
Probiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Probiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global probiotics market size reached US$ 59.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 92.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Probiotics are live microorganisms like bacteria and yeast, which are ingested or administered in the body to prevent and treat certain health conditions. These conditions include curing diarrhea, constipation, inflammatory bowel disease (IBD), irritable bowel syndrome (IBS), yeast infections, urinary tract infections, gum disease, lactose intolerance, eczema, upper respiratory infections, and sepsis. Probiotics aid in weight loss, improving digestion, strengthening the immune function, and obtaining healthy skin. As a result, probiotics are added to different drugs, beverages, food products and dietary supplements that are consumed around the world.
Probiotics Market Trends:
There is present a considerable increase in the prevalence of lifestyle and chronic diseases globally. Consequently, there is a rise in the adoption of preventive healthcare, involving annual check-ups, immunizations, flu shots and the consumption of dietary supplements, among individuals on account of the development of efficient probiotic strains. This represents one of the key factors driving the market. Moreover, governments of several countries are implementing stringent regulations to use probiotics in nutraceuticals and nutricosmetics across the globe. This, coupled with the increasing utilization of probiotics in infant products, is propelling the growth of the market. In addition, the rising demand for probiotics as an immunity booster to offer robust protection against gastrointestinal pathogens and promote the production of natural antibodies in the body is positively influencing the market. Besides this, the increasing popularity of strains as a natural, cost-effective, and safe substitute for pharmacological solutions is offering lucrative growth opportunities to industry investors. Additionally, key market players are extensively investing in research and development (R&D) activities to develop plant-based probiotics, which is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global probiotics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on ingredient, distribution channel, application and form.
Breakup by Ingredient:
Bacteria
Yeast
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Pharmacies/Drugstores
Specialty Stores
Online Stores
Others
Breakup by Application:
Food and Beverages
Dietary Supplements
Animal Feed
Breakup by Form:
Dry
Liquid
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Biogaia AB, Chr. Hansen Holding A/S, Danone S.A., General Mills Inc, i-Health Inc (Koninklijke DSM N.V.), Kerry Group plc, Lallemand Inc., Lifeway Foods Inc, Morinaga Milk Industry Co. Ltd., Nestlé S.A., PepsiCo Inc, Probi (Symrise AG) and Yakult Honsha Co.Ltd.
Key Questions Answered in This Report
1. What was the size of the global probiotics market in 2022?
2. What is the expected growth rate of the global probiotics market during 2023-2028?
3. What are the key factors driving the global probiotics market?
4. What has been the impact of COVID-19 on the global probiotics market?
5. What is the breakup of the global probiotics market based on the ingredient?
6. What is the breakup of the global probiotics market based on the distribution channel?
7. What is the breakup of the global probiotics market based on application?
8. What is the breakup of the global probiotics market based on the form?
9. What are the key regions in the global probiotics market?
10. Who are the key players/companies in the global probiotics market?
Table of Contents
136 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global Probiotics Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Forecast
- 6 Market Breakup by Ingredient
- 6.1Bacteria
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2Yeast
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Distribution Channel
- 7.1Supermarkets and Hypermarkets
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Pharmacies/Drugstores
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3Specialty Stores
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4Online Stores
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 8 Market Breakup by Application
- 8.1Food and Beverages
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2Dietary Supplements
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3Animal Feed
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Form
- 9.1Dry
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2Liquid
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Region
- 10.1North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1Overview
- 11.2Strengths
- 11.3Weaknesses
- 11.4Opportunities
- 11.5Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1Overview
- 13.2Bargaining Power of Buyers
- 13.3Bargaining Power of Suppliers
- 13.4Degree of Competition
- 13.5Threat of New Entrants
- 13.6Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1Market Structure
- 15.2Key Players
- 15.3Profiles of Key Players
- 15.3.1Biogaia AB
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2Chr. Hansen Holding A/S
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3Danone S.A.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4General Mills Inc
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5i-Health Inc (Koninklijke DSM N.V.)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6Kerry Group plc
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7Lallemand Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8Lifeway Foods Inc
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9Morinaga Milk Industry Co. Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10Nestlé S.A.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11PepsiCo Inc
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12Probi (Symrise AG)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13Yakult Honsha Co.Ltd.
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
Pricing
Currency Rates
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