PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1421550
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1421550
Global Probiotics Market - Focused Insights 2024-2029
REPORT OVERVIEW
This report offers market size & forecast data for the global probiotics market. The revenue generated from the sale of human probiotic products is included in the report. The income generated from animal probiotics, plant probiotics, and probiotic strains is excluded from the report's scope. This report provides a comprehensive and current market scenario of the global probiotic market, including the global probiotic market size, anticipated market forecast, relevant market segmentations, and industry trends.
The study considers a detailed scenario of the present global probiotics market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.
MARKET DEFINITION
Probiotics are live microorganisms, typically bacteria or yeast, which provide health benefits when consumed or applied to the body. They are not drugs and can be purchased without a prescription at any store.
KEY HIGHLIGHTS
- The global probiotics market is expected to reach $115.07 billion by 2029, growing at a CAGR of 8.39%. The growing awareness about the health benefits of probiotics, such as improved gut health and overall digestive function, and increased consumption of functional dairy products is anticipated to boost the growth of the global market.
- By product type, functional food and beverages accounted for the highest share of 83.06% in 2023 and are projected to grow at the highest CAGR of 8.62% during the forecast period. The increasing demand for functional food and beverages is due to the rising awareness of the health benefits of dairy-based probiotics and the increased consumption of functional dairy products for digestive wellness.
- By Ingredient type, the bacteria segment accounted for the highest share of 88.07% in 2023 and is projected to grow at the highest CAGR of 8.57% during the forecast period. Factors such as the high usage of bacteria and broader applications of bacteria in digestive wellness are expected to drive the growth of this segment.
- By age group, the adult segment accounted for the highest share of 75.31% in 2023 and is projected to grow at the highest CAGR of 8.23% during the forecast period. The rising prevalence of chronic diseases, increased penetration of probiotics, and rising awareness of health benefits in adults are some factors that drive the segment's growth.
- By Distribution Channel, the supermarkets and hypermarkets segment accounted for the highest share of 43.60% in 2023 and is projected to grow at the highest CAGR of 8.12% during the forecast period. The expansion of supermarkets and hypermarkets is the primary reason for the increasing demand for probiotics globally.
- By Application, the digestive health segment accounted for the highest share of 76.52% in 2023 and is projected to grow at the highest CAGR of 8.21% during the forecast period. The high prevalence of digestive diseases is the primary reason for the increasing demand for probiotics globally.
- Nestle, Probi, Danone, Chr.Hansen and Yakult Honsha Co., Ltd are some of the leading players currently dominating the global probiotics market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the probiotics market and gain access to commercially launched products.
VENDORS LIST
- Nestle
- Probi
- Danone A/S
- Chr.Hansen Holdings Inc
- Yakult Honsha Co.,Ltd.
- Arla Foods
- International Flavours & Fragrances Inc.
- ADM
- General Mills Inc
- BioGaia
- AB-Biotics
- DuPont
- Lallemand Inc (Lallemand)
- Lifeway Foods Inc
- Kerry Group plc
- Sanzyme Biologics
- Mother Dairy Fruit & Vegetable Pvt Ltd (Mother Dairy)
- Deerland Probiotics & Enzymes
- Sacco System
- Cultech
- Goerlich Pharma
- Winclove Probiotics
- China-Biotics Inc.
- COSMAX NBT, Inc.
- PepsiCo
- Morinaga Milk Industry Co., Ltd
- AllergoSan USA, LLC
- Teva Pharmaceuticals
- Novozymes
- Wren Laboratories
- PanTheryx
- DSM-Firmenich
- Sanofi
REPORT HIGHLIGHTS
PRODUCT SEGMENTATION & FORECAST
- Product type
Functional Food & Beverages
Dietary Supplements
- Ingredients type
Bacteria
Yeast
- Age Group
Adults
Pediatrics
- Distribution Channels
Supermarkets & Hypermarkets
Departmental Stores
Drug Stores
Online Stores
- Application
Digestive Health
Immune Health
Metabolic Health
Others
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Probiotics Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
- About Arizton
TABLE OF CONTENTS
CHAPTER - 1: Probiotics Market Overview
- Executive Summary
- Key Findings
CHAPTER - 2: Probiotics Market
- GLOBAL: Projected Revenue of Probiotics Market (2023-2029; $Billions)
CHAPTER - 3: Probiotics Market Segmentation Data
- GLOBAL: Projected Revenue by Product type (2023-2029; $Billions)
- Functional Food & Beverages
- Dietary Supplements
- GLOBAL: Projected Revenue by Ingredients (2023-2029; $Billions)
- Bacteria
- Yeast
- GLOBAL: Projected Revenue by Age Group (2023-2029; $Billions)
- Adults
- Pediatrics
- GLOBAL: Projected Revenue by Distribution Channel (2023-2029; $Billions)
- Supermarkets & Hypermarkets
- Departmental Stores
- Drug Stores
- Online Stores
- GLOBAL: Projected Revenue by Application (2023-2029; $Billions)
- Digestive Health
- Immune Health
- Metabolic Health
- Others
CHAPTER - 4: Key Regions Overview
- North America: Projected Revenue of Probiotics Market (2023-2029; $Billions)
- Projected Revenue of Probiotics Market in US
- Projected Revenue of Probiotics Market in Canada
- Europe: Projected Revenue of Probiotics Market (2023-2029; $Billions)
- Projected Revenue of Probiotics Market in Germany
- Projected Revenue of Probiotics Market in France
- Projected Revenue of Probiotics Market in UK
- Projected Revenue of Probiotics Market in Italy
- Projected Revenue of Probiotics Market in Spain
- APAC: Projected Revenue of Probiotics Market (2023-2029; $Billions)
- Projected Revenue of Probiotics Market in China
- Projected Revenue of Probiotics Market in Japan
- Projected Revenue of Probiotics Market in India
- Latin America: Projected Revenue of Probiotics Market (2023-2029; $Billions)
- Projected Revenue of Probiotics Market in Brazil
- Projected Revenue of Probiotics Market in Mexico
- Projected Revenue of Probiotics Market in Argentina
- Middle East & Africa: Projected Revenue of Probiotics Market (2023-2029; $Billions)
- Projected Revenue of Probiotics Market in Turkey
- Projected Revenue of Probiotics Market in Saudi Arabia
- Projected Revenue of Probiotics Market in South Africa
CHAPTER - 5: Probiotics Market Prospects & Opportunities
- Probiotics Market Opportunities & Trends
- Probiotics Market Drivers
- Probiotics Market Constraints
CHAPTER - 6: Probiotics Industry Overview
- Probiotics Market - Competitive Landscape
- Probiotics Market - Key Vendor Profiles
- Probiotics Market - Other Prominent Vendors
- Probiotics Market - Key Strategic Recommendations
CHAPTER - 7: Appendix
- Research Methodology
- Abbreviations
- About Arizton
List Of Exhibits
LIST OF EXHIBITS
Exhibit 1: Projected Revenues of Probiotics in Global (2023-2029; $ Bn)
Exhibit 2: Projected Revenue of Probiotics by Functional food & Beverages (2023-2029; $ Bn)
Exhibit 3: Projected Revenue of Probiotics by Dietary Supplements ($ Bn)
Exhibit 4: Projected Revenues of Probiotics by Bacteria (2023-2029; $ Bn)
Exhibit 5: Projected Revenues of Probiotics by Yeast (2023-2029; $ Bn)
Exhibit 6: Projected Revenues of Probiotics by Adults (2023-2029; $ Bn)
Exhibit 7: Projected Revenues of Probiotics by Pediatrics (2023-2029; $ Bn)
Exhibit 8: Projected Revenues of Probiotics by Super & Hypermarkets (2023-2029; $ Bn)
Exhibit 9: Projected Revenues of Probiotics by Departmental Stores (2023-2029; $ Bn)
Exhibit 10: Projected Revenues of Probiotics by Drug Stores (2023-2029; $ Bn)
Exhibit 11: Projected Revenues of Probiotics by Online Stores (2023-2029; $ Bn)
Exhibit 12: Projected Revenues of Probiotics by Digestive Health (2023-2029; $ Bn)
Exhibit 13: Projected Revenues of Probiotics by Immune Health (2023-2029; $ Bn)
Exhibit 14: Projected Revenues of Probiotics by Metabolic Health (2023-2029; $ Bn)
Exhibit 15: Projected Revenues of Probiotics by Others (2023-2029; $ Bn)
Exhibit 16: Projected Revenues of Probiotics in North America (2023-2029; $ Bn)
Exhibit 17: Projected Revenues of Probiotics in US (2023-2029; $ Bn)
Exhibit 18: Projected Revenues of Probiotics in Canada (2023-2029; $ Bn)
Exhibit 19: Projected Revenues of Probiotics in Europe (2023-2029; $ Bn)
Exhibit 20: Projected Revenues of Probiotics in Germany (2023-2029; $ Bn)
Exhibit 21: Projected Revenues of Probiotics in France (2023-2029; $ Bn)
Exhibit 22: Projected Revenues of Probiotics in UK (2023-2029; $ Bn)
Exhibit 23: Projected Revenues of Probiotics in Italy (2023-2029; $ Bn)
Exhibit 24: Projected Revenues of Probiotics in Spain (2023-2029; $ Bn)
Exhibit 25: Projected Revenues of Probiotics in APAC (2023-2029; $ Bn)
Exhibit 26: Projected Revenues of Probiotics in China (2023-2029; $ Bn)
Exhibit 27: Projected Revenues of Probiotics in Japan (2023-2029; $ Bn)
Exhibit 28: Projected Revenues of Probiotics in India (2023-2029; $ Bn)
Exhibit 29: Projected Revenues of Probiotics in Latin America (2023-2029; $ Bn)
Exhibit 30: Projected Revenues of Probiotics in Brazil (2023-2029; $ Bn)
Exhibit 31: Projected Revenues of Probiotics in Mexico (2023-2029; $ Bn)
Exhibit 32: Projected Revenues of Probiotics in Argentina (2023-2029; $ Bn)
Exhibit 33: Projected Revenues of Probiotics in MEA (2023-2029; $ Bn)
Exhibit 34: Projected Revenues of Probiotics in Turkey (2023-2029; $ Bn)
Exhibit 35: Projected Revenues of Probiotics in Saudi Arabia (2023-2029; $ Bn)
Exhibit 36: Projected Revenues of Probiotics in South Africa (2023-2029; $ Bn)
List Of Tables
LIST OF TABLES
Table 1: Key Market Trends in Probiotics Market
Table 2: Key Market Enablers in Probiotics Market
Table 3: Key Market Constraints in Probiotics Market
Table 4: Strategic Recommendations in Probiotics Market
