Global Probiotic Strains Market Growth 2023-2029

Global Probiotic Strains Market Growth 2023-2029

Probiotics are live microbial bacteria which are used in supplementing human and animal diets as they strengthen immune system and help in quick & efficient digestion. Probiotics also help in increasing resistance against pathogens, microbes, and bacteria by aiding the production of digestive enzymes and triggering the production of healthy gut bacteria.

LPI (LP Information)' newest research report, the “Probiotic Strains Industry Forecast” looks at past sales and reviews total world Probiotic Strains sales in 2022, providing a comprehensive analysis by region and market sector of projected Probiotic Strains sales for 2023 through 2029. With Probiotic Strains sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Probiotic Strains industry.

This Insight Report provides a comprehensive analysis of the global Probiotic Strains landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Probiotic Strains portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Probiotic Strains market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Probiotic Strains and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Probiotic Strains.

The global Probiotic Strains market size is projected to grow from US$ 1070.1 million in 2022 to US$ 1678.2 million in 2029; it is expected to grow at a CAGR of 1678.2 from 2023 to 2029.

Europe is the largest market with about 41% market share. Asia-Pacific and North America are follower, accounting for about 49% market share.

The key players are DuPont, Chr. Hansen, Lallemand, BioGaia, Probi, Cerbios - Pharma, Morinaga Milk Industry, Protexin, Blis Technologies, Cultech, Bifodan, Probiotical, Kerry Group, PrecisionBiotics, Unique Biotech, Biosearch Life, Synbiotech, Wecare-Bio etc. Top 5 companies occupied about 50% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Probiotic Strains market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Lactobacillus
Bifidobacterium
Others

Segmentation by application
Functional Food and Beverage
Dietary Supplements
Animal Feed
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DuPont
Chr. Hansen
Lallemand
BioGaia
Probi
Cerbios - Pharma
Morinaga Milk Industry
Protexin
Blis Technologies
Cultech
Bifodan
Probiotical
Kerry Group
PrecisionBiotics
Unique Biotech
Biosearch Life
Synbiotech
Wecare-Bio

Key Questions Addressed in this Report

What is the 10-year outlook for the global Probiotic Strains market?

What factors are driving Probiotic Strains market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Probiotic Strains market opportunities vary by end market size?

How does Probiotic Strains break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.