Probiotics Market Expected to Reach USD 132.51 Billion by 2030, Growing at 8.43% CAGR

Probiotics Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Probiotics industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

Estimated Growth Rate for Smart Building Market:
Probiotics Market size was valued at USD 75.42 Bn. in 2023 and the total revenue is expected to grow at 8.43% through 2024 to 2030, reaching nearly USD 132.51 Bn.

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Probiotics Market Dynamics

Probiotics, encompassing bacteria and yeast promoting healthy microbial compositions in the intestines, have far-reaching applications. Beyond digestive health, they play a vital role in immune system enhancement, protection against harmful bacteria, and addressing mental, digestive, and neurological disorders. The Probiotics Market is witnessing a surge in demand, driven by heightened awareness of preventive healthcare, rising discretionary income, and an aging population.

Preventive healthcare awareness is escalating, attributed to factors like increased discretionary income, higher living standards, and a growing geriatric population. Sociodemographic segments, such as geriatrics and females, create distinctive market niches. The market is witnessing a positive impact due to the significant role of probiotics in immune system health. Notably, during the COVID-19 pandemic, sales of probiotic products experienced notable growth, reflecting an increased focus on health and wellness.

Probiotics Market Segmentation

Probiotics Market, by Form

Dry
Liquid

Probiotics Market, by Distribution Channel

Hypermarkets/Supermarkets
Pharmacies/Drugstores
Specialty Stores
Online

With segments including Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores, and Online, the Hypermarkets/Supermarkets category holds the largest market share of 32% in 2022. The Online segment, capturing a substantial market share, offers convenient access to a wide range of probiotic products, reflecting changing consumer purchasing behavior.

Probiotics Market, by Application

Functional food & beverages
Dietary supplements
Animal feed

Probiotics Market, by End-User

Human
Animal

The worldwide probiotics market is divided into Animal and Human segments based on End-User. With 91.5% of the market, the Human category had the biggest share in 2022. Innovations in technology have expanded the range of goods fit for human consumption. This is a response to significant players in the industry utilising innovative food-grade components in drinks and other non-dairy uses.

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Probiotics Market Key Players

1. CHR. Hansen
2. Danone
3. Yakult Honsha
4. Dowdupont
5. Kerry
6. Probi AB
7. Nestle
8. Biogaia
9. Morinaga Milk Industry Co., Ltd.
10.Glac Biotech
11.Bifodan A/S
12.Lallemand
13.General Mills
14.Uas Laboratories
15.Archer Daniels Midland Company (ABM)
16.Evolve Biosystem Inc
17.Sabinsa Corporation
18.Pepsico inc
19.Post Holdings inc
20.Kerry Inc.
21.Amul

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Table of content for the Probiotics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Probiotics Market Report

Part 03: Global Probiotics Market Landscape

Part 04: Global Probiotics Market Sizing

Part 05: Global Probiotics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific:

Leading the market with a 42% share in 2022, the Asia Pacific region is expected to grow at the highest CAGR of 9.1%. Increased consumer awareness, fueled by global players' marketing strategies, and thriving markets in India, China, and Australia contribute to the regional market's robust growth.

North America:

Securing the second-largest market share of 28% in 2022, North America anticipates market expansion, supported by continued investments in the foodservice and pharmaceutical industries. Research and development activities focus on creating innovative products appealing to diverse demographics, further enhancing market growth.

Related Reports:

Global Hydroponics Market: https://www.maximizemarketresearch.com/market-report/global-hydroponics-market/27072/

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