Global Probiotics Market Poised to Reach USD 18.4 Billion by 2031 Amid Rising Health Awareness | TMR Study

The global probiotics market is witnessing a significant surge in demand, driven by increasing consumer awareness regarding health and wellness. Probiotics, which consist of live microorganisms such as bacteria and yeast, are widely used to enhance gut health and boost immunity. They are commonly found in fermented foods, dietary supplements, and functional beverages.

The rise in prevalence of digestive disorders, along with a growing geriatric population, has further accelerated the adoption of probiotic products. Consumers are actively seeking natural and organic health solutions, leading to substantial investments in research and development by key market players. Additionally, e-commerce platforms and online retailing have expanded accessibility, making probiotics more readily available across different demographics.

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Market Size and Growth

The global probiotics market was valued at US$ 9.2 billion in 2022 and is projected to grow at a CAGR of 8.0% from 2023 to 2031, reaching US$ 18.4 billion by the end of 2031. This impressive growth is attributed to factors such as increasing health consciousness, rising consumption of functional food and beverages, and continuous innovation in probiotic formulations.

Functional food products have gained substantial traction, particularly in the post-pandemic era, as consumers prioritize preventive healthcare measures. Governments and regulatory bodies are also supporting probiotic research, further strengthening the industry's expansion.

Competitive Landscape

The probiotics market is highly competitive, with several key players actively investing in product innovation, sustainability, and digital marketing strategies. Major companies operating in this sector include:

• Chr. Hansen Holding A/S
• BioGaia AB
• Probi AB
• Nestlé S.A.
• DuPont
• The Procter & Gamble Company
• ADM
• Lallemand Inc.
• Pfizer Inc.
• PharmaCare Laboratories
• Dr. Willmar Schwabe Group
• SymbioPharm GmbH

These companies are focusing on research and development of natural and organic probiotic products to align with evolving consumer preferences. Many have also embraced online retailing to enhance product reach and cater to a tech-savvy audience.

Market Segmentation

The probiotics market can be segmented based on product form, packaging type, and distribution channel:

1. Product Form:
• Dry probiotics (powder, granules, tablets)
• Liquid probiotics (beverages, dairy-based probiotics)

2. Packaging Type:
• Containers (jars, bottles)
• Sachets and pouches

3. Distribution Channel:
• Hypermarkets/Supermarkets
• Pharmacies/Drugstores
• Specialty Stores
• Online Retail

The dry probiotics segment is expected to dominate the market due to its stability, longer shelf life, and increasing product variants in powder and granule form.

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Regional Analysis

The global probiotics market is geographically diverse, with strong demand in multiple regions:

1. Europe: Europe is expected to hold the largest market share from 2023 to 2031, driven by the increasing adoption of functional foods and regulatory approvals for probiotics in food and dietary supplements. In January 2023, France approved the use of the term "probiotic" in food labeling, following Spain's approval in November 2020.

2. North America: The North American market is experiencing rapid growth, fueled by a surge in new functional food and beverage product launches. According to Mintel's Global New Products Database (GNPD), the U.S. witnessed 8,249 new product launches in this category between 2016 and 2020.

3. Asia-Pacific: The Asia-Pacific region is seeing robust growth due to rising consumer awareness, increasing disposable income, and widespread consumption of traditional probiotic-rich foods such as yogurt, kimchi, and kombucha. Countries like China, Japan, and India are expected to contribute significantly to market expansion.

Future Outlook

The future of the probiotics market looks promising, with a steady increase in demand for personalized nutrition solutions. Key trends shaping the industry include:

• Advancements in probiotic strains to enhance specific health benefits, such as improved immunity and cognitive function.

• Expansion of e-commerce and online retailing, making probiotics more accessible to global consumers.

• Sustainable and eco-friendly packaging solutions, in line with growing environmental concerns.

• Integration of artificial intelligence and biotechnology in probiotic research to develop innovative and targeted health solutions.

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