Probiotics Market

Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, & Region - Global Forecast to 2026

Report Code: FB 2269 Jul, 2021, by marketsandmarkets.com

[256 Pages Report] The global probiotics market was estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period. The global demand for probiotics is increasing significantly due to health benefits associated with probiotic-fortified foods, multifunctionality of probiotics, and the increasing use of probiotics in foods due to the rising consumer awareness related to healthy diets. The demand for probiotics in fortified foods is projected to remain high due to the increasing awareness about their benefits, and willingness of consumers to purchase premium products incorporated with probiotics.

Probiotics Market

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Probiotic functional foods have shown positive effects on overall human health. Probiotic foods & beverages can be broadly classified as probiotic dairy products (cheese, yogurts, and milk) and probiotic non-dairy products (juices, kombucha, bakery, meat, and baby food). The market for probiotic dairy products has been increasing gradually over the past decade with the growing demand for yogurt across the globe. Various probiotic products are classified on the basis of bacterial strains used, such as Lactobacillus and Bifidobacterium. Probiotics is prominently present in the form of bacteria in most dairy products, such as ice creams and cheese, which help in improving gut health.

Promising health benefits of probiotic-based functional foods and participation of international bodies in the R&D approvals of probiotics is some of the major drivers influencing the global probiotics market. However, the lack of awareness related to probiotic products, lactose-intolerant diet, and stringent regulations & legislations are the major restraining factors for the market. High consumer demand for scientifically proven health foods and dietary supplements, particularly in developed economies, pose opportunities for probiotic manufacturers.

COVID-19 Analysis

The COVID-19 pandemic has led to a shift in consumption patterns of consumers and ultimately affecting the demand for diet being followed. Consumers are looking for products with high nutritive value instead of junk or processed foods. In the US, the sales of probiotics rose by 33% suddenly, as people are moving towards nutrient boosters in order to keep themselves immune and strong. Since then, retail stores and pharmacies are piling up stacks of probiotics in various forms. The fear of getting infected has resulted in the adoption of healthy lifestyle, thus increasing the demand for probiotics. As the danger of virus infection is among all the age groups, manufacturers are designing probiotics, which can have effective results in every individual. 

Market Dynamics

Drivers: Rising health consciousness among consumers

The growing awareness among the population for leading a healthy lifestyle has resulted in an increased interest in natural food products. Such growing awareness about health & nutrition products is driving the market for probiotics. Personal well-being is major factor that is influencing the consumption of natural ingredient products, majorly probiotics. Consumers have realized that adding probiotics to their regular diet offers health benefits such as improved intestinal health, low-calorie intake, increased immunity, and boosted calcium absorption, thereby driving the market for probiotics ingredients.

Apart from this, food manufacturers are also focusing more in the innovation and nutrient content of their products as health claims have become a major concern for the food industry, coupled with stringent regulation by the EU and the European Food Safety Authority (EFSA).

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

Sustainable investments in R&D activities and investments in laboratories, research equipment, and the high cost of hiring trained professionals create barriers in the development of the probiotics market. The scientific validation related to the usage of probiotics in their applications becomes a success to this market. Probiotics applications are linked with health benefits, which makes it challenging for manufacturers to get an adequate RoI on high initial investments.

Probiotics strains and products are developed and produced as per the international food regulations. Owing to the high cost of production, the cost of final product is also high. Marketing and distribution of probiotic products also add to the product price, as they require different packaging and distribution channels as compared to common products. The high prices of products act as a restraining factor in the probiotics market.

Opportunities: Increase in demand for probiotics in developed economies

 The global probiotics market is growing as the demand for probiotics from developed economies has increased due to the changing consumer attitude towards the consumption of probiotics. Consumers are more aware of the importance of probiotics with regard to maintaining a strong immune system and gut health, which has led to the sustained the growth of probiotics components in the market. To attract such potential consumers, these products are made available across grocery, supermarkets, pharmacies, and health food shops in developed economies, such as the US and Canada. Hence, consumer awareness of health benefits associated with the consumption of probiotics products is major factor, which drives the overall demand for probiotics in developed economies over the given years.

Challenges: Intolerance of probiotics to stomach acid and bile

Probiotics is exposed to harsh conditions prevailing in the stomach and small intestine after they survive the manufacturing process and degradation with time on the shelf. According to the UK food microbiologist, only a few highly resistant bacteria such as lactobacillus and bifidobacteria can survive stomach acid. The other probiotic bacteria are expected to get destroyed by stomach acid. Mostly, the intolerance level to survive the harsh acidity in the stomach is below pH 2.

Market Ecosystem

Probiotics Market by Region

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Food & beverage segment is projected to be the largest segment in the probiotics market during the forecast period.

The food & beverage segment dominated the probiotics market, on the basis of application, during the forecast due to the rising popularity of probiotic functional foods & beverages among consumers. Awareness, faith in their efficacy, and safety are some of the factors driving the market of probiotics. Probiotic ingredients are being incorporated in a wide range of food & beverage applications such as dairy products, non-dairy beverages, cereals, and infant formula. The food & beverages segment is the largest revenue-earning market across regions. Consumers are now taking a proactive approach towards preventing chronic conditions.     

The human probiotics segment is projected to account for the largest market share during the forecast period.

The human segment is projected to account for the largest market share during the forecast. The rising trend of consuming functional foods due to the growing preferences for health-benefiting products is driving the market for probiotics in the human segment.

The demand for liquid probiotics from the yogurt and beverage industries is projected to dominate the probiotics market

The demand for liquid probiotics has increased as compared to dry probiotics, due to its application in yogurt, which is the most popular source of probiotics. Other products that use liquid probiotics include kefir water, probiotic juices, and yogurt-based drinks, which are healthy options for daily supplementation. The Asia Pacific region is projected to be a key market for yogurt in the coming years. China stands a huge opportunity for both domestic and international companies to penetrate the yogurt market as the country consumes yogurt on a large scale.

Probiotics Market by Region

The rising health awareness among consumers in the Asia Pacific region is projected to account for the largest market size during the forecast period

Consumers in Asia Pacific region are aware about the health benefits of probiotics. The region has widespread presence of the Japanese brand “Yakult”. Among the largest probiotics markets in the region are China and Japan, whereas Australia and New Zealand are growing with tremendous rate. In the dietary supplements space, demand is expected to be large in Japan, where older population is in large number. Along with this, the hectic lifestyle of consumers is further contributing to the growth of probiotics market in the region.   

Key Market Players

Key players identified in this market include Danone (France), Yakult Honsha (Japan), Nestlι (Switzerland), DowDuPont (US), and Chr. Hansen (Denmark). Key players in this market are focusing on increasing their presence through mergers & acquisitions and new product developments, specific to consumer tastes in these regions. These companies have a strong presence in Europe and the Asia Pacific. They also have manufacturing facilities along with strong distribution networks across these regions. 

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Scope of the Report

Report Metric

Details

Market size estimation

2016–2026

Base year considered

2020

Forecast period considered

2021–2026

Market size value in 2021

USD 61.1 billion

Revenue forecast in 2026

USD 91.1 billion

Growth rate

CAGR of 8.3% from 2021-2026

Units considered

Value (USD)

Segments covered

Ingredients, Application, End user, Form, and Region

Regions covered

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

Companies studied

DuPont (US), Danone (France), Chr. Hansen (Denmark), DowDuPont (US), Yakult Honsha (Japan), and Nestle (Switzerland)

This research report categorizes the probiotics market, based on Ingredients, Application, End user, Form, and Region

Ingredient

  • Bacteria
    • Lactobacilli
      • Lactobacillus acidophilus
      • Lactobacillus rhamnosus
      • Lactobacillus casei
      • Lactobacillus reuteri
    • Bifidobacteria
    • Streptococcus thermophilus
  • Yeast
    • Saccharomyces boulardii
    • Others (Saccharomyces cerevisiae and Saccharomyces bayanus)

Application:

  • Functional food & beverages
    • Dairy products
    • Non-dairy beverages
    • Infant formula
    • Cereals
    • Others (snacks, meat, bakery, and nutrition bars)
  • Dietary supplements
  • Feed

End user:

  • Human
  • Animal

Form:

  • Dry
  • Liquid

On the basis of region, the probiotics market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of World (RoW)

Recent Developments

  • In May 2020, Probi AB signed a long-term R&D collaboration agreement with Competence Centre on Health Technologies (CCHT). It aims at developing novel products based on probiotics lactobacilli strains for women’s health.   
  • In September 2020, Danisco launched the latest series of cultures and probiotic formulations for China. This series would enable faster fermentation and higher probiotic counts while maintaining quality and taste for consumers.   
  • In December 2020, Danone launched a probiotic product for preventing lactation mastitis in breastfeeding mothers. It is sold exclusively in China.  
  • In November 2019, Nestle partnered with the University of California San Diego Centre for Microbiome Innovation (CMI) to enhance its understanding about how microbiomes affect human health. This includes microbiomes containing prebiotics, probiotics, and synbiotics.        

FAQs:

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           FIGURE 1 MARKET SEGMENTATION
           1.4 INCLUSIONS AND EXCLUSIONS
                    FIGURE 2 PROBIOTICS: GEOGRAPHIC SEGMENTATION
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2020
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 3 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 primary profiles
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN
           2.2.2 BOTTOM-UP
    2.3 DATA TRIANGULATION
           FIGURE 4 DATA TRIANGULATION METHODOLOGY
           2.3.1 SUPPLY SIDE
           2.3.2 DEMAND SIDE
    2.4 RESEARCH ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS
    2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
           2.6.1 SCENARIO-BASED MODELLING
    2.7 COVID-19 HEALTH ASSESSMENT
           FIGURE 5 COVID-19: GLOBAL PROPAGATION
           FIGURE 6 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 7 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT
                    FIGURE 8 CRITERIA IMPACTING THE GLOBAL ECONOMY
                    FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 10 THE FOOD & BEVERAGES SEGMENT TO DOMINATE THE PROBIOTICS MARKET, BY APPLICATION, 2021 VS. 2026 (USD BILLION)
    FIGURE 11 THE HUMAN SEGMENT TO DOMINATE THE  MARKET FOR PROBIOTICS, BY END USER, 2021 VS. 2026 (USD BILLION)
    FIGURE 12 THE LIQUID SEGMENT TO DOMINATE THE MARKET FOR PROBIOTICS, BY FORM, 2021 VS. 2026 (USD BILLION)
MARKET FOR PROBIOTICSPROBIOTICS MARKET, BY INGREDIENT, 2021 VS. 2026 (USD BILLION)
    FIGURE 14 ASIA PACIFIC TO BE THE LARGEST REGION IN THE GLOBAL MARKET, 2021–2026

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MARKET
           FIGURE 15 BENEFITS ASSOCIATED WITH PROBIOTICS FUEL THE MARKET DEMAND
    4.2 PROBIOTICS MARKET SIZE, BY REGION
           FIGURE 16 MARKET SIZE FOR PROBIOTICS, BY REGION, 2021 VS. 2026 (USD BILLION)
    4.3 PROBIOTICS MARKET, BY APPLICATION, 2021 VS. 2026
           FIGURE 17 THE FOOD & BEVERAGES SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SIZE THROUGH 2026
    4.4 PROBIOTICS MARKET SHARE, BY FORM, 2021 VS. 2026
           FIGURE 18 THE LIQUID SEGMENT TO DOMINATE THE GLOBAL MARKET, 2021 VS. 2026
    4.5 PROBIOTICS MARKET, BY END USER, 2021–2026
           FIGURE 19 THE HUMAN SEGMENT TO DOMINATE THE PROBIOTICS MARKET FROM 2021 TO 2026
    4.6 PROBIOTICS MARKET, BY INGREDIENT, 2021
           FIGURE 20 THE BACTERIA SEGMENT DOMINATED THE GLOBAL MARKET IN 2021
    4.7 PROBIOTICS MARKET: MAJOR REGIONAL SUBMARKETS
           FIGURE 21 AUSTRALIA & NEW ZEALAND TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.8 COVID-19 IMPACT ON THE PROBIOTICS MARKET
           FIGURE 22 PRE- & POST-COVID SCENARIOS IN THE PROBIOTICS MARKET

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Health benefits associated with probiotic-fortified foods
                               FIGURE 23 GLOBAL YOGURT MARKET, 2013–2017
                    5.2.1.2 Increasing popularity of probiotic dietary supplements
                               FIGURE 24 GLOBAL DIETARY SUPPLEMENTS DEMAND FORECAST, 2016 VS. 2021
                    5.2.1.3 Participation of international bodies in R&D of probiotic products
                    5.2.1.4 Rising health consciousness among consumers
                    5.2.1.5 Technological advancements in probiotic products
                    5.2.1.6 Market competitiveness in the global market
           5.2.2 RESTRAINTS
                    5.2.2.1 International quality standards and regulations for probiotic products
                    5.2.2.2 High R&D costs for developing new probiotic strains
                    5.2.2.3 Instances of allergies to some probiotic supplements
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Probiotics can replace pharmaceutical agents
                    5.2.3.2 Ban on the use of antibiotic growth promoters in feed in the EU
                    5.2.3.3 Increase in demand for probiotics in developed economies
                    5.2.3.4 Change in consumption pattern with the growing incidence of chronic diseases
                               FIGURE 25 CHRONIC DISEASES WERE AMONG THE TOP TEN CAUSES OF DEATH WORLDWIDE ACROSS ALL AGES, 2016
                    5.2.3.5 Rising consumer awareness related to value-added products
           5.2.4 CHALLENGES
                    5.2.4.1 Complexities in integrating probiotics in functional foods
                    5.2.4.2 Intolerance of probiotics to stomach acid and bile

6 INDUSTRY TRENDS (Page No. - 64)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN
           FIGURE 26 THE STRAIN DEVELOPMENT AND DISTRIBUTION PHASE PLAYS A VITAL ROLE IN THE VALUE ADDITION OF THE SUPPLY CHAIN FOR PROBIOTICS
    6.3 TECHNOLOGY ANALYSIS
           6.3.1 INDICATION-SPECIFIC FORMULATIONS TO IMPROVE METABOLIC ACTIVITY OF MICROBES
           6.3.2 MICROENCAPSULATION TO ENHANCE VIABILITY OF PROBIOTICS
           6.3.3 PROBIOTICS AND ARTIFICIAL INTELLIGENCE
    6.4 PRICING ANALYSIS: PROBIOTICS MARKET
    6.5 ECOSYSTEM OF PROBIOTICS
           6.5.1 PROBIOTICS MARKET: ECOSYSTEM MAP
                    TABLE 2 PROBIOTICS MARKET: ECOSYSTEM
    6.6 YC-YCC SHIFT: TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS
           FIGURE 27 REVENUE SHIFT FOR THE PROBIOTICS MARKET
    6.7 PORTER’S FIVE FORCES ANALYSIS
           6.7.1 PROBIOTICS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.7.2 THREAT OF NEW ENTRANTS
           6.7.3 THREAT OF SUBSTITUTES
           6.7.4 BARGAINING POWER OF SUPPLIERS
           6.7.5 BARGAINING POWER OF BUYERS
           6.7.6 INTENSITY OF COMPETITIVE RIVALRY
    6.8 REGULATORY FRAMEWORK
           6.8.1 NORTH AMERICA
                    6.8.1.1 United States
                    6.8.1.2 Canada
           6.8.2 EUROPE
           6.8.3 ASIA PACIFIC
                    6.8.3.1 Japan
                    6.8.3.2 Australia & New Zealand
                    6.8.3.3 India
           6.8.4 SOUTH AMERICA
                    6.8.4.1 Brazil
    6.9 PATENT ANALYSIS
           FIGURE 28 TOP PUBLICATION YEAR
           FIGURE 29 TOP TEN APPLICANTS IN THE LAST TEN YEARS
           TABLE 3 SOME OF THE PATENTS PERTAINING TO PROBIOTICS, 2019–2021
    6.10 CASE STUDIES
           TABLE 4 INCREASING ISSUES OF OBESITY CREATE A MARKET FOR INNOVATIVE SOLUTIONS
           TABLE 5 SAFETY ASSESSMENT AND CERTIFICATION DEMAND BY INDUSTRY PLAYERS TO ENSURE TRANSPARENCY
    6.11 COVID-19 IMPACT ANALYSIS

7 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL (Page No. - 78)
    7.1 INTRODUCTION
           7.1.1 HYPERMARKETS/SUPERMARKETS
                    7.1.1.1 High-growth prospects for probiotic manufacturers in Asia Pacific
           7.1.2 PHARMACIES/DRUGSTORES
                    7.1.2.1 In the United States, the demand for dietary supplements will increase amid the rise in the old age population
           7.1.3 SPECIALTY STORES
                    7.1.3.1 Specialty stores provide a variety of probiotic dietary supplements to various categories of people
           7.1.4 ONLINE
                    7.1.4.1 Online shopping to gain consumer interest in the coming years

8 PROBIOTICS MARKET, BY INGREDIENT (Page No. - 80)
    8.1 INTRODUCTION
           TABLE 6 DIVERSITY OF PROBIOTICS
           TABLE 7 HEALTH BENEFITS OF PROBIOTIC MICROORGANISMS
           FIGURE 30 MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2021 VS. 2026 (USD BILLION)
           TABLE 8 MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2016–2020 (USD BILLION)
           TABLE 9 MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2021–2026 (USD BILLION)
    8.2 BACTERIA
           8.2.1 BACTERIA PLAYS A MAJOR ROLE IN BUILDING IMMUNITY AMONG PEOPLE
                    TABLE 10 BACTERIA MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                    TABLE 11 BACTERIA MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
           8.2.2 LACTOBACILLI
                    8.2.2.1 Lactobacillus acidophilus
                    8.2.2.2 Lactobacillus rhamnosus
                    8.2.2.3 Lactobacillus casei
                    8.2.2.4 Lactobacillus reuteri
           8.2.3 BIFIDOBACTERIUM
           8.2.4 STREPTOCOCCUS THERMOPHILUS
    8.3 YEAST
           8.3.1 PROBIOTICS ARE WIDELY USED FOR SEVERAL THERAPEUTIC PURPOSES
                    TABLE 12 YEAST MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                    TABLE 13 YEAST MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
                    TABLE 14 BENEFICIAL EFFECTS OF YEAST
           8.3.2 SACCHAROMYCES BOULARDII

9 PROBIOTICS MARKET, BY APPLICATION (Page No. - 92)
    9.1 INTRODUCTION
           FIGURE 31 GLOBAL PROBIOTICS MARKET SIZE, 2021 VS. 2026 (USD BILLION)
           TABLE 15 MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2016–2020 (USD BILLION)
           TABLE 16 MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
           TABLE 17 MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2016–2020 (KT)
           TABLE 18 PROBIOTICS MARKET SIZE, BY APPLICATION, 2021–2026 (KT)
    9.2 FUNCTIONAL FOOD & BEVERAGES
           TABLE 19 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
           TABLE 20 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
           TABLE 21 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY PRODUCT,  2016–2020 (USD BILLION)
           TABLE 22 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION)
           9.2.1 DAIRY PRODUCTS
                    9.2.1.1 Yogurt is one of the conventionally used probiotics in dairy products
                               TABLE 23 DAIRY: PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                               TABLE 24 DAIRY: MARKET SIZE FOR PROBIOTICS, BY REGION, 2021–2026 (USD BILLION)
           9.2.2 NON-DAIRY BEVERAGES
                    9.2.2.1 An increase in lactose-intolerant consumers drives the market for non-dairy probiotic beverages
                               TABLE 25 NON-DAIRY BEVERAGES: PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                               TABLE 26 NON-DAIRY BEVERAGES: MARKET SIZE FOR PROBIOTICS, BY REGION, 2021–2026 (USD BILLION)
           9.2.3 INFANT FORMULA
                    9.2.3.1 Nestle and other key players are involved in the production of infant formula probiotics boosting the segment’s growth
                               TABLE 27 INFANT FORMULA: PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                               TABLE 28 INFANT FORMULA: MARKET SIZE FOR PROBIOTICS, BY REGION, 2021–2026 (USD BILLION)
           9.2.4 CEREALS
                    9.2.4.1 The potential of developing countries being influenced by Western eating habits is now considered by the leading companies
                               TABLE 29 CEREALS: PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                               TABLE 30 CEREALS: MARKET SIZE FOR PROBIOTICS, BY REGION, 2021–2026 (USD BILLION)
           9.2.5 OTHER APPLICATIONS
                    TABLE 31 OTHERS: MARKET SIZE FOR PROBIOTICS, BY REGION, 2016–2020 (USD BILLION)
                    TABLE 32 OTHERS: MARKET SIZE FOR PROBIOTICS, BY REGION, 2021–2026 (USD BILLION)
    9.3 DIETARY SUPPLEMENTS
           9.3.1 DIETARY SUPPLEMENTS ARE AN ALTERNATIVE TO FULFILL THE DIET DEFICIENCIES
                    TABLE 33 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                    TABLE 34 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
    9.4 FEED
           9.4.1 THE MARKET FOR PROBIOTICS IN FEED IS HIGHLY AFFECTED BY THE INCREASED DEMAND FOR QUALITY ANIMAL PRODUCTS
                    TABLE 35 FEED MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                    TABLE 36 FEED MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)

10 PROBIOTICS MARKET, BY END USER (Page No. - 105)
     10.1 INTRODUCTION
               FIGURE 32 GLOBAL POULTRY PRODUCTION, 2016–2018 (BILLION METRIC TONS)
               FIGURE 33 THE HUMAN SEGMENT PROJECTED TO DOMINATE THE PROBIOTICS MARKET FROM 2021 TO 2026 (USD BILLION)
               TABLE 37 MARKET SIZE FOR PROBIOTICS, BY END USER, 2016–2020 (USD BILLION)
               TABLE 38 MARKET SIZE FOR PROBIOTICS, BY END USER, 2021–2026 (USD BILLION)
     10.2 HUMAN
             10.2.1 POPULAR SOURCES OF PROBIOTICS, SUCH AS YOGURT, HAVE GAINED TRACTION ACROSS ASIA PACIFIC
                       TABLE 39 PROBIOTICS MARKET SIZE FOR HUMANS, BY REGION, 2016–2020 (USD BILLION)
                       TABLE 40 MARKET SIZE FOR HUMANS, BY REGION, 2021–2026 (USD BILLION)
     10.3 ANIMAL
             10.3.1 BAN ON SYNTHETIC ANTIBIOTICS TO BOOST THE PROBIOTICS MARKET IN FEED
                       TABLE 41 BENEFITS ASSOCIATED WITH THE ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED
                       TABLE 42 MARKET SIZE FOR ANIMALS, BY REGION, 2016–2020 (USD BILLION)
                       TABLE 43 GLOBAL MARKET SIZE FOR ANIMALS, BY REGION, 2021–2026 (USD BILLION)

11 PROBIOTICS MARKET, BY FORM (Page No. - 111)
     11.1 INTRODUCTION
               FIGURE 34 BATCH PROCESS OF THE PRODUCTION OF LIQUID & DRY PROBIOTICS
               FIGURE 35 THE LIQUID PROBIOTICS SEGMENT TO DOMINATE THE MARKET FROM 2021 TO 2026 (USD BILLION)
               TABLE 44 MARKET SIZE FOR PROBIOTICS, BY FORM, 2016–2020 (USD BILLION)
               TABLE 45 MARKET SIZE FOR PROBIOTICS, BY FORM, 2021–2026 (USD BILLION)
     11.2 DRY
             11.2.1 DRY PROBIOTICS ARE POPULAR IN THE FEED SPACE DUE TO THEIR ENHANCED SHELF LIFE
                       TABLE 46 DRY PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                       TABLE 47 DRY PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
     11.3 LIQUID
             11.3.1 LIQUID PROBIOTICS A POPULAR CHOICE AMONG KIDS
                       TABLE 48 LIQUID PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
                       TABLE 49 LIQUID PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)

12 PROBIOTICS MARKET, BY REGION (Page No. - 117)
     12.1 INTRODUCTION
               FIGURE 36 PROBIOTICS MARKET SHARE (VALUE), BY KEY COUNTRY/REGION, 2020
               TABLE 50 MARKET SIZE FOR PROBIOTICS, BY REGION, 2016–2020 (USD BILLION)
               TABLE 51 MARKET SIZE FOR PROBIOTICS, BY REGION, 2021–2026 (USD BILLION)
     12.2 NORTH AMERICA
               TABLE 52 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 53 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 54 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 2016–2020 (USD BILLION)
               TABLE 55 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 2021–2026 (USD BILLION)
               TABLE 56 NORTH AMERICA: MARKET SIZE, BY FORM, 2016–2020 (USD BILLION)
               TABLE 57 NORTH AMERICA: MARKET SIZE, BY FORM, 2021–2026 (USD BILLION)
               TABLE 58 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
               TABLE 59 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
               TABLE 60 NORTH AMERICA: MARKET SIZE, BY END USER, 2016–2020 (USD BILLION)
               TABLE 61 NORTH AMERICA: MARKET SIZE, BY END USER, 2021–2026 (USD BILLION)
               TABLE 62 NORTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 63 NORTH AMERICA: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 64 NORTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 65 NORTH AMERICA: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 66 NORTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 67 NORTH AMERICA: ANIMAL FEED PROBIOTIC MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 68 NORTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION)
               TABLE 69 NORTH AMERICA: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION)
             12.2.1 UNITED STATES
                       12.2.1.1 Aim to improve digestive health and immunity fueled the growth of probiotics in the US
                                   TABLE 70 US: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 71 US: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.2.2 CANADA
                       12.2.2.1 Probiotic companies offer improved and innovative feed products to facilitate the demand for high-quality products
                                   TABLE 72 CANADA: PROBIOTICS MARKET SIZE, BY APPLICATION,  2016–2020 (USD BILLION)
                                   TABLE 73 CANADA: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.2.3 MEXICO
                       12.2.3.1 Lack of awareness about the health benefits of probiotics to restrict the growth of the market
                                   TABLE 74 MEXICO: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 75 MEXICO: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
     12.3 EUROPE
               TABLE 76 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 77 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 78 EUROPE: MARKET SIZE, BY INGREDIENT, 2016–2020 (USD BILLION)
               TABLE 79 EUROPE: MARKET SIZE, BY INGREDIENT, 2021–2026 (USD BILLION)
               TABLE 80 EUROPE: MARKET SIZE, BY FORM, 2016–2020 (USD BILLION)
               TABLE 81 EUROPE: MARKET SIZE, BY FORM, 2021–2026 (USD BILLION)
               TABLE 82 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
               TABLE 83 EUROPE :MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
               TABLE 84 EUROPE: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 85 EUROPE: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 86 EUROPE: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 87 EUROPE: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 88 EUROPE: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 89 EUROPE: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 90 EUROPE: PROBIOTICS MARKET SIZE, BY END USER, 2016–2020 (USD BILLION)
               TABLE 91 EUROPE: MARKET SIZE, BY END USER, 2021–2026 (USD BILLION)
               TABLE 92 EUROPE: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION)
               TABLE 93 EUROPE: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION)
             12.3.1 RUSSIA
                       12.3.1.1 Traditional drinks such as kafir to contribute to the growth of the market in Russia
                                   TABLE 94 RUSSIA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 95 RUSSIA: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.3.2 UNITED KINGDOM
                       12.3.2.1 Probiotics usage to be extended to various food applications such as snack bars
                                   TABLE 96 UK: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 97 UK: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.3.3 ITALY
                       12.3.3.1 Italy has a huge market in Europe owing to the awareness about the health benefits of probiotics
                                   TABLE 98 ITALY: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 99 ITALY: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.3.4 GERMANY
                       12.3.4.1 Ban on antibiotics to promote growth in the market for feed
                                   TABLE 100 GERMANY: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 101 GERMANY: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.3.5 SPAIN
                       12.3.5.1 Companies invest in Spain to produce value-added probiotic products
                                   TABLE 102 SPAIN: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 103 SPAIN: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
             12.3.6 REST OF EUROPE
                       TABLE 104 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                       TABLE 105 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 2021–2026 (USD BILLION)
     12.4 ASIA PACIFIC
               FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 106 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 107 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 108 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2016–2020 (USD BILLION)
               TABLE 109 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 2021–2026 (USD BILLION)
               TABLE 110 ASIA PACIFIC: MARKET SIZE, BY FORM, 2016–2020 (USD BILLION)
               TABLE 111 ASIA PACIFIC: MARKET SIZE, BY FORM, 2021–2026 (USD BILLION)
               TABLE 112 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
               TABLE 113 ASIA PACIFIC: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
               TABLE 114 ASIA PACIFIC: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 115 ASIA PACIFIC: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 116 ASIA PACIFIC: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 117 ASIA PACIFIC: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 118 ASIA PACIFIC: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 119 ASIA PACIFIC: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 120 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 2016–2020 (USD BILLION)
               TABLE 121 ASIA PACIFIC: MARKET SIZE, BY END USER, 2021–2026 (USD BILLION)
               TABLE 122 ASIA PACIFIC: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION)
               TABLE 123 ASIA PACIFIC: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION)
             12.4.1 CHINA
                       12.4.1.1 China is one of the major markets for probiotics in Asia Pacific
                                   TABLE 124 CHINA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 125 CHINA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
             12.4.2 JAPAN
                       12.4.2.1 Yakult Japan adopts various innovative strategies to strengthen the probiotics market in the country
                                   TABLE 126 JAPAN: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 127 JAPAN: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
             12.4.3 SOUTH KOREA
                       12.4.3.1 Multinational players’ penetration in the probiotics industry to boost the market growth
                                   TABLE 128 SOUTH KOREA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 129 SOUTH KOREA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
             12.4.4 AUSTRALIA & NEW ZEALAND
                       12.4.4.1 Probiotic products are mainly designed for women and children in this region
                                   TABLE 130 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 131 AUSTRALIA & NEW ZEALAND: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
             12.4.5 REST OF ASIA PACIFIC
                       TABLE 132 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                       TABLE 133 REST OF ASIA PACIFIC: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
     12.5 SOUTH AMERICA
               TABLE 134 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 135 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 136 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2016–2020 (USD BILLION)
               TABLE 137 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2021–2026 (USD BILLION)
               TABLE 138 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY FORM, 2016–2020 (USD BILLION)
               TABLE 139 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY FORM, 2021–2026 (USD BILLION)
               TABLE 140 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2016–2020 (USD BILLION)
               TABLE 141 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
               TABLE 142 SOUTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 143 SOUTH AMERICA: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 144 SOUTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 145 SOUTH AMERICA: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 146 SOUTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD BILLION)
               TABLE 147 SOUTH AMERICA: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
               TABLE 148 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 2016–2020 (USD BILLION)
               TABLE 149 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY END USER, 2021–2026 (USD BILLION)
               TABLE 150 SOUTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION)
               TABLE 151 SOUTH AMERICA: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION)
             12.5.1 ARGENTINA
                       12.5.1.1 Probiotic yogurt benefits increase its sales in Argentina
                                   TABLE 152 ARGENTINA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 153 ARGENTINA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
             12.5.2 BRAZIL
                       12.5.2.1 Dietary supplement consumption to increase with health awareness
                                   TABLE 154 BRAZIL: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 155 BRAZIL: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
             12.5.3 REST OF SOUTH AMERICA
                       12.5.3.1 Startups to boost the probiotics market without hampering the taste element in foods
                                   TABLE 156 REST OF SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 157 REST OF SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
     12.6 REST OF THE WORLD
               TABLE 158 ROW: PROBIOTICS MARKET SIZE, BY COUNTRY, 2016–2020 (USD BILLION)
               TABLE 159 ROW: MARKET SIZE FOR PROBIOTICS, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 160 ROW: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2016–2020 (USD BILLION)
               TABLE 161 ROW: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 2021–2026 (USD BILLION)
               TABLE 162 ROW: MARKET SIZE FOR PROBIOTICS, BY FORM, 2016–2020 (USD BILLION)
               TABLE 163 ROW: MARKET SIZE FOR PROBIOTICS, BY FORM, 2021–2026 (USD BILLION)
               TABLE 164 ROW: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2016–2020 (USD MILLION)
               TABLE 165 ROW: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD BILLION)
               TABLE 166 ROW: MARKET SIZE FOR PROBIOTICS, BY END USER, 2016–2020 (USD BILLION)
               TABLE 167 ROW: MARKET SIZE FOR PROBIOTICS, BY END USER, 2021–2026 (USD BILLION)
               TABLE 168 ROW: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
               TABLE 169 ROW: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 170 ROW: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
               TABLE 171 ROW: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 172 ROW: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
               TABLE 173 ROW: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 174 ROW: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 2016–2020 (USD BILLION)
               TABLE 175 ROW: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 2021–2026 (USD BILLION)
             12.6.1 MIDDLE EAST
                       12.6.1.1 Demand for quality beef drives the market for probiotic feed
                                   TABLE 176 MIDDLE EAST: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)
                                   TABLE 177 MIDDLE EAST: PROBIOTIC MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
             12.6.2 AFRICA
                       12.6.2.1 Investments to increase in pharmaceutical companies with intra-African trade
                                   TABLE 178 AFRICA: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)
                                   TABLE 179 AFRICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD MILLION)
             12.6.3 OTHERS IN ROW
                       TABLE 180 OTHERS IN ROW: PROBIOTICS MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION)
                       TABLE 181 OTHERS IN ROW: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 171)
     13.1 OVERVIEW
     13.2 MARKET SHARE ANALYSIS, 2020
               TABLE 182 PROBIOTICS MARKET: DEGREE OF COMPETITION
     13.3 KEY PLAYER STRATEGIES
     13.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2020
               FIGURE 38 REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET, 2018–2020 (USD BILLION)
     13.5 COVID-19-SPECIFIC COMPANY RESPONSES
             13.5.1 ADM
             13.5.2 DUPONT
             13.5.3 KERRY GROUP
             13.5.4 NESTLE
             13.5.5 CHR HANSEN
     13.6 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
             13.6.1 STAR
             13.6.2 PERVASIVE
             13.6.3 EMERGING LEADERS
             13.6.4 PARTICIPANTS
                       FIGURE 39 PROBIOTICS MARKET: COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS)
             13.6.5 PRODUCT FOOTPRINT
                       TABLE 183 COMPANY, BY END USER FOOTPRINT
                       TABLE 184 COMPANY, BY APPLICATION FOOTPRINT
                       TABLE 185 COMPANY, BY REGIONAL FOOTPRINT
                       TABLE 186 OVERALL COMPANY FOOTPRINT
     13.7 STARTUP/SME EVALUATION QUADRANT (STARTUPS/SMES)
             13.7.1 PROGRESSIVE COMPANIES
             13.7.2 STARTING BLOCKS
             13.7.3 RESPONSIVE COMPANIES
             13.7.4 DYNAMIC COMPANIES
                       FIGURE 40 MARKET FOR PROBIOTICS: STARTUP/SME EVALUATION QUADRANT, 2020
     13.8 COMPETITIVE SCENARIO AND TRENDS
             13.8.1 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
                       TABLE 187 MARKET FOR PROBIOTICS: PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS, JUNE 2018–MAY 2021
             13.8.2 DEALS
                       TABLE 188 MARKET FOR PROBIOTICS: ACQUSITION AND PARTNERSHIP, JUNE 2018 – MAY 2021
             13.8.3 OTHERS
                       TABLE 189 MARKET FOR PROBIOTICS: EXPANSION AND INVESTMENT, JUNE 2019 – JUNE 2021

14 COMPANY PROFILES (Page No. - 187)
     14.1 KEY COMPANIES
(Business overview, Products offered, Recent developments, MNM View)*
             14.1.1 PROBI AB
                       TABLE 190 PROBI AB: BUSINESS OVERVIEW
                       FIGURE 41 PROBI AB: COMPANY SNAPSHOT
                       TABLE 191MARKET FOR PROBIOTICS: PARTNERSHIP AND AGREEMENT BY PROBI AG
             14.1.2 NESTLE
                       TABLE 192 NESTLE: BUSINESS OVERVIEW
                       FIGURE 42 NESTLE: COMPANY SNAPSHOT
                       TABLE 193 MARKET FOR PROBIOTICS: PARTNERSHIP BY NESTLE
             14.1.3 ARCHER DANIELS MIDLAND COMPANY
                       TABLE 194 ADM: BUSINESS OVERVIEW
                       FIGURE 43 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
                       TABLE 195 PROBIOTICS MARKET: EXPANSION AND INVESTMENT BY ADM
                       TABLE 196 MARKET FOR PROBIOTICS: ACQUISITION
             14.1.4 DANONE
                       TABLE 197 DANONE: BUSINESS OVERVIEW
                       FIGURE 44 DANONE: COMPANY SNAPSHOT
                       TABLE 198 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY DANONE
                       TABLE 199 MARKET FOR PROBIOTICS: EXPANSION BY DANONE
             14.1.5 DUPONT
                       TABLE 200 DUPONT: BUSINESS OVERVIEW
                       FIGURE 45 DUPONT: COMPANY SNAPSHOT
                       TABLE 201 MARKET FOR PROBIOTICS: NEW PRODUCT LAUNCHES BY DANISCO
             14.1.6 YAKULT HONSHA
                       TABLE 202 YAKULT HONSHA: BUSINESS OVERVIEW
                       FIGURE 46 YAKULT HONSHA: COMPANY SNAPSHOT
                       TABLE 203 MARKET FOR PROBIOTICS: EXPANSION BY YAKULT HONSHA
             14.1.7 GENERAL MILLS
                       TABLE 204 GENERAL MILLS: BUSINESS OVERVIEW
                       FIGURE 47 GENERAL MILLS: COMPANY SNAPSHOT
                       TABLE 205 MARKET FOR PROBIOTICS: PARTNERSHIP BY GENERAL MILLS
                       TABLE 206 MARKET FOR PROBIOTICS: INVESTMENT BY GENERAL MILLS
             14.1.8 KERRY
                       TABLE 207 KERRY: BUSINESS OVERVIEW
                       FIGURE 48 KERRY: COMPANY SNAPSHOT
                       TABLE 208 PROBIOTICS MARKET: ACQUISITION BY KERRY
                       TABLE 209 MARKET FOR PROBIOTICS: EXPANSION BY KERRY
             14.1.9 CHR. HANSEN
                       TABLE 210 CHR. HANSEN: BUSINESS OVERVIEW
                       FIGURE 49 CHR. HANSEN: COMPANY SNAPSHOT
                       TABLE 211 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY CHR. HANSEN
                       TABLE 212 MARKET FOR PROBIOTICS: ACQUISITION AND PARTNERSHIP BY CHR. HANSEN
                       TABLE 213 MARKET FOR PROBIOTICS: EXPANSION BY CHR. HANSEN
             14.1.10 BIOGAIA
                       TABLE 214 BIOGAIA: BUSINESS OVERVIEW
                       FIGURE 50 BIOGAIA: COMPANY SNAPSHOT
                       TABLE 215 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY BIOGAIA
                       TABLE 216 MARKET FOR PROBIOTICS: EXPANSION BY BIOGAIA
                       TABLE 217 MARKET FOR PROBIOTICS: AGREEMENT AND PARTNERSHIP BY BIOGAIA
             14.1.11 MORINAGA
                       TABLE 218 MORINAGA: BUSINESS OVERVIEW
                       FIGURE 51 MORINAGA MILK INDUSTRY CO., LTD.: COMPANY SNAPSHOT
                       TABLE 219 MARKET FOR PROBIOTICS: NEW PRODUCT LAUNCHES BY MORINAGA
                       TABLE 220 MARKET FOR PROBIOTICS: EXPANSION BY MORINAGA
             14.1.12 GLAC BIOTECH
                       TABLE 221 GLAC BIOTEC: BUSINESS OVERVIEW
             14.1.13 DEERLAND PROBIOTICS & ENZYMES
                       TABLE 222 DEERLAND PROBIOTICS & ENZYMES: BUSINESS OVERVIEW
                       TABLE 223 MARKET FOR PROBIOTICS: ACQUISITION BY DEERLAND PROBIOTICS ENZYMES
                       TABLE 224 MARKET FOR PROBIOTICS: EXPANSION BY DEERLAND PROBIOTICS ENZYMES
             14.1.14 LALLEMAND
                       TABLE 225 LALLEMAND: BUSINESS OVERVIEW
             14.1.15 LESAFFRE
                       TABLE 226 LESAFFRE: BUSINESS OVERVIEW
                       TABLE 227 PROBIOTICS MARKET: NEW PRODUCT LAUNCHES BY PHILEO LESAFFRE
*Details on Business overview, Products offered, Recent developments, MNM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS
             14.2.1 BIOHM HEALTH
                       TABLE 228 BIOHM HEALTH: COMPANY OVERVIEW
             14.2.2 SUN GENOMICS
                       TABLE 229 SUN GENOMICS: COMPANY OVERVIEW
             14.2.3 UNIQUE BIOTECH LTD
                       TABLE 230 UNIQUE BIOTECH LTD: COMPANY OVERVIEW
             14.2.4 MYSTICAL BIOTECH
                       TABLE 231 MYSTICAL BIOTECH: COMPANY OVERVIEW
             14.2.5 FOLIUM SCIENCE
                       TABLE 232 FOLIUM SCIENCE: COMPANY OVERVIEW

15 ADJACENT AND RELATED MARKETS (Page No. - 241)
     15.1 INTRODUCTION
               TABLE 233 ADJACENT MARKETS TO PROBIOTICS
     15.2 LIMITATIONS
     15.3 NUTRACEUTICAL INGREDIENTS MARKET
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                       TABLE 234 NUTRACEUTICAL INGREDIENTS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                       TABLE 235 NUTRACEUTICAL INGREDIENTS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
     15.4 PREBIOTIC INGREDIENTS MARKET
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
                       TABLE 236 PREBIOTIC INGREDIENTS MARKET SIZE, BY TYPE, 2015–2023 (USD MILLION)
     15.5 PROBIOTICS IN ANIMAL FEED MARKET
             15.5.1 MARKET DEFINITION
             15.5.2 MARKET OVERVIEW
                       TABLE 237 PROBIOTICS IN ANIMAL FEED MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION)

16 APPENDIX (Page No. - 247)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involves four major activities to estimate the current market size for probiotics. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market size was validated with industry experts across value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The probiotics market comprises several stakeholders such as technology providers and research labs, biotechnological companies, genetic solution providers, livestock breeders, public and private research institutions, agencies, and laboratories and commercial stains manufacturers. The demand-side of this market is characterized by the rising demand for high nutritional content in food. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents

Given below is the breakdown of the primary respondents.

Probiotics Market  Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the market. These approaches have also been used extensively to estimate the size of various dependent submarkets. The research methodology used to estimate the market size includes the following details:

Top-Down

  • Calculations for the market size have been based on the revenues of key companies identified in the market, which dominated the overall market size. This overall market size has been used in the top-down procedure to estimate the size of other individual markets (mentioned in the market segmentation) via percentage splits derived using secondary and primary sources.
  • 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.
  • For the calculation of market shares of each market segment, the size of the most appropriate and immediate parent market has been considered for implementing the top-down procedure. The bottom-up procedure has also been implemented for data extracted from secondary research to validate the market size obtained for each segment.

Bottom-Up

  • With the bottom-up approach, probiotics for each application, ingredient, form, and end use were added up to arrive at the global and regional market size and CAGR.
  • The pricing analysis was conducted based on types in regions. From this, we derived the market size, in terms of volume, for each region and type of probiotics.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • The bottom-up procedure has been employed to arrive at the overall size of the probiotics market from the revenues of key players (companies) and their product share in the market.
  • The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent and each individual market have been determined and confirmed in this study. The data triangulation procedure implemented for this study is explained in the next section.

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, the data triangulation & market breakdown procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand side and supply side. Along with this, the market size has been validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market size for probiotics
  • To understand the structure of the probiotics market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, collaboration, partnership, joint ventures, and agreements

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s 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

  • Further breakdown of the Rest of Asia Pacific probiotics market, by key country
  • Further breakdown of the Rest of European probiotics market, by key country
  • Further breakdown of the Rest of South American probiotics market, by key country

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Report Code
FB 2269
Published ON
Jul, 2021
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