Probiotics Market Segmentation and Expansion Opportunities through 2024-2031 | Lifeway Foods, Inc., Danone S.A, Yakult Honsha Co., Ltd.

The Global Probiotics Market reached USD 62.4 billion in 2022 and is expected to reach USD 108.0 billion by 2031 and is expected to grow with a CAGR of 7.1% during the forecast period 2024-2031.

Probiotics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Probiotics Market revolves around beneficial live microorganisms that support gut health, immunity, and overall well-being. Growth is fueled by rising consumer awareness, demand for functional foods, and increasing research on gut microbiota. Innovations in strain development, delivery formats, and personalized probiotics are expanding applications in dietary supplements, dairy, pharmaceuticals, and animal nutrition.

List of the Key Players in the Probiotics Market:

Koninklijke DSM N.V., Evolve BioSystems, Inc., Nature's Bounty Co., Lifeway Foods, Inc., Danone S.A, Yakult Honsha Co., Ltd., BioGaia AB, CHR. Hansen Holding A/S, Lallemand Inc., and The Procter & Gamble Company.

Industry Development:

On January 27, 2021, Wellbeing Nutrition (WBN), India's leading organic plant-based nutrition company, introduced Probiotic + Prebiotic, a clinically-studied, plant-based supplement designed to support gut health and address digestive issues naturally.

On February 18, 2021, Probi, a leading probiotics company, partnered with Perrigo, a major player in over-the-counter health and wellness, through a semi-exclusive agreement to expand premium probiotic solutions across 14 European countries. Under this partnership, Perrigo launched three probiotic dietary supplements featuring scientifically-backed probiotic strains from Probi, aimed at enhancing digestive and immune health.

Growth Forecast Projected:

The Global Probiotics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Probiotics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Probiotics Market:

By Ingredient: Bacteria, Yeast.

By Application: Functional Food and Beverages, Fermented Vegetables, Dietary Supplements, Animal Feed.

By Distribution Channel: Online, Hypermarkets and Supermarkets, Drug Stores, Others.

Regional Analysis for Probiotics Market:

The regional analysis of the Probiotics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Probiotics market?

➠ Who are the leading manufacturers in the global Probiotics industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Probiotics industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Probiotics market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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