
Probiotics Market Size, Share & Trends Analysis Report By Product, By Ingredient (Bacteria, Yeast), By Distribution Channel, By End Use (Human Probiotics, Animal Probiotics), By Region, And Segment Forecasts, 2024 - 2030
Description
Probiotics Market Size, Share & Trends Analysis Report By Product, By Ingredient (Bacteria, Yeast), By Distribution Channel, By End Use (Human Probiotics, Animal Probiotics), By Region, And Segment Forecasts, 2024 - 2030
Probiotics Market Growth & Trends
The global probiotics market size is expected to reach USD 220.14 billion by 2030, registering a CAGR of 14.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing steady growth driven by several factors including shifting dietary preferences toward healthier foods coupled with the rising consumer awareness about digestive health products. Manufacturers in the industry are increasingly focused on distribution agreements and partnerships for probiotic sales. For instance, in September 2020, OptiBiotix Health Plc., a UK-based probiotic nutritional supplement manufacturer, announced an exclusive distribution agreement with Ayalla Marketing for the former’s product distribution in Brazil. In such an agreement, manufacturers often decide the minimum order quantity to facilitate cost-effective shipments.
In addition, Meluka Australia, a company that expanded its probiotic range in collaboration with Probiotics Australia in 2021, also expanded its retail channels through other strategic alliances. The company launched an e-commerce channel via WhatsApp in March 2022. It implemented a conversational messaging technology offered by Gupshup for customer engagement. Its e-commerce store is accessible to Australian customers via the WhatsApp platform. Moreover, e-commerce is increasingly becoming popular owing to the availability of a wide range of supplements and probiotic food products. Various companies, especially new entrants, in the global market are collaborating with e-commerce companies to promote their products as well as achieve maximum market penetration.
In addition, supplement manufacturers are increasingly incorporating functional ingredients into products to increase their nutritional value. Ingredient suppliers and supplement manufacturers are focusing on product innovation to expand their portfolio of probiotics and probiotic-based foods and better cater to the specific nutrition conditions of consumers with digestive health problems. For example, in August 2021, SkinBio Therapeutics launched new probiotic supplements targeted at the skin condition psoriasis. This product launch was aimed at expanding the use of probiotics in different application areas.
Probiotics Market Report Highlights
- The demand for probiotic dietary supplements is expected to grow at a CAGR of 14.1% from 2024 to 2030, driven by the growing consumer awareness of the health benefits offered by probiotic supplements
- The sales of probiotics through supermarkets/hypermarkets dominated the market in 2023 with a revenue share of over 30% and are expected to continue dominance throughout the forecast period. The availability of a wide range of product offerings, also enabling easy comparisons for customers, is expected to drive this dominance
- The demand for probiotics in the Middle East & Africa region is expected to grow at a CAGR of nearly 15% during the forecast period. It is mainly driven by the increasing demand in countries, such as Saudi Arabia, South Africa, and UAE
Table of Contents
100 Pages
- Chapter 1. Probiotics Market: Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information analysis
- 1.4.1. Market formulation & data visualization
- 1.4.2. Data validation & publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
- Chapter 2. Probiotics Market: Executive Summary
- Chapter 3. Probiotics Market: Industry Outlook
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Manufacturing Trends
- 3.3.3. Cost Structure & Profit Margin Analysis
- 3.3.4. Sales Channel Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Drivers
- 3.6.2. Market Restraints
- 3.6.3. Industry Challenges
- 3.7. Industry Analysis Tools
- 3.7.1. Industry Analysis - Porter’s Five Forces Analysis
- 3.7.1.1. Threat of New Entrants
- 3.7.1.2. Bargaining Power of Suppliers
- 3.7.1.3. Bargaining Power of Buyers
- 3.7.1.4. Threat of Substitutes
- 3.7.1.5. Competitive Rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political Landscape
- 3.7.2.2. Economic Landscape
- 3.7.2.3. Social Landscape
- 3.7.2.4. Technology Landscape
- 3.7.2.5. Environmental Landscape
- 3.7.2.6. Legal Landscape
- 3.7.3. Major Deals & Strategic Alliances
- Chapter 4. Global Probiotics Market: Product Estimates & Trend Analysis
- 4.1. Definitions & Scope
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030 (USD Million)
- 4.3. Probiotics Market Estimates & Forecast, by Product (USD Million)
- 4.3.1. Probiotic Food & Beverages
- 4.3.1.1. Dairy Products
- 4.3.1.2. Non - dairy
- 4.3.1.3. Cereals
- 4.3.1.4. Baked Food
- 4.3.1.5. Fermented Meat
- 4.3.1.6. Dry Foods
- 4.3.2. Probiotic Dietary Supplements
- 4.3.2.1. Food Supplements
- 4.3.2.2. Nutritional Supplements
- 4.3.2.3. Specialty Supplements
- 4.3.2.4. Infant Formula
- 4.3.3. Animal Feed
- Chapter 5. Global Probiotics Market: Ingredient Estimates & Trend Analysis
- 5.1. Definitions & Scope
- 5.2. Ingredient Movement Analysis & Market Share, 2023 & 2030 (USD Million)
- 5.3. Probiotics Market Estimates & Forecast, by Application (USD Million)
- 5.3.1. Bacteria
- 5.3.2. Yeast
- Chapter 6. Global Probiotics Market: End - Use Estimates & Trend Analysis
- 6.1. Definitions & Scope
- 6.2. End - Use Movement Analysis & Market Share, 2023 & 2030 (USD Million)
- 6.3. Global Probiotics Market Estimates & Forecast, by End - Use (USD Million)
- 6.3.1. Human Probiotics
- 6.3.2. Animal Probiotics
- Chapter 7. Global Probiotics Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Definitions & Scope
- 7.2. Distribution Channel Movement Analysis & Market Share, 2023 & 2030 (USD Million)
- 7.3. Global Probiotics Market Estimates & Forecast, by Distribution Channel (USD Million)
- 7.3.1. Hypermarkets/Supermarkets
- 7.3.2. Pharmacies/Drugstores
- 7.3.3. Specialty Stores
- 7.3.4. Online Stores
- 7.3.5. Others
- Chapter 8. Probiotics Market: Regional Estimates & Trend Analysis
- 8.1. Key Takeaways
- 8.2. Regional Movement Analysis & Market Share, 2023 & 2030 (USD Million)
- 8.3. North America
- 8.3.1. North America Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.S.
- 8.3.2.1. U.S. Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Canada
- 8.3.3.1. Canada Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. Mexico
- 8.3.4.1. Mexico Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Europe
- 8.4.1. Europe Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Germany
- 8.4.2.1. Germany Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. UK
- 8.4.3.1. UK Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. France
- 8.4.4.1. France Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Italy
- 8.4.5.1. Italy Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Spain
- 8.4.6.1. Spain Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Asia Pacific Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. China
- 8.5.2.1. China Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. India
- 8.5.3.1. India Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.4. Japan
- 8.5.4.1. Japan Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.5. Australia & New Zealand
- 8.5.5.1. Australia & New Zealand Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.5. South Korea
- 8.5.5.1. South Korea Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Central & South America
- 8.6.1. Central & South America Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Brazil Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.7. Middle East & Africa
- 8.7.1. Middle East & Africa Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.7.2. Saudi Arabia
- 8.7.2.1. Saudi Arabia Probiotics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Their Impacts on the Industry
- 9.2. Company Categorization
- 9.3. Participant’s Overview
- 9.3.1. Arla Foods Group
- 9.3.2. BioGaia AB
- 9.3.3. Chr. Hansen Holding A/S
- 9.3.4. Danone
- 9.3.5. DuPont De Nemours, Inc.
- 9.3.6. General Mills, Inc.
- 9.3.7. i - Health, Inc.
- 9.3.8. Lallemand Inc.
- 9.3.9. Lifeway Foods Inc
- 9.3.10. Mother Dairy Fruit & Vegetable Pvt. Ltd
- 9.3.11. Kerry
- 9.3.12. Nestle S.A.
- 9.3.13. Probi AB
- 9.3.14. Yakult Honsha Co., Ltd.
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
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