Global Probiotics Market - Focused insights 2024-2029

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THE GLOBAL PROBIOTICS MARKET IS EXPECTED TO REACH USD 115.07 BILLION BY 2029 FROM USD 70.95 BILLION IN 2023, GROWING AT A CAGR OF 8.39% DURING THE FORECAST PERIOD.

The Probiotics Market Size, Share, & Trends Analysis Report by

  1. Product: Functional Food & Beverages and Dietary Supplements
  2. Ingredients: Bacteria and Yeast
  3. Age Group: Adults and Pediatrics
  4. Distribution Channels: Supermarkets & Hypermarkets, Departmental Stores, Drug Stores, and Online Stores
  5. Application: Digestive Health, Immune Health, Metabolic Health, and Others
  6. Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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PROBIOTICS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 115.07 Billion
Market Size (2023)USD 70.95 Billion
CAGR (2023-2029)8.39%
Historic Year2020-2023
BASE YEAR2023
Forecast Year2024-2029
Segments ByProduct, Ingredients, Age Group, Distribution Channels, Application, and Geography
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY VENDORSNestle, Probi, Danone A/S, Chr.Hansen Holdings Inc, Yakult Honsha Co., Ltd., and Arla Foods
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INDUSTRY OVERVIEW

The global probiotics market was valued at USD 70.95 billion in 2023 and is expected to reach USD 115.07 billion by 2029, growing at a CAGR of 8.39%. The growing awareness about the health benefits of probiotics, such as improved gut health and overall digestive function, and increased consumption of functional dairy products is anticipated to boost the growth of the global market. The increasing prevalence of lifestyle diseases drives the demand for probiotics as part of a holistic approach to health maintenance. The rising prevalence of digestive disorders such as gastroesophageal reflux disease, lactose intolerance, and hiatal hernia, combined with the growing number of women suffering from obesity, diabetes, vaginal infections, and other issues, is creating a favorable industry across the world. Also, constantly developing and launching innovative products is essential for vendors operating in this highly competitive probiotics market to achieve healthy sales growth and increase market share.

MARKET TRENDS & DRIVERS

Rapid Growth of E-Commerce

Consumers can purchase probiotics at retail stores, company websites, and e-commerce platforms such as Amazon, Carrefour, E. Leclerc, etc. The major probiotics market players focus on selling probiotics on e-commerce platforms. Moreover, due to the increasing use of social media platforms and advances in advertising tools such as Google Ads, Facebook ads, and others, the e-commerce business is increasing. Thus, e-commerce gives necessary exposure to businesses and easy reach to customers.

Increase in Acceptance of Probiotic-based Dietary Supplements

Nowadays, people are following diet patterns due to rising diseases and increasing awareness about maintaining overall health. In dietary patterns, people prefer to eat healthy food and beverages. The dietary pattern is much more helpful than eating individual nutrition or food. Probiotics are used in the diet to improve gut health and maintain overall health. A balanced diet gives more benefits in which vitamins, nutrients, and minerals help to keep the mind and body healthy and strong. Probiotics help to maintain body weight and decrease obesity. As the various diseases are increasing due to unhealthy habits and rising infectious diseases, there is a need to maintain immune health.

High Consumption of Dairy-based Products

Increasing knowledge about functional food leads to the demand for healthy food with adequate nutrition. In the last few decades, the interest in buying functional foods that contain probiotics has increased. Products that contain probiotics have various health benefits for humans and animals. Thus, companies in the probiotics industry focus on developing new applications and a new generation of probiotics in functional foods. Dairy-based drinks of probiotics are consumed in larger quantities than other probiotic beverages. In dairy-based probiotics, L. rhamnosus GG bacteria are used widely across Europe. L. rhamnosus GG is the most suitable bacteria that can be used in many industrial applications.

WHY THIS REPORT?

This report provides

  1. A thorough insight into the structure and size of each industry segment.
  2. An Analysis of several micro-market indicators considering growth factors, industry prospects, and strategic contribution to the industry.
  3. Overviews of top manufacturers/marketed products, pipeline analysis, clinical trial analysis, competitive landscape, vendor profiles, mergers & acquisitions.
  4. Provide strategic planning, such as comprehensively understanding consumer behavior, competitors, new product development, geographic market expansion, and merger & acquisition pipelines.
  5. Insights to formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing various competitors' performance.
  6. Identifies emerging players with potentially strong product portfolios and creates effective counter strategies to gain a competitive advantage.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT

The global probiotics market by product is segmented into functional food & beverages and dietary supplements. The functional food & beverages product segment held the most significant global industry share in 2023. Functional food and beverages-based product type is sub-segmented into dairy-based probiotics and non-dairy-based probiotics. Dairy-based probiotics include milk-based, yogurt-based, cheese-based, and others. Non-dairy-based probiotics include vegetable-based probiotics, fruit-based probiotics, cereal-based probiotics, and meat-based probiotics. Furthermore, probiotics in functional foods have provided several benefits to human health. Thus, companies have started offering different types of functional foods with probiotics. The overall consumption of dietary supplements such as vitamins, minerals, supplements, and others is increasing. Consumers prefer dietary supplements for improving overall health. Functional food and beverages and dietary supplements are the major product types of probiotics.

INSIGHTS BY INGREDIENTS

The bacteria ingredients segment dominated the global probiotics market in 2023. Lactobacillus bacteria are the most common bacteria used for making probiotics. They are available in yogurt and other fermented foods. They help with diarrhea, skin disorders, vaginal infections, and other diseases. They form a biofilm in the gut microbiota. They protect the gut by maintaining the number of good bacteria.

INSIGHTS BY AGE GROUP

The adult age group segment was the major revenue contributor to the global probiotics market in 2023. The rise in the prevalence of chronic diseases such as diabetes, obesity, lactose intolerance, allergy, and others is the major factor contributing to the industry growth during the forecast period. Due to various diseases, infections, and digestion-related issues can disturb gut health in young adults. Many chronic diseases such as diabetes, high blood pressure, allergic diseases, and other diseases disturb gut health in middle-aged and older generic adults. Doctors prescribe them to improve gut health for adults. Also, due to changing habits and unhealthy lifestyles, many harmful chemicals are consumed by people from food and beverages, which affect overall gut health. Thus, probiotics help to improve gut health by increasing good bacteria.

INSIGHTS BY DISTRIBUTION CHANNELS

The global probiotics market by distribution channels is segmented into supermarkets & hypermarkets, departmental stores, drug stores, and online stores. The supermarkets & hypermarkets segment was the major revenue contributor, with a share of over 61% in 2023. The expansion of supermarkets and hypermarkets is the primary reason for the increase in the demand for probiotics in the global market. Furthermore, due to intense competition, supermarkets and hypermarkets offer discounted products. Such stores are always trying to attract customers' attention. As customers get probiotic products at such stores at discounted prices, the demand for probiotic-based products is increasing in supermarkets and hypermarkets.

INSIGHTS BY APPLICATION

The global probiotics market by application is segmented into digestive health, immune health, metabolic health, and others. The digestive health segment accounted for the largest global industry share in 2023 and is anticipated to retain its industry dominance during the forecast period. Probiotics such as lactobacillus, Bifidobacterium, and saccharomyces boulardii are widely used for maintaining digestive health. These probiotics help ease the symptoms of digestive diseases and other related conditions. Opportunities for probiotic-fortified food and beverages with digestive health benefits are driven by increased interest in key consumer groups, including an expanding population aged 60 and older and families with children.

GEOGRAPHICAL ANALYSIS

North America dominated the global probiotics market share, accounting for over 36% in 2023. Due to increasing health consciousness and awareness among people, the consumption of probiotics is increasing in North America. Demand for digestive-related products in North America is growing, and food and beverage producers are responding by aggressively launching products that offer positive digestive health benefits. Further, the players are adopting new strategies such as mergers, acquisitions, partnerships, and collaborations with key vendors to expand their distribution network, which is expected to drive regional industry growth during the forecast. For instance, in 2021, BioGaia launched Immune Boast in collaboration with Everidis in North America. Immune Boost comprises drops for small children, tablets for children, and adult capsules.

The European probiotics market is growing at a healthy rate and is expected to grow at a similar pace during the forecast period. The significant share of the region in the probiotics industry is mainly due to increasing health consciousness and awareness among people, and the consumption of probiotics is increasing in Europe. Also, in many countries, such as Germany, France, and the UK, cancer is one of the significant causes of death. As probiotics are used as an adjuvant in cancer therapy and treatment for allergy-related diseases, the demand for probiotics is increasing in those countries.

COMPETITIVE LANDSCAPE

The global probiotics market is highly competitive. With the growing health consciousness and awareness, various small and mid-sized companies are entering the industry to expand their presence in this ever-increasing market. The emphasis on developing and discovering innovative products has helped garner a high customer base for key players. The competition in the global industry is intense, with several global players offering diverse products. Some companies dominating the probiotics industry include Nestle, Probi, Danone, Chr.Hansen, Yakult Honsha Co., Ltd and others. The major players focus on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the probiotics industry and access commercially launched products. For instance, in 2022, Nestle launched a product in infant microbiome under the brand name WYETH S-26 ULTIMA in collaboration with Pennington Biomedical Research Center.

Frequently Asked Questions

How big is the global probiotics market?

The global probiotics market size was valued at USD 70.95 billion in 2023 and is expected to reach USD 115.07 billion by 2029.

What is the projected growth rate of the global probiotics market?

The global probiotics market is projected to grow at a CAGR of 8.39% during the forecast period.

What are the rising trends in the probiotics industry?

The rising trends in the probiotics industry are the rapid growth of e-commerce, advances in pharmaceutical applications of probiotics, and an increase in the focus of vendors on developing non-dairy-based products.

Which region holds the most significant global probiotics market share?

North America dominated the global probiotics market share, accounting for over 36% in 2023.

Who are the key players in the global probiotics market?

Nestle, Probi, Danone A/S, Chr.Hansen Holdings Inc., Yakult Honsha Co., Ltd., and Arla Foods are the key players in the global probiotics market.

The global probiotics market size is expected to grow at a CAGR of approximately 8.39% from 2023 to 2029.

The following factors are likely to contribute to the growth of the probiotics market during the forecast period:

  1. The Rise in Health Consciousness & Awareness
  2. Increase in Acceptance of Probiotic-based Dietary Supplements
  3. High Consumption of Dairy-based Products

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global probiotics market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  1. Nestle
  2. Business Overview
  3. Product Offerings
  4. Probi
  5. Danone A/S
  6. Chr. Hansen Holdings Inc
  7. Yakult Honsha Co.,Ltd.
  8. Arla Foods

Other Prominent Vendors

  1. International Flavours & Fragrances Inc.
  2. Business Overview
  3. Product Offerings
  4. ADM
  5. General Mills Inc
  6. BioGaia
  7. AB-Biotics
  8. DuPont
  9. Lallemand Inc
  10. Lifeway Foods Inc
  11. Kerry Group plc
  12. Sanzyme Biologics
  13. Mother Dairy Fruit & Vegetable Pvt Ltd (Mother Dairy)
  14. Deerland Probiotics & Enzymes
  15. Sacco System
  16. Cultech
  17. Goerlich Pharma
  18. Winclove Probiotics
  19. China-Biotics Inc.
  20. COSMAX NBT, Inc.
  21. PepsiCo
  22. Morinaga Milk Industry Co., Ltd
  23. AllergoSan USA, LLC
  24. Teva Pharmaceuticals
  25. Novozymes
  26. Wren Laboratories
  27. PanTheryx
  28. DSM-Firmenich
  29. Sanofi

Segmentation by Product

  1. Functional Food & Beverages
  2. Dietary Supplements

Segmentation by Ingredients

  1. Bacteria
  2. Yeast

Segmentation by Age Group

  1. Adults
  2. Pediatrics

Segmentation by Distribution Channels

  1. Supermarkets & Hypermarkets
  2. Departmental Stores
  3. Drug Stores
  4. Online Stores

Segmentation by Application

  1. Digestive Health
  2. Immune Health
  3. Metabolic Health
  4. Others

Segmentation by Geography

  1. North AmericaS.
  2. Canada
  3. EuropeGermany
  4. France
  5. K.
  6. Italy
  7. Spain
  8. APACChina
  9. Japan
  10. India
  11. Latin AmericaBrazil
  12. Mexico
  13. Argentina
  14. Middle East & AfricaTurkey
  15. Saudi Arabia
  16. South Africa

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CHAPTER – 1: Probiotics Market Overview

  1. Executive Summary
  2. Key Findings

CHAPTER – 2: Probiotics Market

  1. GLOBAL: Projected Revenue of Probiotics Market (2023-2029; $Billions)

CHAPTER – 3: Probiotics Market Segmentation Data

  1. GLOBAL: Projected Revenue by Product type (2023-2029; $Billions)
  2. Functional Food & Beverages
  3. Dietary Supplements
  4. GLOBAL: Projected Revenue by Ingredients (2023-2029; $Billions)
  5. Bacteria
  6. Yeast
  7. GLOBAL: Projected Revenue by Age Group (2023-2029; $Billions)
  8. Adults
  9. Pediatrics
  10. GLOBAL: Projected Revenue by Distribution Channel (2023-2029; $Billions)
  11. Supermarkets & Hypermarkets
  12. Departmental Stores
  13. Drug Stores
  14. Online Stores
  15. GLOBAL: Projected Revenue by Application (2023-2029; $Billions)
  16. Digestive Health
  17. Immune Health
  18. Metabolic Health
  19. Others

CHAPTER – 4: Key Regions Overview

  1. North America: Projected Revenue of Probiotics Market (2023-2029; $Billions)
  2. Projected Revenue of Probiotics Market in US
  3. Projected Revenue of Probiotics Market in Canada
  4. Europe: Projected Revenue of Probiotics Market (2023-2029; $Billions)
  5. Projected Revenue of Probiotics Market in Germany
  6. Projected Revenue of Probiotics Market in France
  7. Projected Revenue of Probiotics Market in UK
  8. Projected Revenue of Probiotics Market in Italy
  9. Projected Revenue of Probiotics Market in Spain
  10. APAC: Projected Revenue of Probiotics Market (2023-2029; $Billions)
  11. Projected Revenue of Probiotics Market in China
  12. Projected Revenue of Probiotics Market in Japan
  13. Projected Revenue of Probiotics Market in India
  14. Latin America: Projected Revenue of Probiotics Market (2023-2029; $Billions)
  15. Projected Revenue of Probiotics Market in Brazil
  16. Projected Revenue of Probiotics Market in Mexico
  17. Projected Revenue of Probiotics Market in Argentina
  18. Middle East & Africa: Projected Revenue of Probiotics Market (2023-2029; $Billions)
  19. Projected Revenue of Probiotics Market in Turkey
  20. Projected Revenue of Probiotics Market in Saudi Arabia
  21. Projected Revenue of Probiotics Market in South Africa

CHAPTER – 5: Probiotics Market Prospects & Opportunities

  1. Probiotics Market Opportunities & Trends
  2. Probiotics Market Drivers
  3. Probiotics Market Constraints

CHAPTER – 6: Probiotics Industry Overview

  1. Probiotics Market - Competitive Landscape
  2. Probiotics Market – Key Vendor Profiles
  3. Probiotics Market – Other Prominent Vendors
  4. Probiotics Market - Key Strategic Recommendations

CHAPTER – 7: Appendix

  1. Research Methodology
  2. Abbreviations
  3. About Arizton

 

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Frequently Asked Questions

How big is the global probiotics market?

The global probiotics market size was valued at USD 70.95 billion in 2023 and is expected to reach USD 115.07 billion by 2029.

What is the projected growth rate of the global probiotics market?

The global probiotics market is projected to grow at a CAGR of 8.39% during the forecast period.

What are the rising trends in the probiotics industry?

The rising trends in the probiotics industry are the rapid growth of e-commerce, advances in pharmaceutical applications of probiotics, and an increase in the focus of vendors on developing non-dairy-based products.

Which region holds the most significant global probiotics market share?

North America dominated the global probiotics market share, accounting for over 36% in 2023.

Who are the key players in the global probiotics market?

Nestle, Probi, Danone A/S, Chr.Hansen Holdings Inc., Yakult Honsha Co., Ltd., and Arla Foods are the key players in the global probiotics market.