Global Probiotics Market - 2023-2030

Global Probiotics Market - 2023-2030

Global Probiotics Market reached US$ 62.4 billion in 2022 and is expected to reach US$ 108.0 billion by 2030 and is expected to grow with a CAGR of 7.1% during the forecast period 2023-2030. With modernity and the growing tendency towards a healthy society, people are worried about diet, nutrition, and food safety for an enhanced quality of life. Probiotic-based foods and beverages are considered one of the future foods.

The probiotics market has witnessed substantial growth in recent years, driven by increasing consumer awareness of the health benefits associated with probiotic products. Key factors contributing to the market's expansion include the growing demand for digestive health solutions, advancements in probiotic research, and the availability of a wide range of probiotic supplements, functional foods, and beverages.

The increasing consumer awareness of the importance of digestive health has become a significant driver in the probiotic market. Persistent diarrhea (lasting more than 14 days) is an important issue in undernourished children or other children at risk. Cochrane meta-analysis of 4 trials found a decrease in the duration of diarrhea (mean difference, 4.02 days; 95% CI, 4.61 to 3.43) and a decrease in stool frequency.

Market Dynamics
Synbiotic Foods are Driving the Probiotics Market Growth
Synbiotic foods are foods that contain probiotics and prebiotics and improve host fitness by enhancing the viability and implantation of beneficial bacterial microflora. the worldwide demand for synbiotic food has grown exceedingly, and consequently, the addition of prebiotics including oligosaccharides, lactic acid microorganisms, bifidobacterium, lactobacillus, saccharomyces, inulin, and pyrodextrins to diverse food resources has additionally expanded.

Regular intake of synbiotic yogurt (that's enriched with bifidobacteria and Lb. rhamnosus GG) boosted the gut fitness of healthy adults and the aging population suffering from constipation. further, synbiotic yogurt containing probiotic microorganisms is able to substantially reduce the period of fever and increase kids’ physical and mental activity.

Lactobacillus Supplementation Drives Robust Growth in the Probiotic Market
the recognition of the essential function of lactobacilli in preserving a healthful vaginal environment has driven the growth of the probiotic market size. factors which include the use of douches, antibiotics, more than one sexual companion, and the advent of pathogens can disrupt natural stability, leading to conditions like bacterial vaginosis, urinary tract infections, and candidiasis.

As a result, supplementing the urogenital tract with probiotic strains of Lactobacillus through vaginal ovules or suppositories emerged as a rationale 48 years ago to restore a healthy state. The demand for these probiotic products has contributed to the growth of the probiotic market share and probiotics market size.

Probiotic Safety Concerns Prompt Restraint in Market Amid Rare Invasive Infection Cases
Rare instances of invasive infections have been associated with probiotic administration, where the beneficial bacteria translocate from the gut and cause sepsis, bacteremia, or fungemia. A systematic review focusing on children from 1995 to 2021 identified 49 cases of invasive infections, with sepsis being the most prevalent. The majority of affected children were under two years old and had underlying factors like prematurity or the presence of intravenous catheters.

Fortunately, 94% of the cases were successfully treated using antimicrobial therapy. even though those occurrences are rare, they emphasize the importance of careful and informed use of probiotics and may make a contribution to some extent of restraint inside the probiotics market due to worries over safety and potential negative outcomes.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global probiotics market has been segmented by ingredients, application, distribution channel, and region.
Diverse Distribution Channels Drive Probiotics Market Expansion
The distribution channels play a crucial role in the probiotics market, determining the accessibility and availability of these products to consumers. The probiotics market size presents ample opportunities for expansion and diversification through various distribution channels. The global probiotics market is segmented into online stores, hypermarkets and supermarkets, drug stores, and others.

The online store segment dominates the market because of the changing customer purchasing behavior, vast selection of items, the simplicity of online shopping, the option to choose the quantity and delivery time that works best for them, and discount offers. A considerable rise in the number of pharmacies, fitness centers, and other related distribution channels has impacted the industry favorably over the years.

Geographical Analysis
Asia Pacific Emerges as a Growing Force in the Probiotics Market, with Rapid Market Growth and Innovation
By region, the global probiotics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.

The Asia-Pacific region is estimated to be the fastest-growing market for probiotics products due to the sustained popularity of probiotic products. It also has a huge share in the probiotics market. The presence of leading probiotic players in the market such as Yakult Honsha Co., Ltd. (Japan) and Morinaga Milk Industry Co., Ltd. (Japan), is catering to the wide demand in the market.

Asia leading the world with continuous new probiotic product launches, on march 03, 2021, probiotic supplements are a high-growth segment in China. Probi, a Swedish probiotic supplier, and Sinopharm, one of China’s largest pharmaceutical and healthcare companies, have entered a partnership to offer probiotic supplements to the Chinese marketplace.
Competitive Landscape
The major global players in the market include Koninklijke DSM N.V., Evolve BioSystems, Inc., Nature's Bounty Co., Lifeway Foods, Inc., Danone S.A, Yakult Honsha Co., Ltd., BioGaia AB, CHR. Hansen Holding A/S, Lallemand Inc., and The Procter & Gamble Company.

Why Purchase the Report?
• To visualize the global probiotics market segmentation based on ingredient, application, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of probiotics market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.
The global probiotics market report would provide approximately 61 tables, 58 figures, and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies