The Probiotics Market Projected to Grow at a CAGR of 7.6% and Generate a Revenue of $105,336.5 Million by 2031

The probiotics market is poised to witness significant growth due to increased usage of probiotic-containing functional and dietary supplements as a result of rise in health awareness. The Asia-Pacific region is predicted to be the most lucrative by 2031.

As per the analysis by Research Dive, the global probiotics market is expected to register a revenue of $105,336.5 million by 2031, growing from $53,046.8 million in 2021, at a CAGR of 7.6%.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐧𝐨𝐰 @ https://www.researchdive.com/download-sample/3951

𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
Increased usage of probiotic-containing functional and dietary supplements is likely to drive expansion. Yogurt products are in high demand, and manufacturers are constantly developing new products, driving the growth. Probiotics are microorganisms that can provide health benefits when consumed in adequate amounts. Digestive disorders, such as irritable bowel syndrome, inflammatory bowel disease, and lactose intolerance. The demand for probiotics is rising as they are effective in managing the symptoms of these disorders. Therefore, the probiotics industry is expected to grow significantly in the upcoming years.

The lack of proper regulations in the probiotics industry is expected to hamper the global market expansion. Furthermore, most probiotics are unstable at room temperature. The lack of understanding about the health benefits of probiotics among consumers in developing regions is expected to hamper the expansion of the probiotics market. These factors are the major factors anticipated to hamper the probiotics market share in the upcoming years.

The growing usage of probiotics in day-to-day applications is predicted to generate excellent market growth opportunities. The growing trend of healthy eating and wellness has led to an increase in the consumption of natural and organic foods. Probiotics fit well into this trend, as they are naturally occurring microorganisms that are beneficial for health. This has led to an increase in demand for probiotic-rich foods and beverages, such as yogurt, kefir, and kombucha. The rise in demand for functional foods presents significant opportunities for the probiotics market players. As consumers become more health conscious, they are looking for ways to support their overall well-being, and probiotics are seen as a natural and effective solution, which is predicted to generate excellent opportunities for the key players.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐫𝐨𝐛𝐢𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
The COVID-19 pandemic affected several industries during the pandemic and had a significant impact on the probiotics market as well. With the increase in focus on health and wellness, the demand for immune-boosting supplements increased during the pandemic. As probiotics are known to boost the immune system and support overall health, the market is likely to experience growth in the post-pandemic period. However, the pandemic also caused disruptions in the supply chain, which led to increased prices and decreased availability of probiotic products. The growing preference for natural products among consumers is a significant factor impacting the expansion. The market is expanding due to consumers' increase in demand for preventative healthcare and the benefits of probiotics on health.

On the basis of ingredient, the market is mainly classified into bacteria and yeast. The bacteria sub-segment accounted for the largest share in 2021. Probiotics are live microorganisms that provide health benefits when consumed in adequate amounts. The growing awareness of the health benefits of probiotics and the increasing demand for natural and functional food products are driving the growth of the bacteria segment in the probiotics market.

On the basis of application, the market is mainly classified into probiotic supplements, animal feed, and food and beverages. The food and beverages sub-segment accounted for the largest share in 2021. The food and beverages industry has been quick to respond to this growing demand by introducing a wide range of probiotic products, including probiotic-fortified dairy products, such as yogurt and cheese, and non-dairy products, such as juices and snacks. The increase in popularity of functional foods and beverages has also contributed to the growth of the probiotics market.

On the basis of end-user, the market is mainly classified into human and animal. The human sub-segment accounted for the largest share in 2021. The increase in awareness about the health benefits of probiotics, the rise in digestive and immune-related health issues, and the demand for natural and effective solutions to support gut health are expected to drive the segment growth. In addition, the rise in digestive and immune-related health issues is also predicted to drive the growth of the probiotics market.

According to geographical analysis, the probiotics market in Asia-Pacific accounted for the highest share in 2021. Asia-Pacific is also expected to witness significant growth in the probiotics market in the upcoming years. The probiotics market in the region is dominated by countries such as Japan, China, and India, which are major producers and consumers of probiotics. The region is also witnessing a rise in the number of probiotic product launches and a growing number of companies entering the market, which is further boosting the growth of the regional market.

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Some of the leading players in the industry are Danone, Danisco A/S, General Mills Inc., Arla Foods, Inc., BioGaia AB, Chr. Hansen Holding A/S, i-Health Inc., Lallemand Inc., Lifeway Foods, Inc., and Mother Dairy Fruit & Vegetable Pvt. Limited.

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Nutritional Food and Drink Market: https://www.researchdive.com/9179/nutritional-food-and-drink-market

Walnut Oil Market: https://www.researchdive.com/9224/walnut-oil-market

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Phytonutrients Market: https://www.researchdive.com/4259/phytonutrients-market

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