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Australia Probiotics Market - Forecasts from 2022 to 2027

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    Report

  • 78 Pages
  • December 2022
  • Region: Australia
  • Knowledge Sourcing Intelligence LLP
  • ID: 5716747
Australia probiotics market is anticipated to expand at a CAGR of 3.30% percent over the course of the forecast period, from US$310.698 million in 2020 to a total market value of US$389.922 million by 2027.

Live microorganisms known as probiotics are intended to enhance one's health whether administered orally or topically. Yogurts, other fermented foods, and probiotic-rich beverages are widely available and provide delicious, nutrient-dense snacks. Probiotics are also found in many cosmetic products. When consumed in appropriate amounts, probiotics have beneficial effects on the body, including improved gut health and reduced intestinal inflammation. Since they improve immune function and halt the progression of diseases, probiotics are crucial for preventative healthcare.

Growing Health concerns and new developments are anticipated to boost the market

The market for probiotics is anticipated to develop throughout the forecast period as a result of rising self-medication rates and a growing awareness of personal health decline. Due to rising awareness of fitness and good health, particularly among the younger population base, the Australian probiotic market is anticipated to expand quickly. The expansion of the market is further anticipated to be fueled by the creation of improved and enhanced probiotic strains for certain uses. Probiotics are added to feed to increase animal weight gain and feed effectiveness as well as to preserve and advance the well-being of domestic animals and poultry. The market is expanding as a result of rising demand for meat and other livestock products, which helps to offset the threat of disease outbreaks that probiotics in the animal husbandry sector help to prevent.

Key Developments:

  • March 2021: A three-year partnership between Probi® and Australian academics studying bone health at La Trobe University has been established. A clinical investigation to examine Probi® Osteo's impact on an Australian female population will be a part of the cooperation. The modulatory function of the gut microbiome and Probi Osteo on bone metabolism, microarchitecture, and density will be further investigated with the support of innovative approaches. The institution sought to offer its expertise to further the body of knowledge and to generate new, high-caliber research findings that would clarify the role probiotics play in slowing bone loss. The collaboration illustrates Probi's commitment to documenting its products in several clinical trials and its interest in understanding the processes by which its probiotic strains can exert their therapeutic benefits. It is in line with Probi's objective to be First in Probiotics.
  • Sept 2019: DuPont Nutrition & Biosciences has declared its intention to work strategically with By-Health. The strategic partnership would concentrate on the study and creation of probiotic dietary supplements with new functions, new ingredients, and new technology, including collaborative research on intestinal microecology and the creation of new probiotic dietary supplements and uses for them. By-Health purchased the Australian probiotic company Life-Space Group, which is now being used for research on creating and selling probiotic products for all life phases.

Product Offerings:

  • Probi Defendum®: Probi Defendum® by Probi AB has been shown to have positive benefits on immune health in clinical studies. A probiotic immunity called the product Probi Defendum® is built on a combination of the Lactiplantibacillus Plantarum HEAL9 (HEAL9TM) and Lacticaseibacillus paracasei 8700:2 strains. It fosters a strong immune system, offers organic immunological support, and aids important immune cells. It is perfect for functional foods like beverages and powder products as well as capsules, pills, and stick-packs. The clinical trials of Probi Defendum® have also confirmed the activation of the immune system indicating resilient immunity after the product intake and its effect in the common cold.
  • Sofl LT: The fermented dairy product Sofl LT by Yakult has a distinct consistency that makes it perfect for spooning. Additionally, because it is created with milk, it contains calcium and protein and is low in calories. More than 100 million Lactobacillus casei Shirota and Streptococcus thermophilus are present in every gram of Sofl LT.

Market Segmentation:

  • By Ingredient
  • Bacteria
  • Lactobacilli
  • Bifidobacterium
  • Streptococcus thermophilus
  • Yeast
  • Saccharomyces boulardii
  • Others
  • By Form
  • Liquid
  • Dry
  • By Application
  • Functional Food and Beverages
  • Dietary Supplements
  • Animal Feed
  • By End-User
  • Human
  • Animal
Frequently Asked Questions about the Australian Probiotics Market

What is the estimated value of the Australian Probiotics Market?

The Australian Probiotics Market was estimated to be valued at $310.7 million in 2020.

What is the growth rate of the Australian Probiotics Market?

The growth rate of the Australian Probiotics Market is 3.3%, with an estimated value of $389.92 million by 2027.

What is the forecasted size of the Australian Probiotics Market?

The Australian Probiotics Market is estimated to be worth $389.92 million by 2027.

Who are the key companies in the Australian Probiotics Market?

Key companies in the Australian Probiotics Market include Yakult Honsha Co., Ltd., DuPont and Probi AB.

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. AUSTRALIA PROBIOTICS MARKET BY INGREDIENT
5.1. Introduction
5.2. Bacteria
5.2.1. Lactobacilli
5.2.2. Bifidobacterium
5.2.3. Streptococcus Thermophilus
5.3. Yeast
5.4. Saccharomyces Boulardii
5.5. Others

6. AUSTRALIA PROBIOTICS MARKET BY FORM
6.1. Introduction
6.2. Liquid
6.3. Dry

7. AUSTRALIA PROBIOTICS MARKET BY APPLICATION
7.1. Introduction
7.2. Functional Food and Beverages
7.3. Dietary Supplements
7.4. Animal Feed

8. AUSTRALIA PROBIOTICS MARKET BY END-USER
8.1. Introduction
8.2. Human
8.3. Animal

9. COMPETITIVE INTELLIGENCE
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. YAKULT AUSTRALIA. PTY LTD.
10.2. DUPONT
10.3. DANONE
10.4. PROBI AB
*List is not exhaustive

Companies Mentioned

  • Yakult Honsha Co., Ltd.
  • DuPont
  • Danone
  • Probi AB