Global Probiotics Market 2022-2028
Probiotics are live microorganisms that are intended to have health benefits when consumed or applied to the body. They are considered generally safe to consume, but may cause bacteria-host interactions and unwanted side effects in rare cases. Processed probiotics are also widely used in beauty products to target the skin microbiome. The global probiotics market size is projected to grow by USD 31 billion from 2022 to 2028, registering a CAGR of 7.1 percent, according to a new report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global probiotics market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the probiotics industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the ingredient, function, application, sales channel, end use, and region. The global market for probiotics can be segmented by ingredient: lactobacillus, bifidobacterium, streptococcus, bacillus, others. According to the research, the lactobacillus segment had the largest share in the global probiotics market. Probiotics market is further segmented by function: regular, therapy. In 2021, the regular segment made up the largest share of revenue generated by the probiotics market. Based on application, the probiotics market is segmented into: food and beverage, dietary supplements, animal feed. On the basis of sales channel, the probiotics market also can be divided into: hypermarkets and supermarkets, pharmacies and drug stores, online channels, specialty stores, others. The hypermarkets and supermarkets segment captured the largest share of the market in 2021. Probiotics market by end use is categorized into: human probiotics, animal probiotics. The probiotics market by region can be segmented into: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America.
By ingredient:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook