Global Probiotics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global probiotics market size was estimated at USD 56.1 billion in 2020 and reach 106.4 billion by 2030 growing with a CAGR of 6.6% during the forecast period. Probiotics, when consumed in adequate amount, have desirable effects such as improved gut health and reduced intestinal inflammation. Probiotics play great role in preventive healthcare as they prevent the occurrence of disease by strengthening the immune system. Yeast is projected to be the fastest growing ingredients segment of probiotics.
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Market Dynamics and Factors:
Key drivers factor for probiotics market growth are the increasing use of high nutritional content in food due to increasing consumer awareness towards healthy diets. In Asia country particularly in Japan, increase in the ageing population has more opportunity for the sale of probiotics supplements. Probiotics market is driven by factors such as health benefits associate with food and technological advancement in probiotic products. One of the major restraints in probiotics market is international quality standards, regulation for probiotic product and R&D cost for developing new strains of probiotics.
Market Segmentation:
Global Probiotics Market – By Product
Food & Beverages
Dietary Supplements
Global Probiotics Market – By Ingredients
Bacteria
Yeast
Global Probiotics Market – By End-User
Human probiotics
Animal probiotics
Global Probiotics Market – By Distribution Channel
Hypermarkets/Supermarkets
Pharmacies/Drugstores
Specialty Stores
Online Stores
Global Probiotics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Asia pacific lead the global probiotics market share accounting to 41.7% in 2018 and it is followed by North America, Europe and rest of the world. The Asia pacific is projected to be the fastest growing market for the period considered for these study, due to rising in the disposable income and increase in demand for nutritional food product, with growing technology base leading to increase in demand of probiotics in these region. The rapid economic growth in economic such as China, Japan and India have led to significant increase in the disposable incomes of livestock owners. These factor driving the demand for probiotic based food, making the Asia pacific the fastest growing region with CAGR of 9.6% during the forecast period. The North America market of probiotics products is forecast to reach USD17.28 billion by 2026 growing at a CAGR of 6.3% during forecast period. Factor responsible for these is lead to digestive disorders, bloating and reduction in resistance to infections including poor and untimely diet, age and stress levels. Europe probiotics market is posed to reach USD 15.62 billion by 2026 by a CAGR of 5.35%.
Competitive Scenario:
Some of the key player operating in global probiotics industry are Yakult Honsha Co. Ltd., Lifeway foods Inc., Nestle S.A., Ganeden Inc., Arla Foods Inc., Lallemand Inc., Chr. Hansen, Groupe Danone, PepsiCo Inc.(Kvita), Kerry Inc. and Post Holding Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Probiotics industry, although key threats, opportunities and disruptive technologies that could shape the Global Probiotics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Probiotics Market most.
The data analysis present in the Global Probiotics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Probiotics Market business.
The 2021 Annual Global Probiotics Market offers:
100+ charts exploring and analysing the Global Probiotics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Probiotics Market type
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