Probiotics Market is estimated to reach $136.5 Billion by 2024; growing at a CAGR of 8.4% from 2016 to 2024. Probiotics are microorganisms that helps digestive health by producing enzymes beneficial in the digestion of food substances. They are generally found in supplements or food products that are essential for the digestive system. Probiotics aids in the absorption of vitamins and minerals into the blood. They are found in several forms including yogurt, granola bars, capsules, chocolates, and others. Moreover, the benefit of probiotics can be enhanced if used in combination with other health promoting dietary supplement. The increasing global interest in probiotics have led to the expansion of these products and extensive marketing.
Global Probiotics Market Size and Forecast, 2015 - 2024 (US$ Billion)
Rising health consciousness among consumers, overall rise in the global functional good industry, and growing preference towards preventive and natural healthcare therapies are the factors fueling the growth of the market. Moreover, increasing use of probiotics in pediatric healthcare, and increased use in weight management also drives the growth of the market. However, lack of standardized parameters would hamper the market growth. Furthermore, product innovation in the form of biscuits and chocolates and market expansion could provide immense market opportunities for market players.
The global probiotics market is bifurcated on the basis of strain type, dispensing form, application, end user, and geography. Strain type is segmented as yeast, lactobacillus, spore formers, streptococcus, bifidobacterium, and others. By dispensing form, the segment is categorized as liquid drops, sticks and sachets, capsules, tablets-swallowable, tablets-chewable, and others. Application is further bifurcated as probiotic dietary supplements, probiotic food and beverages, and animal feed probiotics. End user is segmented as human probiotics, and animal probiotics.
Global Probiotics market share by region, 2024 (value%)
Based on geography, the probiotics Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into China, Japan, India, Australia, and others while RoW is bifurcated into South America, Middle East and Africa.
Key players profiled in this market includes Nestlé S.A., Danone, Probiotics International Ltd, E. I. DuPont de Nemours and Company, Chr. Hansen Holdings A/S, Chobani, LLC, BioGaia AB, China-Biotics Inc., Lifeway Foods, Inc., and Ganeden, Inc., among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Probiotics Market with respect to major segments such as strain type, dispensing form, application, and end user
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Probiotics Market has been included in the report
- Profile of the key players in the Global Probiotics Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Probiotics Market
Strain Type Segments
- Spore Formers
- Other Strain Types
Dispensing Form Segments
- Liquid Drops
- Sticks and Sachets
- Other Dispensing Forms
- Probiotic Dietary Supplements
- Probiotic Food and Beverages
- Animal Feed Probiotics
End User Segments
- Human Probiotics
- Animal Probiotics
- North America
- Asia Pacific
- South America
- Middle East