Probiotics Food & Cosmetics Market

Probiotics Food & Cosmetics Market by Product Type (Probiotics Food and Beverages, Dietary Supplements, Cosmetics), Ingredient (Bacteria, Yeast), Distribution Channel (Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores, Online) & Region - Global Forecast to 2026

Report Code: FB 8022 Dec, 2021, by marketsandmarkets.com

[157 Pages Report] The global probiotics food & cosmetics market is estimated to be valued at USD 56.6 billion in 2021. It is projected to reach USD 84.5 billion by 2026, recording a CAGR of 8.3% during the forecast period. The best probiotics skin care products promote a healthier, stronger, and calmer skin barrier, which consists of a layer of natural bacteria, making them great for combating dryness, irritation, inflammation, and damage caused by free radical exposure. Today, probiotic supplements are consumed with increasing regularity and record a rapidly growing economic value.

Probiotics Food & Cosmetics Market

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Market Dynamics

Drivers: Increasing popularity of probiotic dietary supplements

Dietary supplements include tablets, capsules, powders, liquids, and pills, which are convenient forms of meeting the daily nutritional requirements of the body. Probiotic dietary supplements are not as popular as probiotic foods, especially in Asia Pacific, but have started gaining popularity over the past few years. North America is a huge market for probiotic dietary supplements due to the natural predisposition of consumers for taking supplements. Compared to European countries, people in the US are more willing to consume oral supplements. In the US, the FDA does not require pre-market approval of the health claims made by manufacturers of probiotic dietary supplements, which allows them to launch innovative products to cater to the increasing demand.

Restraints: International quality standards and regulations for probiotic products

International bodies, such as the National Food Safety and Quality Service, Canadian Food Inspection Agency, US FDA, WHO, and European Parliament Committee on the ENVI (Environment, Public Health and Food Safety) of the EU are associated with food safety regulations. These organizations have control over the use of different chemicals and materials during food processing, directly or indirectly. In 2001, the joint FAO of the UN/WHO Expert Consultation on Evaluation of Health and Nutritional Properties of Probiotics developed guidelines for evaluating probiotics in food that could lead to the substantiation of health claims. This was to standardize the requirements needed to make health claims related to probiotic agents. The inclusion of probiotics in cosmetics will provide regulatory challenges as it brings cosmetic products into the health realm. The products are focused on safety, clinical verification, and proof of using high standards for handling, storing, and applying products containing microbes and their metabolites or cell walls.

Opportunities: Probiotics can replace pharmaceutical agents

The increasing demand for probiotics has shown that customers prefer products with proven health benefits. The increasing evidence of health benefits associated with probiotics for health restoration has increased the customer expectations related to probiotics. This inclination toward a safe, natural, and cost-effective substitute for drugs has led to the application of probiotics as pharmaceutical agents. Beneficial effects of probiotics as pharmaceutical agents seem to be strain- and dose-dependent. Clinical trials have displayed that probiotics may cure certain disorders or diseases in humans, especially those related to the GI tract. The consumption of fermented dairy products containing probiotic cultures may provide health benefits in certain clinical conditions, such as antibiotic-associated diarrhea, rotavirus-associated diarrhea, inflammatory bowel disease, irritable bowel syndrome (IBS), allergenic diseases, cancer, Helicobacter pylori infection, and lactose-intolerance

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. For instance, Lactobacilli spp. has been observed to survive only between 30 seconds to a few minutes under such conditions. Generally, the acid is useful in killing harmful bacteria, which might be ingested with food or while drinking, but good bacteria are also killed in the process that is in the form of probiotics. However, the stomach of humans has a mucous lining, which can resist the stomach acid from digesting the food.

High-growth prospects for probiotic manufacturers in Asia Pacific

The expansion of supermarkets, especially in Asia Pacific, is expected to create high-growth prospects for probiotic manufacturers in the coming years. China is expected to create lucrative opportunities for the US yogurt manufacturers amid the rise in the demand for yogurt in the country, exceeding domestic production. Companies such as General Mills (US) and Chobani (US) can penetrate the yogurt market in the country with the launch of their product line. Consumers are willing to visit supermarkets and pay premium prices for products with nutritional benefits. The trend of leading a healthy lifestyle attracts 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.

Bacteria plays a major role in building immunity among people

The most widely consumed bacteria strains are Lactobacilli, Bifidobacteria, and Streptococcus Thermophilusthermophilus, among others (Enterococcus, Bacillus, and Pediococcus). The primary benefit of incorporating scientifically derived bacterial strains in probiotic foods is the balance in the host’s intestinal microbiota and the subsequent enhancement of the immune system. The other advantages include balancing the pH of the large intestine, cholesterol reduction, prevention of diseases, treatment of tooth decay, and improvement in women’s health.

The probiotics food & cosmetics segment, by product type is projected to be the fastest-growing during the forecast period.

Probiotics are categorized as foods & beverages based on their intended uses and benefits, which, in turn, depends on probiotic microbes. The products under this category include foods & beverages that offer distinct health benefits beyond fundamental nutrition due to their specific ingredients. Probiotic ingredients are incorporated in a wide range of food & beverage applications such as dairy products, non-dairy beverages, cereals, and infant formula. The increasing consumer awareness related to probiotics is gradually gaining pace, which is expected to drive the investments in R&D for developing new products that contain probiotic ingredients.

The Asia Pacific region dominated the probiotics food & cosmetics market

Probiotics are becoming one of the essential ingredients for various health and nutritional applications. Awareness regarding the benefits of ‘good bacteria’ has always been high in the European and Asia Pacific markets due to bacterially fermented milk products available in the regions. With the increase in diseases such as obesity, high blood pressure, and osteoporosis, consumers tend to maintain a healthy diet with the increased consumption of fortified foods, beverages, and dietary supplements.

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Key Market Players

Key players in this market include Probi AB (Sweden), Nestlé (Switzerland), ADM (US), Danone (France), DuPont (US), Yakult Honsha (Japan), Kerry (Ireland), BioGaia (Sweden), Esse Skincare (South Africa), and L’Oréal (France).

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Scope of the Report

Report Metric

Details

Market size estimation

2016–2026

Base year considered

2020

Forecast period considered

2021–2026

Units considered

Value (USD)

Segments covered

 

By distribution channel, ingredients, product type, and region 

Regions covered

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

Companies studied

  • Probi Ab
  •  Nestlé
  •  Archer Daniels Midland Company
  • Danone
  • DuPont
  • Yakult Honsha
  • General Mills
  • Kerry
  • BioGaia
  • Morinaga Milk Industry Co., Ltd.
  • Glowbiotics LLC
  • Eminence Organic Skin Care
  • Esse Skin Care
  • L'Oréal
  • Estée Lauder
  • TULA Skincare
  • Aurelia London
  • LaFlore Probiotic Skincare
  • Gallinée Microbiome Skincare
  • Biomilk Skincare

This research report categorizes the probiotics food & cosmetics market, based on distribution channel, ingredients, product type, and region  

Probiotics Food & Cosmetics Market:

By Distribution Channel

  • Hypermarkets/ Supermarkets
  • Pharmacies/ Drugstores
  • Specialty stores
  • Online

By Ingredients

  • Bacteria
  • Yeast

By Product Type

  • Probiotics food & beverages
  • Dietary Supplements
  • Cosmetics

By Product Type

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

Recent Developments

  • In February 2021, BioGia aims at developing next-generation probiotic products focusing on metabolic conditions with a special emphasis on diabetes and related diseases.
  • In December 2020, Danone launched a probiotic product for preventing lactation mastitis in breastfeeding mothers. It is sold exclusively in China.
  • In November 2020, Kerry acquired Bio-K Plus International, which provides a range of clinically supported probiotic beverage and supplement applications.
  • In May 2020, Probi AB signed a long-term R&D collaboration agreement with Competence Centre on Health Technologies (CCHT). It aims at developing novel products based on probiotics lactobacilli strains for women’s health.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 15)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
          FIGURE 1 PROBIOTIC FOOD & COSMETIC MARKET SEGMENTATION
    1.4 INCLUSIONS AND EXCLUSIONS
          FIGURE 2 PROBIOTIC FOOD & COSMETICS MARKET: GEOGRAPHIC SEGMENTATION
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
          TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2020
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 20)
    2.1 RESEARCH DATA
          FIGURE 3 PROBIOTIC FOOD & COSMETICS 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 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. - 36)
    FIGURE 10 FOOD & BEVERAGES SEGMENT TO DOMINATE THE PROBIOTIC FOOD & COSMETICS MARKET, 2021 VS. 2026 (USD BILLION)
    FIGURE 11 ASIA PACIFIC TO BE THE LARGEST REGION IN THE PROBIOTIC FOOD & COSMETICS MARKET, 2021–2026

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 BRIEF OVERVIEW OF THE PROBIOTIC FOOD & COSMETICS MARKET
          FIGURE 12 BENEFITS ASSOCIATED WITH PROBIOTICS FUEL THE MARKET DEMAND
    4.2 PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY REGION
          FIGURE 13 PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY REGION, 2021 VS. 2026 (USD BILLION)
    4.3 COVID-19 IMPACT ON THE PROBIOTIC FOOD & COSMETICS MARKET
          FIGURE 14 PRE- & POST-COVID SCENARIOS IN THE PROBIOTIC FOOD & COSMETICS MARKET

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing popularity of probiotic dietary supplements
                    5.2.1.2 Participation of international bodies in the R&D of probiotic products
                    5.2.1.3 Market competitiveness in the probiotics 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 Increase in demand for probiotics in developed economies
           5.2.4 CHALLENGES
                    5.2.4.1 Intolerance of probiotics to stomach acid and bile

6 INDUSTRY TRENDS (Page No. - 45)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN
          FIGURE 15 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 THE METABOLIC ACTIVITY OF MICROBES
           6.3.2 MICROENCAPSULATION TO ENHANCE THE VIABILITY OF PROBIOTICS
           6.3.3 PROBIOTICS AND ARTIFICIAL INTELLIGENCE
    6.4 PRICING ANALYSIS: PROBIOTIC FOOD & COSMETICS MARKET
    6.5 ECOSYSTEM OF PROBIOTICS
           6.5.1 PROBIOTIC FOOD & COSMETICS MARKET: ECOSYSTEM MAP
                    TABLE 2 PROBIOTIC FOOD & COSMETICS MARKET: ECOSYSTEM
    6.6 YC-YCC SHIFT: TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER’S BUSINESS
          FIGURE 16 REVENUE SHIFT FOR THE PROBIOTIC FOOD & COSMETICS MARKET
    6.7 PORTER’S FIVE FORCES ANALYSIS
           6.7.1 PROBIOTIC FOOD & COSMETICS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.7.2 THREAT OF NEW ENTRANTS
           6.7.3 THREAT OF SUBSTITUTES
           6.7.4 BARGAINING POWER OF SUPPLIERS
           6.7.5 BARGAINING POWER OF BUYERS
           6.7.6 INTENSITY OF COMPETITIVE RIVALRY
    6.8 PATENT ANALYSIS
          FIGURE 17 TOP PUBLICATION YEAR
          FIGURE 18 TOP TEN APPLICANTS IN THE LAST TEN YEARS
          TABLE 3 SOME PATENTS PERTAINING TO PROBIOTICS, 2019–2021
    6.9 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
    6.10 COVID-19 IMPACT ANALYSIS
    6.11 REGULATORY FRAMEWORK
           6.11.1 NORTH AMERICA
                    6.11.1.1 United States
                    6.11.1.2 Canada
           6.11.2 EUROPE
           6.11.3 ASIA PACIFIC
                    6.11.3.1 Japan
                    6.11.3.2 Australia & New Zealand
                    6.11.3.3 India
           6.11.4 SOUTH AMERICA
                    6.11.4.1 Brazil

7 PROBIOTIC FOOD & COSMETICS MARKET, BY INGREDIENT (Page No. - 59)
    7.1 INTRODUCTION
          TABLE 6 DIVERSITY OF PROBIOTICS
          TABLE 7 HEALTH BENEFITS OF PROBIOTIC MICROORGANISMS
    7.2 BACTERIA
           7.2.1 BACTERIA PLAYS A MAJOR ROLE IN BUILDING IMMUNITY AMONG PEOPLE
           7.2.2 LACTOBACILLI
                    7.2.2.1 Lactobacillus acidophilus
                    7.2.2.2 Lactobacillus rhamnosus
                    7.2.2.3 Lactobacillus casei
                    7.2.2.4 Lactobacillus reuteri
           7.2.3 BIFIDOBACTERIUM
           7.2.4 STREPTOCOCCUS THERMOPHILUS
    7.3 YEAST
           7.3.1 PROBIOTICS ARE WIDELY USED FOR SEVERAL THERAPEUTIC PURPOSES
                    TABLE 8 BENEFICIAL EFFECTS OF YEAST
           7.3.2 SACCHAROMYCES BOULARDII

8 PROBIOTIC FOOD & COSMETICS MARKET, BY DISTRIBUTION CHANNEL (Page No. - 67)
    8.1 INTRODUCTION
           8.1.1 HYPERMARKETS/SUPERMARKETS
                    8.1.1.1 High-growth prospects for probiotic manufacturers in Asia Pacific
           8.1.2 PHARMACIES/DRUGSTORES
                    8.1.2.1 In the US, the demand for dietary supplements will increase amid the rise in the geriatric population
           8.1.3 SPECIALTY STORES
                    8.1.3.1 Specialty stores provide a variety of probiotic dietary supplements to various categories of people
           8.1.4 ONLINE
                    8.1.4.1 Online shopping to gain consumer interest in the coming years

9 PROBIOTIC FOOD & COSMETICS MARKET, BY PRODUCT TYPE (Page No. - 69)
    9.1 INTRODUCTION
          TABLE 9 PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2016–2020 (USD MILLION)
          TABLE 10 PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.2 PROBIOTIC FOOD & BEVERAGES
          TABLE 11 PROBIOTIC FOOD & BEVERAGES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
          TABLE 12 PROBIOTIC FOOD & BEVERAGES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 PROBIOTICS DIETARY SUPPLEMENTS
           9.3.1 DIETARY SUPPLEMENTS ARE AN ALTERNATIVE TO FULFILL DIET DEFICIENCIES
                    TABLE 13 PROBIOTIC DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 14 PROBIOTIC DIETARY SUPPLEMENTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.4 PROBIOTIC COSMETICS
           9.4.1 DUE TO THIS RISING INCLINATION, THE PERSONAL CARE INDUSTRY IS CONSISTENTLY WITNESSING SUBSTANTIAL GROWTH
                    TABLE 15 PROBIOTIC COSMETICS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
                    TABLE 16 PROBIOTIC COSMETICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 PROBIOTIC FOOD & COSMETICS MARKET, BY REGION (Page No. - 74)
     10.1 INTRODUCTION
             TABLE 17 PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
             TABLE 18 PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
             TABLE 19 NORTH AMERICA: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2016–2020 (USD MILLION)
             TABLE 20 NORTH AMERICA: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Aim to improve digestive health and immunity fuels the growth of probiotics in the US
             10.2.2 CANADA
                        10.2.2.1 Probiotic companies offer improved and innovative products to facilitate the demand for high-quality products
             10.2.3 MEXICO
                        10.2.3.1 Lack of awareness about the health benefits of probiotics to restrict the growth of the market
     10.3 EUROPE
             TABLE 21 EUROPE: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2016–2020 (USD MILLION)
             TABLE 22 EUROPE: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
             10.3.1 FRANCE
                        10.3.1.1 Traditional drinks such as kefir to contribute to the growth of the probiotics market in Russia
             10.3.2 UK
                        10.3.2.1 Probiotics usage to be extended to various food applications such as snack bars
             10.3.3 ITALY
                        10.3.3.1 Italy has a huge market in Europe owing to the awareness about the health benefits of probiotics
             10.3.4 GERMANY
                        10.3.4.1 Ban on antibiotics to promote growth in the probiotic food & cosmetics market
             10.3.5 SPAIN
                        10.3.5.1 Companies invest in Spain to produce value-added probiotic products
             10.3.6 REST OF EUROPE
     10.4 ASIA PACIFIC
             TABLE 23 ASIA PACIFIC: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2016–2020 (USD MILLION)
             TABLE 24 ASIA PACIFIC: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 China is one of the major markets for probiotics in Asia Pacific
             10.4.2 JAPAN
                        10.4.2.1 Yakult Japan adopts various innovative strategies to strengthen the probiotic food & cosmetics market in the country
             10.4.3 SOUTH KOREA
                        10.4.3.1 Multinational players’ penetration in the probiotics industry to boost the market growth
             10.4.4 AUSTRALIA & NEW ZEALAND
                        10.4.4.1 Probiotic products are mainly designed for women and children in this region
             10.4.5 REST OF ASIA PACIFIC
     10.5 SOUTH AMERICA
             TABLE 25 SOUTH AMERICA: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2016–2020 (USD MILLION)
             TABLE 26 SOUTH AMERICA: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
             10.5.1 ARGENTINA
                        10.5.1.1 Probiotic yogurt benefits increase its sales in Argentina
             10.5.2 BRAZIL
                        10.5.2.1 Dietary supplement consumption to increase with health awareness
             10.5.3 REST OF SOUTH AMERICA
                        10.5.3.1 Startups to boost the probiotic food & cosmetics market without hampering the taste element in foods
     10.6 REST OF THE WORLD
             TABLE 27 ROW: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2016–2020 (USD MILLION)
             TABLE 28 ROW: PROBIOTIC FOOD & COSMETICS MARKET SIZE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
             10.6.1 MIDDLE EAST
                        10.6.1.1 Use of probiotics for proper functioning of GIT
             10.6.2 AFRICA
                        10.6.2.1 Investments to increase in pharmaceutical companies with intra-African trade

11 COMPETITIVE LANDSCAPE (Page No. - 87)
     11.1 OVERVIEW
     11.2 MARKET SHARE ANALYSIS, 2020
             TABLE 29 PROBIOTIC FOOD AND COSMETICS MARKET: DEGREE OF COMPETITION
     11.3 KEY PLAYER STRATEGIES
     11.4 REVENUE ANALYSIS OF PROBIOTIC FOOD & COSMETICS COMPANIES, 2018-2020
             FIGURE 19 REVENUE ANALYSIS OF PROBIOTIC FOOD & COSMETICS COMPANIES IN THE MARKET, 2018–2020 (USD BILLION)
     11.5 COVID-19-SPECIFIC COMPANY RESPONSES
             11.5.1 ADM
             11.5.2 DUPONT
             11.5.3 KERRY GROUP
             11.5.4 NESTLE
     11.6 COMPANY EVALUATION QUADRANT (FOOD AND BEVERAGES COMPANIES)
             11.6.1 STAR
             11.6.2 PERVASIVE
             11.6.3 EMERGING LEADERS
             11.6.4 PARTICIPANTS
                        FIGURE 20 PROBIOTIC FOOD AND COSMETICS MARKET: COMPANY EVALUATION QUADRANT, 2020 (FOOD AND BEVERAGES COMPANIES)
             11.6.5 PRODUCT FOOTPRINT
                        TABLE 30 COMPANY, BY APPLICATION FOOTPRINT
                        TABLE 31 COMPANY, BY REGIONAL FOOTPRINT
                        TABLE 32 OVERALL COMPANY FOOTPRINT
     11.7 COSMETIC COMPANIES EVALUATION QUADRANT
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 STARTING BLOCKS
             11.7.3 RESPONSIVE COMPANIES
             11.7.4 DYNAMIC COMPANIES
                        FIGURE 21 PROBIOTIC FOOD AND COSMETICS MARKET: COSMETIC COMPANIES EVALUATION QUADRANT, 2020
     11.8 COMPETITIVE SCENARIO AND TRENDS
             11.8.1 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
                        TABLE 33 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS, JUNE 2018–MAY 2021
             11.8.2 DEALS
                        TABLE 34 ACQUISITIONS AND PARTNERSHIPS, JUNE 2018 – MAY 2021
             11.8.3 OTHERS
                        TABLE 35 EXPANSIONS AND INVESTMENTS, JUNE 2019 – JUNE 2021

12 COMPANY PROFILES (Page No. - 101)
     12.1 KEY COMPANIES
(Business overview, Products offered, Recent Developments, MNM view)*
             12.1.1 PROBI AB
                        TABLE 36 PROBI AB: BUSINESS OVERVIEW
                        FIGURE 22 PROBI AB: COMPANY SNAPSHOT
                        TABLE 37 PROBIOTIC FOOD & COSMETICS MARKET: PARTNERSHIP AND AGREEMENT BY PROBI AG
             12.1.2 NESTLE
                        TABLE 38 NESTLE: BUSINESS OVERVIEW
                        FIGURE 23 NESTLE: COMPANY SNAPSHOT
                        TABLE 39 PROBIOTIC FOOD & COSMETICS MARKET: PARTNERSHIP BY NESTLE
             12.1.3 ARCHER DANIELS MIDLAND COMPANY
                        TABLE 40 ADM: BUSINESS OVERVIEW
                        FIGURE 24 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
                        TABLE 41 PROBIOTIC FOOD & COSMETICS MARKET: EXPANSION AND INVESTMENT BY ADM
                        TABLE 42 PROBIOTIC FOOD & COSMETICS MARKET: ACQUISITION
             12.1.4 DANONE
                        TABLE 43 DANONE: BUSINESS OVERVIEW
                        FIGURE 25 DANONE: COMPANY SNAPSHOT
                        TABLE 44 PROBIOTIC FOOD & COSMETICS MARKET: NEW PRODUCT LAUNCHES BY DANONE
                        TABLE 45 PROBIOTIC FOOD & COSMETICS MARKET: EXPANSION BY DANONE
             12.1.5 DUPONT
                        TABLE 46 DUPONT: BUSINESS OVERVIEW
                        FIGURE 26 DUPONT: COMPANY SNAPSHOT
                        TABLE 47 PROBIOTIC FOOD & COSMETICS MARKET: NEW PRODUCT LAUNCHES BY DANISCO
             12.1.6 YAKULT HONSHA
                        TABLE 48 YAKULT HONSHA: BUSINESS OVERVIEW
                        FIGURE 27 YAKULT HONSHA: COMPANY SNAPSHOT
                        TABLE 49 PROBIOTIC FOOD & COSMETICS MARKET: EXPANSION BY YAKULT HONSHA
             12.1.7 GENERAL MILLS
                        TABLE 50 GENERAL MILLS: BUSINESS OVERVIEW
                        FIGURE 28 GENERAL MILLS: COMPANY SNAPSHOT
                        TABLE 51 PROBIOTIC FOOD & COSMETICS MARKET: PARTNERSHIP BY GENERAL MILLS
                        TABLE 52 PROBIOTIC FOOD & COSMETICS MARKET: INVESTMENT BY GENERAL MILLS
             12.1.8 KERRY
                        TABLE 53 KERRY: BUSINESS OVERVIEW
                        FIGURE 29 KERRY: COMPANY SNAPSHOT
                        TABLE 54 PROBIOTIC FOOD & COSMETICS MARKET: ACQUISITION BY KERRY
                        TABLE 55 PROBIOTIC FOOD & COSMETICS MARKET: EXPANSION BY KERRY
             12.1.9 BIOGAIA
                        TABLE 56 BIOGAIA: BUSINESS OVERVIEW
                        FIGURE 30 BIOGAIA: COMPANY SNAPSHOT
                        TABLE 57 PROBIOTIC FOOD & COSMETICS MARKET: NEW PRODUCT LAUNCHES BY BIOGAIA
                        TABLE 58 PROBIOTIC FOOD & COSMETICS MARKET: EXPANSION BY BIOGAIA
                        TABLE 59 PROBIOTIC FOOD & COSMETICS MARKET: AGREEMENT AND PARTNERSHIP BY BIOGAIA
             12.1.10 MORINAGA MILK INDUSTRY CO., LTD.
                        TABLE 60 MORINAGA MILK INDUSTRY CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 31 MORINAGA MILK INDUSTRY CO., LTD.: COMPANY SNAPSHOT
                        TABLE 61 PROBIOTIC FOOD & COSMETICS MARKET: NEW PRODUCT LAUNCHES BY MORINAGA
                        TABLE 62 PROBIOTIC FOOD & COSMETICS MARKET: EXPANSION BY MORINAGA
             12.1.11 GLOWBIOTICS LLC
                        TABLE 63 GLOWBIOTICS LLC: COMPANY OVERVIEW
             12.1.12 EMINENCE ORGANIC SKIN CARE
                        TABLE 64 EMINENCE ORGANIC SKIN CARE: COMPANY OVERVIEW
             12.1.13 ESSE SKIN CARE
                        TABLE 65 ESSE SKIN CARE: COMPANY OVERVIEW
             12.1.14 L'ORÉAL
                        TABLE 66 L'ORÉAL: COMPANY OVERVIEW
             12.1.15 ESTÉE LAUDER
                        TABLE 67 ESTÉE LAUDER: COMPANY OVERVIEW
             12.1.16 TULA SKINCARE
                        TABLE 68 TULA SKINCARE: COMPANY OVERVIEW
             12.1.17 AURELIA LONDON
                        TABLE 69 AURELIA LONDON: COMPANY OVERVIEW
             12.1.18 LAFLORE PROBIOTIC SKINCARE
                        TABLE 70 LAFLORE PROBIOTIC SKINCARE: COMPANY OVERVIEW
             12.1.19 GALLINÉE MICROBIOME SKINCARE
                        TABLE 71 GALLINÉE MICROBIOME SKINCARE: COMPANY OVERVIEW
             12.1.20 BIOMILK SKINCARE
                        TABLE 72 BIOMILK SKINCARE: COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 ADJACENT AND RELATED MARKETS (Page No. - 145)
     13.1 INTRODUCTION
             TABLE 73 ADJACENT MARKETS TO PROBIOTICS
     13.2 LIMITATIONS
     13.3 NUTRACEUTICAL INGREDIENTS MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
                        TABLE 74 NUTRACEUTICAL INGREDIENTS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                        TABLE 75 NUTRACEUTICAL INGREDIENTS MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
     13.4 PREBIOTIC INGREDIENTS MARKET
             13.4.1 MARKET DEFINITION
             13.4.2 MARKET OVERVIEW
                       TABLE 76 PREBIOTIC INGREDIENTS MARKET SIZE, BY TYPE, 2015–2023 (USD MILLION)

14 APPENDIX (Page No. - 149)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for probiotics food & cosmetics market. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources, such as the Food and Drug Administration (FDA), European Food Safety Authority (EFSA), Food Standards Australia and New Zealand (FSANZ), and academic references pertaining to probiotics were referred to identify and collect information for this study. The secondary sources also include clinical studies and medical journals, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Secondary research was conducted to obtain critical information related to the industry’s supply chain, the total pool of key players, and market classification & segmentation, according to the industry trends to the bottom-most level and geographical markets. It was also used to obtain information related to the key developments from a market-oriented perspective.

Primary Research

The market comprises several stakeholders in the supply chain, including technology suppliers, probiotics manufacturers, and end-use companies. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the supply side include probiotic manufacturers. The primary sources from the demand side include distributors, importers, exporters, and end-use sectors.

After the complete market engineering (which included calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and to verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, key players, competitive landscape of probiotics supplied by different types of market players, and key market dynamics such as drivers, restraints, opportunities, industry trends, and key player strategies.

Probiotics Food & Cosmetics Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the probiotics food & cosmetics 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.
  • 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 the 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.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources
  • 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 the demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market for probiotics food & cosmetics on the basis of distribution channel, ingredients, product type, 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 food & cosmetics market

Target Audience

  • Manufacturers, importers and exporters, traders, distributors, and suppliers of probiotics
  • Nutraceutical manufacturers
  • Food processors and manufacturers
  • Government and research organizations
  • Trade associations and industry bodies
  • Regulatory bodies and associations such as:
  • Food Agriculture Organization (FAO)
  • World Health Organization (WHO)
  • International Dairy Federation (IDF)
  • European Food & Feed Cultures Association (EFFCA)
  • National Yogurt Association (NYA)
  • International Scientific Association for Probiotics and Prebiotics (ISAPP)
  • International Probiotics Association (IPA)
  • Council for Responsible Nutrition (CRN)
  • National Yogurt Association (NYA)
  • International Frozen Yogurt Association (IFYA)
  • American Nutrition Association (ANA)

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 market for probiotics food & cosmetics into the UK, and Greece
  • Further breakdown of the Rest of Asia Pacific market for probiotics food & cosmetics into South Korea, Thailand, and Indonesia
  • Further breakdown of the Rest of South America market for probiotics food & cosmetics into Chile, Peru, and Ecuador
  • Further breakdown of other countries in the RoW market for probiotics food & cosmetics into Egypt, Israel, and Turkey

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Report Code
FB 8022
Published ON
Dec, 2021
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