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Global Probiotics Market by Product Type (Functional Food & Beverages, Dietary Supplements, and Feed), Ingredient (Bacteria and Yeast), End User (Human and Animal), Distribution Channel, and Region - Forecast to 2027

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    Report

  • 259 Pages
  • October 2022
  • Region: Global
  • Markets and Markets
  • ID: 5370159

Health Benefits Associated with Probiotic-Fortified Foods

The global probiotics market is estimated to be valued at USD 57.8 Billion in 2022. It is projected to reach USD 85.4 Billion by 2027, recording a CAGR of 8.1% during the forecast period. In the food & beverage industry, probiotics are living microorganisms associated with health benefits when consumed in appropriate quantities. They are helpful in the treatment of diseases, such as intestinal inflammation and urogenital infections, in both humans and animals. They are fed to the livestock to enhance microbial stability in the intestinal tract. The major reasons for the growing demand for probiotics in fortified foods are the increase in awareness related to their benefits and rise in consumer willingness to purchase probiotics-incorporated premium products. Probiotic products are gaining popularity worldwide due to digestive health and other benefits. Thus, there is a significant rise in the demand for nutritious food, and the increase in the demand for quality animal products. Probiotics are found in supplement form or as components of food & beverages. Their integration with inexpensive but good-for-health products, such as yogurt, fruit juices, and cultured dairy drinks, has contributed to their significant market size. Manufacturers are coming up with various innovations in probiotic products, thus providing various choices for consumers.  

Asia Pacific is projected to witness the growth of 9.5% during the forecast period making it the fastest-growing market

The probiotics market in Asia Pacific is growing at a CAGR of 9.5%. The Asia-Pacific region consists of a rising population, some of the world’s fastest-growing economies, and a growing preference for functional foods, which is expected to thrive the probiotics market in the region. Moreover, major players in the market are establishing their plants in the region to tap the rising potential. The demand for feed probiotics is also on a rise, due to an increase in demand for safer, healthier, and export-quality meat and poultry. Thus, high demand and investments from key players are expected to propel the probiotics market ecosystem in the region, during the forecast period, making Asia-Pacific, the fastest-growing market. 

The animal end-user segment is projected to grow at the fastest CAGR of 7.9% during the forecast period

Factors driving the animal segment in the probiotics market include the ban on synthetic Antimicrobial Growth Promoters (AGPs) in Europe in 2006 to promote the healthy growth of animals that provide safe meat for human consumption. The increasing awareness among consumers related to the benefits associated with the consumption of meat and dairy products has also given rise to their concern related to the quality of the meat they consume, hence, fueling the market growth. 
Europe is projected to be one of the key markets for the application of probiotics in the feed industry. Besides this, emerging countries of the Asia Pacific and South America are projected to become key major revenue-generating pockets for probiotic manufacturers in the feed industry due to the rising demand for animal protein sources in the region. Thus, the demand for probiotics for animal nutrition is projected to increase at the fastest rate due to the growing awareness among pet owners and farmers.

Change in consumption pattern with growing incidence of chronic diseases is creating opportunities in the probiotics market

Chronic diseases are among the most prevalent health conditions worldwide, especially in developed countries, such as the US. As per the data published by the Partnership to Fight Chronic Disease (PFCD), chronic diseases are the leading cause of death and disability in the US. Approximately 133 million Americans, or 45% of the population, have at least one chronic disease, and chronic diseases are responsible for seven out of every 10 deaths in the US, killing more than 1.7 million Americans every year. Thus, changing consumption patterns and the growing prevalence of chronic diseases can prove to be a big opportunity for the players in the probiotics industry, especially in the dietary supplements space, as the products have health-associated benefits that are disease preventive.

Break-up of Primaries:

  • By Company Type: Tier 1 - 30.0%, Tier 2 - 45.0%, Tier 3 - 25.0%
  • By Designation: Managers - 50.0%, CXOs - 25.0%, and Executives - 25.0%
  • By Region: Asia Pacific - 40%, Europe - 30%, North America - 20%, RoW - 10%

Leading players profiled in this report: 

  • Probi (Sweden)
  • Nestle (Switzerland)
  • ADM (US)
  • Danone (France)
  • International Flavors & Fragrances Inc. (US)
  • Yakult Honsha Co., Ltd. (Japan)
  • General Mills Inc. (US)
  • Chr. Hansen Holding A/S Inc. (Denmark)
  • BiGaia (Sweden)
  • Morinaga Milk Industry Co., Ltd. (Japan)
  • SACCO System (Italy)
  • Winclove Probiotics (Netherlands)
  • AB-Biotics (Spain)
  • Glac Biotech (Taiwan)
  • Lallemand (Canada)
  • BIOHM Health (US)
  • Sun Genomics (US)
  • Unique Biotech Ltd. (India)
  • Probiotical S.p.A (Italy)
  • Adisseo (China)
  • NextFoods, Inc. (US)
  • Lifeway Foods, Inc. (US)
  • I-Health Inc. (US)
  • Suja Life, LLC (US)
  • So Good So You (US)

Research Coverage:

The report segments the probiotics market on the basis of ingredients, product type, end user, distribution channel, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges of the global probiotics market.

Reasons to buy this report:

  • To get a comprehensive overview of the probiotics market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights about the major countries/regions in which the probiotics market is flourishing 

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Market Segmentation
1.3.1 Inclusions and Exclusions
1.4 Regions Covered
1.5 Years Considered
1.6 Currency Considered
Table 1 USD Exchange Rates Considered, 2018-2021
1.7 Volume Units Considered
1.8 Stakeholders
1.9 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Probiotics Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Primary Insights
2.2 Market Size Estimation
2.2.1 Approach One - Bottom-Up (Based on Ingredient and Region)
2.2.2 Approach Two - Top-Down (Based on Global Market)
2.3 Data Triangulation
Figure 3 Data Triangulation Methodology
2.4 Research Assumptions
2.5 Study Limitations and Risk Assessment

3 Executive Summary
Table 2 Probiotics Market Snapshot, 2022 Vs. 2027
Figure 4 Probiotics Market Size, by Ingredient, 2022 Vs. 2027 (USD Billion)
Figure 5 Probiotics Market Size, by Product Type, 2022 Vs. 2027 (USD Billion)
Figure 6 Probiotics Market Size, by End-user, 2022 Vs. 2027 (USD Billion)
Figure 7 Probiotics Market Size, by Distribution Channel, 2022 Vs. 2027 (USD Billion)
Figure 8 Probiotics Market Share (Value), by Region, 2021

4 Premium Insights
4.1 Attractive Opportunities in Probiotics Market
Figure 9 Health Benefits Associated with Probiotic Fortified Foods & Beverages to Propel Market
4.2 Asia-Pacific: Probiotics Market, by Product Type and Country
Figure 10 China and Functional Food & Beverages Segment to Account for Largest Shares in Asia-Pacific Probiotics Market in 2021
4.3 Probiotics Market, by Product Type
Figure 11 Functional Food & Beverages Segment to Dominate Market During Forecast Period
4.4 Probiotics Market for Functional Food & Beverages, by Product Sub Type
Figure 12 Dairy Products Segment to Dominate Market
4.5 Probiotics Market, by Distribution Channel
Figure 13 Hypermarkets & Supermarkets Segment to Dominate Market During Forecast Period
4.6 Probiotics Market, by End-user
Figure 14 Human Segment to Command Largest Market Share During Study Period
4.7 Probiotics Market, by Ingredient
Figure 15 Bacteria Segment to Dominate Market During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increase in Retail Sales
Figure 16 Retail and Food Service Sales in Us (Billion Usd)
5.3 Market Dynamics
Figure 17 Probiotics Market Dynamics
5.3.1 Drivers
5.3.1.1 Health Benefits Associated with Probiotic-Fortified Foods
Figure 18 Us Cheese Export to Major Destinations, 2015-2020 (Thousand Tonnes, Product Weight)
5.3.1.2 Increasing Popularity of Probiotic Dietary Supplements
5.3.1.3 Participation of International Bodies in R&D of Probiotic Products
5.3.1.4 Rising Health Consciousness Among Consumers
5.3.1.5 Technological Advancements in Probiotic Products
5.3.2 Restraints
5.3.2.1 International Quality Standards and Regulations for Probiotic Products
5.3.2.2 High R&D Costs for Developing New Probiotic Strains
5.3.2.3 Instances of Allergies to Some Probiotic Supplements
5.3.2.4 Restraints Regarding Probiotic Efficacy
5.3.3 Opportunities
5.3.3.1 Replacement of Pharmaceutical Agents by Probiotics
5.3.3.2 Ban on Use of Antibiotic Growth Promoters in Feed in EU$
5.3.3.3 Increase in Demand for Probiotics in Developed Economies
Figure 19 Per Capita Dairy Product Consumption in Us, 2015-2022 (Pounds Per Person)
5.3.3.4 Change in Consumption Pattern with Growing Incidence of Chronic Diseases
Figure 20 Number of People with Chronic Conditions in Us, 2010-2030 (In Million)
5.3.3.5 Rising Consumer Awareness Related to Value-Added Products
5.3.3.6 Use of Yeast Probiotics as Antibiotics or Growth Promoters
5.3.4 Challenges
5.3.4.1 Complexities in Integrating Probiotics in Functional Foods
5.3.4.2 Intolerance of Probiotics to Stomach Acid and Bile

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Product Development
6.2.2 Sourcing
6.2.3 Production and Processing
6.2.4 Packaging & Storage
6.2.5 Distribution, Sales, and Marketing
Figure 21 Value Chain Analysis of Probiotics Market
6.3 Supply Chain Analysis
Figure 22 Supply Chain Analysis of Probiotics Market
6.4 Technology Analysis
6.4.1 Multi-Layer Embedding
6.4.2 Microencapsulated Powder for Probiotication in Food Products
6.4.3 Probiotics and Artificial Intelligence
6.5 Pricing Analysis
6.5.1 Average Selling Prices, by Application
Figure 23 Global Average Selling Prices, by Application
Table 3 Functional Food & Beverages: Average Selling Price (ASP), by Region, 2020-2022 (Usd/Ton)
Table 4 Dietary Supplements: Average Selling Price (ASP), by Region, 2020-2022 (Usd/Ton)
Table 5 Feed: Average Selling Price (ASP), by Region, 2020-2022 (Usd/Ton)
Table 6 Average Selling Price of Key Market Players, by Application, 2021 (Usd/Ton)
6.6 Market Mapping and Ecosystem Analysis
6.6.1 Supply Side Analysis
6.6.2 Demand Side Analysis
Figure 24 Probiotics Market Mapping
Figure 25 Ecosystem Mapping of Probiotics Market
Table 7 Probiotics Market: Supply Chain (Ecosystem)
6.7 Trends/Disruptions Impacting Customer Business
Figure 26 Trends/Disruptions Impacting Customer's Business
6.8 Patent Analysis
Figure 27 Number of Patents Granted Between 2012 and 2021
Figure 28 Top 10 Inventors with Highest Number of Patent Documents
Figure 29 Leading Applicants with Highest Number of Patent Documents
Table 8 Patents Pertaining to Probiotics, 2020-2022
6.9 Trade Data: Probiotics Market
Table 9 Top 10 Importers and Exporters of Lactobacillus, 2021 (Kg)
6.10 Porter's Five Forces Analysis
Table 10 Probiotics Market: Porter's Five Forces Analysis
6.10.1 Degree of Competition
6.10.2 Bargaining Power of Suppliers
6.10.3 Bargaining Power of Buyers
6.10.4 Threat of Substitutes
6.10.5 Threat of New Entrants
6.11 Case Studies
Table 11 Nestle: Spiced Apple Drinkable Yogurt
Table 12 Danone: Plant Solutions
6.12 Key Conferences and Events
Table 13 Key Conferences and Events in Probiotics Market, 2022-2023
6.13 Tariff and Regulatory Landscape
Table 14 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
6.14 Regulatory Framework
6.14.1 North America
6.14.1.1 US
6.14.1.2 Canada
6.14.2 Europe
6.14.3 Asia-Pacific
6.14.3.1 Japan
6.14.3.2 Australia and New Zealand
6.14.3.3 India
6.14.4 South America
6.14.4.1 Brazil
6.15 Key Stakeholders and Buying Criteria
6.15.1 Key Stakeholders in Buying Process
Figure 30 Influence of Stakeholders in Buying Process for Key Product Type
Table 17 Influence of Stakeholders in Buying Process for Top Three Applications (%)
6.15.2 Buying Criteria
Table 18 Key Criteria for Selecting Supplier/Vendor
Figure 31 Key Criteria for Selecting Supplier/Vendor

7 Probiotics Market, by Product Type
7.1 Introduction
Figure 32 Global Probiotics Market Size, by Product Type, 2022 Vs. 2027 (USD Billion)
Table 19 Probiotics Market Size, by Product Type, 2019-2021 (USD Billion)
Table 20 Probiotics Market Size, by Product Type, 2022-2027 (USD Billion)
Table 21 Probiotics Market Size, by Product Type, 2019-2021 (Kt)
Table 22 Probiotics Market Size, by Product Type, 2022-2027 (Kt)
7.2 Functional Food & Beverages
Table 23 Functional Food & Beverages Market Size, by Region, 2019-2021 (USD Billion)
Table 24 Functional Food & Beverages Market Size, by Region, 2022-2027 (USD Billion)
Table 25 Functional Food & Beverages Market Size, by Region, 2019-2021 (Kt)
Table 26 Functional Food & Beverages Market Size, by Region, 2022-2027 (Kt)
Table 27 Functional Food & Beverages Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 28 Functional Food & Beverages Market Size, by Sub Product Type, 2022-2027 (USD Billion)
7.2.1 Dairy Products
7.2.1.1 Rising Consumption of Dairy Products due to Health-Related Benefits to Boost Market
7.2.2 Non-Dairy Beverages
7.2.2.1 Increase in Lactose-Intolerant Consumers to Stimulate Growth
7.2.3 Infant Formula
7.2.3.1 Rise in Consumption of Fortified Infant Nutrition to Accelerate Growth
7.2.4 Cereals
7.2.4.1 Changing Consumer Lifestyles and Rise in Demand for Ready-To-Eat Food Items to Propel Segment
7.2.5 Other Functional Food & Beverages
7.2.5.1 Innovations in Probiotics Industry Through Nutrition Bars and Snacks to Drive Segment
7.3 Dietary Supplements
Table 29 Dietary Supplements Market Size, by Region, 2019-2021 (USD Billion)
Table 30 Dietary Supplements Market Size, by Region, 2022-2027 (USD Billion)
Table 31 Dietary Supplements Market Size, by Region, 2019-2021 (Kt)
Table 32 Dietary Supplements Market Size, by Region, 2022-2027 (Kt)
Table 33 Dietary Supplements Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 34 Dietary Supplements Market Size, by Sub Product Type, 2022-2027 (USD Billion)
7.3.1 Tablets
7.3.1.1 Longevity of Tablet Form of Medication to Propel Growth
7.3.2 Capsules
7.3.2.1 Rapid Absorption of Nutrients Through Capsules to Drive Demand
7.3.3 Powders
7.3.3.1 Easy Release of Active Ingredients to Boost Market
7.3.4 Liquids
7.3.4.1 High Absorption of Liquids to Stimulate Growth
7.3.5 Soft Gels
7.3.5.1 Relative Low Cost of Soft Gels to Propel Market
7.3.6 Gel Caps
7.3.6.1 Safety of Gel Caps to Stimulate Growth
7.4 Feed
7.4.1 Rising Trend for Providing Pets with High-Quality and Healthy Wet and Dry Meals to Drive Market
Table 35 Feed Market Size, by Region, 2019-2021 (USD Billion)
Table 36 Feed Market Size, by Region, 2022-2027 (USD Billion)
Table 37 Feed Market Size, by Region, 2019-2021 (Kt)
Table 38 Feed Market Size, by Region, 2022-2027 (Kt)

8 Probiotics Market, by Ingredient
8.1 Introduction
Table 39 Diversity of Probiotics
Table 40 Health Benefits of Probiotic Microorganisms
Figure 33 Probiotics Market Size, by Ingredient, 2022 Vs. 2027 (USD Billion)
Table 41 Probiotics Market Size, by Ingredient, 2019-2021 (USD Billion)
Table 42 Probiotics Market Size, by Ingredient, 2022-2027 (USD Billion)
8.2 Bacteria
Table 43 Bacteria Market Size, by Region, 2019-2021 (USD Billion)
Table 44 Bacteria Market Size, by Region, 2022-2027 (USD Billion)
Table 45 Bacteria: Probiotics Market Size, by Type, 2019-2021 (USD Billion)
Table 46 Bacteria: Probiotics Market Size, by Type, 2022-2027 (USD Billion)
8.2.1 Lactobacilli
8.2.1.1 Lactobacillus Acidophilus
8.2.1.1.1 Rise in Consumption of Fermented Foods, Cheese, and Yogurt to Propel Segment
8.2.1.2 Lactobacillus Rhamnosus
8.2.1.2.1 Adaptable Nature of Probiotic Culture to Boost Segment
8.2.1.3 Lactobacillus Casei
8.2.1.3.1 Control of Diarrhea and Reduction of Inflammation to Accelerate Segment
8.2.1.4 Lactobacillus Reuteri
8.2.1.4.1 Benefits in Gastrointestinal Disorders to Accelerate Segment
8.2.2 Bifidobacterium
8.2.2.1 Benefits of Bifidobacteria Against Chronic Ailments to Boost Segment
8.2.3 Streptococcus Thermophilus
8.2.3.1 Growing Application of Streptococcus Thermophilus in Food and Feed Industry to Stimulate Growth
8.3 Yeast
Table 47 Yeast Market Size, by Region, 2019-2021 (USD Billion)
Table 48 Yeast Market Size, by Region, 2022-2027 (USD Billion)
Table 49 Yeast: Probiotics Market Size, by Type, 2019-2021 (USD Billion)
Table 50 Yeast: Probiotics Market Size, by Type, 2022-2027 (USD Billion)
Table 51 Beneficial Effects of Yeast
8.3.1 Saccharomyces Boulardii
8.3.1.1 Gi Stress-Resistant Nature of Saccharomyces Boulardii to Accelerate Segment
8.3.2 Other Yeasts
8.3.2.1 Cost-Effectiveness, Popularity, and Proven Benefits to Boost Segment

9 Probiotics Market, by End-user
9.1 Introduction
Figure 34 Human Segment to Dominate Market from 2022 to 2027 (USD Billion)
Table 52 Probiotics Market Size, by End-user, 2019-2021 (USD Billion)
Table 53 Probiotics Market Size, by End-user, 2022-2027 (USD Billion)
9.2 Human
9.2.1 Rising Trend of Consuming Functional Foods due to Health Consciousness to Drive Market
Table 54 Probiotics Market Size for Humans, by Region, 2019-2021 (USD Billion)
Table 55 Probiotics Market Size for Humans, by Region, 2022-2027 (USD Billion)
9.3 Animal
9.3.1 Ban on Synthetic Antibiotics to Boost Market in Feed
Table 56 Benefits Associated with Administration of Probiotics in Animal Feed
Table 57 Probiotics Market Size for Animals, by Region, 2019-2021 (USD Billion)
Table 58 Probiotics Market Size for Animals, by Region, 2022-2027 (USD Billion)

10 Probiotics Market, by Distribution Channel
10.1 Introduction
Figure 35 Global Probiotics Market Size, by Distribution Channel, 2022 Vs. 2027 (USD Billion)
Table 59 Probiotics Market Size, by Distribution Channel, 2019-2021 (USD Billion)
Table 60 Probiotics Market Size, by Distribution Channel, 2022-2027 (USD Billion)
10.2 Hypermarkets/Supermarkets
10.2.1 Expansion of Supermarkets in Asia-Pacific to Drive Growth
Table 61 Hypermarkets/Supermarkets Market Size, by Region, 2019-2021 (USD Billion)
Table 62 Hypermarkets/Supermarkets Market Size, by Region, 2022-2027 (USD Billion)
10.3 Pharmacies/Drugstores
10.3.1 Rise in Awareness of Probiotics Supplements in Developed Countries to Popularize Pharmacies
Table 63 Pharmacies/Drugstores Market Size, by Region, 2019-2021 (USD Billion)
Table 64 Pharmacies/Drugstores Market Size, by Region, 2022-2027 (USD Billion)
10.4 Specialty Stores
10.4.1 Customer Specificity and Product Quality Perception to Propel Segment
Table 65 Specialty Stores Market Size, by Region, 2019-2021 (USD Billion)
Table 66 Specialty Stores Market Size, by Region, 2022-2027 (USD Billion)
10.5 Online
10.5.1 COVID-19 and Lifestyle Changes to Favor Online Distribution Channels
Table 67 Online Market Size, by Region, 2019-2021 (USD Billion)
Table 68 Online Market Size, by Region, 2022-2027 (USD Billion)
10.6 Convenience Stores/Small Retail Formats
10.6.1 Consumers to Easily Access Probiotics Through Convenience Stores
Table 69 Convenience Stores/Small Retail Formats Market Size, by Region, 2019-2021 (USD Billion)
Table 70 Convenience Stores/Small Retail Formats Market Size, by Region, 2022-2027 (USD Billion)

11 Probiotics Market, by Region
11.1 Introduction
Figure 36 Rapidly Growing Markets are Emerging as New Hot Spots
Table 71 Probiotics Market Size, by Region, 2019-2021 (USD Billion)
Table 72 Probiotics Market Size, by Region, 2022-2027 (USD Billion)
Table 73 Probiotics Market Size, by Region, 2019-2021 (Kt)
Table 74 Probiotics Market Size, by Region, 2022-2027 (Kt)
11.2 North America
Table 75 North America: Probiotics Market Size, by Country, 2019-2021 (USD Billion)
Table 76 North America: Probiotics Market Size, by Country, 2022-2027 (USD Billion)
Table 77 North America: Probiotics Market Size, by Product Type, 2019-2021 (USD Billion)
Table 78 North America: Probiotics Market Size, by Product Type, 2022-2027 (USD Billion)
Table 79 North America: Probiotics Market Size, by Product Type, 2019-2021 (Kt)
Table 80 North America: Probiotics Market Size, by Product Type, 2022-2027 (Kt)
Table 81 North America: Functional Food & Beverages Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 82 North America: Functional Food & Beverages Market Size, by Sub Product Type, 2022-2027 (USD Billion)
Table 83 North America: Probiotics Market Size, by Distribution Channel, 2019-2021 (USD Billion)
Table 84 North America: Probiotics Market Size, by Distribution Channel, 2022-2027 (USD Billion)
Table 85 North America: Probiotics Market Size, by End-user, 2019-2021 (USD Billion)
Table 86 North America: Probiotics Market Size, by End-user, 2022-2027 (USD Billion)
Table 87 North America: Probiotics Market Size, by Ingredient, 2019-2021 (USD Billion)
Table 88 North America: Probiotics Market Size, by Ingredient, 2022-2027 (USD Billion)
11.2.1 US
11.2.1.1 Rising Digestive Health Awareness to Propel Growth
Table 89 US: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 90 US: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.2.2 Canada
11.2.2.1 Demand for High-Quality and Innovative Feed Products to Accelerate Probiotics Production and Consumption
Table 91 Canada: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 92 Canada: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.2.3 Mexico
11.2.3.1 Consumer Inclination Toward Healthy Diets to Propel Market
Table 93 Mexico: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 94 Mexico: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.3 Europe
Figure 37 Europe: Market Snapshot
Table 95 Europe: Probiotics Market Size, by Country, 2019-2021 (USD Billion)
Table 96 Europe: Probiotics Market Size, by Country, 2022-2027 (USD Billion)
Table 97 Europe: Probiotics Market Size, by Product Type, 2019-2021 (USD Billion)
Table 98 Europe: Probiotics Market Size, by Product Type, 2022-2027 (USD Billion)
Table 99 Europe: Probiotics Market Size, by Product Type, 2019-2021 (Kt)
Table 100 Europe: Probiotics Market Size, by Product Type, 2022-2027 (Kt)
Table 101 Europe: Functional Food & Beverages Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 102 Europe: Functional Food & Beverages Market Size, by Sub Product Type, 2022-2027 (USD Billion)
Table 103 Europe: Probiotics Market Size, by Distribution Channel, 2019-2021 (USD Billion)
Table 104 Europe: Probiotics Market Size, by Distribution Channel, 2022-2027 (USD Billion)
Table 105 Europe: Probiotics Market Size, by End-user, 2019-2021 (USD Billion)
Table 106 Europe: Probiotics Market Size, by End-user, 2022-2027 (USD Billion)
Table 107 Europe: Probiotics Market Size, by Ingredient, 2019-2021 (USD Billion)
Table 108 Europe: Probiotics Market Size, by Ingredient, 2022-2027 (USD Billion)
11.3.1 Russia
11.3.1.1 Rise in Meat Production and Russian Agriculture Ministry Initiatives on Livestock to Propel Market
Table 109 Russia: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 110 Russia: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.3.2 UK
11.3.2.1 Rising Health and Probiotics Products Awareness to Boost Market
Table 111 UK: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 112 UK: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.3.3 Italy
11.3.3.1 Preference for Probiotics Products and Awareness About Their Health Benefits to Accelerate Market
Table 113 Italy: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 114 Italy: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.3.4 Germany
11.3.4.1 Expanding German Food Processing Industry to Boost Market
Table 115 Germany: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 116 Germany: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.3.5 Spain
11.3.5.1 Rise in Demand and Production of Poultry Meat to Drive Market
Table 117 Spain: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 118 Spain: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.3.6 Rest of Europe
11.3.6.1 Rise in Aging Population and Obesity to Drive Market
Table 119 Rest of Europe: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 120 Rest of Europe: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.4 Asia-Pacific
Figure 38 Asia-Pacific: Market Snapshot
Table 121 Asia-Pacific: Probiotics Market Size, by Country, 2019-2021 (USD Billion)
Table 122 Asia-Pacific: Probiotics Market Size, by Country, 2022-2027 (USD Billion)
Table 123 Asia-Pacific: Probiotics Market Size, by Product Type, 2019-2021 (USD Billion)
Table 124 Asia-Pacific: Probiotics Market Size, by Product Type, 2022-2027 (USD Billion)
Table 125 Asia-Pacific: Probiotics Market Size, by Product Type, 2019-2021 (Kt)
Table 126 Asia-Pacific: Probiotics Market Size, by Product Type, 2022-2027 (Kt)
Table 127 Asia-Pacific: Functional Food & Beverages Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 128 Asia-Pacific: Functional Food & Beverages Market Size, by Sub Product Type, 2022-2027 (USD Billion)
Table 129 Asia-Pacific: Probiotics Market Size, by Distribution Channel, 2019-2021 (USD Billion)
Table 130 Asia-Pacific: Probiotics Market Size, by Distribution Channel, 2022-2027 (USD Billion)
Table 131 Asia-Pacific: Probiotics Market Size, by End-user, 2019-2021 (USD Billion)
Table 132 Asia-Pacific: Probiotics Market Size, by End-user, 2022-2027 (USD Billion)
Table 133 Asia-Pacific: Probiotics Market Size, by Ingredient, 2019-2021 (USD Billion)
Table 134 Asia-Pacific: Probiotics Market Size, by Ingredient, 2022-2027 (USD Billion)
11.4.1 China
11.4.1.1 High Sales Potential of Probiotics to Stimulate Market
Table 135 China: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 136 China: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.4.2 Japan
11.4.2.1 Aging Population and Consumer Demand to Propel Market
Table 137 Japan: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 138 Japan: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.4.3 India
11.4.3.1 Increased Focus on Women's Nutrition and Post-COVID-19 Consumer Preference for Functional Food to Promote Growth
Table 139 India: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 140 India: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.4.4 Australia & New Zealand
11.4.4.1 Aging Population and Consumer Awareness to Drive Market
Table 141 Australia & New Zealand: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 142 Australia & New Zealand: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.4.5 Rest of Asia-Pacific
11.4.5.1 Investments by Probiotic Market Players to Enhance Production and Consumption
Table 143 Rest of Asia-Pacific: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 144 Rest of Asia-Pacific: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.5 South America
Table 145 South America: Probiotics Market Size, by Country, 2019-2021 (USD Billion)
Table 146 South America: Probiotics Market Size, by Country, 2022-2027 (USD Billion)
Table 147 South America: Probiotics Market Size, by Product Type, 2019-2021 (USD Billion)
Table 148 South America: Probiotics Market Size, by Product Type, 2022-2027 (USD Billion)
Table 149 South America: Probiotics Market Size, by Product Type, 2019-2021 (Kt)
Table 150 South America: Probiotics Market Size, by Product Type, 2022-2027 (Kt)
Table 151 South America: Functional Food & Beverages Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 152 South America: Functional Food & Beverages Market Size, by Sub Product Type, 2022-2027 (USD Billion)
Table 153 South America: Probiotics Market Size, by Distribution Channel, 2019-2021 (USD Billion)
Table 154 South America: Probiotics Market Size, by Distribution Channel, 2022-2027 (USD Billion)
Table 155 South America: Probiotics Market Size, by End-user, 2019-2021 (USD Billion)
Table 156 South America: Probiotics Market Size, by End-user, 2022-2027 (USD Billion)
Table 157 South America: Probiotics Market Size, by Ingredient, 2019-2021 (USD Billion)
Table 158 South America: Probiotics Market Size, by Ingredient, 2022-2027 (USD Billion)
11.5.1 Brazil
11.5.1.1 Rise in Health Awareness and Meat Exports to Boost Market
Table 159 Brazil: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 160 Brazil: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.5.2 Argentina
11.5.2.1 Rise in Pork Production and Exports to Drive Market
Table 161 Argentina: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 162 Argentina: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.5.3 Rest of South America
11.5.3.1 Startups to Boost Market Without Hampering Food Taste
Table 163 Rest of South America: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 164 Rest of South America: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.6 Rest of the World
Table 165 Rest of the World: Probiotics Market Size, by Region, 2019-2021 (USD Billion)
Table 166 Rest of the World: Probiotics Market Size, by Region, 2022-2027 (USD Billion)
Table 167 Rest of the World: Probiotics Market Size, by Product Type, 2019-2021 (USD Billion)
Table 168 Rest of the World: Probiotics Market Size, by Product Type, 2022-2027 (USD Billion)
Table 169 Rest of the World: Probiotics Market Size, by Product Type, 2019-2021 (Kt)
Table 170 Rest of the World: Probiotics Market Size, by Product Type, 2022-2027 (Kt)
Table 171 Rest of the World: Functional Food & Beverages Market Size, by Sub Product Type, 2019-2021 (USD Billion)
Table 172 Rest of the World: Functional Food & Beverages Market Size, by Sub Product Type, 2022-2027 (USD Billion)
Table 173 Rest of the World: Probiotics Market Size, by Distribution Channel, 2019-2021 (USD Billion)
Table 174 Rest of the World: Probiotics Market Size, by Distribution Channel, 2022-2027 (USD Billion)
Table 175 Rest of the World: Probiotics Market Size, by End-user, 2019-2021 (USD Billion)
Table 176 Rest of the World: Probiotics Market Size, by End-user, 2022-2027 (USD Billion)
Table 177 Rest of the World: Probiotics Market Size, by Ingredient, 2019-2021 (USD Billion)
Table 178 Rest of the World: Probiotics Market Size, by Ingredient, 2022-2027 (USD Billion)
11.6.1 Middle East
11.6.1.1 Demand for Quality Feed to Stimulate Market
Table 179 Middle East: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 180 Middle East: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)
11.6.2 Africa
11.6.2.1 Investments in Pharmaceutical Companies to Increase with Intra-African Trade
Table 181 Africa: Probiotics Market Size, by Product Type, 2019-2021 (USD Million)
Table 182 Africa: Probiotics Market Size, by Product Type, 2022-2027 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis, 2021
Table 183 Global Probiotics Market: Degree of Competition
12.3 Segmental Revenue Analysis of Key Players
Figure 39 Revenue Analysis of Key Players, 2017-2021 (USD Billion)
12.4 Key Player Strategies
Table 184 Strategies Adopted by Key Probiotic Product Manufacturers
12.5 Company Evaluation Quadrant (Key Players)
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 40 Probiotics Market: Company Evaluation Quadrant, 2021 (Key Players)
12.6 Product Footprint (Key Players)
Table 185 Company Footprint, by Product Type (Key Players)
Table 186 Company Footprint, by End-user (Key Players)
Table 187 Company Footprint, by Region (Key Players)
Table 188 Overall Company Footprint (Key Players)
12.7 Company Evaluation Quadrant (Other Players), 2021
12.7.1 Progressive Companies
12.7.2 Starting Blocks
12.7.3 Responsive Companies
12.7.4 Dynamic Companies
Figure 41 Global Probiotics Market: Company Evaluation Quadrant, 2021 (Other Players)
12.7.5 Competitive Benchmarking of Other Players
Table 189 Global Probiotics Market: Detailed List of Other Players
Table 190 Global Probiotics Market: Competitive Benchmarking of Other Players
12.8 Competitive Scenario
12.8.1 New Product Launches
Table 191 Probiotics: New Product Launches, 2019-2022
12.8.2 Deals
Table 192 Probiotics: Deals, 2019-2022
12.8.3 Others
Table 193 Probiotics: Others, 2019-2022

13 Company Profiles
13.1 Key Companies
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats)*
13.1.1 Probi
Table 194 Probi: Company Overview
Figure 42 Probi: Company Snapshot
Table 195 Probi: Products/Solutions/Services Offered
Table 196 Probi: Deals
13.1.2 Nestle
Table 197 Nestle: Company Overview
Figure 43 Nestle: Company Snapshot
Table 198 Nestle: Products/Solutions/Services Offered
Table 199 Nestle: New Product Launches
Table 200 Nestle: Deals
13.1.3 Adm
Table 201 Adm: Company Overview
Figure 44 Adm: Company Snapshot
Table 202 Adm: Products/Solutions/Services Offered
Table 203 Adm: Deals
13.1.4 Danone
Table 204 Danone: Company Overview
Figure 45 Danone: Company Snapshot
Table 205 Danone: Products/Solutions/Services Offered
Table 206 Danone: New Product Launches
Table 207 Danone: Others
13.1.5 International Flavors & Fragrances Inc.
Table 208 International Flavors & Fragrances Inc.: Company Overview
Figure 46 International Flavors & Fragrances Inc.: Company Snapshot
Table 209 International Flavors & Fragrances Inc.: Products/Solutions/ Services Offered
Table 210 International Flavors & Fragrances Inc.: Deals
Table 211 International Flavors & Fragrances Inc.: Other Developments
13.1.6 Yakult Honsha Co., Ltd.
Table 212 Yakult Honsha Co., Ltd.: Business Overview, 2021
Figure 47 Yakult Honsha Co., Ltd.: Company Snapshot
Table 213 Yakult Honsha Co., Ltd.: Products/Solutions/Services Offered
Table 214 Yakult Honsha Co., Ltd.: Others
13.1.7 General Mills Inc.
Table 215 General Mills Inc.: Business Overview, 2021
Figure 48 General Mills Inc.: Company Snapshot
Table 216 General Mills Inc.: Products/Solutions/Services Offered
Table 217 General Mills Inc.: New Product Launches
Table 218 General Mills Inc.: Deals
13.1.8 Chr. Hansen Holding A/S
Table 219 Chr. Hansen Holding A/S: Company Overview, 2021
Figure 49 Chr. Hansen Holding A/S: Company Snapshot
Table 220 Chr. Hansen Holding A/S: Products/Solutions/Services Offered
Table 221 Chr. Hansen: New Product Launches
Table 222 Chr. Hansen: Deals
13.1.9 Biogaia
Table 223 Biogaia: Company Overview, 2021
Figure 50 Biogaia: Company Snapshot
Table 224 Biogaia: Products/Solutions/Services Offered
Table 225 Biogaia: New Product Launches
Table 226 Biogaia: Deals
Table 227 Biogaia: Others
13.1.10 Morinaga Milk Industry Co., Ltd.
Table 228 Morinaga Milk Industry Co., Ltd.: Business Overview, 2021
Figure 51 Morinaga Milk Industry Co., Ltd.: Company Snapshot
Table 229 Morinaga Milk Industry Co., Ltd.: Products/Solutions/Services Offered
Table 230 Morinaga Milk Industry Co., Ltd.: Others
13.1.11 Sacco System
Table 231 Sacco System: Business Overview, 2021
Figure 52 Sacco System: Company Snapshot
Table 232 Sacco System: Products/Solutions/Services Offered
Table 233 Sacco System: Deals
Table 234 Sacco System: Others
13.1.12 Winclove Probiotics
Table 235 Winclove Probiotics: Business Overview
Table 236 Winclove Probiotics: Products/Solutions/Services Offered
Table 237 Winclove Probiotics: Deals
Table 238 Winclove Probiotics: Other Developments
13.1.13 Ab-Biotics
Table 239 Ab-Biotics: Business Overview
Table 240 Ab-Biotics: Products/Solutions/Services Offered
Table 241 Ab-Biotics: Deals
13.1.14 Glac Biotech
Table 242 Glac Biotech: Business Overview
Table 243 Glac Biotech: Products/Solutions/Services Offered
Table 244 Glac Biotech: Others
13.1.15 Lallemand
Table 245 Lallemand: Business Overview
Table 246 Lallemand: Products/Solutions/Services Offered
Table 247 Lallemand: Deals
Table 248 Lallemand: Others
13.2 Other Players
13.2.1 Biohm Health
Table 249 Biohm Health: Company Overview
13.2.2 Sun Genomics
Table 250 Sun Genomics: Company Overview
13.2.3 Unique Biotech Ltd
Table 251 Unique Biotech Ltd: Company Overview
13.2.4 Probiotical S.P.A
Table 252 Probiotical S.P.A: Company Overview
13.2.5 Adisseo
Table 253 Adisseo: Company Overview
13.2.6 Nextfoods, Inc.
Table 254 Nextfoods, Inc.: Company Overview
13.2.7 Lifeway Foods, Inc.
Table 255 Lifeway Foods, Inc.: Company Overview
13.2.8 I-Health, Inc.
Table 256 I-Health, Inc.: Company Overview
13.2.9 Suja Life, LLC
Table 257 Suja Life, LLC: Company Overview
13.2.10 So Good So You
Table 258 So Good So You: Company Overview

*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

14 Adjacent and Related Markets
14.1 Introduction
Table 259 Adjacent Markets to Probiotics
14.2 Research Limitations
14.3 Dietary Supplement Market
14.3.1 Market Definition
14.3.2 Market Overview
Table 260 Dietary Supplements Market Size, by Type, 2022-2027 (USD Million)
14.4 Nutraceutical Products Market
14.4.1 Market Definition
14.4.2 Market Overview
Table 261 Nutraceutical Dietary Supplements Market Size, by Type, 2017-2025 (USD Billion)

15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Available Customizations

Executive Summary

Companies Mentioned

  • Probi (Sweden)
  • Nestle (Switzerland)
  • ADM (US)
  • Danone (France)
  • International Flavors & Fragrances Inc. (US)
  • Yakult Honsha Co., Ltd. (Japan)
  • General Mills Inc. (US)
  • Chr. Hansen Holding A/S Inc. (Denmark)
  • BiGaia (Sweden)
  • Morinaga Milk Industry Co., Ltd. (Japan)
  • SACCO System (Italy)
  • Winclove Probiotics (Netherlands)
  • AB-Biotics (Spain)
  • Glac Biotech (Taiwan)
  • Lallemand (Canada)
  • BIOHM Health (US)
  • Sun Genomics (US)
  • Unique Biotech Ltd. (India)
  • Probiotical S.p.A (Italy)
  • Adisseo (China)
  • NextFoods, Inc. (US)
  • Lifeway Foods, Inc. (US)
  • I-Health Inc. (US)
  • Suja Life, LLC (US)
  • So Good So You (US)

Methodology

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Table Information