Probiotics Market

Probiotics Market by Product Type (Functional Food & Beverages, Dietary Supplements, and Feed), Ingredient (Bacteria and Yeast), End User (Human and Animal), Distribution Channel, and Region - Global Forecast to 2027

Report Code: FB 2269 Oct, 2022, by marketsandmarkets.com

Probiotics market is predicted to progress rapidly at a CAGR of 8.1% to reach USD 85.4 billion by 2027. The global market is estimated to be valued at USD 57.8 billion in 2022. Probiotics are living microorganisms that have been shown to provide specific health benefits to consumers. They are known to support gut health and help in running the digestive system smoothly. Yogurt is one of the prime natural sources of probiotics. A rise in the number of health-conscious consumers, a rise in probiotics awareness, an aging population, and an increase in the number of gut-related disorders is driving the market of probiotic products. High demand for meat consumption across the globe is also fueling the feed probiotics market.

Probiotics Market

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Market Dynamics

Drivers: Participation of international bodies in the R&D of probiotic products

Probiotics are recognized globally for their health benefits in humans and animals. Owing to their increasing benefits, international bodies such as the WHO, the IPA, as well as the International Scientific Association for Probiotics and Prebiotics are spreading awareness related to probiotics. Associations, along with national governments, draft the regulation and investment policies for the R&D of probiotics, therefore driving the market for probiotics.

Restraints: High R&D costs for developing new probiotic strains

Substantial investments in R&D activities, as well as investments in laboratories, research equipment, and the high cost of hiring trained professionals, create barriers to the development of the probiotics market. Probiotic strains and products are developed and produced as per international food regulations. Owing to the high cost of production, the cost of the final product is also high. Probiotic products are marketed and distributed through different distribution channels. They are also packaged differently. Thus, these factors add to the product price, making them expensive , therefore restraining consumer buying behavior, making it a challenge for players in the industry.

Opportunities: Ban on the use of antibiotic growth promoters in feed in the EU

In 2006, the EU banned the use of antibiotics in feed. AGPs are chemicals/drugs that are added to feed to improve the growth and quantity of animal produce. According to the EU, the use of these drugs led to the development of antibiotic-resistant microbes to treat infections in humans and animals. Antibiotic residues in meat and other animal products affect human health. Along with the EU, the FAO has also restricted the use of antibiotics in feed. Such actions have opened up huge investment opportunities for probiotic manufacturers as feed manufacturers are exploring alternatives to enhance product quality.

Challenges: Complexities in integrating probiotics in functional foods

Probiotics integration in food products is a brilliant health and marketing innovation to attract consumers. However, developing probiotics integrated functional foods is challenging due to their complex and expensive development procedures. Moreover, the launch of a new food product in market requires passing through a stringent food safety regulatory framework of the country, which is a time consuming and expensive procedure.  The success of a fortified food product also depends on technological conditions, as well as consumer demand.. Probiotic strains are also prone to changes in pH and temperature. Thus, preservation of these probiotic microorganisms is challenging..

Dietary supplements product type in the probiotics market is projected to grow at the highest CAGR of 8.1% during the forecast period

People consume probiotics-based dietary supplements to substitute their nutrient requirements. They are a faster and more efficient way of nutrient supplements. With changing fast-paced lifestyles, especially in countries such as the US, the preference for dietary supplements is high. Thus, In North America, the presence of major players, such as ADM(US), and International Flavors & Fragrances Inc. (US), in the probiotics industry has expanded consumption in this region due to their wide offerings. The demand for dietary supplements is also rising in the Asia Pacific region, thus making the dietary supplements segment the fastest-growing segment during the forecast period.

Bacteria is estimated to dominate over the forecasted period

Bacterial strains such as Lactobacillus and Bifidobacterium are widely used in probiotic products for human and animal consumption. They have been a popular source historically and have been widely researched microorganisms. Thus, with the rise in positive perceptions of consumers towards probiotics, the bacteria segment will continue to dominate the probiotics market during the forecast period.

The most popular distribution channel for probiotics are hypermarkets & supermarkets, with an estimated market value of USD 19.15 billion in 2022

The expansion of supermarkets and hypermarkets, especially in the Asia Pacific, is expected to create high growth prospects for probiotic manufacturers in the coming years. Consumers are willing to visit supermarkets and pay premium prices for products with nutritive benefits. The trend of leading a healthy lifestyle is attracting youngsters in the country to shop in supermarkets, even if it is expensive. The growing popularity of online mode of distribution channels has urged supermarkets to adopt different strategies. For instance, in-store promotions and on-site demonstrations are some of the strategies adopted by supermarkets and hypermarkets. Thus, hypermarkets & supermarkets are anticipated to rule during the forecast period.

Probiotics Market Size, and Share

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Asia Pacific dominated the probiotics market, in 2022; it is anticipated to grow at a significant CAGR

In 2022, Asia Pacific's share of the worldwide probiotics market was estimated to be significant. China, Japan, India, and Australia & New Zealand are among the Asia Pacific nations taken into account for the study of the probiotics market. One of the main factors influencing the market adoption of probiotics is consumer awareness of probiotics-related health benefits due to the widespread presence of the Japanese brand “Yakult.” China and Japan are among the largest probiotic markets in the region, whereas Australia and New Zealand are the fastest-growing countries. In the probiotic dietary supplements space, demand is expected to be large in Japan, where the older population is large in number. The feed probiotics industry is also well-established in the region due to high meat demand. China, a major market for probiotics, is the largest producer and consumer of meat in the world, which drives the demand in the feed probiotics market as well. Moreover, the increasing population, thriving economies, and growing preference for functional food are further expected to boost the market in the coming times.

Key Market Players

The key players in this market include Danone (France), Yakult Honsha Co., Ltd. (Japan), ADM (US), Probi (Sweden), and Nestle (Switzerland)

Report Scope

Report Metric

Details

Revenue forecast

85.4 billion by 2027

Growth rate

CAGR of 8.1%

Market size estimation

2022–2027

Base year considered

2021

Forecast period considered

2022–2027

Units considered

Value (USD), Volume (KT)

Segments covered

 

By product type, ingredient, end user, distribution channel, and region 

Regions covered

North America, Asia Pacific, Europe, South America and RoW

Companies studied

  • Probi (Sweden)
  • Nestle (Switzerland)
  • ADM (US)
  • Danone (France)
  • International Flavors & Fragrances Inc. (US)
  • Yakult Honsha Co., Ltd. (Japan)
  • General Mills Inc. (US)
  • Chr. Hansen Holding A/S Inc. (Denmark)
  • BiGaia (Sweden)
  • Morinaga Milk Industry Co., Ltd. (Japan)
  • SACCO System (Italy)
  • Winclove Probiotics (Netherlands)
  • AB-Biotics (Spain)
  • Glac Biotech (Taiwan)
  • Lallemand (Canada)
  • BIOHM Health (US)
  • Sun Genomics (US)
  • Unique Biotech Ltd. (India)
  • Probiotical S.p.A (Italy)
  • Adisseo (China)
  • NextFoods, Inc. (US)
  • Lifeway Foods, Inc. (US)
  • I-Health Inc. (US)
  • Suja Life, LLC (US)
  • So Good So You (US)

This research report categorizes the probiotics market, based on product type, ingredients, end user, distribution channel, and region

Target Audience:

  • Probiotics raw material (ingredients) suppliers
  • Probiotics product type manufacturers
  • Intermediate suppliers, such as traders and distributors of probiotics-based food and beverages, dietary supplements, and feed
  • Probiotics-fortified food and feed exporting companies
  • Government and probiotics research organizations
  • Associations, regulatory bodies, and other industry-related bodies:
    • Food and Agriculture Organization (FAO)
    • European Food Safety Authority (EFSA)
    • The Association of American Feed Control Officials
    • International Probiotics Association
    • The International Scientific Association for Probiotics and Prebiotics
    • Probiotic Association of India
    • World Health Organization (WHO)
By Product Type
  • Functional Food & Beverages
    • Dairy products
    • Non-dairy beverages
    • Infant formula
    • Cereals
    • Other functional food & beverages
  • Dietary Supplements
    • Tablets
    • Capsules
    • Powder
    • Liquids
    • Soft gels
    • Gel caps
  • Feed
By Ingredients
  • Bacteria
    • Lactobacilli
    • Streptococcus thermophiles
    • Bifidobacteria
  • Yeast
    • Saccharomyces boulardii
    • Other yeasts
By End User
  • Human
  • Animal
By Distribution channel
  • Hypermarkets & Supermarkets
  • Pharmacies/Drugstores
  • Specialty stores
  • Online
  • Convenience Stores/ Small Retail Formats
By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Probiotics Market Report Recent Developments

  • In May 2021, BioGaia launched Osfortis in the Chinese market via the cross-border e-commerce (CBEC) channel. Osfortis is a probiotic dietary supplement containing patented lactic acid. China is BioGaia’s first Asian market and would help the company tap the region's high demand potential to its benefit.
  • In February 2022, AB-Biotics entered into a strategic partnership with AceBiome to spread the presence of AB21 probiotics through various pharmacies and digital channels in South Korea. The company undertook this strategic initiative to expand its customer base and geographical reach and exploit the rising business opportunities in the Asia Pacific region.
  • In August 2021, Chr. Hansen introduced a new portfolio with the launch of three products in the probiotics category that supports pets’ well-being and development. The portfolio launch will help the company expand into the probiotic pet market, which is expected to grow at a fast rate.
  • In October 2021, Doolies, which is a fruit and fiber-packed snack for young kids, was launched by General Mills Inc. (US). It contains the stable probiotic BC-30 that supports digestive and immune health. The product launch will help the company expand its probiotics portfolio that caters to the kid population.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 REGIONS COVERED
    1.5 YEARS CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2021
    1.7 VOLUME UNITS CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 2 PROBIOTICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key primary insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 APPROACH ONE – BOTTOM-UP (BASED ON INGREDIENT AND REGION)
           2.2.2 APPROACH TWO – TOP-DOWN (BASED ON GLOBAL MARKET)
    2.3 DATA TRIANGULATION
           FIGURE 3 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
    2.5 STUDY LIMITATIONS AND RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 2 PROBIOTICS MARKET SNAPSHOT, 2022 VS. 2027
    FIGURE 4 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022 VS. 2027 (USD BILLION)
    FIGURE 5 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022 VS. 2027 (USD BILLION)
    FIGURE 6 PROBIOTICS MARKET SIZE, BY END USER, 2022 VS. 2027 (USD BILLION)
    FIGURE 7 PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS. 2027 (USD BILLION)
    FIGURE 8 PROBIOTICS MARKET SHARE (VALUE), BY REGION, 2021

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN PROBIOTICS MARKET
           FIGURE 9 HEALTH BENEFITS ASSOCIATED WITH PROBIOTIC FORTIFIED FOODS & BEVERAGES TO PROPEL MARKET
    4.2 ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE AND COUNTRY
           FIGURE 10 CHINA AND FUNCTIONAL FOOD & BEVERAGES SEGMENT TO ACCOUNT FOR LARGEST SHARES IN ASIA PACIFIC PROBIOTICS MARKET IN 2021
    4.3 PROBIOTICS MARKET, BY PRODUCT TYPE
           FIGURE 11 FUNCTIONAL FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 PROBIOTICS MARKET FOR FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUB TYPE
           FIGURE 12 DAIRY PRODUCTS SEGMENT TO DOMINATE MARKET
    4.5 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL
           FIGURE 13 HYPERMARKETS & SUPERMARKETS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.6 PROBIOTICS MARKET, BY END USER
           FIGURE 14 HUMAN SEGMENT TO COMMAND LARGEST MARKET SHARE DURING STUDY PERIOD
    4.7 PROBIOTICS MARKET, BY INGREDIENT
           FIGURE 15 BACTERIA SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 INCREASE IN RETAIL SALES
                    FIGURE 16 RETAIL AND FOOD SERVICE SALES IN US (BILLION USD)
    5.3 MARKET DYNAMICS
           FIGURE 17 PROBIOTICS MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Health benefits associated with probiotic-fortified foods
                               FIGURE 18 US CHEESE EXPORT TO MAJOR DESTINATIONS, 2015−2020 (THOUSAND TONNES, PRODUCT WEIGHT)
                    5.3.1.2 Increasing popularity of probiotic dietary supplements
                    5.3.1.3 Participation of international bodies in R&D of probiotic products
                    5.3.1.4 Rising health consciousness among consumers
                    5.3.1.5 Technological advancements in probiotic products
           5.3.2 RESTRAINTS
                    5.3.2.1 International quality standards and regulations for probiotic products
                    5.3.2.2 High R&D costs for developing new probiotic strains
                    5.3.2.3 Instances of allergies to some probiotic supplements
                    5.3.2.4 Restraints regarding probiotic efficacy
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Replacement of pharmaceutical agents by probiotics
                    5.3.3.2 Ban on use of antibiotic growth promoters in feed in EU
                    5.3.3.3 Increase in demand for probiotics in developed economies
                               FIGURE 19 PER CAPITA DAIRY PRODUCT CONSUMPTION IN US, 2015−2022 (POUNDS PER PERSON)
                    5.3.3.4 Change in consumption pattern with growing incidence of chronic diseases
                               FIGURE 20 NUMBER OF PEOPLE WITH CHRONIC CONDITIONS IN US, 2010−2030 (IN MILLION)
                    5.3.3.5 Rising consumer awareness related to value-added products
                    5.3.3.6 Use of yeast probiotics as antibiotics or growth promoters
           5.3.4 CHALLENGES
                    5.3.4.1 Complexities in integrating probiotics in functional foods
                    5.3.4.2 Intolerance of probiotics to stomach acid and bile

6 INDUSTRY TRENDS (Page No. - 66)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.2.2 SOURCING
           6.2.3 PRODUCTION AND PROCESSING
           6.2.4 PACKAGING & STORAGE
           6.2.5 DISTRIBUTION, SALES, AND MARKETING
                    FIGURE 21 VALUE CHAIN ANALYSIS OF PROBIOTICS MARKET
    6.3 SUPPLY CHAIN ANALYSIS
           FIGURE 22 SUPPLY CHAIN ANALYSIS OF PROBIOTICS MARKET
    6.4 TECHNOLOGY ANALYSIS
           6.4.1 MULTI-LAYER EMBEDDING
           6.4.2 MICROENCAPSULATED POWDER FOR PROBIOTICATION IN FOOD PRODUCTS
           6.4.3 PROBIOTICS AND ARTIFICIAL INTELLIGENCE
    6.5 PRICING ANALYSIS
           6.5.1 AVERAGE SELLING PRICES, BY APPLICATION
                    FIGURE 23 GLOBAL AVERAGE SELLING PRICES, BY APPLICATION
                    TABLE 3 FUNCTIONAL FOOD & BEVERAGES: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TON)
                    TABLE 4 DIETARY SUPPLEMENTS: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TON)
                    TABLE 5 FEED: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TON)
                    TABLE 6 AVERAGE SELLING PRICE OF KEY MARKET PLAYERS, BY APPLICATION, 2021 (USD/TON)
    6.6 MARKET MAPPING AND ECOSYSTEM ANALYSIS
           6.6.1 SUPPLY SIDE ANALYSIS
           6.6.2 DEMAND SIDE ANALYSIS
                    FIGURE 24 PROBIOTICS MARKET MAPPING
                    FIGURE 25 ECOSYSTEM MAPPING OF PROBIOTICS MARKET
                    TABLE 7 PROBIOTICS MARKET: SUPPLY CHAIN (ECOSYSTEM)
    6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
           FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
    6.8 PATENT ANALYSIS
           FIGURE 27 NUMBER OF PATENTS GRANTED BETWEEN 2012 AND 2021
           FIGURE 28 TOP 10 INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
           FIGURE 29 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
           TABLE 8 PATENTS PERTAINING TO PROBIOTICS, 2020–2022
    6.9 TRADE DATA: PROBIOTICS MARKET
           TABLE 9 TOP 10 IMPORTERS AND EXPORTERS OF LACTOBACILLUS, 2021 (KG)
    6.10 PORTER’S FIVE FORCES ANALYSIS
           TABLE 10 PROBIOTICS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.10.1 DEGREE OF COMPETITION
           6.10.2 BARGAINING POWER OF SUPPLIERS
           6.10.3 BARGAINING POWER OF BUYERS
           6.10.4 THREAT OF SUBSTITUTES
           6.10.5 THREAT OF NEW ENTRANTS
    6.11 CASE STUDIES
                    TABLE 11 NESTLE: SPICED APPLE DRINKABLE YOGURT
                    TABLE 12 DANONE: PLANT SOLUTIONS
    6.12 KEY CONFERENCES AND EVENTS
                    TABLE 13 KEY CONFERENCES AND EVENTS IN PROBIOTICS MARKET, 2022–2023
    6.13 TARIFF AND REGULATORY LANDSCAPE
                    TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.14 REGULATORY FRAMEWORK
           6.14.1 NORTH AMERICA
                    6.14.1.1 US
                    6.14.1.2 Canada
           6.14.2 EUROPE
           6.14.3 ASIA PACIFIC
                    6.14.3.1 Japan
                    6.14.3.2 Australia and New Zealand
                    6.14.3.3 India
           6.14.4 SOUTH AMERICA
                    6.14.4.1 Brazil
    6.15 KEY STAKEHOLDERS AND BUYING CRITERIA
           6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR KEY PRODUCT TYPE
                    TABLE 17 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           6.15.2 BUYING CRITERIA
                    TABLE 18 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
                    FIGURE 31 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR

7 PROBIOTICS MARKET, BY PRODUCT TYPE (Page No. - 92)
    7.1 INTRODUCTION
           FIGURE 32 GLOBAL PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022 VS. 2027 (USD BILLION)
           TABLE 19 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD BILLION)
           TABLE 20 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
           TABLE 21 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (KT)
           TABLE 22 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (KT)
    7.2 FUNCTIONAL FOOD & BEVERAGES
           TABLE 23 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
           TABLE 24 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
           TABLE 25 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 2019–2021 (KT)
           TABLE 26 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 2022–2027 (KT)
           TABLE 27 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
           TABLE 28 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
           7.2.1 DAIRY PRODUCTS
                    7.2.1.1 Rising consumption of dairy products due to health-related benefits to boost market
           7.2.2 NON-DAIRY BEVERAGES
                    7.2.2.1 Increase in lactose-intolerant consumers to stimulate growth
           7.2.3 INFANT FORMULA
                    7.2.3.1 Rise in consumption of fortified infant nutrition to accelerate growth
           7.2.4 CEREALS
                    7.2.4.1 Changing consumer lifestyles and rise in demand for ready-to-eat food items to propel segment
           7.2.5 OTHER FUNCTIONAL FOOD & BEVERAGES
                    7.2.5.1 Innovations in probiotics industry through nutrition bars and snacks to drive segment
    7.3 DIETARY SUPPLEMENTS
           TABLE 29 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
           TABLE 30 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
           TABLE 31 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2019–2021 (KT)
           TABLE 32 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2022–2027 (KT)
           TABLE 33 DIETARY SUPPLEMENTS MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
           TABLE 34 DIETARY SUPPLEMENTS MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
           7.3.1 TABLETS
                    7.3.1.1 Longevity of tablet form of medication to propel growth
           7.3.2 CAPSULES
                    7.3.2.1 Rapid absorption of nutrients through capsules to drive demand
           7.3.3 POWDERS
                    7.3.3.1 Easy release of active ingredients to boost market
           7.3.4 LIQUIDS
                    7.3.4.1 High absorption of liquids to stimulate growth
           7.3.5 SOFT GELS
                    7.3.5.1 Relative low cost of soft gels to propel market
           7.3.6 GEL CAPS
                    7.3.6.1 Safety of gel caps to stimulate growth
    7.4 FEED
           7.4.1 RISING TREND FOR PROVIDING PETS WITH HIGH-QUALITY AND HEALTHY WET AND DRY MEALS TO DRIVE MARKET
                    TABLE 35 FEED MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
                    TABLE 36 FEED MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
                    TABLE 37 FEED MARKET SIZE, BY REGION, 2019–2021 (KT)
                    TABLE 38 FEED MARKET SIZE, BY REGION, 2022–2027 (KT)

8 PROBIOTICS MARKET, BY INGREDIENT (Page No. - 108)
    8.1 INTRODUCTION
           TABLE 39 DIVERSITY OF PROBIOTICS
           TABLE 40 HEALTH BENEFITS OF PROBIOTIC MICROORGANISMS
           FIGURE 33 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022 VS. 2027 (USD BILLION)
           TABLE 41 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2019–2021 (USD BILLION)
           TABLE 42 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022–2027 (USD BILLION)
    8.2 BACTERIA
           TABLE 43 BACTERIA MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
           TABLE 44 BACTERIA MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
           TABLE 45 BACTERIA: PROBIOTICS MARKET SIZE, BY TYPE, 2019–2021 (USD BILLION)
           TABLE 46 BACTERIA: PROBIOTICS MARKET SIZE, BY TYPE, 2022–2027 (USD BILLION)
           8.2.1 LACTOBACILLI
                    8.2.1.1 Lactobacillus acidophilus
                               8.2.1.1.1 Rise in consumption of fermented foods, cheese, and yogurt to propel segment
                    8.2.1.2 Lactobacillus rhamnosus
                               8.2.1.2.1 Adaptable nature of probiotic culture to boost segment
                    8.2.1.3 Lactobacillus casei
                               8.2.1.3.1 Control of diarrhea and reduction of inflammation to accelerate segment
                    8.2.1.4 Lactobacillus reuteri
                               8.2.1.4.1 Benefits in gastrointestinal disorders to accelerate segment
           8.2.2 BIFIDOBACTERIUM
                    8.2.2.1 Benefits of Bifidobacteria against chronic ailments to boost segment
           8.2.3 STREPTOCOCCUS THERMOPHILUS
                    8.2.3.1 Growing application of Streptococcus thermophilus in food and feed industry to stimulate growth
    8.3 YEAST
           TABLE 47 YEAST MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
           TABLE 48 YEAST MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
           TABLE 49 YEAST: PROBIOTICS MARKET SIZE, BY TYPE, 2019–2021 (USD BILLION)
           TABLE 50 YEAST: PROBIOTICS MARKET SIZE, BY TYPE, 2022–2027 (USD BILLION)
           TABLE 51 BENEFICIAL EFFECTS OF YEAST
           8.3.1 SACCHAROMYCES BOULARDII
                    8.3.1.1 GI stress-resistant nature of Saccharomyces boulardii to accelerate segment
           8.3.2 OTHER YEASTS
                    8.3.2.1 Cost-effectiveness, popularity, and proven benefits to boost segment

9 PROBIOTICS MARKET, BY END USER (Page No. - 120)
    9.1 INTRODUCTION
           FIGURE 34 HUMAN SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027 (USD BILLION)
           TABLE 52 PROBIOTICS MARKET SIZE, BY END USER, 2019–2021 (USD BILLION)
           TABLE 53 PROBIOTICS MARKET SIZE, BY END USER, 2022–2027 (USD BILLION)
    9.2 HUMAN
           9.2.1 RISING TREND OF CONSUMING FUNCTIONAL FOODS DUE TO HEALTH CONSCIOUSNESS TO DRIVE MARKET
                    TABLE 54 PROBIOTICS MARKET SIZE FOR HUMANS, BY REGION, 2019–2021 (USD BILLION)
                    TABLE 55 PROBIOTICS MARKET SIZE FOR HUMANS, BY REGION, 2022–2027 (USD BILLION)
    9.3 ANIMAL
           9.3.1 BAN ON SYNTHETIC ANTIBIOTICS TO BOOST MARKET IN FEED
                    TABLE 56 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED
                    TABLE 57 PROBIOTICS MARKET SIZE FOR ANIMALS, BY REGION, 2019–2021 (USD BILLION)
                    TABLE 58 PROBIOTICS MARKET SIZE FOR ANIMALS, BY REGION, 2022–2027 (USD BILLION)

10 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL (Page No. - 126)
     10.1 INTRODUCTION
               FIGURE 35 GLOBAL PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS. 2027 (USD BILLION)
               TABLE 59 PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2021 (USD BILLION)
               TABLE 60 PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022–2027 (USD BILLION)
     10.2 HYPERMARKETS/SUPERMARKETS
             10.2.1 EXPANSION OF SUPERMARKETS IN ASIA PACIFIC TO DRIVE GROWTH
                       TABLE 61 HYPERMARKETS/SUPERMARKETS MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
                       TABLE 62 HYPERMARKETS/SUPERMARKETS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
     10.3 PHARMACIES/DRUGSTORES
             10.3.1 RISE IN AWARENESS OF PROBIOTICS SUPPLEMENTS IN DEVELOPED COUNTRIES TO POPULARIZE PHARMACIES
                       TABLE 63 PHARMACIES/DRUGSTORES MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
                       TABLE 64 PHARMACIES/DRUGSTORES MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
     10.4 SPECIALTY STORES
             10.4.1 CUSTOMER SPECIFICITY AND PRODUCT QUALITY PERCEPTION TO PROPEL SEGMENT
                       TABLE 65 SPECIALTY STORES MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
                       TABLE 66 SPECIALTY STORES MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
     10.5 ONLINE
             10.5.1 COVID-19 AND LIFESTYLE CHANGES TO FAVOR ONLINE DISTRIBUTION CHANNELS
                       TABLE 67 ONLINE MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
                       TABLE 68 ONLINE MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
     10.6 CONVENIENCE STORES/SMALL RETAIL FORMATS
             10.6.1 CONSUMERS TO EASILY ACCESS PROBIOTICS THROUGH CONVENIENCE STORES
                       TABLE 69 CONVENIENCE STORES/SMALL RETAIL FORMATS MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
                       TABLE 70 CONVENIENCE STORES/SMALL RETAIL FORMATS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)

11 PROBIOTICS MARKET, BY REGION (Page No. - 134)
     11.1 INTRODUCTION
               FIGURE 36 RAPIDLY GROWING MARKETS ARE EMERGING AS NEW HOT SPOTS
               TABLE 71 PROBIOTICS MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
               TABLE 72 PROBIOTICS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
               TABLE 73 PROBIOTICS MARKET SIZE, BY REGION, 2019–2021 (KT)
               TABLE 74 PROBIOTICS MARKET SIZE, BY REGION, 2022–2027 (KT)
     11.2 NORTH AMERICA
               TABLE 75 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 2019–2021 (USD BILLION)
               TABLE 76 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 2022–2027 (USD BILLION)
               TABLE 77 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 78 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 79 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (KT)
               TABLE 80 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (KT)
               TABLE 81 NORTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 82 NORTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 83 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2021 (USD BILLION)
               TABLE 84 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022–2027 (USD BILLION)
               TABLE 85 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 2019–2021 (USD BILLION)
               TABLE 86 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 2022–2027 (USD BILLION)
               TABLE 87 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2019–2021 (USD BILLION)
               TABLE 88 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022–2027 (USD BILLION)
             11.2.1 US
                       11.2.1.1 Rising digestive health awareness to propel growth
                                   TABLE 89 US: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 90 US: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.2.2 CANADA
                       11.2.2.1 Demand for high-quality and innovative feed products to accelerate probiotics production and consumption
                                   TABLE 91 CANADA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 92 CANADA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.2.3 MEXICO
                       11.2.3.1 Consumer inclination toward healthy diets to propel market
                                   TABLE 93 MEXICO: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 94 MEXICO: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
     11.3 EUROPE
               FIGURE 37 EUROPE: MARKET SNAPSHOT
               TABLE 95 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 2019–2021 (USD BILLION)
               TABLE 96 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 2022–2027 (USD BILLION)
               TABLE 97 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 98 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 99 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (KT)
               TABLE 100 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (KT)
               TABLE 101 EUROPE: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 102 EUROPE: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 103 EUROPE: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2021 (USD BILLION)
               TABLE 104 EUROPE: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022–2027 (USD BILLION)
               TABLE 105 EUROPE: PROBIOTICS MARKET SIZE, BY END USER, 2019–2021 (USD BILLION)
               TABLE 106 EUROPE: PROBIOTICS MARKET SIZE, BY END USER, 2022–2027 (USD BILLION)
               TABLE 107 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2019–2021 (USD BILLION)
               TABLE 108 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022–2027 (USD BILLION)
             11.3.1 RUSSIA
                       11.3.1.1 Rise in meat production and Russian Agriculture Ministry initiatives on livestock to propel market
                                   TABLE 109 RUSSIA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 110 RUSSIA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.3.2 UK
                       11.3.2.1 Rising health and probiotics products awareness to boost market
                                   TABLE 111 UK: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 112 UK: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.3.3 ITALY
                       11.3.3.1 Preference for probiotics products and awareness about their health benefits to accelerate market
                                   TABLE 113 ITALY: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 114 ITALY: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.3.4 GERMANY
                       11.3.4.1 Expanding German food processing industry to boost market
                                   TABLE 115 GERMANY: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 116 GERMANY: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.3.5 SPAIN
                       11.3.5.1 Rise in demand and production of poultry meat to drive market
                                   TABLE 117 SPAIN: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 118 SPAIN: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.3.6 REST OF EUROPE
                       11.3.6.1 Rise in aging population and obesity to drive market
                                   TABLE 119 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 120 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
     11.4 ASIA PACIFIC
               FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 121 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY, 2019–2021 (USD BILLION)
               TABLE 122 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY, 2022–2027 (USD BILLION)
               TABLE 123 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 124 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 125 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (KT)
               TABLE 126 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (KT)
               TABLE 127 ASIA PACIFIC: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 128 ASIA PACIFIC: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 129 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2021 (USD BILLION)
               TABLE 130 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022–2027 (USD BILLION)
               TABLE 131 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 2019–2021 (USD BILLION)
               TABLE 132 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 2022–2027 (USD BILLION)
               TABLE 133 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2019–2021 (USD BILLION)
               TABLE 134 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022–2027 (USD BILLION)
             11.4.1 CHINA
                       11.4.1.1 High sales potential of probiotics to stimulate market
                                   TABLE 135 CHINA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 136 CHINA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.4.2 JAPAN
                       11.4.2.1 Aging population and consumer demand to propel market
                                   TABLE 137 JAPAN: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 138 JAPAN: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.4.3 INDIA
                       11.4.3.1 Increased focus on women's nutrition and post-COVID-19 consumer preference for functional food to promote growth
                                   TABLE 139 INDIA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 140 INDIA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.4.4 AUSTRALIA & NEW ZEALAND
                       11.4.4.1 Aging population and consumer awareness to drive market
                                   TABLE 141 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 142 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.4.5 REST OF ASIA PACIFIC
                       11.4.5.1 Investments by probiotic market players to enhance production and consumption
                                   TABLE 143 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 144 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
     11.5 SOUTH AMERICA
               TABLE 145 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 2019–2021 (USD BILLION)
               TABLE 146 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 2022–2027 (USD BILLION)
               TABLE 147 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 148 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 149 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (KT)
               TABLE 150 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (KT)
               TABLE 151 SOUTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 152 SOUTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 153 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2021 (USD BILLION)
               TABLE 154 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022–2027 (USD BILLION)
               TABLE 155 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 2019–2021 (USD BILLION)
               TABLE 156 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 2022–2027 (USD BILLION)
               TABLE 157 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2019–2021 (USD BILLION)
               TABLE 158 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022–2027 (USD BILLION)
             11.5.1 BRAZIL
                       11.5.1.1 Rise in health awareness and meat exports to boost market
                                   TABLE 159 BRAZIL: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 160 BRAZIL: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.5.2 ARGENTINA
                       11.5.2.1 Rise in pork production and exports to drive market
                                   TABLE 161 ARGENTINA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 162 ARGENTINA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.5.3 REST OF SOUTH AMERICA
                       11.5.3.1 Startups to boost market without hampering food taste
                                   TABLE 163 REST OF SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 164 REST OF SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
     11.6 REST OF THE WORLD
               TABLE 165 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY REGION, 2019–2021 (USD BILLION)
               TABLE 166 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY REGION, 2022–2027 (USD BILLION)
               TABLE 167 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 168 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 169 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (KT)
               TABLE 170 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (KT)
               TABLE 171 REST OF THE WORLD: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2019–2021 (USD BILLION)
               TABLE 172 REST OF THE WORLD: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 2022–2027 (USD BILLION)
               TABLE 173 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2019–2021 (USD BILLION)
               TABLE 174 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022–2027 (USD BILLION)
               TABLE 175 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY END USER, 2019–2021 (USD BILLION)
               TABLE 176 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY END USER, 2022–2027 (USD BILLION)
               TABLE 177 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2019–2021 (USD BILLION)
               TABLE 178 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2022–2027 (USD BILLION)
             11.6.1 MIDDLE EAST
                       11.6.1.1 Demand for quality feed to stimulate market
                                   TABLE 179 MIDDLE EAST: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 180 MIDDLE EAST: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             11.6.2 AFRICA
                       11.6.2.1 Investments in pharmaceutical companies to increase with intra-African trade
                                   TABLE 181 AFRICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                                   TABLE 182 AFRICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 2022–2027 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 179)
     12.1 OVERVIEW
     12.2 MARKET SHARE ANALYSIS, 2021
               TABLE 183 GLOBAL PROBIOTICS MARKET: DEGREE OF COMPETITION
     12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS
               FIGURE 39 REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD BILLION)
     12.4 KEY PLAYER STRATEGIES
               TABLE 184 STRATEGIES ADOPTED BY KEY PROBIOTIC PRODUCT MANUFACTURERS
     12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 40 PROBIOTICS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
     12.6 PRODUCT FOOTPRINT (KEY PLAYERS)
               TABLE 185 COMPANY FOOTPRINT, BY PRODUCT TYPE (KEY PLAYERS)
               TABLE 186 COMPANY FOOTPRINT, BY END USER (KEY PLAYERS)
               TABLE 187 COMPANY FOOTPRINT, BY REGION (KEY PLAYERS)
               TABLE 188 OVERALL COMPANY FOOTPRINT (KEY PLAYERS)
     12.7 COMPANY EVALUATION QUADRANT (OTHER PLAYERS), 2021
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 STARTING BLOCKS
             12.7.3 RESPONSIVE COMPANIES
             12.7.4 DYNAMIC COMPANIES
                       FIGURE 41 GLOBAL PROBIOTICS MARKET: COMPANY EVALUATION QUADRANT, 2021 (OTHER PLAYERS)
             12.7.5 COMPETITIVE BENCHMARKING OF OTHER PLAYERS
                       TABLE 189 GLOBAL PROBIOTICS MARKET: DETAILED LIST OF OTHER PLAYERS
                       TABLE 190 GLOBAL PROBIOTICS MARKET: COMPETITIVE BENCHMARKING OF OTHER PLAYERS
     12.8 COMPETITIVE SCENARIO
             12.8.1 NEW PRODUCT LAUNCHES
                       TABLE 191 PROBIOTICS: NEW PRODUCT LAUNCHES, 2019-2022
             12.8.2 DEALS
                       TABLE 192 PROBIOTICS: DEALS, 2019–2022
             12.8.3 OTHERS
                       TABLE 193 PROBIOTICS: OTHERS, 2019–2022

13 COMPANY PROFILES (Page No. - 199)
     13.1 KEY COMPANIES
(Business Overview, Products/Services/Solutions offered, Recent Developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats)*
             13.1.1 PROBI
                       TABLE 194 PROBI: COMPANY OVERVIEW
                       FIGURE 42 PROBI: COMPANY SNAPSHOT
                       TABLE 195 PROBI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 196 PROBI: DEALS
             13.1.2 NESTLE
                       TABLE 197 NESTLE: COMPANY OVERVIEW
                       FIGURE 43 NESTLE: COMPANY SNAPSHOT
                       TABLE 198 NESTLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 199 NESTLE: NEW PRODUCT LAUNCHES
                       TABLE 200 NESTLE: DEALS
             13.1.3 ADM
                       TABLE 201 ADM: COMPANY OVERVIEW
                       FIGURE 44 ADM: COMPANY SNAPSHOT
                       TABLE 202 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 203 ADM: DEALS
             13.1.4 DANONE
                       TABLE 204 DANONE: COMPANY OVERVIEW
                       FIGURE 45 DANONE: COMPANY SNAPSHOT
                       TABLE 205 DANONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 206 DANONE: NEW PRODUCT LAUNCHES
                       TABLE 207 DANONE: OTHERS
             13.1.5 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       TABLE 208 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY OVERVIEW
                       FIGURE 46 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
                       TABLE 209 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                       TABLE 210 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
                       TABLE 211 INTERNATIONAL FLAVORS & FRAGRANCES INC.: OTHER DEVELOPMENTS
             13.1.6 YAKULT HONSHA CO., LTD.
                       TABLE 212 YAKULT HONSHA CO., LTD.: BUSINESS OVERVIEW, 2021
                       FIGURE 47 YAKULT HONSHA CO., LTD.: COMPANY SNAPSHOT
                       TABLE 213 YAKULT HONSHA CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 214 YAKULT HONSHA CO., LTD.: OTHERS
             13.1.7 GENERAL MILLS INC.
                       TABLE 215 GENERAL MILLS INC.: BUSINESS OVERVIEW, 2021
                       FIGURE 48 GENERAL MILLS INC.: COMPANY SNAPSHOT
                       TABLE 216 GENERAL MILLS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 217 GENERAL MILLS INC.: NEW PRODUCT LAUNCHES
                       TABLE 218 GENERAL MILLS INC.: DEALS
             13.1.8 CHR. HANSEN HOLDING A/S
                       TABLE 219 CHR. HANSEN HOLDING A/S: COMPANY OVERVIEW, 2021
                       FIGURE 49 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT
                       TABLE 220 CHR. HANSEN HOLDING A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 221 CHR. HANSEN: NEW PRODUCT LAUNCHES
                       TABLE 222 CHR. HANSEN: DEALS
             13.1.9 BIOGAIA
                       TABLE 223 BIOGAIA: COMPANY OVERVIEW, 2021
                       FIGURE 50 BIOGAIA: COMPANY SNAPSHOT
                       TABLE 224 BIOGAIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 225 BIOGAIA: NEW PRODUCT LAUNCHES
                       TABLE 226 BIOGAIA: DEALS
                       TABLE 227 BIOGAIA: OTHERS
             13.1.10 MORINAGA MILK INDUSTRY CO., LTD.
                       TABLE 228 MORINAGA MILK INDUSTRY CO., LTD.: BUSINESS OVERVIEW, 2021
                       FIGURE 51 MORINAGA MILK INDUSTRY CO., LTD.: COMPANY SNAPSHOT
                       TABLE 229 MORINAGA MILK INDUSTRY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 230 MORINAGA MILK INDUSTRY CO., LTD.: OTHERS
             13.1.11 SACCO SYSTEM
                       TABLE 231 SACCO SYSTEM: BUSINESS OVERVIEW, 2021
                       FIGURE 52 SACCO SYSTEM: COMPANY SNAPSHOT
                       TABLE 232 SACCO SYSTEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 233 SACCO SYSTEM: DEALS
                       TABLE 234 SACCO SYSTEM: OTHERS
             13.1.12 WINCLOVE PROBIOTICS
                       TABLE 235 WINCLOVE PROBIOTICS: BUSINESS OVERVIEW
                       TABLE 236 WINCLOVE PROBIOTICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 237 WINCLOVE PROBIOTICS: DEALS
                       TABLE 238 WINCLOVE PROBIOTICS: OTHER DEVELOPMENTS
             13.1.13 AB-BIOTICS
                       TABLE 239 AB-BIOTICS: BUSINESS OVERVIEW
                       TABLE 240 AB-BIOTICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 241 AB-BIOTICS: DEALS
             13.1.14 GLAC BIOTECH
                       TABLE 242 GLAC BIOTECH: BUSINESS OVERVIEW
                       TABLE 243 GLAC BIOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 244 GLAC BIOTECH: OTHERS
             13.1.15 LALLEMAND
                       TABLE 245 LALLEMAND: BUSINESS OVERVIEW
                       TABLE 246 LALLEMAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 247 LALLEMAND: DEALS
                       TABLE 248 LALLEMAND: OTHERS
     13.2 OTHER PLAYERS
             13.2.1 BIOHM HEALTH
                       TABLE 249 BIOHM HEALTH: COMPANY OVERVIEW
             13.2.2 SUN GENOMICS
                       TABLE 250 SUN GENOMICS: COMPANY OVERVIEW
             13.2.3 UNIQUE BIOTECH LTD
                       TABLE 251 UNIQUE BIOTECH LTD: COMPANY OVERVIEW
             13.2.4 PROBIOTICAL S.P.A
                       TABLE 252 PROBIOTICAL S.P.A: COMPANY OVERVIEW
             13.2.5 ADISSEO
                       TABLE 253 ADISSEO: COMPANY OVERVIEW
             13.2.6 NEXTFOODS, INC.
                       TABLE 254 NEXTFOODS, INC.: COMPANY OVERVIEW
             13.2.7 LIFEWAY FOODS, INC.
                       TABLE 255 LIFEWAY FOODS, INC.: COMPANY OVERVIEW
             13.2.8 I-HEALTH, INC.
                       TABLE 256 I-HEALTH, INC.: COMPANY OVERVIEW
             13.2.9 SUJA LIFE, LLC
                       TABLE 257 SUJA LIFE, LLC: COMPANY OVERVIEW
             13.2.10 SO GOOD SO YOU
                       TABLE 258 SO GOOD SO YOU: COMPANY OVERVIEW

*Details on Business Overview, Products/Services/Solutions offered, Recent Developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

14 ADJACENT AND RELATED MARKETS (Page No. - 256)
     14.1 INTRODUCTION
               TABLE 259 ADJACENT MARKETS TO PROBIOTICS
     14.2 RESEARCH LIMITATIONS
     14.3 DIETARY SUPPLEMENT MARKET
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                       TABLE 260 DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)
     14.4 NUTRACEUTICAL PRODUCTS MARKET
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
                       TABLE 261 NUTRACEUTICAL DIETARY SUPPLEMENTS MARKET SIZE, BY TYPE, 2017–2025 (USD BILLION)

15 APPENDIX (Page No. - 259)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

This research study involved the extensive use of secondary sources directories and databases such as Bloomberg Businessweek and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the probiotics market. In-depth interviews were conducted with various primary respondents such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information and assess prospects. The following figure depicts the research design applied in drafting this report on the probiotics market.

Probiotics Market Secondary Research

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the probiotics market.

Probiotics Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • Both the top-down and bottom-up approaches were used to estimate and validate the total size of the probiotics market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:
  • The key players in the industry and market have been identified through extensive secondary research.
  • The revenues of major probiotic-based food & beverages, dietary supplements, and feed manufacturers were determined through primary and secondary research, such as paid databases, which were used as the basis for market estimation.
  • All macroeconomic and microeconomic factors affecting the growth of the probiotics market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market for probiotics on the basis of ingredient, product type, end user, distribution channel, and region 
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with the key countries)
  • To strategically profile the key players and comprehensively analyze their market position and core competencies
  • To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in the probiotics market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of Europe region for probiotics market into Denmark, Belgium, Switzerland, Sweden, the Netherlands, and other EU and non-EU countries.
  • Further breakdown of the Asia Pacific region for probiotics market into Thailand, Vietnam, Indonesia, South Korea, Malaysia, Singapore, and other ASEAN countries.
  • Further breakdown of the Rest of South America region for probiotics market into Colombia, Chile, and Peru
  • Further breakdown of other countries in the RoW market for probiotics market into Middle East and Africa

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Report Code
FB 2269
Published ON
Oct, 2022
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