Press release
Meticulous Research® Unveils Comprehensive Probiotics Market Report: Industry to Reach $100.10 Billion by 2031
Meticulous Research®, a globally recognized market research firm, has released an in-depth report titled "Probiotics Market Size, Share, Forecast, & Trends Analysis by Strain (Bacillus), Product Type (Dairy {Yogurt}, Baked Food}, Animal Feed), Form (Liquid), Sales Channel (Supermarkets), End User (Human {Adults, Seniors}, Animal) - Global Forecast to 2031."Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5113
The report projects that the global probiotics market will surge to $100.10 billion by 2031, experiencing a robust compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. This growth is primarily fueled by increasing consumer awareness regarding the health benefits of probiotics, the rising adoption of probiotics as alternatives to antibiotics, and significant advancements in probiotic research. However, the market's expansion may be challenged by stringent regulatory frameworks. Notably, the burgeoning use of probiotics in infant nutrition and the accelerated growth of e-commerce present lucrative opportunities for industry players.
Key Market Players
Prominent companies driving innovation and growth in the probiotics market include Probi AB (Sweden), BioGaia AB (Sweden), Nestlé S.A. (Switzerland), Novonesis Group (Denmark), Danone S.A. (France), Yakult Honsha Co., Ltd. (Japan), Lallemand Inc. (Canada), Lifeway Foods Inc. (U.S.), International Flavors & Fragrances Inc. (U.S.), Kerry Group plc (Ireland), Archer-Daniels-Midland Company (U.S.), KeVita, Inc. (U.S.), Infinant Health Inc. (U.S.), Cell Biotech Co., Ltd. (Korea), and Probiotical S.p.A. (Italy).
Browse in Depth: https://www.meticulousresearch.com/product/probiotics-market-5113
Market Segmentation & Insights
The probiotics market report provides a detailed analysis of historical data (2022-2023), current estimates (2024), and forecasts (2031). It segments the market based on strain, product type, form, sales channel, end user, and geography.
By Strain: The market is divided into bacteria and yeast strains. In 2024, bacteria strains are expected to dominate, accounting for 86.4% of the market, driven by their widespread use in dairy products such as yogurt, kefir, and cheese, alongside the growing prevalence of gastrointestinal disorders.
By Product Type: The market is segmented into functional food & beverages, medical & dietary supplements, and animal feed. The medical & dietary supplements segment is set to grow at the highest CAGR of 9.2%, spurred by the increasing incidence of gut-related diseases and heightened consumer awareness of the benefits of supplements.
By Form: Liquid probiotics are anticipated to hold a significant market share of 60.0% in 2024, owing to their versatility and popularity among infants, older adults, and those with swallowing difficulties. However, the need for refrigeration of these products could limit their growth.
By Sales Channel: Online sales are expected to outpace offline channels, with a projected CAGR of 10.0% during the forecast period. The shift towards e-commerce is driven by its convenience, personalized shopping experiences, and competitive pricing.
By End User: The human segment is projected to account for a substantial market share of 93.3% in 2024, thanks to advancements in human-grade probiotic products and their increasing application in addressing digestive health issues.
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By Geography: The Asia-Pacific region is poised to lead the market, representing 45.6% of the global share in 2024, with an estimated market value of USD 29.0 billion. The region's dominance is attributed to the rising consumption of non-dairy probiotic foods, a robust presence of companies in China's digestive health market, and an increasing focus on immune health.
Related Reports:
Prebiotics Market - https://www.meticulousresearch.com/product/prebiotics-market-5368
Animal Feed Probiotics Market - https://www.meticulousresearch.com/product/animal-feed-probiotics-market-5288
Nutraceutical Ingredients Market - https://www.meticulousresearch.com/product/nutraceutical-ingredients-market-5044
Digestive Health Supplements Market - https://www.meticulousresearch.com/product/digestive-health-supplements-market-5779
Functional Ingredients Market - https://www.meticulousresearch.com/product/functional-ingredients-market-5645
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Mr. Khushal Bombe
Meticulous Market Research Inc.
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California, 96001, U.S.
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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