Probiotics Market 2023 - Size, Share, Analysis, Research, And Forecast

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the probiotics market report by The Business Research Company, the increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements is expected to foster the probiotics market.

The global probiotics market size grew from $66.9 billion in 2022 to $73.14 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The probiotics market size is expected to grow to $101.89 billion in 2027 at a CAGR of 8.6%.

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Major players in the probiotics market are 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.

The probiotics market is segmented -
• 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, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Probiotics market in 2022.

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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.

The Table Of Content For The Probiotics Market Include:
1. Executive Summary
2. Probiotics Market Characteristics
3. Probiotics Market Trends And Strategies
4. Probiotics Market - Macro Economic Scenario
5. Probiotics Market Size And Growth
6. Probiotics Market Segmentation
……
26. Africa Probiotics Market
27. Probiotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Probiotics Market
29. Probiotics Market Future Outlook And Potential Analysis
30. Appendix

The "Global Probiotics Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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