Press release
Rising Trends: Probiotics Market Set to Garner $132.78 Billion by 2029 with CAGR of 11.2%
Delve into the robust growth of the global probiotics market, driven by rising consumer interest in natural and functional foods, expansion of e-commerce, and increasing disposable incomes.What Is The Projected Market Size Of The Global Probiotics Market And Its Growth Rate?
Shaping a remarkable curve of growth, the global probiotics market presents impressive statistics:
• The market size burgeoned to $79.57 billion in 2024.
• Not stopping there, it is forecasted to rocket to $86.81 billion in 2025, growing at a CAGR of 9.1%.
• Underpinning this growth is the rise in prevalence of digestive disorders, the shift towards preventive healthcare, and burgeoning cosmetics sector among other factors.
• The exponential growth is set to continue, with the market size slated to reach $132.78 billion in 2029 at a healthy CAGR of 11.2%.
What Is Driving The Growth In The Probiotics Market?
The probiotics market is nourished by growing consumer propensity towards healthy foods and nutrient-rich dietary supplements. The health revolution taking center stage in modern consumer lifestyles is substantiating the market growth. Vitamins, minerals, immunity-boosting meals, and supplements have become inherent components of the consumer diet. For example, a 2023 survey by the Council for Responsible Nutrition revealed that 74% of U.S. adults are turning to dietary supplements. The burgeoning confidence of consumers in sports nutrition and weight management supplements goes to show that the upward trajectory of probiotics market is far from over.
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Who Are the Key Players Driving Probiotics Market Growth?
Powering the robust growth of probiotics market are:
• 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.
What Are The Key Trends In The Probiotics Market?
The probiotics market is riding on major trends such as:
• Personalized probiotics.
• Probiotic beverages.
• Microbiome-based therapies.
• Sustainability and eco-friendly packaging.
• Genetically modified probiotics.
What Are The Segments Of The Global Probiotics Market?
The probiotics market is classified into the following segments:
• By Form: Liquid, Dry.
• By Ingredient: Bacteria, Yeast.
• By Application: Food and Beverages, Dietary Supplements, Animal Feed.
• By End User: Human, Animal.
• By Distribution Channel: Hypermarkets Or Supermarkets, Pharmacies Or Health Stores, Convenience Stores, Online Retail, Other Distribution Channels.
Which Region Leads The Probiotics Market?
Holding the crown for the largest probiotics market in 2024, Asia-Pacific is setting the pace for the global market. The growth in this region and others including Western Europe, Eastern Europe, North America, South America, Middle East and Africa is powered by rising consumer interest in gut health and digestion backed by increasing disposable incomes.
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What Is Covered In The Probiotics Market Global Market Report?
- Market Size Analysis: Analyze the Probiotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Probiotics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Probiotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Probiotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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