Overview and Scope
The probiotics are used to provide health benefits when consumed or administered in an adequate amount to the host body. Probiotics are live microorganisms that help treat or prevent 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 that they promote a healthy digestive tract and immune system.
Sizing and Forecast
The probiotics market size has grown strongly in recent years. It will grow from <b>$73.65 billion in 2023 to $80.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. </b> The growth in the historic period can be attributed to rise in prevalence of digestive disorders, shift towards preventive healthcare, rise in cosmetics sector, growth in pharmaceuticals industry, increase in demand for dietary supplements.
The probiotics market size is expected to see rapid growth in the next few years. It will grow to <b>$119.28 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. </b> The growth in the forecast period can be attributed to rising consumer interest in natural and functional foods, expanding aging population, expansion of e-commerce platforms, increasing awareness of the importance of gut health and digestion, increasing disposable incomes. Major trends in the forecast period include personalized probiotics, probiotic beverages, microbiome-based therapies, sustainability and eco-friendly packaging, genetically modified probiotics.
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Segmentation & Regional Insights
The probiotics market covered in this report is segmented –
1) By Form: Liquid, Dry
2) By Ingredient: Bacteria, Yeast
3) By Application: Food and Beverages, Dietary Supplements, Animal Feed
4) By End User: Human, Animal
5) By Distribution Channel: Hypermarkets Or Supermarkets, Pharmacies Or Health Stores, Convenience Stores, Online Retail, Other Distribution Channels
<b>Asia-Pacific</b> was the largest region in the probiotics market in 2023. The regions covered in the probiotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements is expected to foster the probiotics market growth going forward. Self-care has evolved into a necessary component of the modern consumer’s lifestyle. Furthermore, the growing emphasis on holistic health and immunity has resulted in some substantial dietary modifications among consumers. The use of vitamins, minerals, immunity-boosting meals, organic products, supplements, and other nutritional supplements has increased significantly. Probiotics are used as a supplement form in food and beverages and provide health benefits to the human digestive system. For instance, according to a survey conducted by Habit Health and Nutrition, an India-based nutrition tech company in 2021, Indians want to make eating healthy a priority in order to improve their physical and mental health. Over 70% of those surveyed said they’ll prioritize dietary adjustments to improve their overall health and immunity, as well as reduce stress and anxiety. Therefore, the increasing tendency of customers towards healthy foods drives the growth of the probiotics market.
Key Industry Players
Major companies operating in the probiotics market include <b> Probi AB, Nestle SA, Archer-Daniels-Midland Company, Danone SA, Yakult Honsha Co. Ltd., BioGaia AB, Esse Skincare Pty Ltd., L’Oreal SA, Glowbiotics LLC, TULA Skincare, Morinaga Milk Industry Co. Ltd., LaFlore Probiotic Skincare, Eminence Organic Skin Care, Estée Lauder Companies Inc., Aurelia London, Gallinee Microbiome Skincare, Biomilk Skincare, Lallemand Inc., Chr. Hansen Holding A/S, Kerry Group, Ganeden Inc., Lesaffre Group, Nutraceutix Inc., Bifodan A/S, DuPont Inc., International Flavors & Fragrances Inc., UAS Laboratories LLC, Synbiotech Inc., Nebraska Cultures Inc., Custom Probiotics Inc. </b>
The probiotics market report table of contents includes:
1. Executive Summary
2. Probiotics Food And Cosmetics Market Characteristics
3. Probiotics Food And Cosmetics Market Trends And Strategies
4. Probiotics Food And Cosmetics Market – Macro Economic Scenario
5. Global Probiotics Food And Cosmetics Market Size and Growth
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31. Global Probiotics Food And Cosmetics Market Competitive Benchmarking
32. Global Probiotics Food And Cosmetics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Probiotics Food And Cosmetics Market
34. Probiotics Food And Cosmetics Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Probi AB
Nestle SA
Archer-Daniels-Midland Company
Yakult Honsha Co. Ltd
BioGaia AB
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