Probiotics Market Outlook, Market Share, Size, Growth Status And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Probiotics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The probiotics market size has grown strongly in recent years. It will grow from $73.65 billion in 2023 to $80.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rise in prevalence of digestive disorders, shift towards preventive healthcare, rise in cosmetics sector, growth in pharmaceuticals industry, increase in demand for dietary supplements.

The probiotics market size is expected to see rapid growth in the next few years. It will grow to $119.28 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to rising consumer interest in natural and functional foods, expanding aging population, expansion of e-commerce platforms, increasing awareness of the importance of gut health and digestion, increasing disposable incomes. Major trends in the forecast period include personalized probiotics, probiotic beverages, microbiome-based therapies, sustainability and eco-friendly packaging, genetically modified probiotics.

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Market Drivers and Trends:

The increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements is expected to foster the probiotics market growth going forward. Self-care has evolved into a necessary component of the modern consumer's lifestyle. Furthermore, the growing emphasis on holistic health and immunity has resulted in some substantial dietary modifications among consumers. The use of vitamins, minerals, immunity-boosting meals, organic products, supplements, and other nutritional supplements has increased significantly. Probiotics are used as a supplement form in food and beverages and provide health benefits to the human digestive system. For instance, according to a survey conducted by Habit Health and Nutrition, an India-based nutrition tech company in 2021, Indians want to make eating healthy a priority in order to improve their physical and mental health. Over 70% of those surveyed said they'll prioritize dietary adjustments to improve their overall health and immunity, as well as reduce stress and anxiety. Therefore, the increasing tendency of customers towards healthy foods drives the growth of the probiotics market.

Technological advancements have a key trend gaining popularity in the probiotic market. Major companies operating in the probiotics sector are focused on developing new technological solutions to improve the quality and life cycle of probiotic products. For instance, in April 2021, Cosmax NBT, a South Korea-based probiotics company launched Zeta probiotics technology which will help to preserve freeze-dried probiotics. Zeta Probiotics technology is a uniquely engineered freeze-drying technique that restores the cell walls and surface charges of probiotics. Freeze-drying probiotics, which can be used to change Delivery Formats, can harm goods and make them less effective in human digestion. To revive freeze-dried probiotics, Zeta probiotics technology uses a lysine-based combination. This increases their survivability in vitro under simulated gastric and duodenal stress.

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Major Key Players of the Market:

Probi AB, Nestle SA, Archer-Daniels-Midland Company, Danone SA, Yakult Honsha Co. Ltd., BioGaia AB, Esse Skincare Pty Ltd., L'Oreal SA, Glowbiotics LLC, TULA Skincare, Morinaga Milk Industry Co. Ltd., LaFlore Probiotic Skincare, Eminence Organic Skin Care, Estée Lauder Companies Inc., Aurelia London, Gallinee Microbiome Skincare, Biomilk Skincare, Lallemand Inc., Chr. Hansen Holding A/S, Kerry Group, Ganeden Inc., Lesaffre Group, Nutraceutix Inc., Bifodan A/S, DuPont Inc., International Flavors & Fragrances Inc., UAS Laboratories LLC, Synbiotech Inc., Nebraska Cultures Inc., Custom Probiotics Inc.

Probiotics Market 2024 Key Insights:

• The probiotics market size is expected to see rapid growth in the next few years. It will grow to $119.28 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
• Rising Consumer Embrace Of Healthy Eating And Nutrient-Rich Supplements Fuels Probiotics Market Growth
• Cutting-Edge Technological Advancements Transforming The Probiotic Market
• Asia-Pacific was the largest region in the probiotics market in 2023

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