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The Probiotics Market size was valued at USD 43.22 billion in 2023 and is expected to reach USD 88.06 billion by 2032 and grow at a CAGR of 8.23% over the forecast period of 2024-2032.
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.
Driving Factor:
Rising wellbeing cognizance among customers.
Restraining factor:
High R&D costs for growing new probiotic strains.
Opportunities:
Expansion sought after for probiotics in created economies.
Purchaser consciousness of medical advantages related to the utilization of probiotic items is the central point.
Challenges:
The narrow-mindedness of probiotics to stomach corrosive and bile.
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.
By Ingredient:
Bacteria
Yeast
By Function:
Regular
Preventative Healthcare
Therapeutic
By Application:
Food & Beverages
Dietary Supplements
Animal Feed
By End-Use:
Human Probiotics
Animal Probiotics
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.
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The 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
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.
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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.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 43.22 Billion |
Market Size by 2030 | US$ 88.06 Billion |
CAGR | CAGR 8.23% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Probiotics Market Segmentation, based on Ingredient
8.1 Bacteria
8.1 Yeast
9. Probiotics Market Segmentation, based on Function
9.1 Regular
9.2 Preventative Healthcare
9.3 Therapeutic
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
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Probi AB
13.1.1 Financial
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
15. Conclusion
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