The Probiotics Market Expected to Progress at $89.59 Billion by 2028

A recent study by Triton Market Research titled 'Global Probiotics Market' includes Global Analysis and Forecast by Strain (Bacteria {Bifidobacterium Spp., Lactobacillus Spp., Other Spp.}, Yeast), by Diet Preference (Plant-based Products, Animal-based Products), by Sales Channel (Online Sales Channel, Offline Sales Channel {Convenience Stores, Pharmacies, Supermarkets, Other Offline Sales Channels}), by End-use (Probiotic Foods {Bakery/Breakfast Cereals, Yogurt, Confectionery, Baby Formulas, Other Products}, Probiotic Beverages {Dairy-based Beverages, Fruit-based Beverages, Other Beverages}, Nutritional Supplements {Powders, Capsules, Other Nutritional Supplements}, Veterinary Feed, Cosmetics), and Regional Outlook (Europe, North America, Asia-Pacific, Middle East and Africa, Latin America).

Probiotics play a key role in an individual's diet. They are available for various diet preferences in the form of plant- and animal-based products.

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Triton's market research report indicates that the global probiotics market is set to accelerate at a CAGR of 9.09%, reaching a revenue worth $89.59 billion by 2028.

The incidence of antibiotic resistance has grown in recent years due to rising antibiotic abuse. Probiotics are thus increasingly being used in medicine as well as cattle farming to replace antibiotics. Thus, the growing threat of antibiotic resistance is largely driving market growth.

However, since probiotic products contain live microorganisms, ensuring product viability becomes a significant challenge for manufacturers.

When transporting functional probiotics through the supply chain, the efficacy and shelf-stability of probiotic beverages depend largely on heat, moisture content, and other factors. Therefore, it is important to have an efficient cold chain network, which is a cost-intensive process. Such factors hinder the market growth process.

The probiotics market is divided into strain, diet preference, sales channel, and end-use. Strain is sub-segmented into bacteria and yeast. Bacteria is divided into bifidobacterium spp., lactobacillus spp., and other spp. The diet preference category is bifurcated into plant-based products and animal-based products.

By sales channel, the market is segmented into online sales channels and offline sales channels. Offline sales channel comprises convenience stores, pharmacies, supermarkets, and other offline sales channels. The end-use segment is sectioned into probiotic foods, probiotic beverages, nutritional supplements, veterinary feed, and cosmetics.

Probiotic food is divided into bakery/breakfast cereals, yogurt, confectionery, baby formulas, and other products. Probiotic beverages comprises dairy-based beverages, fruit-based beverages, and other beverages. Finally, nutritional supplements includes powders, capsules, and other nutritional supplements.

Globally, the Asia-Pacific is expected to be the fastest-growing region during the forecast period. Functional foods are increasingly being accepted by consumers in this region.

Moreover, the younger generation here has developed a keen interest in nutrition and wellbeing, which is expected to spur the demand for probiotics. As a result, in the next few years, the studied market in the Asia-Pacific will witness strong growth.

The leading companies in the probiotics market include PharmaCare Laboratories Pty Ltd, BioGaia AB, Chr Hansen Holding AS, Lifeway Foods Inc, Kerry Group Plc, KeVita Inc, Nestlé Inc, The Clorox Company, Yakult Honsha Co Ltd, Probi AB, Danone SA, I-Health Inc, General Mills Inc, and Jarrow Formulas Inc.

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Question & Answer: Probiotics Market

Question 1: What factors drive the growth of the probiotics market?
Answer: The incidence of antibiotic resistance has grown in recent years due to rising antibiotic abuse. Probiotics are thus increasingly being used in medicine as well as cattle farming to replace antibiotics. Thus, the growing threat of antibiotic resistance is largely driving market growth.

Question 2: Which factors restrict the probiotics market's growth?
Answer: Since probiotic products contain live microorganisms, ensuring product viability becomes a significant challenge for manufacturers. When transporting functional probiotics through the supply chain, the efficacy and shelf-stability of probiotic beverages depend largely on heat, moisture content, and other factors. Therefore, it is important to have an efficient cold chain network, which is a cost-intensive process. Such factors hinder the market growth process.

Question 3: Which region is the fastest growing in the probiotics market?
Answer: Globally, the Asia-Pacific is expected to be the fastest-growing region during the forecast period. Functional foods are increasingly being accepted by consumers in this region. Moreover, the younger generation here has developed a keen interest in nutrition and wellbeing, which is expected to spur the demand for probiotics. As a result, in the next few years, the studied market in the Asia-Pacific will witness strong growth.

Question 4: Which are the leading companies in the probiotics market?
Answer: The leading companies in the probiotics market include PharmaCare Laboratories Pty Ltd, BioGaia AB, Chr Hansen Holding AS, Lifeway Foods Inc, Kerry Group Plc, KeVita Inc, Nestlé Inc, The Clorox Company, Yakult Honsha Co Ltd, Probi AB, Danone SA, I-Health Inc, General Mills Inc, and Jarrow Formulas Inc.

Related Report:

Global Fermented Food and Ingredients Market - https://www.tritonmarketresearch.com/reports/global-fermented-food-and-ingredients-market

The global fermented food and ingredients market is expected to progress at a CAGR of 4.26% over the forecast period of 2019 to 2027, gaining a net revenue of $919.32 billion by 2027.

In order to ensure that adequate healthy food is available for the surging population across the world, preserving food becomes important. The process of fermentation enhances the shelf life of food products. Fermenting food products also helps in reducing fat and calorie content from them.

Besides, fermented foods, like probiotics, also help in developing immunity against a range of diseases, which thus helps increase life expectancy. All these factors indicate the global market for fermented food and ingredients would be on an upward trend in the years to come.

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