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Probiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Probiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • May 2022
  • 144 pages
  • ID: 6280763
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global probiotics market reached a value of US$ 54.05 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 86.44 Billion by 2027, exhibiting a CAGR of 7.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Probiotics are live microorganisms like bacteria and yeast, which are ingested or administered in the body to prevent and treat certain health conditions. These conditions include curing diarrhea, constipation, inflammatory bowel disease (IBD), irritable bowel syndrome (IBS), yeast infections, urinary tract infections, gum disease, lactose intolerance, eczema, upper respiratory infections, and sepsis. Probiotics aid in weight loss, improving digestion, strengthening the immune function, and obtaining healthy skin. As a result, probiotics are added to different drugs, beverages, food products and dietary supplements that are consumed around the world.

Probiotics Market Trends:
There is present a considerable increase in the prevalence of lifestyle and chronic diseases globally. Consequently, there is a rise in the adoption of preventive healthcare, involving annual check-ups, immunizations, flu shots and the consumption of dietary supplements, among individuals on account of the development of efficient probiotic strains. This represents one of the key factors driving the market. Moreover, governments of several countries are implementing stringent regulations to use probiotics in nutraceuticals and nutricosmetics across the globe. This, coupled with the increasing utilization of probiotics in infant products, is propelling the growth of the market. In addition, the rising demand for probiotics as an immunity booster to offer robust protection against gastrointestinal pathogens and promote the production of natural antibodies in the body is positively influencing the market. Besides this, the increasing popularity of strains as a natural, cost-effective, and safe substitute for pharmacological solutions is offering lucrative growth opportunities to industry investors. Additionally, key market players are extensively investing in research and development (R&D) activities to develop plant-based probiotics, which is bolstering the growth of the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global probiotics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on ingredient, distribution channel, application and form.

Breakup by Ingredient:
Bacteria
Yeast

Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Pharmacies/Drugstores
Specialty Stores
Online Stores
Others

Breakup by Application:
Food and Beverages
Dietary Supplements
Animal Feed

Breakup by Form:
Dry
Liquid

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Biogaia AB, Chr. Hansen Holding A/S, Danone S.A., General Mills Inc, i-Health Inc (Koninklijke DSM N.V.), Kerry Group plc, Lallemand Inc., Lifeway Foods Inc, Morinaga Milk Industry Co. Ltd., Nestlé S.A., PepsiCo Inc, Probi (Symrise AG) and Yakult Honsha Co.Ltd.



Key Questions Answered in This Report:

How has the global probiotics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global probiotics market?
What are the key regional markets?
What is the breakup of the market based on the ingredient?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the application?
What is the breakup of the market based on the form?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global probiotics market and who are the key players?
What is the degree of competition in the industry?

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