The global probiotics market surpassed USD 44.2 billion in 2019 and is expected to rise at a CAGR of 7.7% by the end of 2025. Prevalent use of probiotics owing to its high nutritional content along with increasing consumer awareness for adapting a healthy diet are contributing factors driving the global probiotics market.
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The market research on global probiotics market published by adroit market research, comprises of a detailed research of the market from 2015 to 2025. Including factors such as market drivers, challenges and opportunities. The market considers a historic timeline of 2015 to 2017, 2018 being the year of estimation and forecast period of 2019 to 2025. Key players operating in the global probiotics market have been studied in detail.
The global probiotics market is categorized based on application, end-use industry, ingredients. Based on the application segments, the food & beverage segment is estimated to account for the largest share in the probiotics market in 2018. The products in this group include foods & beverages, which, due to their unique ingredients, provide distinct health benefits beyond basic nutrition. The food & beverage sector is the main income-earning industry in all regions which accounts for approximately 68.25% of the total market share.
The yeast segment is expected to be the fastest-growing in the forecast era, based on ingredients. The growing demand for products that contain Saccharomyces boulardii, a special tropical leaven with many beneficial effects on human bowel health. Growing awareness of the health benefits of probiotics has guided probiotic yogurt consumption in developing countries like China, Brazil, and India. A variety of probiotic items are sold in Japanese supermarkets, ranging from fortified foods to candy focused on Lactobacillus strains and Bifidobacterium in general.
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The growth of the probiotic market is hindered with substantial expenditure in R&D activities and investments in laboratory, testing equipment and high cost for hiring qualified professionals. The scientific validity of the application of probiotics is an achievement in this industry. Probiotic applications are related to health benefits, making it difficult for farmers to obtain a decent income from investments on large initial investments.
Arla Foods, Inc.; Lallemand Inc.; Danone; Nestle; Danisco A/S; and Chr. Hansen are some of the key players operating in the market. These players lead the market space with their global presence through well-established distribution channels. To withstand competition, the key players enter into long term supply agreements with various distribution channels. A key observation over the years is the increasing focus of key players to tap the South East Asian markets owing to the presence of a sizable consumer base in the region.
Key Segments of the Global Probiotics Market
Application Overview, 2015-2025 (USD Million)
Functional Food & Beverages
Dairy products
Non-dairy products
Infant formula
Cereals
Others
Dietary supplements
Feed
Ingredient Overview, 2015-2025 (USD Million)
Bacteria
Yeast
End-use Overview, 2015-2025 (USD Million)
Human
Animal
Regional Overview, 2015-2025 (USD Million)
North America
U.S.
Canada
Europe
Germany
Spain
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Middle East & Africa
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What does the report include?
- The study on the global probiotics market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of application, end-use industry, and ingredients. Moreover, the study on probiotics market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global probiotics market is suitable for all the players across the value chain including raw material suppliers, distributors, suppliers and end-use industries
- Venture capitalists and investors looking for more information on the future outlook of the global probiotics market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global probiotics market
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