Probiotics Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Ingredient Coverage, Application Coverage, End Use Coverage, Geographic Coverage and By Company)

Global probiotics market valuation poised to take a leap from US$52.1 Bn in 2022 to US$98.6 Bn in 2030

• Perceived Health Benefits: Probiotics are associated with immune system support, making them highly sought after, especially in the wake of health emergencies like the COVID-19 pandemic. Consumers view probiotics as a proactive strategy to maintain health and prevent diseases.
• Swelling Market for Probiotic Supplements: Probiotic supplements are gaining popularity due to their convenience and suitability for individuals who may not regularly consume probiotic-rich foods. Personalized probiotic supplements are also on the rise.
• Pacing R&D Around Probiotics: Research and development efforts are focused on enhancing probiotic formulations for improved viability and stability. Synbiotic products that combine probiotics and prebiotics are gaining traction.

• Limited Scientific Understanding: The lack of specificity in understanding how different probiotic strains work can be challenging for consumers and healthcare professionals in selecting the most suitable probiotics for specific health concerns.
• High Expenses in R&D: The high costs associated with research and development of new probiotic strains can hinder innovation and result in higher product costs for consumers.

• Personalized Probiotics: Personalized probiotics tailored to address specific health issues are expected to gain popularity, increasing consumer engagement and brand loyalty.
• Probiotics in Mental Health: Growing awareness of the connection between gut health and mental health is driving the use of probiotics as supplements to alleviate anxiety, stress, and depressive symptoms.
• Rise of Plant-based Probiotics: As more consumers adopt plant-based diets, the demand for plant-based probiotics is increasing, catering to vegans, vegetarians, and those with lactose intolerance or dairy allergies.

• Asia Pacific: Asia Pacific is set to dominate the probiotics market, with countries like China, Japan, India, Australia, and New Zealand leading the way. Consumer awareness of the health benefits of probiotics, particularly in Japan, is a significant driver.
• North America: North America is expected to experience rapid growth in the probiotics market, with established functional food and beverage markets and a strong presence of probiotic products. Regulatory oversight from agencies like the U.S. FDA and Health Canada ensures product safety and quality.

Leaders in the Global Probiotics Market:

• DANONE
• Chr. Hansen
• Nestle
• PepsiCo Inc.
• Lifeway Foods Inc.
• Yakult Honsha Co. Ltd.
• BioGaia AB
• Kerry
• General Mills Inc.
• Arla Foods
• Probi AB
• DuPont De Nemours, Inc.
• i-Health, Inc.
• Lallemand Inc.
• Mother Dairy Fruit & Vegetable Pvt. Ltd.