Probiotics Market Overview, Outlook, Size, Share, Growth Demand 2024-2033 |

The Business Research Company presents an extensive market research report on the Probiotics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The probiotics food and cosmetics market size has grown rapidly in recent years. It will grow from $59.58 billion in 2023 to $67.75 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to demand for digestive health and wellness, growth in the health and nutrition sector, expansion of functional foods and supplements, development of probiotic strains and formulations, regulatory standards for food and cosmetic safety..

The probiotics food and cosmetics market size is expected to see rapid growth in the next few years. It will grow to $108.83 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to customized probiotic solutions for specific health needs, growth in personalized nutrition and microbiome testing, innovation in probiotic-infused skincare and cosmetics, increased use in immunity-boosting products, expansion in pet and animal health applications.. Major trends in the forecast period include regulatory compliance in probiotic safety and labeling, smart and probiotic-infused wearables for health monitoring, biodegradable and eco-friendly probiotic products, personalized probiotic recommendations, transparency and traceability in probiotic sourcing..

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Key Market Players:

Danone SA, Yakult Honsha Co Ltd., Nestlé Alimentana SA, Dansk Handels- og Industri Company, Chr Hansen Holding A/S, Probi AB, BioGaia AB, Kerry Group plc, Lifeway Foods Inc., Lallemand Inc., PepsiCo Inc., Arla Foods Inc., Deerland Probiotics & Enzymes Inc., Evolve BioSystems, ADM Protexin, Mother Dairy Fruit & Vegetable Private Ltd., General Mills Inc., i-Health Inc., Archer-Daniels-Midland Company, Cell Biotech Co. Ltd., Probiotical SPA, Bright Dairy & Food Co Ltd., Custom Probiotics Inc., Dietary Pro Inc., DuPont De Nemours Inc., Ganeden Inc., Nebraska Cultures Inc., ProbioFerm LLC, Reckitt Benckiser Group plc, Reckitt Benckiser LLC, Symrise AG are prominent players in the industry.

Market Drivers:

The increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements is expected to foster the probiotics market growth going forward. Self-care has evolved into a necessary component of the modern consumer's lifestyle. 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. For instance, according to a survey conducted by Habit Health and Nutrition, an India-based nutrition tech company in 2021, Indians want to make eating healthy a priority in order to improve their physical and mental health. Over 70% of those surveyed said they'll prioritize dietary adjustments to improve their overall health and immunity, as well as reduce stress and anxiety. Therefore, the increasing tendency of customers towards healthy foods drives the growth of the probiotics market.

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Market Segments Include:
1) By Product Type: Probiotics Food and Beverages, Dietary Supplements, Cosmetics
2) By Ingredients: Bacteria, Yeast
3) By Distribution Channel: Hypermarkets/ Supermarkets, Pharmacies/ Drugstores, Specialty stores, Online

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

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