Probiotics Market Size, Share & Growth Analysis - Global Trends 2024-2031 | Leading key players - Koninklijke DSM N.V., Evolve BioSystems, Inc., Nature's Bounty Co.

The latest report published by DataM Intelligence highlights the growth prospects of Probiotics market. The industry expansion is majorly driven by developments in technology across the globe.

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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.

The Probiotics Market revolves around products containing beneficial live microorganisms that support gut health and overall well-being. These "good bacteria" are found in foods, supplements, and drinks, and are increasingly used to boost immunity and digestion. With growing awareness about natural health solutions, the demand for probiotics continues to rise across health-conscious consumers and the wellness industry.

Competitive Evaluation:

Companies covered in this report are 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.

The Probiotics Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On January 27, 2021, Wellbeing Nutrition (WBN), a prominent organic plant-based nutrition company in India, launched its clinically-studied Probiotic + Prebiotic product. This innovative offering is designed to address a variety of gut health issues, combining the benefits of both probiotics and prebiotics for improved digestive support and overall gut health.

On June 25, 2020, Novozymes announced the acquisition of PrecisionBiotics Group Limited, an Ireland-based company known for its strong portfolio in probiotics for human gut health. With clinically supported probiotic products already in the market, this strategic acquisition positions Novozymes to strengthen its presence in the human health segment, leveraging PrecisionBiotics' expertise and product pipeline to tap into the growing demand for gut health solutions.

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Probiotics Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Ingredient: Bacteria, Yeast.

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

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

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Probiotics market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ 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)

In terms of geographical analysis, Probiotics Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Probiotics industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

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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