Global Probiotics Market Overview And Prospects – Includes Probiotics Market Research
Learn about the global probiotics market through The Business Research Company, which provides information on probiotics market size, probiotics market drivers and restraints, probiotics market players, the COVID-19 impact on the probiotics market, and more.
The global probiotics market size is expected to grow from $60.89 billion in 2021 to $66.67 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global probiotic market size is expected to grow to $90.43 billion in 2026 at a CAGR of 7.9%.
The increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements is expected to foster the probiotics market growth going forward.
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The probiotics market consists of sales of probiotic products by entities (organizations, sole traders, and partnerships) that are used to provide health benefits when consumed or administered in an adequate amount to the host body. Probiotics are live microorganisms that help to treat or prevent a disease when given in sufficient concentrations. These are available in many different forms, each with its own set of advantages. The most widely studied benefits of probiotics are promoting a healthy digestive tract and immune system.
Global Probiotics Market Segments Include:
By Form: Liquid, Dry
By Ingredient: Bacteria, Yeast
By Application: Food and Beverages, Dietary Supplements, Animal Feed
By End-User: Human, Animal
By Distribution Channel: Hypermarkets or Supermarkets, Pharmacies or Health Stores, Convenience Stores, Online Retail, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the probiotics market in 2021.
Technological advancements have a key trend gaining popularity in the probiotic market. Major companies operating in the probiotics sector are focused on developing new technological solutions to improve the quality and life cycle of probiotic products.
Major Market Players: Danone, Yakult Honsha Co. Ltd., Nestlé, Danisco, Chr Hansen Holding A/S, Probi AB, BioGaia, Kerry, Lifeway Foods, Lallemand Inc., PepsiCo Inc., Arla Foods Inc., Deerland Probiotics & Enzymes Inc., Evolve BioSystems, Protexin, Mother Dairy, General Mills Inc., i-Health Inc., Archer Daniels Midland Co., Cell Biotech Co. Ltd., Probiotical S.p.A., and Bright Diary.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Probiotics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides probiotics market overviews, analyzes and forecasts market size, share, probiotics market players, probiotics market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s probiotics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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