Report Scope & Overview:
Probiotics Market size was esteemed at USD 39.93 billion in 2022 and is projected to reach USD 75.18 billion by 2030, 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 2022||US$ 39.93 Billion|
|Market Size by 2030||US$ 75.18 Billion|
|CAGR||CAGR 8.23% From 2023 to 2030|
|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.|
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
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
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
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