North America Probiotics Market Forecast 2022-2030
KEY FINDINGS
The North America probiotics market is projected to record an 8.58% CAGR during the forecasted period between 2022 and 2030. The population is predisposed to various allergies, such as peanut allergies, lactose intolerance, etc., leading to a rise in the consumption of probiotics and boosting the market growth.
MARKET INSIGHTS
The North America probiotics market growth assessment encompasses the analysis of Canada and United States. According to the 2019 census, documented in the Journal of the Canadian Association of Gastroenterology, around 44% of the Canadian population is lactose intolerant. Therefore, dairy-free probiotics and probiotic products with gut health benefits are likely to be consumed in this country. The country’s aging population and young adults consume probiotics which will further boost the market.
Along with humans, Health Canada has also laid down regulations to prevent using antibiotics in their livestock, which is now being replaced by probiotics for animal health. Many manufacturers in the country are developing products and focusing product portfolios in line with consumer needs. This trend among the manufacturers is expected to pave the way for more research, development and innovation in probiotics leading to its growth in Canada.
COMPETITIVE INSIGHTS
Some key market players include Pillars Yogurt LLC, Plant Veda Foods, Lallemand, Jarrow’s Formula, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Use Of Preventive Healthcare Among Consumers
- 3.1.2. Novel Formulation And Product Delivery Of Probiotics
- 3.1.3. Rising Threat Of Antibiotic Resistance
- 3.2. Key Restraints
- 3.2.1. Labelling And Regulatory Constraints
- 3.2.2. Product Viability During Transport And Storage
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Probiotics Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key-buying Criteria
- 4.7.1. Regulatory Certifications
- 4.7.2. Brand Name
- 4.7.3. Intended End-use
- 4.7.4. Availability
- 4.8. Regulatory Framework
- 5. Market By Source
- 5.1. Plant-based Products
- 5.2. Animal-based Products
- 6. Market By Strain
- 6.1. Bacteria
- 6.1.1. Lactobacillus Spp
- 6.1.2. Bifidobacterium Spp
- 6.1.3. Other Bacteria
- 6.2. Yeast
- 7. Market By Application
- 7.1. Probiotic Foods
- 7.1.1. Yogurt
- 7.1.2. Bakery / Breakfast Cereals
- 7.1.3. Infant Formula
- 7.1.4. Confectionery
- 7.1.5. Other Probiotic Foods
- 7.2. Probiotic Drinks
- 7.2.1. Fruit-based Probiotic Drinks
- 7.2.2. Diary-based Probiotic Drinks
- 7.2.3. Other Probiotic Drinks
- 7.3. Dietary Supplements
- 7.3.1. Capsules
- 7.3.2. Powders
- 7.3.3. Chewables & Gummies
- 7.3.4. Other Dietary Supplements
- 7.4. Cosmetics
- 7.5. Veterinary Health
- 8. Market By Distribution Channel
- 8.1. Offline Channels
- 8.1.1. Supermarkets
- 8.1.2. Pharmacies
- 8.1.3. Convenience Stores
- 8.1.4. Other Offline Channels
- 8.2. Online Channels
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. Key Growth Enablers
- 9.1.3. Key Challenges
- 9.1.4. Key Players
- 9.1.5. Country Analysis
- 9.1.5.1. United States
- 9.1.5.2. Canada
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches & Developments
- 10.1.3. Partnerships & Agreements
- 10.2. Company Profiles
- 10.2.1. Biogaia Ab
- 10.2.2. Chr Hansen Holding A/S
- 10.2.3. Church & Dwight Co Inc
- 10.2.4. Danone Sa
- 10.2.5. General Mills Inc
- 10.2.6. I-health Inc
- 10.2.7. Jarrow Formulas Inc
- 10.2.8. Kerry Group Plc
- 10.2.9. Kevita Inc
- 10.2.10. Lifeway Foods Inc
- 10.2.11. Nestle Inc
- 10.2.12. Pharmacare Laboratories Pty Ltd
- 10.2.13. Probi Ab
- 10.2.14. The Clorox Company
- 10.2.15. Yakult Honsha Co Ltd
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