Probiotics Market Scope & Overview

The Probiotics Market was valued at USD 39.93 billion in 2022 and is expected to reach USD 75.18 billion by 2030, with a compound annual growth rate (CAGR) of 8.23%. This significant growth projection highlights the increasing demand and potential of the probiotics industry.

Probiotics Market, which are live microorganisms that provide health benefits when consumed, have gained immense popularity in recent years. The market's upward trajectory can be attributed to several factors, including growing consumer awareness about the importance of gut health and the positive impact of probiotics on overall well-being.

The rising prevalence of digestive disorders, such as irritable bowel syndrome and inflammatory bowel disease, has also fueled the demand for probiotics. Additionally, the increasing adoption of probiotics in animal feed to enhance livestock health and productivity has further contributed to market growth.

Furthermore, the expanding application of probiotics in various industries, including food and beverages, dietary supplements, and pharmaceuticals, has opened up new avenues for market players. Manufacturers are constantly innovating and developing new probiotic products to cater to the evolving consumer preferences and requirements.

Geographically, North America currently dominates the probiotics market, owing to the region's high consumer awareness and the presence of key market players. However, the Asia Pacific region is expected to witness substantial growth during the forecast period, driven by the increasing disposable income, changing dietary patterns, and growing health consciousness among consumers.

In conclusion, the probiotics market is poised for remarkable growth in the coming years. With the rising focus on preventive healthcare and the growing understanding of the benefits of probiotics, the market presents lucrative opportunities for industry participants. As the demand for probiotic products continues to surge, companies must stay ahead of the curve by investing in research and development, strategic partnerships, and effective marketing strategies to capitalize on this thriving market.

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Major Key Players Included are:

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 Segmentation & Sub-segmentation included are:

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

Table of Contents

1.Introduction

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 on Major Economies

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

10.Probiotics Market Segmentation based on Application

11.Probiotics Market Segmentation, based on End Use

12.Regional Analysis

13.Company Profiles

14.Competitive Landscape

15.Conclusion

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