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
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.
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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.
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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 |
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Revenue forecast |
85.4 billion by 2027 |
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Growth rate |
CAGR of 8.1% |
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Market size estimation |
20222027 |
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Base year considered |
2021 |
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Forecast period considered |
20222027 |
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Units considered |
Value (USD), Volume (KT) |
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Segments covered |
By product type, ingredient, end user, distribution channel, and region |
|
Regions covered |
North America, Asia Pacific, Europe, South America and RoW |
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Companies studied |
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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 BioGaias 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.
Frequently Asked Questions (FAQ):
Which region is projected to account for the largest share in the probiotics market?
Asia Pacific dominated the probiotics market, with a significant value in 2022; it is also projected to grow at a significant CAGR during the forecast period. The Food Safety and Standards Authority of India, and The Probiotic Association of India are regulatory bodies and associations in the Asia Pacific. Major players present in the Asia Pacific probiotics market are Yakult Honsha Co. Ltd. (Japan), and Morinaga Milk Industry Co., Ltd. (Japan).
How much is the probiotic industry worth? What are the market drivers?
Probiotics market is predicted to progress rapidly at a CAGR of 8.1% to reach US$ 85.4 billion by 2027.
Rise in health consciousness, consumer awareness, changing lifestyle and consumption patterns are some of the drivers fueling the market growth.
Which are the key players in the market, and how intense is the competition?
Key players in this market include Danone (France), Yakult Honsha Co., Ltd. (Japan), ADM (US), Probi (Sweden), BioGaia (Sweden), and Nestle (Switzerland). Since probiotics is a fast-growing market, with a lot of unexplored potential, the existing players are fixated on innovations and expanding their product portfolios while startups are being established rapidly. The probiotics market can be classified as a fragmented market as it has a mix of both large and small number players and none of them account for a major part of the market share. The large players are present at the global level, and unorganized players 0are present at the local level in several countries.
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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, 20182021
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, 20202022 (USD/TON)
TABLE 4 DIETARY SUPPLEMENTS: AVERAGE SELLING PRICE (ASP), BY REGION, 20202022 (USD/TON)
TABLE 5 FEED: AVERAGE SELLING PRICE (ASP), BY REGION, 20202022 (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 CUSTOMERS 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, 20202022
6.9 TRADE DATA: PROBIOTICS MARKET
TABLE 9 TOP 10 IMPORTERS AND EXPORTERS OF LACTOBACILLUS, 2021 (KG)
6.10 PORTERS FIVE FORCES ANALYSIS
TABLE 10 PROBIOTICS MARKET: PORTERS 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, 20222023
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, 20192021 (USD BILLION)
TABLE 20 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 21 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (KT)
TABLE 22 PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (KT)
7.2 FUNCTIONAL FOOD & BEVERAGES
TABLE 23 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 20192021 (USD BILLION)
TABLE 24 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 25 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 20192021 (KT)
TABLE 26 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 20222027 (KT)
TABLE 27 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 28 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (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, 20192021 (USD BILLION)
TABLE 30 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 31 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20192021 (KT)
TABLE 32 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20222027 (KT)
TABLE 33 DIETARY SUPPLEMENTS MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 34 DIETARY SUPPLEMENTS MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (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, 20192021 (USD BILLION)
TABLE 36 FEED MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 37 FEED MARKET SIZE, BY REGION, 20192021 (KT)
TABLE 38 FEED MARKET SIZE, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 42 PROBIOTICS MARKET SIZE, BY INGREDIENT, 20222027 (USD BILLION)
8.2 BACTERIA
TABLE 43 BACTERIA MARKET SIZE, BY REGION, 20192021 (USD BILLION)
TABLE 44 BACTERIA MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 45 BACTERIA: PROBIOTICS MARKET SIZE, BY TYPE, 20192021 (USD BILLION)
TABLE 46 BACTERIA: PROBIOTICS MARKET SIZE, BY TYPE, 20222027 (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, 20192021 (USD BILLION)
TABLE 48 YEAST MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 49 YEAST: PROBIOTICS MARKET SIZE, BY TYPE, 20192021 (USD BILLION)
TABLE 50 YEAST: PROBIOTICS MARKET SIZE, BY TYPE, 20222027 (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, 20192021 (USD BILLION)
TABLE 53 PROBIOTICS MARKET SIZE, BY END USER, 20222027 (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, 20192021 (USD BILLION)
TABLE 55 PROBIOTICS MARKET SIZE FOR HUMANS, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 58 PROBIOTICS MARKET SIZE FOR ANIMALS, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 60 PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20222027 (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, 20192021 (USD BILLION)
TABLE 62 HYPERMARKETS/SUPERMARKETS MARKET SIZE, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 64 PHARMACIES/DRUGSTORES MARKET SIZE, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 66 SPECIALTY STORES MARKET SIZE, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 68 ONLINE MARKET SIZE, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 70 CONVENIENCE STORES/SMALL RETAIL FORMATS MARKET SIZE, BY REGION, 20222027 (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, 20192021 (USD BILLION)
TABLE 72 PROBIOTICS MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 73 PROBIOTICS MARKET SIZE, BY REGION, 20192021 (KT)
TABLE 74 PROBIOTICS MARKET SIZE, BY REGION, 20222027 (KT)
11.2 NORTH AMERICA
TABLE 75 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 20192021 (USD BILLION)
TABLE 76 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 20222027 (USD BILLION)
TABLE 77 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 78 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 79 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (KT)
TABLE 80 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (KT)
TABLE 81 NORTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 82 NORTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 83 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20192021 (USD BILLION)
TABLE 84 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20222027 (USD BILLION)
TABLE 85 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 20192021 (USD BILLION)
TABLE 86 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 20222027 (USD BILLION)
TABLE 87 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20192021 (USD BILLION)
TABLE 88 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20222027 (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, 20192021 (USD MILLION)
TABLE 90 US: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 92 CANADA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 94 MEXICO: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD MILLION)
11.3 EUROPE
FIGURE 37 EUROPE: MARKET SNAPSHOT
TABLE 95 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 20192021 (USD BILLION)
TABLE 96 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 20222027 (USD BILLION)
TABLE 97 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 98 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 99 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (KT)
TABLE 100 EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (KT)
TABLE 101 EUROPE: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 102 EUROPE: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 103 EUROPE: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20192021 (USD BILLION)
TABLE 104 EUROPE: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20222027 (USD BILLION)
TABLE 105 EUROPE: PROBIOTICS MARKET SIZE, BY END USER, 20192021 (USD BILLION)
TABLE 106 EUROPE: PROBIOTICS MARKET SIZE, BY END USER, 20222027 (USD BILLION)
TABLE 107 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20192021 (USD BILLION)
TABLE 108 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20222027 (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, 20192021 (USD MILLION)
TABLE 110 RUSSIA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 112 UK: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 114 ITALY: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 116 GERMANY: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 118 SPAIN: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 120 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD MILLION)
11.4 ASIA PACIFIC
FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 121 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY, 20192021 (USD BILLION)
TABLE 122 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY, 20222027 (USD BILLION)
TABLE 123 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 124 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 125 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (KT)
TABLE 126 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (KT)
TABLE 127 ASIA PACIFIC: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 128 ASIA PACIFIC: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 129 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20192021 (USD BILLION)
TABLE 130 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20222027 (USD BILLION)
TABLE 131 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 20192021 (USD BILLION)
TABLE 132 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 20222027 (USD BILLION)
TABLE 133 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20192021 (USD BILLION)
TABLE 134 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20222027 (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, 20192021 (USD MILLION)
TABLE 136 CHINA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 138 JAPAN: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 140 INDIA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 142 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 144 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD MILLION)
11.5 SOUTH AMERICA
TABLE 145 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 20192021 (USD BILLION)
TABLE 146 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 20222027 (USD BILLION)
TABLE 147 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 148 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 149 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (KT)
TABLE 150 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (KT)
TABLE 151 SOUTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 152 SOUTH AMERICA: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 153 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20192021 (USD BILLION)
TABLE 154 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20222027 (USD BILLION)
TABLE 155 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 20192021 (USD BILLION)
TABLE 156 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 20222027 (USD BILLION)
TABLE 157 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20192021 (USD BILLION)
TABLE 158 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20222027 (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, 20192021 (USD MILLION)
TABLE 160 BRAZIL: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 162 ARGENTINA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 164 REST OF SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD MILLION)
11.6 REST OF THE WORLD
TABLE 165 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY REGION, 20192021 (USD BILLION)
TABLE 166 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY REGION, 20222027 (USD BILLION)
TABLE 167 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 168 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 169 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20192021 (KT)
TABLE 170 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (KT)
TABLE 171 REST OF THE WORLD: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20192021 (USD BILLION)
TABLE 172 REST OF THE WORLD: FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY SUB PRODUCT TYPE, 20222027 (USD BILLION)
TABLE 173 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20192021 (USD BILLION)
TABLE 174 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY DISTRIBUTION CHANNEL, 20222027 (USD BILLION)
TABLE 175 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY END USER, 20192021 (USD BILLION)
TABLE 176 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY END USER, 20222027 (USD BILLION)
TABLE 177 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20192021 (USD BILLION)
TABLE 178 REST OF THE WORLD: PROBIOTICS MARKET SIZE, BY INGREDIENT, 20222027 (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, 20192021 (USD MILLION)
TABLE 180 MIDDLE EAST: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20192021 (USD MILLION)
TABLE 182 AFRICA: PROBIOTICS MARKET SIZE, BY PRODUCT TYPE, 20222027 (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, 20172021 (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, 20192022
12.8.3 OTHERS
TABLE 193 PROBIOTICS: OTHERS, 20192022
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, 20222027 (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, 20172025 (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 industrys 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.
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)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Probiotics Market
- What will your New Revenue Sources be?
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Growth opportunities and latent adjacency in Probiotics Market
We require details on only probiotic supplements and not probiotic and prebiotic? We are looking for the data on the percentage of probiotic users more in detail for NA & Canada region. We need the data to conduct an internal statistical analysis to see the incidence of adverse events of our product. So, we want to use your information to calculate, etc.
We need a report which provides information on the probiotic supplement market for the Asia Pacific? Also, would like to clarify that is it okay if we select the topic based on the table of content on the report as an add-on to the information. We are the probiotic manufacturer; we hope to extend the business in the oral care. One of the niche markets is toothpaste. Now we have the project for kids tooth paste in which we expect to input our probiotic powder. So, we hope to check what is the potential points in the probiotics market?
I would like to know which region will lead the Probiotics Market in the future?
I would like to know about the growth opportunities in China along with key countries around the globe.
Hello, does your report include market size and market trends analysis of probiotics companies operating specifically in the US or South America?
Any information on the current market trends in the probiotics market would be very helpful for me.
Hello, we are a startup trying to get estimates on the size of the probiotics market. I am hoping you will provide us detailed information. Thanks in advance!
What drives the market growth and future business opportunities in North America region?
I am particularly interested to see if this report covers Dairy Products?
I am launching dietary supplements business this year in Zimbabwe. Want to understand the market in this country. Could you please provide a detailed analysis?
I am specifically interested in the breakdown of the probiotics market by ingredient and application.
Provide detailed analysis of probiotics market competitiveness in the global market
Can you tell me how to buy this report and what will be the cost?
We would like to know more about the Probiotics Market in Thailand. Does the report provide analysis for the Thailand market? Which years, base and forecast, have been considered for this study? How much is the price of report (single report purchase)?
I am considering the probiotic market for investment, and want to know the trends in the Vietnam market to see if it is worth investing in. Please provide global quantitative data along with Vietnamese market data.
I want a detailed analysis of the following segments: Dairy Products, Non-dairy Beverages, and Infant Formula. Can you share the breakdown prices of each segment in a separate form?
Can you collect the sales data of a specific brand in the probiotic market and provide it to us?
We are looking for specific data related to the Probiotics Market - A global market study in detail with only the overall market share for each region.