Probiotics Market Would Rise to USD 128.38 Billion With Grow at a CAGR of 8.6% by 2030

Probiotics Market report is an excellent report that makes it possible to the HEALTHCARE industry to take strategic decisions and achieve growth objectives. HEALTHCARE industry can be highly benefited with this market research report which brings market and competitive landscape clearly into the focus and help make better decisions. In this business document, market segmentation has also been performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. Expert solutions combined with potential capabilities make Probiotics Market survey report outperforming for the HEALTHCARE industry.

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.

Market Scenario:

Probiotics are bacteria and yeast that help maintain a healthy microbial balance in the intestines of humans and animals. It promotes the body's digestive juices and enzymes, assuring appropriate digestion. Probiotics protect good bacteria from dangerous bacteria. Currently, probiotics are being used to treat mental problems and digestive and neurological disorders. They also enhance the immune system, protect proteins and lipids from oxidative damage, and remove infections in the body.

Opportunities

Growing Acquisitions Associated with Probiotics
An increasing number of acquisitions have led to the market's growth. For instance, Novozymes, a Denmark-based biological solutions company, acquired Microbiome Labs for $125 million in 2021. Novozymes will be able to increase its product portfolio and position itself in the probiotics market due to this acquisition. Also, Microbiome Labs is a U.S.-based company that provides probiotic and microbiome solutions. Thus, this factor boosts market growth.

Increasing Usage of Probiotics in Supermarkets
Supermarkets or hypermarkets are popular sources for purchasing protein-based supplement products because of the accessibility of shopping and the availability of multiple brands. Numerous consumers who tend to buy probiotics in these retail channels are most likely to be more selective in their approach due to the availability of a wide range of probiotic products. Thus, this leads to the growth of the market.

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.
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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