Probiotics Market Size, Share, Price, Trends, Growth, Analysis, Outlook, and Forecast By 2023-2030 | BioGaia AB, Hansen, Groupe Danone S.A.

Probiotics market was valued at US$ 58.9 Bn in 2022, and is expected to exhibit a CAGR of 8.3%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 111.8 Bn by 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Probiotics are live microorganisms that provide health benefits when consumed. Probiotics are available in various forms such as supplements, foods and beverages. Consumers are increasingly consuming probiotic products to maintain gut and digestive health.

Market Dynamics:

The probiotics market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, rising health consciousness among consumers has increased the demand for probiotic supplements and fortified foods. People are increasingly adopting probiotic products to boost immunity, aid digestion and obtain other health benefits. Secondly, growing consumer awareness about gut health and its link to overall well-being has elevated the popularity of probiotic products in recent years. Research studies highlighting the role of probiotics in maintaining gut microbiota balance and reducing risks of various diseases have increased product adoption. These factors are expected to fuel market revenue growth during the forecast period.

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Top Companies Covered In This Report:

★ BioGaia AB
★ Hansen
★ Groupe Danone S.A.
★ Nestle S.A.
★ PROBI AB
★ Lifeway Foods Inc.
★ Mother Dairy
★ General Mills Inc.
★ China-Biotics Inc.
★ Yakult Honsha Co. ltd
★ I. du Pont de Nemours and Company

Detailed Segmentation:

By Type:

★ Probiotics Food and Beverages
★ Probiotics Dietary Supplements
★ Probiotics Animal Feed

By Applications:

★ Human Probiotics
★ Animal Probiotics

By Ingredient:

★ Lactobacillus
★ Streptococcus
★ Bifidobacterium

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Probiotics Market Drivers: Increased awareness about gut health and its relation to overall well-being

One of the major drivers for the probiotics market has been the increased awareness among consumers about gut health and its relation to overall health and well-being. There is a growing understanding that maintaining a healthy gut microbiome is important for digestion, immunity and various other physiological functions. Consumers are now making lifestyle choices and adopting diets that support gut health. Probiotic supplements are seen as an effective way to improve the diversity of good bacteria in the gut. Various clinical studies have demonstrated the role of probiotics in digestion, lowering risk of certain diseases and potential mental health benefits. This has boosted credibility and demand for probiotic products.

Probiotics Market Drivers: Wide range of product innovations catering to diverse consumer needs

Another significant market driver has been the extensive product innovations carried out by manufacturers to cater to diverse consumer needs. Probiotic products now come in various forms like capsules, powders etc making them more convenient and appealing for different consumer sections. Functional benefits have also been improved with strains that provide multiple health attributes from gut and immune health to weight management. Product customization as per lifecycle stages like for children, adults, elderly has seen strong growth. The availability of high quality, research-backed, scientifically validated products have won greater customer trust propelling market revenues.

Probiotics Market Restrain: High prices compared to regular supplements

One major restrain for the probiotics market has been the relatively higher prices of products compared to regular nutritional supplements. Due to sophisticated manufacturing processes and stringent quality controls to ensure probiotic viability, costs are generally higher. This poses affordability challenges, especially in developing nations. While premium probiotic brands target health-conscious consumers willing to pay more, the masses need value offerings. Unless mass-scale, cost-effective manufacturing and innovations in delivery technologies bring down prices, affordability will remain a deterrent restricting wider customer base and market outreach.

Probiotics Market Opportunity: Therapeutic application in gut-related and other diseases

The growing acceptance of probiotics for therapeutic application in various gut-related illnesses like IBD, IBS, infection, presents a huge opportunity for market participants. Most clinical studies have evidenced the role of specific probiotic strains in management and symptom relief of such conditions. Their application is also being explored in other diseases linked to gut dysbiosis like diabetes, allergies, neurological disorders, cancers etc. This opens up an enormous clinical market beyond regular nutritional supplements. Partnerships of probiotic firms with hospitals, health centers, insurance payers can facilitate patient access. Getting regulatory approvals for disease risk reduction claims will lend more credibility helping probiotics gain footing in therapeutic areas.

Probiotics Market Trends: Blends of multiple probiotic strains tailored to health goals

One notable trend in the probiotics market has been the introduction of products containing blends of multiple probiotic strains customized as per intended health goals. Earlier, most products contained only one or two strains. But recent research suggesting synergistic benefits of mixed strains is driving innovations in this area. Manufacturers are developing proprietary blends combining gut-friendly bacteria like Lactobacillus, Bifidobacterium along with subsets that provide extra benefits like immune support, weight management based on end-usage. This is giving consumers precise formulations to achieve specific aims like digestive ease, mood enhancement etc. Besides improved efficacy, such customized blends also help producers differentiate offerings and command premium pricing in the oligopolistic probiotics industry.

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Key Questions Answered in This Report on Probiotics Market

• How much revenue will the global Probiotics Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Probiotics Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Probiotics Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Probiotics Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle-East and Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.