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Market Overview of Global Probiotics market:
According to our latest research, the global Probiotics market looks promising in the next 5 years. As of 2022, the global Probiotics market was estimated at USD 54873.56 million, and it's anticipated to reach USD 81810.51 million in 2028, with a CAGR of 6.88% during the forecast years.
Probiotics are microorganisms, such as bacteria and yeast that benefit humans and animals by maintaining intestinal microbial balance. Probiotic ingredients stimulate natural digestive juices and enzymes in the body to ensure proper functioning of the digestive system, and can be administered through food or in the form of supplements. In addition, probiotics protect healthy organisms from harmful counterparts. Nowadays, probiotic products are employed to diagnose mental illness, and treat digestive problems and neurological disorders. Moreover, they strengthen the human immune system, protect proteins & lipids from oxidative destruction, and reduce body pathogens.
Increasing consumer adoption
Increasing consumer adoption of probiotics to enhance overall wellbeing and help treat illnesses such as ulcerative colitis, urinary tract infections and diarrhea should boost market demand from dietary supplements applications. At present, majority of people suffer from obesity problems, digestive problems, gastrointestinal infections, vaginal infection, and others. With this aspect in consideration, players operating in this market are in the process of developing probiotic products that help them to cure such types of diseases. The effect of growing health concern is moderate in the probiotics market, and its impact is expected to increase in the near future. Growing health concerns and rising awareness have augmented the demand for probiotics among consumers, thus resulting in the rise of probiotics dairy and food products. Consumers opt for probiotics dairy products such as yogurt, ice cream, and cheese to take in beneficial bacteria, in addition to available medical health supplements. Probiotic yogurt is the most common probiotic product preferred by consumers.
Stiff competition
With major manufacturers and suppliers in the probiotics industry competing globally, the intensity of competition within the probiotics industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a probiotics business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established probiotics manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry
Region Overview:
In global comparison, a significant portion of the revenue was generated in APAC (38.87% in 2022).
Company Overview:
Yakult is one of the major players operating in the Probiotics market, holding a share of 6.1% in 2021.
Yakult
Yakult is the world's leading probiotic beverage created in Japan in 1935. Today, Yakult is sold in 40 countries and regions around the world. Yakult 's portfolio includes a range of consumer, cosmetic and pharmaceutical products. Yakult's mission is to contribute to the health and happiness of every person around the world through the pursuit of excellence in life sciences and the study of microorganisms.
Danone
Dedicated to bringing health through food to as many people as possible, Danone is a leading global food & beverage company built on four businesses: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition and Medical Nutrition. Danone's portfolio includes brands present worldwide (Activia, Actimel, Alpro, Danette, Danonino, Danio, evian, Volvic, Nutrilon/Aptamil, Nutricia) and in local markets (Aqua, Bledina, Cow & Gate, Bonafont, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, Vega).
Segmentation Overview:
Among different product types, Lactobacillus segment is anticipated to contribute the largest market share in 2028.
By ingredient, the market can be broadly divided into two categories, namely, bacteria and yeast, etc. The bacteria can be further divided into lactobacilli, Bifidobacterium, streptococcus, and others, while yeast can be further classified intoSaccharomyces Boulardii and others. Most probiotics are predominantly bacterial, most notably employing lactobacillus or lactic acid bacteria. These ingredients primarily find application in fermented food such as kefir, sauerkraut, yogurt, and kimchi. Dietary supplements are another significant application segment for bacterial ingredients.
Numerous biological activities associated with yeast-based probiotic ingredients make them ideal for use in a range of applications beyond the food sector. Notwithstanding their contribution to fermented foods for flavor innovation, yeast-based ingredients help enhance the productivity and health in growing and lactating animals. Saccharomyces Boulardii is the most commonly used yeast type (ingredient) in the probiotics industry owing to its healing property to help withstand harsh pancreatic and bile juices and other stomach acids.
In addition, rising use of lactobacillus strain as an additive in yogurt and milk products to enhance digestibility and minimize the risk of blotting and acid reflux is a major trend in the market. Moreover, lactobacillus strain is also beneficial in enhancing the texture and flavor of yogurt since it offers a sweet taste. Hence, lactobacillus strain is gaining huge demand across milk and yogurt products, thereby augmenting the market growth of probiotics.
Application Overview:
The market's largest segment by application is the segment Food and Beverage, with a market share of 78.27% in 2022.
Based on product, the market is segmented into three categories, namely, food & beverages, dietary supplements, and animal feed, etc. The food and beverage are further categorized into dairy, non-dairy, cereals, baked food, fermented meat, and dry food probiotics. The dietary supplement is further divided into food supplements, nutritional supplements, specialty nutrients, and infant formula.
Probiotics are incorporated to increase overall nutritive value as well as the flavor of the baked goods. Probiotic muffins and nutritive bars, among others, have been introduced in the market. The consumption of these probiotic-infused baked products has witnessed an increase in recent years on account of rising inclination toward preventive healthcare. Probiotic dietary supplements have become more popular among consumers seeking natural solutions to various health ailments. Probiotics, as opposed to pharmacological solutions, are a natural way of treating a variety of illnesses related to gut health, gastrointestinal conditions, and immunity strengthening. The development of novel delivery systems such as gummies, fizzy powders, as well as chewable products is expected to further boost the growth.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Probiotics market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Probiotics Market Report:
Market Size Estimates: Probiotics market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Probiotics market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Probiotics market
Segment Market Analysis: Probiotics market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Probiotics market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Probiotics Market: Revenue and sales volume of major countries in each region
Probiotics Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Probiotics market in major regions.
Probiotics Industry Value Chain: Probiotics market raw materials & suppliers, manufacturing process, distributors, downstream customers
Probiotics Industry News, Policies & Regulations
Key players in the global Probiotics market are covered in Chapter 12:
Valio
H&H Group
Chr. Hansen
Probiotical
Physician's Choice
Renew Life
Culturelle
Novozymes
Yakult
Align Probiotics
Nature's Bounty
DuPont(Danisco)
Linex(Sandoz)
Glac Biotech
Morinaga Milk Industry
BioCC
Probi
Enterogermina(Sanofi)
Sabinsa
Danone
BioGaia
Nestle
In Chapter 2 and Chapter 15.1, based on types, the Probiotics market from 2018 to 2028 is primarily split into:
Bifidobacterium
Lactobacillus
In Chapter 3 and Chapter 15.2, based on applications, the Probiotics market from 2018 to 2028 covers:
Food & Beverages
Dietary Supplements
Animal Feed
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Probiotics market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028