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Probiotics - Global Strategic Business Report

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    Report

  • 283 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338403

Global Probiotics Market to Reach $91.7 Billion by 2030

The global market for Probiotics estimated at US$59.3 Billion in the year 2022, is projected to reach a revised size of US$91.7 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Bacteria, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$70.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Yeast segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.2 Billion, While China is Forecast to Grow at 9.2% CAGR

The Probiotics market in the U.S. is estimated at US$16.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$20.1 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 226 Featured) -

  • BioGaia AB
  • Bright Food (Group) Co., Ltd.
  • China-Biotics Inc.
  • Chobani, LLC
  • Chr. Hansen Holding A/S
  • DuPont Nutrition & Health
  • Garden of Life LLC
  • General Mills
  • Groupe Danone SA
  • Gujarat Cooperative Milk Marketing Federation (AMUL)
  • Hangzhou Wahaha Group
  • Kirkman Group
  • Meiji Holdings Co., Ltd.
  • Natren, Inc.
  • Nestlé S.A.
  • Probi AB
  • Renew Life
  • Seven Seas Ltd.
  • Valio Ltd.
  • Yakult Honsha Co., Ltd.


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Probiotics: Harnessing the Huge Potential of the Human Microbiome in Transforming Health and Wellness
  • Recent Market Activity
  • Myriad Benefits of Good Bacteria-Enriched Probiotics Drive Widespread Adoption
  • Select Probiotic Bacteria and their Area of Benefit
  • Growing Prominence of Functional Foods in Effective Maintenance of General Health: The Fundamental Growth Driver
  • Biopolymers for Stabilization of Probiotics in Foods
  • Sales of Mood Enhancing and Brain Health Probiotic Food Products Gain Momentum
  • Probiotics: The Preferred Ingredient for Digestive Health Related Food & Drinks
  • Global Market Outlook
  • Rising Awareness of the Health Benefits Offered by Probiotics Drive Strong Growth in the Developed Markets
  • Underpenetrated Developing Countries Offer Huge Untapped Market Potential
  • Probiotics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • AMUL (India)
  • Attune Foods, LLC (USA)
  • Bifodan A/S (Denmark)
  • Biocare Copenhagen ApS (Denmark)
  • BioGaia AB (Sweden)
  • Bright Food (Group) Co., Ltd. (China)
  • China-Biotics Inc. (China)
  • Chobani, LLC (USA)
  • Chr. Hansen Holding A/S (Denmark)
  • Daflorn Ltd. (Bulgaria)
  • Deerland Enzymes, Inc. (USA)
  • Groupe Danone SA (France)
  • DuPont Nutrition & Health (Denmark)
  • Garden of Life LLC (USA)
  • General Mills, Inc. (USA)
  • Hangzhou Wahaha Group Co., Ltd. (China)
  • Kirkman Group, Inc. (USA)
  • Institut Rosell-Lallemand Inc. (Canada)
  • Meiji Co., Ltd. (Japan)
  • Natren, Inc. (USA)
  • Nestlé S.A. (Switzerland)
  • Probi AB (Sweden)
  • Renew Life Formulas, Inc. (USA)
  • Seven Seas Ltd. (UK)
  • Valio Ltd. (Finland)
  • Winclove Probiotics B.V. (Netherlands)
  • Yakult Honsha Co., Ltd. (Japan)
3. MARKET TRENDS & DRIVERS
  • Rising Focus on Disease Prevention than Treatment and Probiotics' Potential in Managing Various Health Conditions Drive Strong Market Growth
  • Probiotics: A Step towards Better Nutraceuticals
  • Improvement of Human Gut Health and Addressing Intestinal Complaints
  • Hay Fever Treatment
  • Allergy Prevention
  • Lowering Side Effects of Antibiotics
  • Benefits of Psychobiotics
  • Reducing Risk of Heart Diseases
  • Significance in Bone Health
  • Improves Oral Health
  • IrriTable Bowel Syndrome Treatment
  • Reduces Bloating
  • Common Cold
  • Sore Throats Sepsis
  • Celiac Disease Microbiome
  • Women's Health, Pregnancy and Breast Feeding
  • Sepsis in Pre-term Infants
  • Alleviation of Depressive Symptoms Associated with MDD
  • Probiotics: Vital to Endure Chemotherapy?
  • For Immuno-Suppressed Subjects
  • Treatment of Severe Burn Injuries
  • Growing Demand for Probiotic Dairy Products Benefit Market Expansion
  • Dairy Products: The Most Popular Probiotic Delivery Vehicle
  • Probiotic Yogurt: One of the Dominant and Fastest Growing Probiotic Products
  • Probiotics Cash in on Greek Yogurt’s Popularity
  • Promising Applications of Probiotics in Non-Dairy Products Offers Immense Growth Potential
  • Select Probiotics Applications in Non-Dairy Products
  • Meat-Based Probiotic Products: An Efficient Mode of Probiotic Delivery to the GI Tract
  • Probiotic Confectionery: The Next Big Thing
  • Probiotic Supplements: The Fastest Growing Nutritional Supplements Category
  • Women: An important Consumer Category for Probiotic Dietary Supplements
  • Innovative Ingredients Extend Scope of Probiotics to Everyday Products
  • Health Attributes of Probiotics for Children and Infants Boosts Demand
  • Probiotics Reduces Antibiotic-Associated Diarrhea among Infants
  • Probiotics Help Children Fight Atopic Dermatitis
  • Infant Probiotics - Bifidobacterium and Lactobacillus
  • Probiotics in Pediatric Gastrointestinal (GI) Therapy
  • Beneficial Effects of Probiotics on Skin Functioning Promote Demand in Personal Care Products
  • Probiotic Skincare: The Latest Beauty Trend
  • Research Focus on Positive Effects of Probiotics on Skin Ailments
  • Growing Prominence of Probiotics in Weight Management Offers Opportunities on a Platter
  • Probiotics to Enhance Metabolism in Obese Patients
  • Epidemic Proportions of Obesity Lead to Increased Focus on Weight Management
  • Booming Demand for Quality Animal Produce Drives Demand for Animal Feed Probiotics
  • Probiotics in Poultry Feed to Enhance Yield without Adverse Effects
  • Growing Interest in Food Nanotechnology Opens Up New Avenues of Growth for Nano-Sized Probiotic Additives
  • Nanoencapsulation to Offer Eco-Friendly Delivery of Probiotics
  • Ever-changing Consumer Preferences Triggers Research & Development Activity
  • List of Currently Used Probiotic Cultures
  • Favorable Demographic and Economic Trends Strengthen Market Prospects
  • Aging Population
  • Longer Life Expectancy
  • Ballooning Global Population
  • Rapid Urbanization
  • Rising Disposable Incomes
  • Growing Middle Class Population
  • Viability: A Cause of Concern
  • Microencapsulation Improve Delivery of Probiotics
  • Key Growth Restraining Factors in a Nutshell
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Probiotics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Probiotics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Probiotics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Bacteria by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Bacteria by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Bacteria by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Yeast by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Yeast by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Yeast by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Liquid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Liquid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Liquid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Dry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Dry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Dry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Dietary Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Dietary Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Dietary Supplements by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Food & Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Animal Feed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Animal Feed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Animal Feed by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Probiotics Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Probiotics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BioGaia AB
  • Bright Food (Group) Co., Ltd.
  • China-Biotics Inc.
  • Chobani, LLC
  • Chr. Hansen Holding A/S
  • DuPont Nutrition & Health
  • Garden of Life LLC
  • General Mills
  • Groupe Danone SA
  • Gujarat Cooperative Milk Marketing Federation (AMUL)
  • Hangzhou Wahaha Group
  • Kirkman Group
  • Meiji Holdings Co., Ltd.
  • Natren, Inc.
  • Nestlé S.A.
  • Probi AB
  • Renew Life
  • Seven Seas Ltd.
  • Valio Ltd.
  • Yakult Honsha Co., Ltd.

Table Information