Probiotics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Probiotics Market
The probiotics market size was valued at USD 48.88 billion in 2019, and the market is now projected to grow from USD 48.88 billion in 2019 to USD 94.48 billion by 2027, exhibiting a CAGR of 7.9% during the forecast period of 2019-2027.
The international market is going through challenges due to the structural and economic impact of the pandemic, but demand for healthy and immune-supporting products is expected to rise Consumers are aware of food additives ho and products that are highly effective, providing health benefits such as fitness-enhancing exercise and immune system enhancement. Manufacturers and retailers reported increased demand, and Probi, the global leader in probiotics, reported revenue growth in April 2020 - as expected.
Probiotics offer numerous fitness blessings, which include digestion aid, immunity raise, intestine fitness renovation, weight control, and obesity prevention. The developing attention of those blessings and the developing trend of veganism are using the marketplace for plant-based products. This trend is attracting clients closer to a plant-based diet, main to the release of plant-based probiotics by using various niches and market players.
Probiotic micro-organism fortified meals are gaining popularity among purchasers in search of natural answers for various fitness problems. These products can act as a substitute for pharmaceuticals, treating gastrointestinal situations and gut fitness. The growing evidence of fitness benefits and the popularity of probiotic strains as a value-powerful, secure, and natural opportunity to pharmacological solutions is expected to definitely effect probiotics market growth.
Comprehensive Analysis of Probiotics Market
In 2019, lactobacillus held the largest share in the global probiotics market due to its inhibitory potential, extending shelf-life and enhancing food hygiene. Its potential to reduce intestinal diseases is expected to boost product demand. Saccharomyces boulardii, a yeast widely used for probiotic beverages Expected to grow at the highest CAGR in the global market. Helps control the intestines and protects against harmful germs. Strengthen the function of the immune system Growing awareness of healthy food and beverages is driving product sales. Consumer awareness of the benefits of a balanced diet and disease risks has driven the demand for nutritional supplements. Supermarkets and hypermarkets will remain major distributors of probiotics due to cashback and easy availability. Online shopping may also positively impact product sales through online channels.
The North America region lead the probiotics market share by benefitting a market size of USD 8.30 billion in 2019 due to China and Japan dominate over half of nearby income, and the demand for probiotic merchandise, especially in Japan and Central and Southeast Asia, is anticipated to remain sturdy. Japan-based totally Yakult Honsha sells 9,540 bottles every day, indicating the developing popularity of fermented beverages within the location.
The probiotics market is dominated by Danone S.A., Lalemand Inc., Yakult Honsha, Nestlé S.A., DuPont, Chr. Hansen, Carey Inc., Post Holdings, Inc., Pepsico; Increased consumer awareness of these products and their health benefits is expected to increase demand, leading market players to diversify their product range and distribution to expand their reach and what in the application of the.
Chr. Hansen Inc. launched online probiotic program in the United States in April 2020 with the goal of educating consumers and health professionals about the benefits of probiotics.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
By Microbial GenusLactobacillus
Bifiodobacterium
Yeast
By ApplicationFunctional Food and Beverage
Dietary Supplement
Animal Feed
By Distribution ChannelSupermarkets/Hypermarkets
Pharmacies/Health Stores
Convenience Stores
Online Retail
Others
By GeographyNorth America (USA, Mexico, and Canada)
Europe (UK, Germany, France, Italy, Spain, Belgium, Russia, and Rest of Europe)
Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
South America (Brazil, Argentina, and Rest of South America)
Middle East & Africa (South Africa, UAE, and Rest of the Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent Market
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis (in relation to COVID-19)
- 4.6. 4.5.1 Impact of COVID-19
- 4.7. 4.5.2 Supply Chain Challenges
- 4.8. 4.5.3 Potential Opportunities due to COVID-19
- 5. Global Probiotics Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Microbial Genus (Value)
- 5.2.1.1. Lactobacillus
- 5.2.1.2. Bifidobacterium
- 5.2.1.3. Yeast
- 5.2.2. By Application (Value)
- 5.2.2.1. Functional Foods & Beverages
- 5.2.2.2. Dietary Supplements
- 5.2.2.3. Animal Feed
- 5.2.3. By Distribution Channel (Value)
- 5.2.3.1. Supermarkets/Hypermarkets
- 5.2.3.2. Pharmacies/Health Stores
- 5.2.3.3. Convenience Stores
- 5.2.3.4. Online Retails
- 5.2.3.5. Others
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Probiotics Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Microbial Genus (Value)
- 6.2.1.1. Lactobacillus
- 6.2.1.2. Bifidobacterium
- 6.2.1.3. Yeast
- 6.2.2. By Application (Value)
- 6.2.2.1. Functional Foods & Beverages
- 6.2.2.2. Dietary Supplements
- 6.2.2.3. Animal Feed
- 6.2.3. By Distribution Channel (Value)
- 6.2.3.1. Supermarkets/Hypermarkets
- 6.2.3.2. Pharmacies/Health Stores
- 6.2.3.3. Convenience Stores
- 6.2.3.4. Online Retails
- 6.2.3.5. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.2. Canada
- 6.2.4.3. Mexico
- 7. Europe Probiotics Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Microbial Genus (Value)
- 7.2.1.1. Lactobacillus
- 7.2.1.2. Bifidobacterium
- 7.2.1.3. Yeast
- 7.2.2. By Application (Value)
- 7.2.2.1. Functional Foods & Beverages
- 7.2.2.2. Dietary Supplements
- 7.2.2.3. Animal Feed
- 7.2.3. By Distribution Channel (Value)
- 7.2.3.1. Supermarkets/Hypermarkets
- 7.2.3.2. Pharmacies/Health Stores
- 7.2.3.3. Convenience Stores
- 7.2.3.4. Online Retails
- 7.2.3.5. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. UK
- 7.2.4.2. Germany
- 7.2.4.3. France
- 7.2.4.4. Italy
- 7.2.4.5. Spain
- 7.2.4.6. Belgium
- 7.2.4.7. Russia
- 7.2.4.8. Rest of Europe
- 8. Asia-Pacific Probiotics Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Microbial Genus (Value)
- 8.2.1.1. Lactobacillus
- 8.2.1.2. Bifidobacterium
- 8.2.1.3. Yeast
- 8.2.2. By Application (Value)
- 8.2.2.1. Functional Foods & Beverages
- 8.2.2.2. Dietary Supplements
- 8.2.2.3. Animal Feed
- 8.2.3. By Distribution Channel (Value)
- 8.2.3.1. Supermarkets/Hypermarkets
- 8.2.3.2. Pharmacies/Health Stores
- 8.2.3.3. Convenience Stores
- 8.2.3.4. Online Retails
- 8.2.3.5. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. Australia
- 8.2.4.5. Rest of Asia-Pacific
- 9. South America Probiotics Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Microbial Genus (Value)
- 9.2.1.1. Lactobacillus
- 9.2.1.2. Bifidobacterium
- 9.2.1.3. Yeast
- 9.2.2. By Application (Value)
- 9.2.2.1. Functional Foods & Beverages
- 9.2.2.2. Dietary Supplements
- 9.2.2.3. Animal Feed
- 9.2.3. By Distribution Channel (Value)
- 9.2.3.1. Supermarkets/Hypermarkets
- 9.2.3.2. Pharmacies/Health Stores
- 9.2.3.3. Convenience Stores
- 9.2.3.4. Online Retails
- 9.2.3.5. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.2. Argentina
- 9.2.4.3. Rest of South America
- 10. Middle East & Africa Probiotics Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Microbial Genus (Value)
- 10.2.1.1. Lactobacillus
- 10.2.1.2. Bifidobacterium
- 10.2.1.3. Yeast
- 10.2.2. By Application (Value)
- 10.2.2.1. Functional Foods & Beverages
- 10.2.2.2. Dietary Supplements
- 10.2.2.3. Animal Feed
- 10.2.3. By Distribution Channel (Value)
- 10.2.3.1. Supermarkets/Hypermarkets
- 10.2.3.2. Pharmacies/Health Stores
- 10.2.3.3. Convenience Stores
- 10.2.3.4. Online Retails
- 10.2.3.5. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.2. UAE
- 10.2.4.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Probiotics Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2019
- 12. Company Profiles
- 12.1. Danone SA
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Lallemand Inc.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Yakult Honsha
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Nestle S.A.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. DuPont
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Chr Hansen
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Kerry Inc.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Post Holdings Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Pepsico Inc.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Evolve Biosystems Inc.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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