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Probiotics Market worth $127.15 billion by 2030, growing at a CAGR of 10.47% - Exclusive Report by 360iResearch
Probiotics Market | 360iResearch
The Global Probiotics Market to grow from USD 63.32 billion in 2023 to USD 127.15 billion by 2030, at a CAGR of 10.47%.
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Probiotics are live microorganisms that are consumed as they are intended to have health benefits. These probiotic microbes play an essential role in maintaining the balance of microbial populations within the human body and contribute to the health and well-being of individuals. Increased awareness about preventive healthcare is one significant factor influencing consumers' preference for nutritional products fortified with probiotics. Furthermore, the growing geriatric population seeking solutions to age-related health issues such as digestive disorders and weak immunity systems is expanding the consumption of probiotic supplements. However, high costs and issues related to product recalls may adversely impact the consumption of probiotic products. Moreover, emerging applications of probiotics in personalized nutrition and precision medicine are expected to create significant potential for the growth of the probiotics market worldwide.
Growing consumer awareness of probiotics' health benefits coupled with the prevalence of lifestyle-related disorders such as obesity and diabetes are resulting in increased consumption of probiotics in the Americas. Increasing demand for functional foods enriched with probiotics in sectors such as dairy products and dietary supplements is encouraging the growth of the probiotics market in the Americas. Rapid urbanization, rising disposable incomes, lifestyle changes, an increase in chronic disease, and burgeoning interest in preventive healthcare among consumers are expanding the consumption of pro-biotics in the APAC region. Heightened consumer awareness of gut health and microbiota management and stringent regulations regarding probiotic product claims, which have led to increased transparency and trust among consumers, has resulted in increased consumption of probiotics in the EMEA region. Additionally, the rise in research & development for creating innovative formulations is anticipated to boost the adoption and consumption of probiotics by individuals worldwide.
Market Segmentation & Coverage:
This research report categorizes the Probiotics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Function, market is studied across Bone Health, Gut Health, Immunity, Nutrition, and Productivity. The Nutrition commanded largest market share of 32.02% in 2023, followed by Gut Health.
Based on Source, market is studied across Bacteria and Yeast. The Bacteria is further studied across Bifidobacterium, Lactobacilli, and Streptococcus Thermophilus. The Bacteria commanded largest market share of 82.17% in 2023, followed by Yeast.
Based on Form, market is studied across Liquide and Solid. The Solid commanded largest market share of 64.83% in 2023, followed by Liquide.
Based on Distribution, market is studied across Hypermarkets/Supermarkets, Online, Pharmacies/Drugstores, and Specialty Stores. The Pharmacies/Drugstores commanded largest market share of 34.15% in 2023, followed by Hypermarkets/Supermarkets.
Based on Application, market is studied across Dietary Supplements, Feed, and Functional Food & Beverages. The Dietary Supplements commanded largest market share of 55.92% in 2023, followed by Functional Food & Beverages.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.26% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Probiotics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Probiotics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Probiotics Market, highlighting leading vendors and their innovative profiles. These include Alltech, Inc., Archer Daniels Midland Company, Arla Foods, Inc., Asahi Group Holdings, Ltd., Bio Armor Developpement S.A.R.L., BioCC LLC, BioGaia AB, Chr. Hansen Holding A/S, DuPont de Nemours, Inc., Evonik Industries AG, Greentech, Kerry Group PLC, Lallemand Inc., Land O'lakes, Inc., Lesaffre & CIE, Lifeway Foods, Inc., MITUSHI BIOPHARMA, Morinaga Milk Industry Co., Ltd., Mother Dairy Fruit & Vegetable Pvt. Ltd., Nestlé S.A., Novozymes A/S, Probi AB, Probiotical SpA, Provita Eurotech Limited, Reckitt Benckiser Group plc, Roelmi HPC, Royal DSM N.V., Sabinsa Corporation, Schouw & Co., Synbio Tech Inc., and Yakult Honsha Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Probiotics Market, by Function
7. Probiotics Market, by Source
8. Probiotics Market, by Form
9. Probiotics Market, by Distribution
10. Probiotics Market, by Application
11. Americas Probiotics Market
12. Asia-Pacific Probiotics Market
13. Europe, Middle East & Africa Probiotics Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Probiotics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Probiotics Market?
3. What is the competitive strategic window for opportunities in the Probiotics Market?
4. What are the technology trends and regulatory frameworks in the Probiotics Market?
5. What is the market share of the leading vendors in the Probiotics Market?
6. What modes and strategic moves are considered suitable for entering the Probiotics Market?
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