Probiotics Market Size Worth USD 125.55 Billion in 2032 | Emergen Research

The global probiotics market size was USD 57.80 Billion in 2022 and is expected to register a revenue CAGR of 8.1% during the forecast period. The global probiotics market is witnessing significant growth, fueled by rising consumer awareness about gut health, increasing adoption of probiotic-rich foods and beverages, and advancements in research and development by international organizations.
Key factors driving this growth include the recognition of probiotics' role in enhancing gut microbiome composition, the rising incorporation of probiotics into functional foods, and the emergence of synbiotics combining probiotics and prebiotics. However, challenges such as maintaining probiotic viability in food processing and storage remain, presenting opportunities for innovative solutions.

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Key Insights:

Drivers:
1. Growing Awareness of Gut Health: Consumers are increasingly recognizing the importance of gut health, leading to a surge in demand for probiotics. Probiotics play a vital role in enhancing nutrient absorption, aiding digestion, and promoting overall well-being.

2. Rising Use of Probiotics in Food and Beverages:
Functional foods and beverages containing probiotics are gaining popularity as consumers seek healthier dietary options. Probiotic-rich foods like yogurt, kefir, and fermented vegetables are being widely accepted for their health benefits.

Restraints:

1. Challenges in Incorporating Probiotics into Functional Foods: Despite the growing demand, incorporating probiotics into functional foods poses challenges such as maintaining viability during processing and storage. Innovative technologies are needed to overcome these hurdles.
Trends:

1. Increasing Prominence of Synbiotics: Synbiotics, which combine probiotics and prebiotics, are emerging as a trend in the probiotics market. These synergistic combinations offer enhanced benefits for gut health and immune function.

2. Addressing Specific Health Concerns: Probiotics are being researched for their potential in addressing specific health concerns such as inflammatory bowel disease and lactose intolerance. Synbiotics, in particular, show promise in improving symptoms and enhancing overall well-being.

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Segment Insights:

1. Probiotics Type Insights: The market is segmented into probiotic food and beverages, probiotic dietary supplements, and animal feed. Probiotic food and beverage segment dominates the market, driven by growing consumer awareness and acceptance of probiotic-rich foods.

2. Probiotics Ingredient Insights: Lactobacilli and bifidobacteria are the dominant segments, offering diverse health benefits. Lactobacilli, particularly Lactobacillus acidophilus, are recognized for their digestive and immune support properties, while bifidobacteria contribute to gut health and overall immunity.

3. Probiotics End-User Insights: Human probiotics segment leads the market, supported by extensive health benefits and efficacy against various health disorders. Animal probiotics segment is witnessing rapid growth, driven by its role in enhancing the health and performance of production animals.

Probiotics Top Companies and Competitive Landscape

The global probiotics market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective probiotics solutions.

Some major players included in the global probiotics market report are:

• Danone
• Yakult Honsha Co.,Ltd.
• ADM
• Nestlé
• Hansen Holding A/S
• Arla Foods amba
• Protexin
• Lifeway Foods, Inc.
• BioGaia USA
• Probi
• Jarrow Formulas, Inc.
• Natural Factors USA
• Nutrition Care Pharmaceuticals Pty. Ltd
• Swanson
• Winclove Probiotics
• DuPont
• Bayer AG
• MORINAGA MILK INDUSTRY CO.,LTD.
• Amway

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Probiotics Latest Industry News

• On 01 July 2022, BioGaia released a probiotic product to boost children's upper respiratory health and fortify their immune systems. The product was developed by BioGaia as a probiotic supplement to standard analgesics. Parents can feed their children the product without worrying about negative side effects, as it is natural and non-invasive. In the USA, the product is sold under the trade name BioGaia Pharentis KIDS. Children can safely take Pharentis probiotic drops since they are free of gluten, lactose, or milk protein.

• On 04 March 2022, GoodBelly announced the launch of its GoodBelly Kids drinks and GoodBelly Immune Support probiotics line, which are designed to aid in digestion and improve nutrient absorption for customers of all ages. The company's first multi-serve probiotic beverage created especially for kids, is called GoodBelly Kids. A strong dose of probiotics, which have been demonstrated to improve the immune system and lessen the frequency, duration, and symptoms of colds, may be provided by GoodBelly Immune Support.

Probiotics Market Segment Analysis

For the purpose of this report, Emergen Research has segmented global probiotics market on the basis of type, ingredient, distribution channel, end user, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Probiotic Food & Beverages
1. Dairy Products
2. Non-Dairy
3. Cereals
4. Baked Food
5. Fermented Meat
6. Dry Foods
o Probiotic Dietary Supplements
1. Food Supplements
2. Nutritional Supplements
3. Specialty Supplements
4. Infant Formula
o Animal Feed
• Ingredient Outlook (Revenue, USD Billion; 2019-2032)
o Bacteria
o Lactobacilli
o Streptococcus Thermophiles
o Bifidobacteria
o Yeast
o Saccharomyces Boulardii
o Others
• Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
o Business-to-Business (B2B)
o Business-to-Consumers (B2C)
1. Supermarkets/Hypermarkets
2. Pharmacies and Health Stores
3. Convenience Stores
4. Online Retail Stores
• End User Outlook (Revenue, USD Billion; 2019-2032)
o Human Probiotics
o Animal Probiotics

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