Report Id: SNS/F&B/1357 | May 2022 | Region: Global | 125 Pages
Probiotics Market Overview:
The Probiotics market size was esteemed at $36.9 billion in 2021 and is projected to reach $64.2 billion by 2028, enrolling a CAGR of 8.23%.
Probiotics are microscopic organisms and yeast that assist people and creatures with keeping a sound microbial equilibrium in their digestion tracts. Probiotics are microscopic organisms that advance the body's stomach-related juices and catalysts, guaranteeing proper absorption. Orally or as an enhancement, they can be utilized. Probiotics likewise safeguard great microscopic organisms from possibly hazardous microorganisms. Probiotics are at present being used to distinguish and treat mental issues and stomach-related and neurological problems. They additionally help the safe framework, shield proteins and lipids from oxidative harm, and kill diseases in the body.
The worldwide interest in probiotics is expanding fundamentally because of medical advantages related to probiotic-invigorated food varieties, the multifunctionality of probiotics, and the rising utilization of probiotics in food sources because of the rising purchaser mindfulness connected with solid weight control plans. The interest for probiotics in invigorated food sources is projected to stay high because of the rising mindfulness about their advantages, and the readiness of buyers to buy premium items integrated with probiotics.
Rising wellbeing cognizance among customers.
High R&D costs for growing new probiotic strains.
Expansion sought after for probiotics in created economies.
Purchaser consciousness of medical advantages related to the utilization of probiotic items is the central point.
The narrow-mindedness of probiotics to stomach corrosive and bile.
Impact of Covid-19:
Because of the COVID-19 pandemic, the market saw a flood popular for items that give invulnerability, which is probably going to decidedly affect the probiotics market. Attributable to such factors, critical item dispatches are happening to take care of the developing interest. In Asia-Pacific, India saw the biggest number of new foods, beverages, and enhancements that bear insusceptible framework helping claims sent off over the most recent five months, trailed by Australia and Indonesia. For example, in April 2020, Melaka Australia, the auxiliary of ASX-recorded Eve Investment, sent off another item, Melaka honey, and probiotic tonic. It is the first of its sort in the homegrown market, according to the organization's case.
Key Market Segmentation:
Food & Beverages
Based on work, the probiotics market is divided into customary, precautionary medical services, and restorative medical services. According to the application, it is isolated into food and refreshment, dietary enhancement, and creature feed. According to the end client, it is bifurcated into human and creature. Locale-wise, the probiotics market is investigated across North America, Europe, Asia-Pacific, and LAMEA.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
In 2020, Asia-Pacific is supposed to order the biggest portion of the general probiotics market. The enormous portion of this market is principally ascribed to the rising customer mindfulness about stomach-related wellbeing, developing diabetic and overweight populace, and rising advancements in probiotic plans. Likewise, the rising pattern across the Asia-Pacific district for non-dairy probiotic food (eat-based products of the soil juices) and the presence of vital participants are further supporting the development of this market in the area.
Probi AB, BioGaia AB, Nestlé S.A., Chr. Hasen Holding A/S, Danone S.A., Yakult Honsha Co., Ltd., Lallemand Inc., Lifeway Foods Inc., Dupont de Nemours, Inc., Kerry Group plc, Archer Daniels Midland Co.
|Market Size in 2021||US$ 36.9 Billion|
|Market Size by 2028||US$ 64.2 Billion|
|CAGR||CAGR 8.23% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product (Probiotic Food & Beverages, Probiotic Dietary Supplements)
• by Ingredient (Bacteria, Yeast)
• by End Use
• by Distribution Channel
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||robi AB, BioGaia AB, Nestlé S.A., Chr. Hasen Holding A/S, Danone S.A., Yakult Honsha Co., Ltd., Lallemand Inc., Lifeway Foods Inc., Dupont de Nemours, Inc., Kerry Group plc, Archer Daniels Midland Co.|
|Key Drivers||•Rising wellbeing cognizance among customers.|
|Restraints||•High R&D costs for growing new probiotic strains.|
Frequently Asked Questions (FAQ) :
Ans: Asia has the biggest offer in the Probiotics market.
Ans: Probi AB, BioGaia AB, Nestlé S.A., Chr. Hasen Holding A/S, Danone S.A., Yakult Honsha Co., Ltd., Lallemand Inc., Lifeway Foods Inc., Dupont de Nemours, Inc., Kerry Group plc, Archer Daniels Midland Co. are the key players in the Probiotics market.
Ans: The base year calculated in the Probiotics Market report is 2021.
Ans: High R&D costs for growing new probiotic strains and the narrow-mindedness of probiotics to stomach corrosive and bile are the restrains/challenges faced by the Pine-Derived Chemicals market.
Ans: The worldwide probiotics market size was esteemed enrolling a CAGR of 8.23%.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Probiotics Market Segmentation, based on Ingredient
9. Probiotics Market Segmentation, based on Function
9.2 Preventative Healthcare
10. Probiotics Market Segmentation based on Application
10.1 Food & Beverages
10.2 Dietary Supplements
10.3 Animal Feed
11. Probiotics Market Segmentation, based on End Use
11.1 Human Probiotics
11.2 Animal Probiotics
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Probi AB
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 BioGaia AB
13.3 Nestlé S.A.
13.4 Chr. Hasen Holding A/S
13.5 Danone S.A.
13.6 Yakult Honsha Co. Ltd.
13.7 Lallemand Inc.
13.8 Lifeway Foods Inc.
13.8 Dupont de Nemours Inc.
13.10 Kerry Group plc
13.11 Archer Daniels Midland Co.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.