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
[256 Pages Report] The global probiotics market size is estimated to be valued at USD 65.9 billion in 2022 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.
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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
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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.
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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|
Report Metric |
Details |
|
Market size estimation |
20162026 |
|
Base year considered |
2020 |
|
Forecast period considered |
20212026 |
|
Market size value in 2021 |
USD 61.1 billion |
|
Market size value in 2022 |
USD 65.9 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
- Lactobacilli
- 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 womens 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:
Which region is projected to account for the largest share in the probiotics market?
Asia Pacific accounted for the largest share of the probiotics market in 2020, owing to the rapid growth of functional foods like dietary supplements which boosts the demand for and probiotics.
What is the current size of the global probiotics market?
The global probiotics market is 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.
What are the competitive strategies adopted by key players in the market?
- Increase in R&D budget
- New product launches
- Innovative promotional and marketing strategies
What is the COVID-19 impact on the probiotics market?
COVID-19 has created high awareness among consumers regarding healthy food consumption. The consumers are panic buying functional food products like probiotics which can build immunity in them
Which are the key players in the market?
Danone (France), Yakult Honsha (Japan), Nestlι (Switzerland), DowDuPont (US), and Chr. Hansen (Denmark). .
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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, 20182020
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, 20212026
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, 20212026
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, 20132017
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 CUSTOMERS BUSINESS
FIGURE 27 REVENUE SHIFT FOR THE PROBIOTICS MARKET
6.7 PORTERS FIVE FORCES ANALYSIS
6.7.1 PROBIOTICS MARKET: PORTERS 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, 20192021
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, 20162020 (USD BILLION)
TABLE 9 MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 20212026 (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, 20162020 (USD BILLION)
TABLE 11 BACTERIA MARKET SIZE, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 13 YEAST MARKET SIZE, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 16 MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
TABLE 17 MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20162020 (KT)
TABLE 18 PROBIOTICS MARKET SIZE, BY APPLICATION, 20212026 (KT)
9.2 FUNCTIONAL FOOD & BEVERAGES
TABLE 19 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 20 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 21 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY PRODUCT, 20162020 (USD BILLION)
TABLE 22 FUNCTIONAL FOOD & BEVERAGES MARKET SIZE, BY PRODUCT, 20212026 (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, 20162020 (USD BILLION)
TABLE 24 DAIRY: MARKET SIZE FOR PROBIOTICS, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 26 NON-DAIRY BEVERAGES: MARKET SIZE FOR PROBIOTICS, BY REGION, 20212026 (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 segments growth
TABLE 27 INFANT FORMULA: PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 28 INFANT FORMULA: MARKET SIZE FOR PROBIOTICS, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 30 CEREALS: MARKET SIZE FOR PROBIOTICS, BY REGION, 20212026 (USD BILLION)
9.2.5 OTHER APPLICATIONS
TABLE 31 OTHERS: MARKET SIZE FOR PROBIOTICS, BY REGION, 20162020 (USD BILLION)
TABLE 32 OTHERS: MARKET SIZE FOR PROBIOTICS, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 34 DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 36 FEED MARKET SIZE, BY REGION, 20212026 (USD BILLION)
10 PROBIOTICS MARKET, BY END USER (Page No. - 105)
10.1 INTRODUCTION
FIGURE 32 GLOBAL POULTRY PRODUCTION, 20162018 (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, 20162020 (USD BILLION)
TABLE 38 MARKET SIZE FOR PROBIOTICS, BY END USER, 20212026 (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, 20162020 (USD BILLION)
TABLE 40 MARKET SIZE FOR HUMANS, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 43 GLOBAL MARKET SIZE FOR ANIMALS, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 45 MARKET SIZE FOR PROBIOTICS, BY FORM, 20212026 (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, 20162020 (USD BILLION)
TABLE 47 DRY PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
11.3 LIQUID
11.3.1 LIQUID PROBIOTICS A POPULAR CHOICE AMONG KIDS
TABLE 48 LIQUID PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 49 LIQUID PROBIOTIC MARKET SIZE, BY REGION, 20212026 (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, 20162020 (USD BILLION)
TABLE 51 MARKET SIZE FOR PROBIOTICS, BY REGION, 20212026 (USD BILLION)
12.2 NORTH AMERICA
TABLE 52 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 53 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20212026 (USD BILLION)
TABLE 54 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 20162020 (USD BILLION)
TABLE 55 NORTH AMERICA: MARKET SIZE, BY INGREDIENT, 20212026 (USD BILLION)
TABLE 56 NORTH AMERICA: MARKET SIZE, BY FORM, 20162020 (USD BILLION)
TABLE 57 NORTH AMERICA: MARKET SIZE, BY FORM, 20212026 (USD BILLION)
TABLE 58 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 20162020 (USD BILLION)
TABLE 59 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 20212026 (USD BILLION)
TABLE 60 NORTH AMERICA: MARKET SIZE, BY END USER, 20162020 (USD BILLION)
TABLE 61 NORTH AMERICA: MARKET SIZE, BY END USER, 20212026 (USD BILLION)
TABLE 62 NORTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 63 NORTH AMERICA: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY COUNTRY, 20212026 (USD BILLION)
TABLE 64 NORTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 65 NORTH AMERICA: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY COUNTRY, 20212026 (USD BILLION)
TABLE 66 NORTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 67 NORTH AMERICA: ANIMAL FEED PROBIOTIC MARKET SIZE, BY COUNTRY, 20212026 (USD BILLION)
TABLE 68 NORTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 20162020 (USD BILLION)
TABLE 69 NORTH AMERICA: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 20212026 (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, 20162020 (USD BILLION)
TABLE 71 US: MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 73 CANADA: MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 75 MEXICO: MARKET SIZE, BY APPLICATION, 20212026 (USD BILLION)
12.3 EUROPE
TABLE 76 EUROPE: PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 77 EUROPE: MARKET SIZE, BY COUNTRY, 20212026 (USD BILLION)
TABLE 78 EUROPE: MARKET SIZE, BY INGREDIENT, 20162020 (USD BILLION)
TABLE 79 EUROPE: MARKET SIZE, BY INGREDIENT, 20212026 (USD BILLION)
TABLE 80 EUROPE: MARKET SIZE, BY FORM, 20162020 (USD BILLION)
TABLE 81 EUROPE: MARKET SIZE, BY FORM, 20212026 (USD BILLION)
TABLE 82 EUROPE: MARKET SIZE, BY APPLICATION, 20162020 (USD BILLION)
TABLE 83 EUROPE :MARKET SIZE, BY APPLICATION, 20212026 (USD BILLION)
TABLE 84 EUROPE: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 85 EUROPE: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 86 EUROPE: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 87 EUROPE: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 88 EUROPE: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 89 EUROPE: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 90 EUROPE: PROBIOTICS MARKET SIZE, BY END USER, 20162020 (USD BILLION)
TABLE 91 EUROPE: MARKET SIZE, BY END USER, 20212026 (USD BILLION)
TABLE 92 EUROPE: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 20162020 (USD BILLION)
TABLE 93 EUROPE: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 20212026 (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, 20162020 (USD BILLION)
TABLE 95 RUSSIA: MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 97 UK: MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 99 ITALY: MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 101 GERMANY: MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 103 SPAIN: MARKET SIZE, BY APPLICATION, 20212026 (USD BILLION)
12.3.6 REST OF EUROPE
TABLE 104 REST OF EUROPE: PROBIOTICS MARKET SIZE, BY APPLICATION, 20162020 (USD BILLION)
TABLE 105 REST OF EUROPE: MARKET SIZE, BY APPLICATION, 20212026 (USD BILLION)
12.4 ASIA PACIFIC
FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 106 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 107 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 20212026 (USD BILLION)
TABLE 108 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 20162020 (USD BILLION)
TABLE 109 ASIA PACIFIC: MARKET SIZE, BY INGREDIENT, 20212026 (USD BILLION)
TABLE 110 ASIA PACIFIC: MARKET SIZE, BY FORM, 20162020 (USD BILLION)
TABLE 111 ASIA PACIFIC: MARKET SIZE, BY FORM, 20212026 (USD BILLION)
TABLE 112 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 20162020 (USD BILLION)
TABLE 113 ASIA PACIFIC: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
TABLE 114 ASIA PACIFIC: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 115 ASIA PACIFIC: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 116 ASIA PACIFIC: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 117 ASIA PACIFIC: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 118 ASIA PACIFIC: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 119 ASIA PACIFIC: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 120 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY END USER, 20162020 (USD BILLION)
TABLE 121 ASIA PACIFIC: MARKET SIZE, BY END USER, 20212026 (USD BILLION)
TABLE 122 ASIA PACIFIC: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 20162020 (USD BILLION)
TABLE 123 ASIA PACIFIC: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 20212026 (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, 20162020 (USD BILLION)
TABLE 125 CHINA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 127 JAPAN: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 129 SOUTH KOREA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 131 AUSTRALIA & NEW ZEALAND: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
12.4.5 REST OF ASIA PACIFIC
TABLE 132 REST OF ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY APPLICATION, 20162020 (USD BILLION)
TABLE 133 REST OF ASIA PACIFIC: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
12.5 SOUTH AMERICA
TABLE 134 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 135 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY COUNTRY, 20212026 (USD BILLION)
TABLE 136 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 20162020 (USD BILLION)
TABLE 137 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 20212026 (USD BILLION)
TABLE 138 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY FORM, 20162020 (USD BILLION)
TABLE 139 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY FORM, 20212026 (USD BILLION)
TABLE 140 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20162020 (USD BILLION)
TABLE 141 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
TABLE 142 SOUTH AMERICA: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 143 SOUTH AMERICA: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 144 SOUTH AMERICA: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 145 SOUTH AMERICA: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 146 SOUTH AMERICA: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD BILLION)
TABLE 147 SOUTH AMERICA: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD BILLION)
TABLE 148 SOUTH AMERICA: PROBIOTICS MARKET SIZE, BY END USER, 20162020 (USD BILLION)
TABLE 149 SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY END USER, 20212026 (USD BILLION)
TABLE 150 SOUTH AMERICA: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 20162020 (USD BILLION)
TABLE 151 SOUTH AMERICA: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 20212026 (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, 20162020 (USD BILLION)
TABLE 153 ARGENTINA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 155 BRAZIL: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (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, 20162020 (USD BILLION)
TABLE 157 REST OF SOUTH AMERICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
12.6 REST OF THE WORLD
TABLE 158 ROW: PROBIOTICS MARKET SIZE, BY COUNTRY, 20162020 (USD BILLION)
TABLE 159 ROW: MARKET SIZE FOR PROBIOTICS, BY COUNTRY, 20212026 (USD BILLION)
TABLE 160 ROW: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 20162020 (USD BILLION)
TABLE 161 ROW: MARKET SIZE FOR PROBIOTICS, BY INGREDIENT, 20212026 (USD BILLION)
TABLE 162 ROW: MARKET SIZE FOR PROBIOTICS, BY FORM, 20162020 (USD BILLION)
TABLE 163 ROW: MARKET SIZE FOR PROBIOTICS, BY FORM, 20212026 (USD BILLION)
TABLE 164 ROW: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20162020 (USD MILLION)
TABLE 165 ROW: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD BILLION)
TABLE 166 ROW: MARKET SIZE FOR PROBIOTICS, BY END USER, 20162020 (USD BILLION)
TABLE 167 ROW: MARKET SIZE FOR PROBIOTICS, BY END USER, 20212026 (USD BILLION)
TABLE 168 ROW: FOOD & BEVERAGE PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD MILLION)
TABLE 169 ROW: FOOD & BEVERAGE PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD MILLION)
TABLE 170 ROW: DIETARY SUPPLEMENTS PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD MILLION)
TABLE 171 ROW: DIETARY SUPPLEMENTS PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD MILLION)
TABLE 172 ROW: ANIMAL FEED PROBIOTICS MARKET SIZE, BY REGION, 20162020 (USD MILLION)
TABLE 173 ROW: ANIMAL FEED PROBIOTIC MARKET SIZE, BY REGION, 20212026 (USD MILLION)
TABLE 174 ROW: FOOD & BEVERAGE IN PROBIOTICS MARKET SIZE, BY PRODUCT, 20162020 (USD BILLION)
TABLE 175 ROW: FOOD & BEVERAGE IN PROBIOTIC MARKET SIZE, BY PRODUCT, 20212026 (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, 20162020 (USD MILLION)
TABLE 177 MIDDLE EAST: PROBIOTIC MARKET SIZE, BY APPLICATION, 20212026 (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, 20162020 (USD MILLION)
TABLE 179 AFRICA: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (USD MILLION)
12.6.3 OTHERS IN ROW
TABLE 180 OTHERS IN ROW: PROBIOTICS MARKET SIZE, BY APPLICATION, 20162020 (USD MILLION)
TABLE 181 OTHERS IN ROW: MARKET SIZE FOR PROBIOTICS, BY APPLICATION, 20212026 (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, 20182020 (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 2018MAY 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, 20162019 (USD MILLION)
TABLE 235 NUTRACEUTICAL INGREDIENTS MARKET SIZE, BY TYPE, 20202025 (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, 20152023 (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, 20172025 (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.
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 companys 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)
- 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?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in 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 i get this full report
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?