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Probiotic Strains Market Expected to Reach a Valuation of US$ 10 Bn by 2030

10-29-2024 01:46 PM CET | Food & Beverage

Press release from: Persistence Market Research

Probiotic Strains Market Expected to Reach a Valuation of US$ 10

Introduction

The Probiotic Strains Market has witnessed substantial growth as consumers increasingly prioritize gut health and overall well-being. Probiotics, live beneficial bacteria that support digestive and immune health, have gained widespread acceptance across various applications, from health supplements to fortified food and beverages. With increasing research on the benefits of specific probiotic strains and a rise in demand for functional foods, the market for probiotic strains is positioned for robust expansion. This report delves into the key trends, drivers, challenges, and projections for the probiotic strains market through 2030.

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Market Overview

Probiotic strains are microorganisms known for their positive effects on digestive health and immune function. Popular strains, including Lactobacillus, Bifidobacterium, and Saccharomyces, are commonly used in health supplements, dairy products, and functional beverages. The market's growth is being bolstered by increasing consumer awareness regarding gut health, growing research in microbiome science, and innovative product formulations. Probiotic strains have also gained popularity in applications beyond gut health, including skin care, oral health, and mental wellness.

Market Size and Growth

The global probiotic strains market is forecast to expand at a CAGR of 8.4%, growing from a value of US$ 5.6 billion in 2023 to reach US$ 10 billion by the end of 2030. The market is driven by the rising prevalence of digestive disorders, consumer preference for natural products, and the expanding elderly population seeking preventive healthcare options. The food and beverage segment, particularly functional foods, is expected to lead the market growth, with consumers increasingly opting for probiotic-enriched food products.

Key Drivers

Growing Awareness of Gut Health: As scientific research reveals the significant impact of gut health on overall wellness, consumers are increasingly prioritizing probiotic-rich diets. This awareness fuels the demand for probiotic strains in supplements and functional foods.
Demand for Functional Foods: The popularity of functional foods fortified with probiotics, such as yogurt and kefir, is on the rise. These products not only support digestive health but are also perceived as convenient and nutritious.
Expansion of Probiotic Applications: Probiotics are now being incorporated into a broader range of applications, including skincare, oral health, and even mental health. This diversification is opening up new revenue streams within the probiotic strains market.

Aging Population: Older adults, who often experience age-related digestive issues, are increasingly adopting probiotics as a natural solution for better digestion and overall health.
Research and Innovation in Microbiome Science: With advances in microbiome research, manufacturers are better able to understand the health benefits of specific probiotic strains, which is fueling innovation in the probiotic strains market.

Market Segmentation

By Type:

Lactobacillus acidophilus
Lactobacillus rhamnoses GG
Bifidobacterium bifidum
Other

By Form:

Dry
Liquid

By End-use Application:

Food and Beverages
Yogurt Drink and Fermented Milk
Fruit Juice
Bakery
Meat Products
Pharmaceuticals
Functional Food
Animal Feed
Health Supplement

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Challenges

Regulatory Constraints: Probiotic products face strict regulatory requirements in various regions, particularly regarding claims about health benefits. Meeting these standards can be costly and time-consuming for manufacturers.
Product Stability: Probiotics are sensitive to environmental factors such as heat and moisture, which can affect their efficacy. Ensuring product stability across supply chains is a significant challenge in the industry.
High R&D Costs: Developing new probiotic strains and conducting clinical trials to validate their benefits requires substantial investment, which may be a barrier for smaller companies.
Consumer Misinformation: While demand is growing, some consumers remain confused about the specific health benefits of different probiotic strains, affecting the market's growth potential.

Key Players
The probiotic strains market includes several leading companies dedicated to research, innovation, and expanding the application of probiotics. Key players include:

Chr. Hansen Holding A/S
Danone S.A.
Probi AB
NestlΓ© S.A.
DuPont de Nemours, Inc.
BioGaia AB
Kerry Group
Morinaga Milk Industry Co., Ltd.
Yakult Honsha Co., Ltd.
Lallemand Inc.

These companies are advancing research on strain-specific health benefits, product formulations, and sustainability in production.

Technological Innovations

Strain-Specific Research: With growing knowledge of the microbiome, companies are focusing on developing strain-specific probiotic formulations that target specific health concerns such as immunity, digestion, and mental well-being.

Encapsulation Techniques: Innovations in encapsulation are improving the stability of probiotics, protecting them from environmental factors that may compromise their efficacy during transport and storage.

Probiotics for Personalized Nutrition: Advances in genetic and microbiome analysis are paving the way for personalized probiotic solutions tailored to individual health profiles, creating new opportunities in the market.
Future Trends

Probiotics in Non-Traditional Applications: Beyond digestive health, probiotics are gaining traction in areas such as mental wellness, immune support, and skincare, appealing to a broader demographic.
Sustainability in Probiotic Production: With a focus on reducing environmental impact, companies are adopting sustainable practices in the production and packaging of probiotic products.

Increased E-commerce Sales: Online channels are becoming a prominent platform for probiotic sales, particularly as consumers seek a wide variety of probiotic products tailored to specific health needs.
Expansion in Emerging Markets: Asia-Pacific, Latin America, and parts of Africa are experiencing increased demand for probiotics, driven by rising disposable income, improved awareness of health and wellness, and greater product availability.

Conclusion

The global probiotic strains market is set for significant growth through 2030, driven by rising consumer awareness of gut health, the demand for functional foods, and innovative applications in sectors beyond traditional digestive health. While the industry faces challenges such as regulatory compliance, high R&D costs, and product stability issues, the long-term outlook remains positive. By the end of 2030, the market is expected to reach a valuation of US$ 10 billion, with functional foods and health supplements serving as major revenue-generating segments. Key players are investing in technological innovations and expanding product applications, positioning the probiotic strains market as a cornerstone of the global health and wellness industry.

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

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