human gut and are taken as dietary supplements. The rise in awareness regarding preventive healthcare is anticipated to benefit the overall global probiotics market's growth.
Market Drivers
The increase in demand for probiotics in various industries is expected to boost the global probiotics market's growth during this forecast period. Furthermore, the rise in investments in research and development activities to develop efficient probiotic strains will positively influence market growth. Also, the increase in demand for probiotic dietary supplements by consumers is expected to drive the global probiotic market growth over the forecast period. Moreover, the rise in consumer awareness about value-added products will drive market growth during this forecast timeline. In addition to that, continuous technological advancements will support market growth.
Market Restraints
Stringent international quality standards and regulations for probiotic products are expected to hamper the global probiotics market's growth. Also, high research and development costs for developing new probiotic strains will limit the global probiotic market's growth.
Market Segmentation
The Global Probiotics Market is segmented into product categories such as food and beverages, dietary supplements, ingredients such as bacteria and yeast, and end uses such as human probiotics, and animal probiotics. Further, the market is segmented into distribution channels such as hypermarkets, pharmacies, specialty stores, and online stores. Also, the global probiotics market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Market Key Players
Some key players are discussed in this report, such as Chr. Hansen, Danone, Yakult Honsha, Morinaga Milk Industry Co., Ltd., DowDuPont, Kerry, Probi AB, Nestle, Biogaia, and Glac Biotech.
Industry development
In September 2022, BioGaia, a biotechnology company, announced a collaboration with Skinome on the research and development of a product with live bacteria that can improve skin health in a natural way by supporting the skin microbiome.
In August 2022, BioGaia, a biotechnology company, developed probiotic products and expanded its product portfolio with new bacterial strains developed together with its wholly-owned subsidiary, MetaboGen (a research and development company).
In July 2022, BioGaia, a biotechnology company, launched a probiotic product to support children’s respiratory health, which aims to strengthen the immune system and support children’s upper respiratory health.
Market Taxonomy
By Product
• Food & Beverages
• Dietary Supplements
By Ingredients
• Bacteria
• Yeast
By End Use
• Human probiotics
• Animal Probiotics
By Distribution Channel
• Hypermarkets
• Pharmacies
• Specialty Stores
• Online Stores
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Probiotics Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Probiotics Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Probiotics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Probiotics Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Probiotics Market Share Analysis, By Product
5.3 Global Probiotics Market Size and Forecast, By Product
5.3.1 Food & Beverages
5.3.2 Dietary Supplements
6 Global Probiotics Market, By Ingredient
6.1 Y-o-Y Growth Comparison, By Ingredient
6.2 Global Probiotics Market Share Analysis, By Ingredient
6.3 Global Probiotics Market Size and Forecast, By Ingredient
6.3.1 Bacteria
6.3.2 Yeast
7 Global Probiotics Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Global Probiotics Market Share Analysis, By End Use
7.3 Global Probiotics Market Size and Forecast, By End Use
7.3.1 Human probiotics
7.3.2 Animal Probiotics
8 Global Probiotics Market, By Distribution Channel
8.1 Y-o-Y Growth Comparison, By Distribution Channel
8.2 Global Probiotics Market Share Analysis, By Distribution Channel
8.3 Global Probiotics Market Size and Forecast, By Distribution Channel
8.3.1 Hypermarkets
8.3.2 Pharmacies
8.3.3 Specialty Stores
8.3.4 Online Stores
9 Global Probiotics Market, By Region
9.1 Global Probiotics Market Share Analysis, By Region
9.2 Global Probiotics Market Share Analysis, By Region
9.3 Global Probiotics Market Size and Forecast, By Region
10 North America Probiotics Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Probiotics Product Market Share Analysis, By Product
10.3 North America Probiotics Product Market Size and Forecast, By Ingredient
10.4 North America Probiotics Product Market Size and Forecast, By End Use
10.5 North America Probiotics Product Market Size and Forecast, By Distribution Channel
10.6 North America Probiotics Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Probiotics Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Probiotics Product Market Share Analysis, By Product
11.3 Europe Probiotics Product Market Size and Forecast, By Ingredient
11.4 Europe Probiotics Product Market Size and Forecast, By End Use
11.5 Europe Probiotics Product Market Size and Forecast, By Distribution Channel
11.6 Europe Probiotics Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12 Asia Pacific Probiotics Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Probiotics Product Market Share Analysis, By Product
12.3 Asia Pacific Probiotics Product Market Size and Forecast, By Ingredient
12.4 Asia Pacific Probiotics Product Market Size and Forecast, By End Use
12.5 Asia Pacific Probiotics Product Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Probiotics Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Probiotics Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Probiotics Product Market Share Analysis, By Product
13.3 Latin America Probiotics Product Market Size and Forecast, By Ingredient
13.4 Latin America Probiotics Product Market Size and Forecast, By End Use
13.5 Latin America Probiotics Product Market Size and Forecast, By Distribution Channel
13.6 Latin America Probiotics Product Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Probiotics Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Probiotics Product Market Share Analysis, By Product
14.3 Middle East Probiotics Product Market Size and Forecast, By Ingredient
14.4 Middle East Probiotics Product Market Size and Forecast, By End Use
14.5 Middle East Probiotics Product Market Size and Forecast, By Distribution Channel
14.6 Middle East Probiotics Product Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Chr. Hansen
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Danone
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Yakult Honsha
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 DowDuPont
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Kerry
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Probi AB
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Nestle
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Biogaia
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Morinaga Milk Industry Co., Ltd.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Glac Biotech
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies