Probiotics Global Market Size, Share, Growth, Trends, Key Players And Forecast 2023-2032

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

The Business Research Company's Probiotics Global Market Report 2023 identifies the increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements as the major driver for the probiotics market's growth in the forecast period. Furthermore, the growing emphasis on holistic health and immunity has resulted in some substantial dietary modifications among consumers. The use of vitamins, minerals, immunity-boosting meals, organic products, supplements, and other nutritional supplements has increased significantly. Probiotics are used as a supplement form in food and beverages and provide health benefits to the human digestive system.

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 competitors 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.

A key trend in the probiotics market includes technological advancements. Major companies operating in the probiotics sector are focused on developing new technological solutions to improve the quality and life cycle of probiotic products. For instance, in April 2021, Cosmax NBT, a South Korea-based probiotics company launched Zeta probiotics technology which will help to preserve freeze-dried probiotics. Zeta Probiotics technology is a uniquely engineered freeze-drying technique that restores the cell walls and surface charges of probiotics. Freeze-drying probiotics, which can be used to change Delivery Formats, can harm goods and make them less effective in human digestion. To revive freeze-dried probiotics, Zeta probiotics technology uses a lysine-based combination. This increases their survivability in vitro under simulated gastric and duodenal stress.

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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.

The Business Research Company's "Global Probiotics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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
……
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

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