The Probiotics Market Expected to Progress at $89.59 Billion by 2028

As per a report by Triton Market Research, the global probiotics market attained $48.99 billion in 2021. It is further predicted to register a CAGR of 9.09% by 2028.

A recent study by Triton Market Research titled 'Global Probiotics Market' includes Global Analysis and Forecast by Strain (Bacteria {Bifidobacterium Spp., Lactobacillus Spp., Other Spp.}, Yeast), by Diet Preference (Plant-based Products, Animal-based Products), by Sales Channel (Online Sales Channel, Offline Sales Channel {Convenience Stores, Pharmacies, Supermarkets, Other Offline Sales Channels}), by End-use (Probiotic Foods {Bakery/Breakfast Cereals, Yogurt, Confectionery, Baby Formulas, Other Products}, Probiotic Beverages {Dairy-based Beverages, Fruit-based Beverages, Other Beverages}, Nutritional Supplements {Powders, Capsules, Other Nutritional Supplements}, Veterinary Feed, Cosmetics), and Regional Outlook (Europe, North America, Asia-Pacific, Middle East and Africa, Latin America).

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Probiotics are important components of a person's diet. They come in plant- and animal-based products to suit different dietary preferences.

According to Triton's market research analysis, the probiotics industry is expected to grow at a compound annual growth rate (CAGR) of 9.09% and reach $89.59 billion in sales by 2028.

Antibiotic overuse has increased recently, which has increased the frequency of antibiotic resistance. As a result, probiotics are being utilized more often to replace antibiotics in both medical and cattle husbandry. Thus, a major factor propelling market expansion is the growing issue of antibiotic resistance.

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But because probiotics include live bacteria, it becomes very difficult for producers to guarantee product viability. Heat, moisture content, and other variables play a major role in the effectiveness and shelf-stability of probiotic beverages while they are transported through the supply chain. As a result, maintaining an effective cold chain network is crucial, while it is an expensive procedure. These elements impede the expansion of the market.

The probiotics market is segmented based on end-use, sales channel, diet choice, and strain. Yeast and bacteria are sub-segmented within strain. There are three types of bacteria: lactobacillus species, bifidobacterium species, and other species. There are two categories within the diet preference category: plant-based items and animal-based products.

By sales channel, the market is segmented into online sales channels and offline sales channels. Offline sales channel comprises convenience stores, pharmacies, supermarkets, and other offline sales channels. The end-use segment is sectioned into probiotic foods, probiotic beverages, nutritional supplements, veterinary feed, and cosmetics.

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Baby formulae, confections, yogurt, bakery/breakfast cereals, and other items are categorized as probiotic food. Dairy- and fruit-based drinks as well as other types of beverages are considered probiotic beverages. Lastly, powders, capsules, candies, and other nutritional supplements are included in the category of nutritional supplements.

Asia-Pacific is anticipated to expand at the quickest rate in the world during the projection period. Customers in this area are beginning to adopt functional meals more and more. Both the use of probiotic additives in animal feed are predicted to rise. Additionally, the younger population in this area has grown very interested in health and nutrition, which is predicted to increase demand for probiotics. Consequently, the Asia-Pacific market under study is expected to experience significant expansion in the coming years.

The leading companies in the probiotics market include PharmaCare Laboratories Pty Ltd, BioGaia AB, Chr Hansen Holding AS, Lifeway Foods Inc, Kerry Group Plc, KeVita Inc, Nestlé Inc, The Clorox Company, Yakult Honsha Co Ltd, Probi AB, Danone SA, I-Health Inc, General Mills Inc, and Jarrow Formulas Inc.

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Question & Answer: Probiotics Market

Question 1: What factors drive the growth of the probiotics market?
Answer: The incidence of antibiotic resistance has grown in recent years due to rising antibiotic abuse. Probiotics are thus increasingly being used in medicine as well as cattle farming to replace antibiotics. Thus, the growing threat of antibiotic resistance is largely driving market growth.

Question 2: Which factors restrict the probiotics market's growth?
Answer: Since probiotic products contain live microorganisms, ensuring product viability becomes a significant challenge for manufacturers. When transporting functional probiotics through the supply chain, the efficacy and shelf-stability of probiotic beverages depend largely on heat, moisture content, and other factors. Therefore, it is important to have an efficient cold chain network, which is a cost-intensive process. Such factors hinder the market growth process.

Question 3: Which region is the fastest growing in the probiotics market?
Answer: Globally, the Asia-Pacific is expected to be the fastest-growing region during the forecast period. Functional foods are increasingly being accepted by consumers in this region. It is anticipated that probiotic consumption, as well as animal feed additives usage, would increase. Moreover, the younger generation here has developed a keen interest in nutrition and wellbeing, which is expected to spur the demand for probiotics. As a result, in the next few years, the studied market in the Asia-Pacific will witness strong growth.

Question 4: Which are the leading companies in the probiotics market?
Answer: The leading companies in the probiotics market include PharmaCare Laboratories Pty Ltd, BioGaia AB, Chr Hansen Holding AS, Lifeway Foods Inc, Kerry Group Plc, KeVita Inc, Nestlé Inc, The Clorox Company, Yakult Honsha Co Ltd, Probi AB, Danone SA, I-Health Inc, General Mills Inc, and Jarrow Formulas Inc.

Related Report:

Global Fermented Food and Ingredients Market - https://www.tritonmarketresearch.com/reports/global-fermented-food-and-ingredients-market

The global fermented food and ingredients market is expected to progress at a CAGR of 4.26% over the forecast period of 2019 to 2027, gaining a net revenue of $919.32 billion by 2027.

In order to ensure that adequate healthy food is available for the surging population across the world, preserving food becomes important. The process of fermentation enhances the shelf life of food products. Fermenting food products also helps in reducing fat and calorie content from them.

Besides, fermented foods, like probiotics, also help in developing immunity against a range of diseases, which thus helps increase life expectancy. All these factors indicate the global market for fermented food and ingredients would be on an upward trend in the years to come.

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