The Probiotics Packaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Probiotics Packaging Global Market Report 2024, the landscape of the probiotics packaging market has witnessed robust expansion in recent years, with projections indicating a notable trajectory. Expectedly, the market size is poised to surge from $5.88 billion in 2024 to $6.43 billion by the same year, registering a commendable compound annual growth rate (CAGR) of 9.2%. This surge in the historic period can be primarily attributed to the escalating consumption of fermented foods, advancements in probiotic strains, the widespread reach of the probiotics industry globally, alongside the ever-evolving consumer lifestyles fostering a proclivity towards personalized probiotic solutions.
Anticipated trends portend a continued upward trajectory, with the market size forecasted to burgeon to $9.06 billion by 2028, maintaining a steady CAGR of 9.0%. This forthcoming expansion is predicated upon several factors, including the seamless integration of blockchain technology within the supply chain, the culinary fusion of probiotics into diverse consumables, the burgeoning employment of encapsulation techniques, the proliferation of beauty and skincare formulations integrating probiotics, and the imposition of stringent environmental regulations shaping industry practices.
The rising demand for functional foods and beverages is expected to propel the growth of the probiotics packaging market going forward. Functional foods and beverages are products intentionally designed to offer specific health benefits beyond basic nutrition, incorporating bioactive compounds or modified ingredients to promote well-being. Probiotic packaging in functional foods involves incorporating live beneficial bacteria into the packaging material, ensuring their viability until consumption. For instance, in April 2022, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, the rising demand for functional foods and beverages is driving the growth of the probiotics packaging market.
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The probiotics packaging market covered in this report is segmented –
1) By Type: Bottles, Jars, Pouches, Other Types
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Personal Care, Other Applications
4) By End User: Manufacturers, Retailers, Other End Users
Top 5 Major Players:
Key industry players are strategically poised to capitalize on emerging opportunities by innovating new product offerings, notably excipients, to fortify their competitive stance. Excipients, inert substances crucial in binding, preserving, and stabilizing active ingredients in medications or dietary supplements, assume paramount significance in this context. For instance, in May 2024, Roquette Frères, a distinguished France-based food conglomerate, unveiled a groundbreaking excipient christened PEARLITOL ProTec. This innovative blend, comprising mannitol and maize starch, is meticulously engineered to bolster the stability of probiotic supplements. The plant-based solution shields moisture-sensitive active ingredients, including probiotics, thereby extending shelf life, enhancing consistency, and facilitating versatile dosage formats conducive to consumer preferences.
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32. Global Probiotics Packaging Market Competitive Benchmarking
33. Global Probiotics Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Probiotics Packaging Market
35. Probiotics Packaging Market Future Outlook and Potential Analysis
36. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Probiotics Packaging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Probiotics Packaging Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Probiotics Packaging Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Ball Corporation Financial Performance
Table 76: Amcor Plc Financial Performance
Table 77: Berry Global Group Inc. Financial Performance
Table 78: Crown Holdings Inc. Financial Performance
Table 79: Mondi Group Financial Performance
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