#Probiotics Market
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https://carbonfacesocial.org/blogs/54997/Probiotics-Market-Analysis-Size-Share-and-Forecast-2031
The Probiotics Market in 2023 is US$ 62.61 billion, and is expected to reach US$ 118.66 billion by 2031 at a CAGR of 8.30%.
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Probiotics Market by Strain (Bacillus), by Product Type (Dairy Food {Yogurt}, Baked Food}, Animal Feed), By Form (Liquid), By Sales Channel (Super Markets, Pharmacies), By End-User (Human {Adults, Senior}, Animal), and Geography - Global Forecast To 2027
#Probiotics Market#probiotics#gut health#gut microbiome#digestivehealth#food#food and nutrition#food and beverages#nutrition
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Global Probiotics Market Is Estimated To Witness High Growth Owing To Increasing Consumer Awareness About Gut Health
The global probiotics market is estimated to be valued at US$ 58.9 billion in 2022 and is expected to exhibit a CAGR of 8.3% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Probiotics are live bacteria and yeast that are beneficial for human health, especially for digestion and the immune system. These microorganisms are available in certain foods and supplements, and have gained immense popularity due to their potential health benefits. Probiotic products, such as yogurt, kefir, and kombucha, have become increasingly popular as consumers become more aware of the importance of maintaining a healthy gut microbiome. Probiotics help restore the natural balance of bacteria in the gut, aiding in digestion, boosting the immune system, and promoting overall well-being.
B) Market key trends:
One key trend in the global Probiotics Market is the increasing consumer awareness about gut health. Research has shown that a healthy gut microbiome is essential for maintaining overall health and well-being. Rising health consciousness among consumers and the growing prevalence of gastrointestinal disorders have led to an increased demand for probiotic products. Furthermore, with the COVID-19 pandemic highlighting the significance of a strong immune system, there has been a surge in demand for products that support immune health, such as probiotics. For instance, companies like BioGaia AB and Lifeway Foods, Inc. have witnessed a significant increase in sales of their probiotic products during the pandemic.
C) PEST Analysis:
Political: Governments worldwide are increasingly promoting the consumption of probiotics through awareness campaigns and initiatives. For example, the Japanese government has designated June 1st as "Lactic Acid Bacteria Day" to promote the benefits of probiotics. This political support is expected to drive the growth of the probiotics market.
Economic: Rising disposable incomes and increasing purchasing power of consumers in developing countries have contributed to the growth of the probiotics market. Probiotic products are often premium-priced, and consumers are willing to spend more on health and wellness products.
Social: Changing consumer lifestyles and dietary preferences, along with a growing focus on preventive healthcare, have fueled the demand for probiotic products. Moreover, the influence of social media and word-of-mouth recommendations has also played a significant role in driving consumer awareness about probiotics.
Technological: Advancements in probiotic technology, such as microencapsulation and strain-specific probiotics, have improved product stability and efficacy. This has led to the development of a wide range of probiotic products, including supplements, functional foods, and beverages.
D) Key Takeaways:
The global probiotics market is expected to witness high growth, exhibiting a CAGR of 8.3% over the forecast period, due to increasing consumer awareness about gut health. The growing prevalence of gastrointestinal disorders and the demand for immune health support have further fueled the market growth.
The Asia-Pacific region is expected to be the fastest-growing and dominating region in the global probiotics market. Increasing health consciousness, a large population base, and a rich tradition of fermented foods in countries like China and Japan have contributed to the high demand for probiotic products in this region.
Key players operating in the global probiotics market include BioGaia AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB, Lifeway Foods, Inc., Mother Dairy, General Mills, Inc., China-Biotics, Inc., Yakult Honsha Co., Ltd., and E. I. du Pont de Nemours and Company. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence and gain a competitive edge.
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#Probiotics Market#Probiotics Market size#Probiotics Market share#Probiotics Market trends#Probiotics Market analysis#Probiotics Market forecast#Probiotics Market outlook#Probiotics Market overview
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Probiotics Market: Cultivating Health and Growth
Introduction
In a world where wellness and health take center stage, the probiotics market has emerged as a shining star, offering a holistic approach to nourishing our bodies. With an ever-increasing emphasis on gut health and overall well-being, the probiotics market has experienced remarkable growth and transformation. In 2022, the probiotics market reached an impressive value of approximately $57.1 billion. The journey continues with an anticipated compound annual growth rate (CAGR) of 8.20% during the forecast period of 2023-2028, propelling the market to a projected value of $91.4 billion by 2028. This growth speaks to the profound impact probiotics have on consumer choices and their commitment to embracing healthier lifestyles.
Understanding Probiotics
Probiotics, often referred to as "good bacteria," are live microorganisms that provide a range of health benefits when consumed in adequate quantities. These beneficial microbes primarily reside in the gut and play a crucial role in maintaining digestive health, immune function, and overall balance within the body. The diverse applications of probiotics extend beyond gut health, influencing areas such as skin health, mental well-being, and even oral health.
Get a Free Sample Report - Probiotics Market Sample Report 2023-2028
Factors Fueling Growth
Rising Health Awareness: An increasing awareness of the importance of maintaining good health has driven consumers to explore ways to enhance their well-being. Probiotics offer a natural and holistic approach to achieving optimal health, aligning with the wellness aspirations of today's consumers.
Gut-Health Revolution: The growing recognition of the gut's role in overall health has been a major catalyst for the probiotics market's growth. Consumers are turning to probiotics to address digestive issues, alleviate discomfort, and optimize gut function.
Functional Foods and Beverages: Probiotics have made their way into a variety of food and beverage products, including yogurt, kefir, kombucha, and even functional snacks. The integration of probiotics into everyday foods has made it convenient for consumers to incorporate these beneficial microbes into their diets.
Scientific Research: Ongoing scientific research has unveiled the diverse benefits of probiotics. From supporting immune function to promoting mental well-being, the expanding body of evidence continues to drive consumer interest and market growth.
Personalized Nutrition: The concept of personalized nutrition has gained traction, and probiotics play a pivotal role in this approach. Consumers are seeking tailored solutions for their health needs, and probiotics provide a customizable avenue to address individual health goals.
Challenges and Opportunities
Strain-Specific Efficacy: The efficacy of probiotics is often strain-specific, meaning different strains have varying effects on health. Navigating this complexity is a challenge for both consumers and manufacturers.
Regulatory Considerations: Regulations and standards for probiotic products can vary across regions, influencing product labeling, health claims, and marketing strategies.
Competition and Differentiation: As the market grows, competition among manufacturers intensifies. Brands need to differentiate themselves through innovation, unique formulations, and transparent communication with consumers.
Future Outlook
The probiotics market, with its robust growth and unwavering consumer interest, stands poised to shape the future of health and wellness. As we look ahead to the next decade, several trends and developments are expected to define the evolution of the probiotics market:
Research-Backed Innovation
Scientific research into the intricate workings of the human microbiome is likely to result in more targeted and effective probiotic formulations. The identification of specific strains that contribute to various health benefits will drive a new wave of innovation, enabling manufacturers to create products tailored to individual needs.
Precision Nutrition
Advancements in technology, including microbiome analysis and genetic testing, will usher in an era of precision nutrition. Consumers will have access to personalized probiotic recommendations based on their unique gut profiles, dietary habits, and health goals. This personalized approach will enhance the efficacy of probiotics and streamline consumers' journey toward better health.
Top Key Players of Probiotics Market
Chr. Hansen Holding A/S: A global leader in probiotic solutions, Chr. Hansen offers a wide range of probiotic strains for various applications, including dietary supplements, dairy products, and infant nutrition. The company's commitment to research and innovation has solidified its position in the market.
Yakult Honsha Co., Ltd.: Renowned for its signature probiotic drink, Yakult has become synonymous with probiotics in many markets. The company's dedication to promoting digestive health through science-backed products has earned it a strong global presence.
Danone S.A.: A multinational food company, Danone, through its subsidiary Danone North America, offers probiotic-enriched products such as yogurt and dairy-based beverages. Danone's probiotics division focuses on advancing gut health and overall well-being.
Nestlé S.A.: Nestlé's health and nutrition portfolio includes probiotic products that cater to various age groups. The company's emphasis on innovation, research, and collaboration with scientific experts contributes to its prominence in the probiotics market.
Probi AB: Specializing in research-driven probiotic solutions, Probi AB collaborates with partners across industries to develop innovative products. The company's expertise spans areas such as digestive health, immune support, and women's health.
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Asia Pacific is expected to witness the highest growth in the probiotics market during the forecast period...
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Probiotics are microorganisms primarily bacteria or yeast which when ingested helps to boost immunity in the host; these micro floral colonize in the colon and defend the host from harmful bacteria.
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Probiotics Market - Forecast (2023 - 2028)
Probiotics are microorganisms primarily bacteria or yeast which when ingested helps to boost immunity in the host; these micro floral colonize in the colon and defend the host from harmful bacteria. In conventional form probiotics are found in fermented products such as Yogurt and Pickle; with advancements in biotechnology the probiotics strains are cultured in isolation and introduced in dietary supplements and functional foods and beverages. Global probiotic market is poised to exhibit a CAGR of 5.6% through 2020. The Probiotics Market has been segmented on the basis of applications such as functional food & beverages, dietary supplements, and animal feed. The study segments Probiotics Market on the basis of type of micro-organisms such as Lactobacillus, Bifidobacteria, Streptococcus and Saccharomyces boulardii.
#probiotics market#probiotics market size#probiotics market share#probiotics market forecast#probiotics market report#Bifidobacteria#Streptococcus
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Probiotics Market Dynamics: Examining the Factors Driving the Global Probiotics Industry
Probiotics are live microorganisms, such as bacteria or yeasts, that, when consumed in adequate amounts, provide health benefits to the host. They are commonly found in fermented foods and dietary supplements. Probiotics are known to promote a healthy balance of gut bacteria, improve digestion, enhance immune function, and support overall well-being. These beneficial microorganisms have gained popularity due to their potential to positively influence various aspects of human and animal health.
The probiotics market refers to the industry involved in the production, distribution, and sales of probiotic products. Probiotics are live microorganisms that, when consumed in adequate amounts, provide health benefits to the host. These beneficial bacteria and yeasts are commonly found in fermented foods like yogurt, kefir, sauerkraut, and kombucha, as well as in dietary supplements.
Here is some comprehensive information about the probiotics market:
Market Overview: The probiotics market has witnessed significant growth in recent years due to the increasing awareness of the health benefits associated with probiotic consumption. Probiotics have been linked to various health benefits, such as improved digestion, enhanced immune function, and better gut health. As a result, the demand for probiotic products has surged across different demographic segments.
Market Drivers: Several factors are driving the growth of the probiotics market. These include:
Increasing consumer interest in preventive healthcare and natural remedies.
Rising awareness about the importance of gut health and its impact on overall well-being.
Growing research and scientific studies supporting the efficacy of probiotics.
Expansion of the functional food and dietary supplements industries.
Rising prevalence of digestive disorders and other health conditions that can be addressed by probiotics.
Market Segmentation: The probiotics market can be segmented based on various factors, including product type, application, end-use, and distribution channel.
Product Type: a. Bacteria: Lactobacillus, Bifidobacterium, Streptococcus, etc. b. Yeast: Saccharomyces boulardii, Candida, etc.
Application: a. Food and Beverages: Yogurt, fermented milk, probiotic drinks, etc. b. Dietary Supplements: Capsules, tablets, powders, etc. c. Animal Feed: Probiotic supplements for livestock and pets.
End-use: a. Human Probiotics: Consumer goods for human consumption. b. Animal Probiotics: Probiotic products for animal health and nutrition.
Distribution Channel: a. Supermarkets and Hypermarkets b. Health Food Stores c. Online Retailers d. Pharmacies and Drugstores
Regional Analysis: The probiotics market has a global presence, with significant market share in regions such as North America, Europe, Asia Pacific, and Latin America. North America and Europe are mature markets for probiotics, driven by high consumer awareness and a strong presence of key market players. The Asia Pacific region, particularly countries like China, Japan, and India, is experiencing rapid market growth due to the increasing adoption of Western dietary patterns and a growing focus on preventive healthcare.
Key Players: The probiotics market is highly competitive, with numerous players operating at global, regional, and local levels. Some of the key players in the market include BioGaia AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB, Lifeway Foods, Inc., Mother Dairy, General Mills, Inc., China-Biotics, Inc., Yakult Honsha Co., Ltd., and E. I. du Pont de Nemours and Company
Future Outlook: The probiotics market is expected to continue its growth trajectory in the coming years. Factors such as ongoing research and development, expanding applications in various industries, and increasing consumer demand for natural and functional products are likely to drive market expansion. Additionally, the integration of probiotics in personalized nutrition and the development of advanced delivery systems are expected to create new opportunities for market players.
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Probiotics Market: Innovation Trends & Competitive Analysis
By Shreya Jadhav
With the rising incidence of digestive health issues and weight management problems, a number of healthcare professionals are recommending probiotics to patients. They contain live strains of microorganisms and confer health benefits when administered to a host in adequate quantity. Yogurt, sauerkraut, kombucha, and kefir, as well as company-manufactured capsules, chewing gums, bottled drinks, etc., are common foods containing these microbiota.
Probiotics are also largely recommended to treat women’s urogenital health issues. Besides, they have demonstrated to benefit those affected by chronic illnesses like high serum cholesterol, allergies, and even cancer, and are thus witnessing increased demand. Triton Market Research evaluates the global probiotics market to develop with a CAGR of 9.09% over the forecast period, 2022-2028.
An Insight into Top-performing Market Segments
Bacteria to show the fastest growth in the Strain segment with a 9.18% CAGR
Compared to yeast strains, bacteria strains are easier to modify genetically in order to obtain the required functionality, and therefore, witness increased demand. In 2020, China approved three new strains, Bifidobacterium infantis R0033, Bifidobacterium bifidum R0071, and Lactobacillus helveticus R0052, by Lallemand Health Solutions for use in infant foods.
Veterinary Feed to show the fastest growth in the End-use segment with a 10.96% CAGR
With the growing meat consumption worldwide, probiotics are increasingly being administered to chicken, swine, aquaculture, etc., in the form of animal feed to enhance their health and ensure food safety. In November 2020, Germany-based Evonik’s Animal Nutrition business vertical launched Ecobiol® Fizz, a probiotic tablet for chickens.
Market Players Amp their Game with Growth Strategies
Acquisitions emerge as a Leading Strategy
The studied market is rife with opportunities as consumer demand across the world has heightened substantially. Several companies are thus acquiring other players as part of their strategic expansion plans to consolidate their product portfolios. For instance, in July 2021, Ireland-based Kerry Group completed the acquisition of Spain-based Biosearch Life to expand its product portfolio with Hereditum® probiotic strains. Further, in August 2021, Denmark-based Novozymes acquired United States-based Microbiome Labs, which boasts of a vast portfolio of probiotic solutions.
Novel Approach for Product Delivery
When consumed directly, probiotics are prone to losing their efficacy in the stomach environment before reaching the digestive tract. As a result, manufacturers have innovated techniques like microencapsulation, which entails encasing probiotic cells inside an optimal protective material to preserve their viability during gastrointestinal transit. In January 2020, Biotech Consortium India Limited announced its plans to commercialize this encapsulation technique to increase products’ shelf life.
Growing use of Online Channels
Consumers largely gravitated toward online sales channels as an effect of the COVID-19 pandemic. Numerous manufacturers thus turned to e-commerce platforms like Walmart, Amazon, LuckyVitamin, Shopee, Nutrabay, and others, to reach their target consumer base. In fact, Jarrow Formulas Inc, which offers probiotic nutritional supplements, only operates as an online distribution mode and has no physical stores. Discounts, special offers, and the convenience of home delivery are some factors expected to drive the growth of this segment.
Notable Trend – Development of Innovative Product Formulations
Companies are playing the field by combining robust innovation with top-notch manufacturing and formulation capabilities. Probiotic foods, beverages, and dietary supplements are now available in the form of ice creams, candies, lozenges, chocolates, milk substitutes, drops, powders, sachets, specialized baby formulas, and other novel formats.
A recent notable development has been the formulation of products using FastMelt technology. Probi Fast Melt probiotic stick is one such product, which can be ingested without water, by dissolving in saliva. The rise in cutting-edge formulations is thus steering the market towards growth.
Widening Applications – Key for Future Growth
With the growing popularity of probiotics, the beauty industry has not been far behind in leveraging the benefits of these healthy microorganisms. Consequently, an arsenal of cosmetic & skincare products – from cleansers and moisturizers to masks and serums – packed with freeze-dried friendly bacteria, are widely available in the market. These products help strengthen the skin’s barrier, soothe inflammation, and even diminish acne.
Further, psychobiotics, a type of probiotics specifically formulated to boost people’s mental health, are also witnessing demand. These substances stimulate the production of neurotransmitters, anti-inflammatory cytokines, short-chain fatty acids, and enteroendocrine hormones. They are used in a range of applications, from stress reduction and mood enhancement to anxiety relief and neurodevelopment. The far-ranging applications paint a positive picture for the future of the probiotics market.
FAQs:
Q 1) Which are the main segments covered in the probiotics market?
Strain, Diet Preference, Sales Channel, and End-use are the main segments covered in the probiotics market.
Q 2) Which is the dominant region in the global probiotics market?
The Asia-Pacific is the dominant region in the global market, with the largest market share in 2021 and the fastest expected growth rate during the forecast period.
#probiotics market#probiotics#consumer good and services#personal care products industry#triton market research#market research trends
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https://rollbol.com/blogs/1793814/Probiotics-Market-Analysis-Size-Share-and-Forecast-2031
The Probiotics Market in 2023 is US$ 62.61 billion, and is expected to reach US$ 118.66 billion by 2031 at a CAGR of 8.30%.
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Probiotics Market by Strain (Bacillus), by Product Type (Dairy Food {Yogurt}, Baked Food}, Animal Feed), By Form (Liquid), By Sales Channel (Super Markets, Pharmacies), By End-User (Human {Adults, Senior}, Animal), and Geography - Global Forecast To 2027
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The market research on global probiotics market published by adroit market research, comprises of a detailed research of the market from 2015 to 2025. Including factors such as market drivers, challenges and opportunities.
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