Probiotics Market would rise to USD 128.38 billion by 2030

Data Bridge Market Research analyses that the probiotics market, which was USD 66.3 billion in 2022, would rise to USD 128.38 billion by 2030 and is expected to undergo a CAGR of 8.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The consumption of healthy food among people has been minimized due to the busy, contemporary lifestyle, and many times. It can cause gastrointestinal discomfort and infection in other body regions. Consequently, the consumption of probiotics has increased. The probiotic food and beverages segment led the market growth to a great extent globally in 2021. The increasing awareness associated with preventive healthcare is anticipated to enhance the market growth over the forecast period.

Drivers

Increasing Adoption of Probiotics in Food and Beverage
Probiotics are widely used as a supplement form in food and beverages and offer health benefits to the human digestive system. For instance, in 2021, according to a survey performed by Habit Health and Nutrition which is an India-based nutrition tech company, people want to make eating healthy necessary to increase their physical and mental health. More than 70% of people prioritize dietary adjustments to enhance their health and immunity and decrease stress and anxiety. Thus, the growing inclination of customers toward healthy foods boosts the growth of the probiotics market.

Higher Technological Advancements in Probiotics
Technological advancements have a major trend gaining popularity in the probiotic market. Several market players operating in the probiotics sector are primarily focused on evolving new technological solutions to enhance probiotic products' quality and life cycle. For instance, Cosmax NBT, a South Korea-based probiotics company, launched Zeta probiotics technology in 2021, which will help preserve freeze-dried probiotics. This technology is a uniquely engineered freeze-drying technique that repairs probiotics' cell walls and surface charges. Thus, this factor boosts market growth.

Recent Development

In 2021, Probi AB and Competence Centre on Health Technologies entered into a long-term R&D collaboration agreement (CCHT). It aims to generate several new products for women's health based on probiotic lactobacilli strains.

Application

Functional Food and Beverages
Dairy products
Non-dairy beverages
Infant Formula
Cereals
Others
Dietary Supplements
Tablets
Capsules
Powder
Liquids
Soft gels
Animal Feed

Some of the major players operating in the probiotics market are:

Yakult Honsha Co., Ltd (Japan)
Nestlé (Switzerland)
DuPont (U.S.)
MORINAGA & CO., LTD (Japan)
Protexin (U.K.)
Danone (France)
Deerland Probiotics and Enzymes, Inc. (U.S.)
Goerlich Pharma GmbH (Germany)
SANZYME BIOLOGICS PVT. LTD (India)
DSM (Netherlands)
NutraScience Labs (U.S.)
Kerry Group plc (Ireland)
Lallemand Inc. (Canada)
Lonza (Switzerland)
Winclove Probiotics (Netherlands)

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