Probiotics Market

Report Code FB 2269
Published in Mar, 2024, By MarketsandMarkets™
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Probiotics Market Size, Share, Analysis, & Growth Trends Report by Product Type (Functional Food & Beverages (FnB), Dietary Supplements, and Feed), Ingredient (Bacteria and Yeast), End User (Human and Animal), Distribution Channel and Region - Global Forecast to 2029

Overview

Global probiotics market size is projected to grow from US$ 71.2 billion in 2024 to US$ 105.7 billion by 2029, with a CAGR of 8.2%.This growth is driven by a combination of key factors. Rising consumer awareness of gut health's link to overall well-being and a growing preference for preventive healthcare are key drivers. Additionally, innovation in delivery methods and targeted strains promises exciting future growth. The expanding business has offered lucrative business opportunities to the players who are operating in the market segments. For instance, in October 2023, Probi (Sweden) unveiled synbiotic solutions in collaboration with Clasado (UK) at Supply Side West. Launching Bimuno GOS with Probi Defendum and Probi Digestis , these innovations signify a strategic leap into the burgeoning synbiotics sector. This milestone underscores Probi's commitment to evidence-based advancements in digestive and immune health. Other major players, such as ADM (US), expand its international distribution partnership with Nutramax, bolstering their presence in the probiotics market. ADM Protexin now oversees Nutramax brands in Europe and select Asia Pacific markets, aiming for further global expansion. This strategic move enhances access to Nutramax's renowned pet health solutions. The deal underscores ADM's commitment to quality and animal welfare. The overall probiotics market is classified as a fragmented market, with the Major players, namely Nestlé (Switzerland), ADM (US), International Flavors & Fragrances Inc. (US), Yakult Honsha Co., Ltd. (Japan), Meiji Holdings Co., Ltd. (Japan) occupying 12-24% of the market share.

Attractive Opportunities in the Probiotics Market

Asia Pacific

The Asia Pacific region, with its rising disposable income and growing health awareness, presents a significant market for probiotic expansion. Companies can capitalize on this opportunity by developing culturally relevant products and distribution strategies.

Beyond capsules and yogurt, a wave of innovative delivery methods is emerging. Chewable tablets for ease of use, controlled-release capsules for targeted benefits, and even probiotic-infused functional foods offer exciting avenues for market expansion.

The European Probiotics market is expected to be worth USD 19.4 billion by 2029, growing at a CAGR of 5.3% during the forecast period.

The pet wellness industry is booming. Develop pet-specific probiotic formulas to address digestive issues, skin allergies, or even separation anxiety in animals. Partner with veterinarians for product endorsement.

Mental health awareness is rising. Research the potential of psychobiotic strains that target the gut-brain connection and promote emotional well-being. Partner with mental health professionals to reach a new customer base.

Global Probiotics Market Dynamics

Drivers: Health benefits associated with probiotic-fortified foods

Health awareness among consumers is on the rise, wherein most consumers are constantly in search of healthy food products for daily consumption. Probiotics have provided strong health benefits, more specifically to the human digestive system. In Europe, the dairy sector is the most developed segment of the market. Probiotic yogurts and fermented milk that are sold in a convenient “daily dose and small pack” format are the most widely used. Consumer acceptance of probiotic-containing products varies greatly across Europe. For instance, in August 2021, Müller launched its first stand-alone yogurt brand in the UK called Gut Glory. The new range will be available in pack sizes of 450g and 125g packs. In addition to this, the Food and Agriculture Organization of the United Nations (FAO) has concluded the solid demand for dairy products, such as cheese and yogurts, globally. International trade in cheese products reached 2.8 million tons in 2020, sustaining the expansion for a fifth consecutive year by 4.1%, underpinned by the continued solid import demand by several countries, especially the Russian Federation, Iraq, China, and the Republic of Korea.

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

Substantial investments in research and development (R&D), alongside expenditures on laboratories, research equipment, and the hiring of skilled professionals, present formidable barriers to entry in the probiotics market. Scientific validation of probiotic applications has proven crucial for market success, with their association with health benefits posing challenges for manufacturers seeking a return on investment (RoI) given the high initial capital outlay. Leading companies such as , Probi (Sweden), Nestlé (Switzerland), ADM (US), Danone (France), and Yakult Honsha (Japan) have prioritized bolstering their R&D capabilities to secure a competitive edge, thereby erecting barriers for potential market entrants.The development and production of probiotic strains and products adhere to international food regulations, contributing to high production costs and subsequently elevated final product prices. Marketing and distribution of probiotic products further inflate costs, as they necessitate distinct packaging and distribution channels compared to conventional products. Despite consumer awareness of the health advantages associated with probiotics, their premium pricing presents a hurdle to widespread adoption, posing a significant challenge for manufacturers.

 

Opportunities: Replacement of pharmaceutical agents by probiotics

The rising demand for probiotics underscores consumers' preference for products with established health benefits. As evidence of probiotics' positive impact on health continues to accumulate, consumer expectations regarding these products have grown. This trend towards seeking safe, natural, and cost-effective alternatives to pharmaceuticals has prompted the exploration of probiotics' potential as pharmaceutical agents. The efficacy of probiotics in this context appears to depend on the specific strain and dosage used. Clinical trials have demonstrated that probiotics have the potential to treat various human disorders, particularly those affecting the gastrointestinal (GI) tract. Incorporating probiotic-rich fermented dairy products into diets has shown promise in addressing specific clinical conditions, including antibiotic-associated diarrhea, rotavirus-associated diarrhea, inflammatory bowel disease, irritable bowel syndrome (IBS), allergic diseases, cancer, Helicobacter pylori infection, and lactose intolerance.As per the research paper published by National Center for Biotechnology Information, probiotics have demonstrated high potential to treat and prevent various diseases such as neurodegenerative disorders, cancers, cardiovascular diseases, and inflammatory diseases. In addition, probiotics are also effective against multidrug-resistant pathogens and help maintain a balanced gut microbiota ecosystem.

Challenges: Complexities in integrating probiotics in functional foods

The process of developing and commercializing functional food products involves complexity, cost, and uncertainty. Success in this field depends on various factors including consumer demand, technological advancements, and regulatory frameworks. Additionally, consumer awareness of the health benefits associated with specific ingredients influences the acceptance of functional foods. While traditional functional ingredients like minerals, fiber, and vitamins remain popular, there is growing interest in novel products enriched with probiotics, prebiotics, flavonoids, carotenoids, and conjugated linolenic acidThe researcher has to work in-depth to overcome all the challenges related to the selection and development of the strain and related production processes. Probiotic strains are prone to changes in pH and temperature. The strains must sustain while integrating with functional foodstuffs. The basic requirement for probiotics is that products should contain sufficient numbers of microorganisms up to the expiry date. Hence, probiotics must contain specific strains and maintain certain numbers of live cells to produce health benefits in the host. Different countries have decided on the minimum number of viable cells required in the probiotic product for it to be beneficial. The preservation of these probiotic microorganisms presents a challenge as they are affected by exposure to temperature, oxygen, and light.

Global Probiotics Market Ecosystem Analysis

The market mapping of the ecosystem is categorized into demand-side and supply-side companies. The supply-side analysis in the probiotics industry covers probiotic product manufacturers, regulatory bodies, startups, and wholesalers & distributors. The companies involved in probiotic product manufacturing have witnessed high investment in R&D and have also formed collaborations with different research agencies to make new innovations in this field. The major probiotic product suppliers include Probi (Sweden), Nestlé (Switzerland), ADM (US), Danone (France), International Flavors & Fragrances Inc. (US), Yakult Honsha Co., Ltd. (Japan), BioGaia (Sweden), General Mills Inc. (US), Chr. Hansen Holding A/S (Denmark), and MORINAGA MILK INDUSTRY CO., LTD. (Japan). The demand side analysis covers the companies, retailers, and wholesalers of probiotic products. These players procure products that are in demand by the consumers from the manufacturers. These include food & beverage, pharma, and feed retailers and wholesalers. The demand side also covers supermarkets and hypermarkets, which provide probiotic products for end consumption

 

By Product type, the Functional Food & beverages segment accounts for the highest market share Probiotics market during the forecast period.

Consumer demand for convenient and proactive wellness solutions has propelled the popularity of probiotic-fortified products like yogurts, kefir, kombucha, and fortified beverages, which offer an easy and enjoyable way to incorporate probiotics into daily routines. These products align well with the rising trend of preventive healthcare, catering to consumers seeking to maintain their health and well-being proactively. The segment benefits from continuous innovation and diversification, with manufacturers introducing a wide range of new probiotic-infused products to meet diverse taste preferences and dietary needs. This includes offerings such as probiotic-infused waters, shots, snack bars, and chocolates, catering to various consumer demographics and lifestyle choices, including vegan and lactose-free diets. As consumers increasingly seek personalized solutions for their health concerns, the segment is poised to further expand through tailored probiotic formulations designed to address specific digestive issues or mental health concerns, emphasizing the importance of personalization in driving market growth

By Distribution channel, the Hypermarkets/ Supermarkets segment accounts for a significant market share in the Probiotics market.

Hypermarkets, comprising expansive supermarkets and warehouse clubs, stand as pivotal hubs for probiotic distribution, capitalizing on their extensive reach and accessibility. With a sprawling network of stores, hypermarkets offer unparalleled convenience to a broad spectrum of consumers, ensuring easy access to probiotic products. This accessibility is especially important for those who prioritize convenience and don't often visit specialty stores. Moreover, hypermarkets provide a comprehensive shopping experience by curating a diverse selection of groceries, including a dedicated health and wellness section where probiotics are prominently featured. This one-stop shopping approach streamlines the purchasing process for consumers, allowing them to fulfill their dietary needs alongside other household essentials. The abundant product variety available at hypermarkets, spanning different brands, formulations, and price points, further caters to diverse consumer preferences, enriching the shopping experience.

By Ingredient, the bacteria segment accounts for a significant market share in the Probiotics market.

Bacteria have a well-established reputation and extensive scientific backing supporting their efficacy in promoting gut health, a fundamental application of probiotics. Bacterial strains offer a broader spectrum of diversity compared to alternative probiotic types like yeast, enabling the development of targeted formulations tailored to address specific health needs. Recent innovations, such as psychobiotic strains targeting mental well-being and spore-forming bacteria with improved shelf life and delivery properties, underscore the versatility and applicability of bacterial probiotics. The established and cost-effective manufacturing processes associated with bacteria contribute to greater affordability and broader consumer accessibility, further consolidating the bacteria segment's market dominance during the forecasted period.

By End User, the Human segment accounts for a significant market share in the Probiotics market.

This segment benefits from a multifaceted approach that encompasses growing awareness of gut health among the public, underscored by a 2022 IFIC survey revealing that 24% of respondents prioritize digestive health in their overall well-being. Additionally, with 32% of respondents actively seeking out probiotics and 60% of those consumers integrating them into their daily routine, there is a palpable demand for probiotic products tailored to human health needs, including digestive support, immune enhancement, and mental well-being. Furthermore, the human probiotics market thrives on a continuous stream of product innovation, evidenced by the emergence of personalized formulations targeting specific health concerns and innovative delivery methods such as chewable tablets. This innovative spirit extends to exploring psychobiotic strains for mental health benefits, highlighting the dynamic nature of the market.

Asia Pacific Region Holds the Largest Share of the Probiotics Market.

Asia Pacific Region Holds the Largest Share of the Probiotics Market. add content -An increased awareness of the gut microbiome and its profound impact on digestion, immunity, and mental health among the public. This heightened awareness is prompting individuals to explore probiotic supplements and foods fortified with probiotics as a means to support overall well-being. Additionally, the region's rapidly aging population, particularly in countries like South Korea, is driving the adoption of probiotics, as they are increasingly recognized for their potential benefits for gut health and immune function in older adults. Innovation, such as the development of personalized probiotic strains tailored to individual health needs, and exploration into probiotics for skin health and mental well-being, is expected to further amplify market potential in the region. In December 2020 government initiatives, such as India's promotion of nutraceuticals through policies such as the AYUSH policy, are also fostering market growth. With these factors at play, the Asia Pacific region is poised to experience the highest CAGR in the probiotics market during the forecast period.

HIGHEST CAGR (2024–2029)
Australia & New Zealand FASTEST-GROWING MARKET IN THE REGION
Probiotics Market by region

Recent Developments of Probiotics Market industry

  • In February 2024, AB Biotics SA (Netherlands) expands its presence in Asia, partnering with Wonderlab for their globally marketed product, AB-LIFE . The collaboration introduces Shape100 , a probiotic blend focusing on cardiometabolic health, to the Chinese market. This strategic move aims to address cholesterol-related concerns through evidence-based solutions.
  • In November 2023, Nestlé (Switzerland) launched N3 milk, a breakthrough in nutritional innovation. Incorporating prebiotic fibers and reduced lactose, it enriches gut health and boasts over 15% fewer calories. Tailored for diverse dietary needs, N3 supports bone health, muscle growth, and immunity.

Key Market Players

KEY PLAYERS IN THE Probiotics Market INCLUDE

  • Probi (Sweden)
  • Nestlé (Switzerland)
  • ADM (US)
  • Danone (France)
  • International Flavors & Fragrances Inc. (US)
  • Yakult Honsha Co., Ltd. (Japan)
  •  BioGaia (Sweden)
  •  MORINAGA MILK INDUSTRY CO., LTD. (Japan)
  •  Meiji Holdings Co., Ltd. (Japan)
  •  Lifeway Foods, Inc. (US)
  •  Adisseo (France)
  •  Winclove Probiotics (US)
  •  AB-Biotics, S.A. (Belgium)
  •  Apsen Farmacêutica (Brazil)
  • Lallemand (Canada)

Want to explore hidden markets that can drive new revenue in Probiotics Market?

Scope of the Report

Report Attribute Details
Market size estimation 2024–2029
Base year considered 2023
Forecast period considered 2024–2029
Units considered Value (USD), Volume (KT)
Segments Covered Product type, ingredient, distribution channel, end user, and region.
Regions covered North America, Europe, Asia Pacific, South America, and Rest of the World
Companies studied Probi (Sweden)

 

Key Questions Addressed by the Report

What are the key product types considered in the study for Probiotics, and which segments within Asia Pacific’s Functional Food & Beverages product type are projected to experience promising growth?
The study focuses on three major product types: Functional Food & Beverages, Dietary Supplements and Feed. Within Asia Pacific’s Functional Food & Beverages product type, the subsegment of Dairy Products emerges as the dominant category, showcasing promising growth potential in the projected market trends.
Is there customizable information available specific to the North America Feed market within the Probiotics study, and if so, what details are provided?
Yes, Certainly, customization options are available for the North America Feed market across different segments, encompassing market size, dynamics, forecasts, competitive landscape, and company profiles. Exclusive insights will be offered for the specified North America countries below:
  • US
  • Canada
  • Mexico
Could you highlight the opportunities identified in the study that are expected to fuel the future growth of the Probiotics market?
The global Probiotics market is characterized by the following opportunities:
Personalized Probiotics: The study likely identified a growing opportunity in personalized probiotic solutions. This could involve targeted strains for specific health concerns, genetic testing to determine optimal strains, or even custom formulations based on individual needs.
Delivery System Innovation: New and innovative delivery methods present a significant opportunity. The study might highlight the potential of chewable tablets for increased convenience,
controlled-release capsules for targeted delivery, or even the exploration of incorporating probiotics into functional foods beyond yogurt.
Among the regions studied, which one is anticipated to exhibit the CAGR for the Probiotics market?
Asia Pacific is anticipated to exhibit the highest CAGR for the Probiotics market at 9.6%. This surge is fueled by factors like rising disposable income, increasing awareness of gut health benefits, and a growing population with a focus on preventive healthcare. This trend positions Asia Pacific as a lucrative market for future probiotic product development and expansion.
What is the market trend for probiotics?
The utilities segment is expected to be the second largest growing market during the forecast period due to CHPs offer utilities a cost-effective means of supplying both electric and thermal energy, boasting efficiencies reaching up to 80%. This contrasts starkly with the lower efficiency ratings of non-CHP thermal plants, typically ranging from 25-30%.
How big is the probiotics market?
The global probiotics market size was valued at approximately 71.2 billion USD in 2024 and is expected to grow at a CAGR of 8.2% from 2024 to 2029.
why are probiotics so popular now?
Probiotics have gained popularity due to increased awareness of gut health and the role of the microbiome in overall well-being, supported by research linking gut health to immunity and mental health.
what is the probiotic industry?
The probiotic industry includes the production and sale of probiotics in animal feed, supplements, functional foods, and beverages designed to support gut health by promoting a healthy balance of gut bacteria.
what is the market outlook for probiotics?
The probiotics market is expected to grow at a CAGR of 8.2%, driven by increasing consumer awareness, advancements in probiotic products, and expanding applications in food and beverages.
What will happen with probiotics in future?
Probiotics will see continued innovation, with next-generation probiotics offering targeted solutions for specific health conditions and personalized probiotic products becoming more common.
Who is the target market for probiotics?
The target market includes health-conscious consumers, particularly those interested in digestive health, immunity, and mental well-being. It spans all age groups, including children, adults, and the elderly.
Does the FDA regulate probiotics?
Yes, the FDA regulates probiotics, but they are categorized as dietary supplements or food additives, and the regulation focuses on safety rather than efficacy.
Are probiotics a trend?
Probiotics started as a trend but have evolved into a long-term health category as research continues to support their benefits, making them a staple in wellness routines.
What is the probiotic market forecast?
The probiotic market is projected to grow at a CAGR of 8.2% over the next few years, driven by demand for animal feed, functional foods, beverages, and supplements.
What is the price prediction for Flora growth?
Price predictions for Flora Growth are speculative, but the company focuses on leveraging natural ingredients like probiotics, which could drive demand and price growth in the wellness sector.
What is the trend in probiotics drinks?
Probiotic drinks are trending toward convenient, grab-and-go options with added functional benefits like immunity and energy support, with kombucha and yogurt-based drinks being especially popular.
What are next generation probiotics?
Next-generation probiotics refer to engineered strains of bacteria designed to provide more targeted health benefits, such as managing obesity, mental health, or specific gastrointestinal disorders.
What are next generation probiotics FDA?

Next-generation probiotics (NGPs) are advanced strains of beneficial bacteria developed using synthetic biology to target specific health issues. They are used in pharmaceuticals, foods, and supplements. NGPs, like Christensenella minuta (for obesity) and Clostridium butyricum (for colon health and anticancer activity), show potential in fields such as drug administration, vaccine delivery, psychobiotics, and cancer prevention. The FDA has not yet established specific guidelines for next-generation probiotics, but they are likely to be regulated as biologics or drugs if they make therapeutic claims.

Other fields in which NGPs are being evaluated include:

  • Drug administration
  • Vaccine delivery
  • Immunomodulation
  • Psychobiotics
  • Cancer treatment and prevention
  • Stress tolerance
  • Production of antimicrobial compounds

Some companies that are involved in the next-generation probiotics market include:

  • Pendulum
  • Amsterdam Winclove Probiotics
  • Metabogen AB (Biogaia)
  • Exeliom Biosciences
  • TargEDys
  • Chr. Hansen Holding A/S
  • YSOPIA Bioscience
  • A-Mansia Biotech
  • Evolve Biosystems
  • DuPont de Nemours, Inc.

 

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
28
RESEARCH METHODOLOGY
35
EXECUTIVE SUMMARY
49
PREMIUM INSIGHTS
54
MARKET OVERVIEW
58
  • 5.1 INTRODUCTION
  • 5.2 MACROECONOMIC INDICATORS
    INCREASE IN RETAIL SALES
    GROWTH OPPORTUNITIES IN DEVELOPING REGIONS SUCH AS ASIA PACIFIC AND SOUTH AMERICA
  • 5.3 MARKET DYNAMICS
    DRIVERS
    - Rise in awareness on health benefits associated with probiotic-fortified foods
    - Participation of international bodies in R&D of probiotic products
    - Technological advancements in probiotic products
    RESTRAINTS
    - High R&D costs for developing new probiotic strains
    - Instances of allergic reactions to some probiotic supplements
    - Stress factors affecting probiotic efficacy
    OPPORTUNITIES
    - Ban on use of Antibiotic Growth Promoters (AGPs) in feed in EU
    - Replacement of pharmaceutical agents by probiotics
    - Use of yeast probiotics as antibiotics or growth promoters
    CHALLENGES
    - Complexities in integrating probiotics in functional foods
    - Intolerance of probiotics to stomach acid and bile
INDUSTRY TRENDS
66
  • 6.1 INTRODUCTION
  • 6.2 VALUE CHAIN ANALYSIS
    RESEARCH & PRODUCT DEVELOPMENT
    SOURCING
    PRODUCTION & PROCESSING
    PACKAGING & STORAGE
    DISTRIBUTION, SALES, AND MARKETING
  • 6.3 SUPPLY CHAIN ANALYSIS
  • 6.4 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Multi-layer embedding
    - Microencapsulated powder for probiotication in food products
    COMPLEMENTARY TECHNOLOGY
    - Probiotics and artificial intelligence
  • 6.5 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY FUNCTIONAL FOOD & BEVERAGES
    AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE
  • 6.6 ECOSYSTEM ANALYSIS/MARKET MAP
    SUPPLY-SIDE ANALYSIS
    DEMAND SIDE ANALYSIS
  • 6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 6.8 TRADE DATA ANALYSIS
  • 6.9 PATENT ANALYSIS
  • 6.10 KEY CONFERENCES & EVENTS
  • 6.11 REGULATORY LANDSCAPE
    PERTINENT REGULATORY FACTORS
    - North america
    - Europe
    - Asia pacific
    - South america
    - Row
    REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS
  • 6.12 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 6.13 CASE STUDIES
    ADM: PROMOTED METABOLIC HEALTH WITH BIFIDOBACTERIUM ANIMALIS SUBSP. LACTIS CECT 8145 BPL1
    MAGNITUDE BIOSCIENCES AND AB BIOTEK HNH: PROBIOTIC DEVELOPMENT WITH ETHICAL AND HIGH-THROUGHPUT TESTING
  • 6.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 6.15 INVESTMENT AND FUNDING SCENARIO
PROBIOTICS MARKET, BY PRODUCT TYPE
94
  • 7.1 INTRODUCTION
  • 7.2 FUNCTIONAL FOOD & BEVERAGES
    DAIRY PRODUCTS
    - Popularity of dairy products and high compatibility with probiotics
    NONDAIRY BEVERAGES
    - Need to cater to increasing lactose-intolerant consumers
    INFANT FORMULA
    - Rise in consumption of fortified infant nutrition
    CEREALS
    - Rise in demand for ready-to-eat food items with changing consumer lifestyles
    OTHER FUNCTIONAL FOOD & BEVERAGES
  • 7.3 DIETARY SUPPLEMENTS
    TABLETS
    - High shelf-life, affordability, and wide range of dosage patterns
    CAPSULES
    - Rapid absorption of nutrients and highly customizable
    POWDERS
    - Easy release of active ingredients and high stability
    LIQUIDS
    - Easy consumption, greater homogeneity, and high absorption in bloodstreams
    SOFT GELS
    - Relatively low cost and improved bioavailability
    GEL CAPS
    - Pure-protein, benign oral dosage form
  • 7.4 FEED
    RISE IN TREND FOR PROVIDING PETS WITH HIGH-QUALITY AND HEALTHY WET AND DRY MEALS
PROBIOTICS MARKET, BY INGREDIENT
111
  • 8.1 INTRODUCTION
  • 8.2 BACTERIA
    LACTOBACILLI
    - Lactobacillus acidophilus
    - Lactobacillus rhamnosus
    - Lactobacillus casei
    - Lactobacillus reuteri
    BIFIDOBACTERIUM
    - Benefits against chronic ailments, especially in infant gut health
    STREPTOCOCCUS THERMOPHILUS
    - Growing application of Streptococcus thermophilus in food and feed industries
  • 8.3 YEAST
    SACCHAROMYCES BOULARDII
    - GI stress-resistance key in maintaining gut flora balance
    OTHER YEASTS
PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL
125
  • 9.1 INTRODUCTION
  • 9.2 HYPERMARKETS/SUPERMARKETS
    EXPANSION OF SUPERMARKETS IN ASIA PACIFIC
  • 9.3 PHARMACIES/DRUGSTORES
    RISE IN AWARENESS FOR PROBIOTIC SUPPLEMENTS IN DEVELOPED COUNTRIES TO POPULARIZE PHARMACIES
  • 9.4 SPECIALTY STORES
    PROBIOTIC SALES FUELED BY PROPER STORAGE AND TRANSPARENT LABELING
  • 9.5 ONLINE
    ONLINE SALES SURGE DUE TO CONVENIENCE, HEALTH FOCUS, AND STRONG BRAND LOYALTY AMONG CONSUMERS
  • 9.6 CONVENIENCE STORES/SMALL RETAIL FORMATS
    EASY ACCESS FOR CONSUMERS ENCOURAGING PURCHASE
PROBIOTICS MARKET, BY END USER
133
  • 10.1 INTRODUCTION
  • 10.2 HUMAN
    RISING TREND OF CONSUMING FUNCTIONAL FOODS DUE TO HEALTH CONSCIOUSNESS
  • 10.3 ANIMAL
    BAN ON SYNTHETIC ANTIBIOTICS TO BOOST MARKET IN FEED
PROBIOTICS MARKET, BY REGION
140
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICA: RECESSION IMPACT ANALYSIS
    US
    - Rise in digestive health awareness
    CANADA
    - Demand for high-quality and innovative feed products to accelerate probiotics production and consumption
    MEXICO
    - Consumer inclination toward healthy diets
  • 11.3 EUROPE
    EUROPE: RECESSION IMPACT ANALYSIS
    RUSSIA
    - Highly regulated probiotic landscape
    UK
    - Shift toward natural foods that support digestive health
    ITALY
    - Preference for cheese and awareness about health benefits of probiotics
    GERMANY
    - Preference for probiotic yogurts and yogurt drinks and opportunity for use in poultry feed
    SPAIN
    - Growing interest in health and wellness products among consumers to spur investment by companies
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT ANALYSIS
    CHINA
    - Strategic moves by players to tap high sales potential of probiotics
    JAPAN
    - Focus on digestive well-being of aging population
    INDIA
    - Increased focus on women’s nutrition and post-COVID-19 consumer preference for functional food
    AUSTRALIA & NEW ZEALAND
    - Aging population and consumer awareness to drive clinical trials and retail sales
    REST OF ASIA PACIFIC
  • 11.5 SOUTH AMERICA
    SOUTH AMERICA: RECESSION IMPACT ANALYSIS
    BRAZIL
    - Rise in health awareness and meat exports to EU
    ARGENTINA
    - Increase in industrialization of meat processing and dairy productivity
    REST OF SOUTH AMERICA
  • 11.6 REST OF THE WORLD (ROW)
    ROW: RECESSION IMPACT ANALYSIS
    MIDDLE EAST
    - Demand for quality feed, high consumption of feed, and demand for yogurt
    AFRICA
    - Investments in pharmaceutical companies to increase with intra-African trade
COMPETITIVE LANDSCAPE
196
  • 12.1 OVERVIEW
  • 12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
  • 12.3 REVENUE ANALYSIS
  • 12.4 MARKET SHARE ANALYSIS
  • 12.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.6 BRAND/PRODUCT COMPARISON
    DIVERSE PROBIOTIC SOLUTIONS FUELING MARKET GROWTH
    - Nestlé Cerelac
    - Danone’s Activia
    - Yakult
    - LG21 by Meiji Holding Inc.
    - HOWARU by IFF Health
  • 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Product type footprint
    - End user footprint
    - Region footprint
  • 12.8 COMPANY EVALUATION MATRIX: STARTUP/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES
    - Detailed list of key startup/smes
    - Competitive benchmarking of key startup/SMEs
  • 12.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
233
  • 13.1 KEY PLAYERS
    PROBI
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    NESTLÉ
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    ADM
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    DANONE
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    INTERNATIONAL FLAVORS & FRAGRANCES INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    YAKULT HONSHA CO., LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    BIOGAIA
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    MORINAGA MILK INDUSTRY CO., LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    MEIJI HOLDINGS CO., LTD.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    LIFEWAY FOODS, INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    ADISSEO
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    WINCLOVE PROBIOTICS
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    AB-BIOTICS, S.A.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    APSEN FARMACÊUTICA
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    LALLEMAND
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
  • 13.2 STARTUP/SME PLAYERS
    ELANCO
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    NEXTFOODS, INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    I-HEALTH, INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    SUJA LIFE, LLC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    RENEW LIFE FORMULAS, LLC
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    BIOHM HEALTH
    SUN GENOMICS
    UNIQUE BIOTECH LTD
    SO GOOD SO YOU
    PROTOCOL FOR LIFE BALANCE
ADJACENT AND RELATED MARKETS
333
  • 14.1 INTRODUCTION
  • 14.2 RESEARCH LIMITATIONS
  • 14.3 DIETARY SUPPLEMENT MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 14.4 BONE & JOINT HEALTH SUPPLEMENTS MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
APPENDIX
337
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
  • TABLE 2 PROBIOTICS MARKET SNAPSHOT, 2024 VS. 2029
  • TABLE 3 PROBIOTICS MARKET: SUPPLY CHAIN (ECOSYSTEM)
  • TABLE 4 EXPORT SCENARIO FOR HS CODE 300290, BY COUNTRY, 2021–2023 (KG)
  • TABLE 5 IMPORT SCENARIO FOR HS CODE 300290, BY COUNTRY, 2021–2023 (KG)
  • TABLE 6 KEY PATENTS IN PROBIOTICS MARKET, 2023–2024
  • TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 PROBIOTICS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE PRODUCT TYPES
  • TABLE 13 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS, BY PRODUCT TYPE
  • TABLE 14 PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 15 PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 16 PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (KT)
  • TABLE 17 PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (KT)
  • TABLE 18 PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 19 PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 20 PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY REGION, 2020–2023 (KT)
  • TABLE 21 PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY REGION, 2024–2029 (KT)
  • TABLE 22 PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 23 PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 24 PROBIOTICS MARKET IN DIETARY SUPPLEMENTS, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 25 PROBIOTICS MARKET IN DIETARY SUPPLEMENTS, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 26 PROBIOTICS MARKET IN DIETARY SUPPLEMENTS, BY REGION, 2020–2023 (KT)
  • TABLE 27 PROBIOTICS MARKET IN DIETARY SUPPLEMENTS, BY REGION, 2024–2029 (KT)
  • TABLE 28 PROBIOTICS MARKET IN DIETARY SUPPLEMENTS, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 29 PROBIOTICS MARKET IN DIETARY SUPPLEMENTS, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 30 PROBIOTICS MARKET IN FEED, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 31 PROBIOTICS MARKET IN FEED, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 32 PROBIOTICS MARKET IN FEED, BY REGION, 2020–2023 (KT)
  • TABLE 33 PROBIOTICS MARKET IN FEED, BY REGION, 2024–2029 (KT)
  • TABLE 34 DIVERSITY OF PROBIOTICS
  • TABLE 35 HEALTH BENEFITS OF PROBIOTIC MICROORGANISMS
  • TABLE 36 PROBIOTICS MARKET, BY INGREDIENT, 2020–2023 (USD BILLION)
  • TABLE 37 PROBIOTICS MARKET, BY INGREDIENT, 2024–2029 (USD BILLION)
  • TABLE 38 BACTERIAL PROBIOTICS MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 39 BACTERIAL PROBIOTICS MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 40 BACTERIAL PROBIOTICS MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 41 BACTERIAL PROBIOTICS MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 42 YEAST-BASED PROBIOTICS MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 43 YEAST-BASED PROBIOTICS MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 44 YEAST-BASED PROBIOTICS MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 45 YEAST-BASED PROBIOTICS MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 46 BENEFICIAL EFFECTS OF YEAST
  • TABLE 47 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 48 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 49 PROBIOTICS MARKET IN HYPERMARKETS/SUPERMARKETS, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 50 PROBIOTICS MARKET IN HYPERMARKETS/SUPERMARKETS, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 51 PROBIOTICS MARKET IN PHARMACIES/DRUGSTORES, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 52 PROBIOTICS MARKET IN PHARMACIES/DRUGSTORES, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 53 PROBIOTICS MARKET IN SPECIALTY STORES, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 54 PROBIOTICS MARKET IN SPECIALTY STORES, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 55 PROBIOTICS MARKET IN ONLINE CHANNELS, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 56 PROBIOTICS MARKET IN ONLINE CHANNELS, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 57 PROBIOTICS MARKET IN CONVENIENCE STORES/SMALL RETAIL FORMATS, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 58 PROBIOTICS MARKET IN CONVENIENCE STORES/SMALL RETAIL FORMATS, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 59 PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION)
  • TABLE 60 PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION)
  • TABLE 61 PROBIOTICS MARKET FOR HUMAN USE, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 62 PROBIOTICS MARKET FOR HUMAN USE, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 63 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED
  • TABLE 64 PROBIOTICS MARKET FOR ANIMAL USE, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 65 PROBIOTICS MARKET FOR ANIMAL USE, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 66 PROBIOTICS MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 67 PROBIOTICS MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 68 PROBIOTICS MARKET, BY REGION, 2020–2023 (KT)
  • TABLE 69 PROBIOTICS MARKET, BY REGION, 2024–2029 (KT)
  • TABLE 70 NORTH AMERICA: PROBIOTICS MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 71 NORTH AMERICA: PROBIOTICS MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 72 NORTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 73 NORTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 74 NORTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (KT)
  • TABLE 75 NORTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (KT)
  • TABLE 76 NORTH AMERICA: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 77 NORTH AMERICA: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 78 NORTH AMERICA: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 79 NORTH AMERICA: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 80 NORTH AMERICA: PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION)
  • TABLE 81 NORTH AMERICA: PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION)
  • TABLE 82 NORTH AMERICA: PROBIOTICS MARKET, BY INGREDIENT, 2020–2023 (USD BILLION)
  • TABLE 83 NORTH AMERICA: PROBIOTICS MARKET, BY INGREDIENT, 2024–2029 (USD BILLION)
  • TABLE 84 US: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 85 US: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 86 CANADA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 87 CANADA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 88 MEXICO: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 89 MEXICO: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 90 EUROPE: PROBIOTICS MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 91 EUROPE: PROBIOTICS MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 92 EUROPE: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 93 EUROPE: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 94 EUROPE: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (KT)
  • TABLE 95 EUROPE: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (KT)
  • TABLE 96 EUROPE: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 97 EUROPE: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 98 EUROPE: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 99 EUROPE: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 100 EUROPE: PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION)
  • TABLE 101 EUROPE: PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION)
  • TABLE 102 EUROPE: PROBIOTICS MARKET, BY INGREDIENT, 2020–2023 (USD BILLION)
  • TABLE 103 EUROPE: PROBIOTICS MARKET, BY INGREDIENT, 2024–2029 (USD BILLION)
  • TABLE 104 RUSSIA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 105 RUSSIA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 106 UK: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 107 UK: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 108 ITALY: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 109 ITALY: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 110 GERMANY: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 111 GERMANY: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 112 SPAIN: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 113 SPAIN: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 114 REST OF EUROPE: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 115 REST OF EUROPE: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 116 ASIA PACIFIC: PROBIOTICS MARKET, BY COUNTRY/REGION, 2020–2023 (USD BILLION)
  • TABLE 117 ASIA PACIFIC: PROBIOTICS MARKET, BY COUNTRY/REGION, 2024–2029 (USD BILLION)
  • TABLE 118 ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 119 ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 120 ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (KT)
  • TABLE 121 ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (KT)
  • TABLE 122 ASIA PACIFIC: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 123 ASIA PACIFIC: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 124 ASIA PACIFIC: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 125 ASIA PACIFIC: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 126 ASIA PACIFIC: PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION)
  • TABLE 127 ASIA PACIFIC: PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION)
  • TABLE 128 ASIA PACIFIC: PROBIOTICS MARKET, BY INGREDIENT, 2020–2023 (USD BILLION)
  • TABLE 129 ASIA PACIFIC: PROBIOTICS MARKET, BY INGREDIENT, 2024–2029 (USD BILLION)
  • TABLE 130 CHINA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 131 CHINA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 132 JAPAN: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 133 JAPAN: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 134 INDIA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 135 INDIA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 136 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 137 AUSTRALIA & NEW ZEALAND: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 138 REST OF ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 139 REST OF ASIA PACIFIC: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 140 SOUTH AMERICA: PROBIOTICS MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 141 SOUTH AMERICA: PROBIOTICS MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 142 SOUTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 143 SOUTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 144 SOUTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (KT)
  • TABLE 145 SOUTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (KT)
  • TABLE 146 SOUTH AMERICA: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 147 SOUTH AMERICA: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 148 SOUTH AMERICA: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 149 SOUTH AMERICA: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 150 SOUTH AMERICA: PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION)
  • TABLE 151 SOUTH AMERICA: PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION)
  • TABLE 152 SOUTH AMERICA: PROBIOTICS MARKET, BY INGREDIENT, 2020–2023 (USD BILLION)
  • TABLE 153 SOUTH AMERICA: PROBIOTICS MARKET, BY INGREDIENT, 2024–2029 (USD BILLION)
  • TABLE 154 BRAZIL: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 155 BRAZIL: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 156 ARGENTINA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 157 ARGENTINA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 158 REST OF SOUTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 159 REST OF SOUTH AMERICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 160 ROW: PROBIOTICS MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 161 ROW: PROBIOTICS MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 162 ROW: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 163 ROW: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 164 ROW: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (KT)
  • TABLE 165 ROW: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (KT)
  • TABLE 166 ROW: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2020–2023 (USD BILLION)
  • TABLE 167 ROW: PROBIOTICS MARKET IN FUNCTIONAL FOOD & BEVERAGES, BY PRODUCT SUBTYPE, 2024–2029 (USD BILLION)
  • TABLE 168 ROW: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 169 ROW: PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 170 ROW: PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION)
  • TABLE 171 ROW: PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION)
  • TABLE 172 ROW: PROBIOTICS MARKET, BY INGREDIENT, 2020–2023 (USD BILLION)
  • TABLE 173 ROW: PROBIOTICS MARKET, BY INGREDIENT, 2024–2029 (USD BILLION)
  • TABLE 174 MIDDLE EAST: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 175 MIDDLE EAST: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 176 AFRICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 177 AFRICA: PROBIOTICS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 178 STRATEGIES ADOPTED BY KEY PLAYERS IN PROBIOTICS MARKET
  • TABLE 179 PROBIOTICS MARKET: DEGREE OF COMPETITION
  • TABLE 180 PROBIOTICS MARKET: PRODUCT TYPE FOOTPRINT
  • TABLE 181 PROBIOTICS MARKET: END USER FOOTPRINT
  • TABLE 182 PROBIOTICS MARKET: REGION FOOTPRINT
  • TABLE 183 PROBIOTICS MARKET: KEY STARTUP/SMES, 2023
  • TABLE 184 PROBIOTICS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES
  • TABLE 185 PROBIOTICS MARKET: PRODUCT LAUNCHES, JANUARY 2019–FEBRUARY 2024
  • TABLE 186 PROBIOTICS MARKET: DEALS, JANUARY 2019–FEBRUARY 2024
  • TABLE 187 PROBIOTICS MARKET: EXPANSIONS, JANUARY 2019–FEBRUARY 2024
  • TABLE 188 PROBIOTICS MARKET: OTHERS, JANUARY 2019–FEBRUARY 2024
  • TABLE 189 PROBI: BUSINESS OVERVIEW
  • TABLE 190 PROBI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 191 PROBI: PRODUCT LAUNCHES
  • TABLE 192 PROBI: DEALS
  • TABLE 193 NESTLÉ: BUSINESS OVERVIEW
  • TABLE 194 NESTLÉ: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 195 NESTLÉ: PRODUCT LAUNCHES
  • TABLE 196 NESTLÉ: DEALS
  • TABLE 197 ADM: BUSINESS OVERVIEW
  • TABLE 198 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 199 ADM: DEALS
  • TABLE 200 ADM: EXPANSIONS
  • TABLE 201 DANONE: BUSINESS OVERVIEW
  • TABLE 202 DANONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 203 DANONE: PRODUCT LAUNCHES
  • TABLE 204 DANONE: EXPANSIONS
  • TABLE 205 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
  • TABLE 206 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 207 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
  • TABLE 208 INTERNATIONAL FLAVORS & FRAGRANCES INC.: EXPANSIONS
  • TABLE 209 YAKULT HONSHA CO., LTD.: BUSINESS OVERVIEW
  • TABLE 210 YAKULT HONSHA CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 211 YAKULT HONSHA CO., LTD.: PRODUCT LAUNCHES
  • TABLE 212 YAKULT HONSHA CO., LTD.: DEALS
  • TABLE 213 YAKULT HONSHA CO., LTD.: EXPANSIONS
  • TABLE 214 BIOGAIA: BUSINESS OVERVIEW
  • TABLE 215 BIOGAIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 216 BIOGAIA: PRODUCT LAUNCHES
  • TABLE 217 BIOGAIA: DEALS
  • TABLE 218 BIOGAIA: EXPANSIONS
  • TABLE 219 MORINAGA MILK INDUSTRY CO., LTD.: BUSINESS OVERVIEW
  • TABLE 220 MORINAGA MILK INDUSTRY CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 221 MORINAGA MILK INDUSTRY CO., LTD.: PRODUCT LAUNCHES
  • TABLE 222 MORINAGA MILK INDUSTRY CO., LTD.: OTHERS
  • TABLE 223 MORINAGA MILK INDUSTRY CO., LTD.: EXPANSIONS
  • TABLE 224 MEIJI HOLDINGS CO., LTD.: BUSINESS OVERVIEW
  • TABLE 225 MEIJI HOLDINGS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 226 LIFEWAY FOODS, INC.: BUSINESS OVERVIEW
  • TABLE 227 LIFEWAY FOODS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 228 LIFEWAY FOODS, INC.: DEALS
  • TABLE 229 ADISSEO: BUSINESS OVERVIEW
  • TABLE 230 ADISSEO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 231 WINCLOVE PROBIOTICS: BUSINESS OVERVIEW
  • TABLE 232 WINCLOVE PROBIOTICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 233 WINCLOVE PROBIOTICS: DEALS
  • TABLE 234 WINCLOVE PROBIOTICS: EXPANSIONS
  • TABLE 235 AB-BIOTICS, S.A.: BUSINESS OVERVIEW
  • TABLE 236 AB-BIOTICS, S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 237 AB-BIOTICS, S.A.: DEALS
  • TABLE 238 APSEN FARMACÊUTICA: BUSINESS OVERVIEW
  • TABLE 239 APSEN FARMACÊUTICA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 240 APSEN FARMACÊUTICA: PRODUCT LAUNCHES
  • TABLE 241 APSEN FARMACÊUTICA: DEALS
  • TABLE 242 LALLEMAND: BUSINESS OVERVIEW
  • TABLE 243 LALLEMAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 244 LALLEMAND: DEALS
  • TABLE 245 LALLEMAND: EXPANSIONS
  • TABLE 246 ELANCO: BUSINESS OVERVIEW
  • TABLE 247 ELANCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 248 NEXTFOODS, INC.: BUSINESS OVERVIEW
  • TABLE 249 NEXTFOODS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 250 NEXTFOODS, INC.: DEALS
  • TABLE 251 I-HEALTH, INC.: BUSINESS OVERVIEW
  • TABLE 252 I-HEALTH, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 253 SUJA LIFE, LLC.: BUSINESS OVERVIEW
  • TABLE 254 SUJA LIFE, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 255 SUJA LIFE, LLC.: DEALS
  • TABLE 256 RENEW LIFE FORMULAS, LLC.: BUSINESS OVERVIEW
  • TABLE 257 RENEW LIFE FORMULAS, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 258 BIOHM HEALTH: BUSINESS OVERVIEW
  • TABLE 259 SUN GENOMICS: BUSINESS OVERVIEW
  • TABLE 260 UNIQUE BIOTECH LTD: BUSINESS OVERVIEW
  • TABLE 261 SO GOOD SO YOU: BUSINESS OVERVIEW
  • TABLE 262 PROTOCOL FOR LIFE BALANCE: BUSINESS OVERVIEW
  • TABLE 263 ADJACENT MARKETS TO PROBIOTICS
  • TABLE 264 DIETARY SUPPLEMENTS MARKET, BY TYPE, 2018–2022 (USD MILLION)
  • TABLE 265 DIETARY SUPPLEMENTS MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 266 BONE & JOINT HEALTH SUPPLEMENTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
  • TABLE 267 BONE & JOINT HEALTH SUPPLEMENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 PROBIOTICS MARKET SEGMENTATION
  • FIGURE 2 PROBIOTICS MARKET SEGMENTATION, BY REGION
  • FIGURE 3 STUDY PERIODS CONSIDERED
  • FIGURE 4 PROBIOTICS MARKET: RESEARCH DESIGN
  • FIGURE 5 KEY DATA FROM SECONDARY SOURCES
  • FIGURE 6 KEY INSIGHTS FROM PRIMARY SOURCES
  • FIGURE 7 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 8 PROBIOTICS MARKET: BOTTOM-UP APPROACH
  • FIGURE 9 PROBIOTICS MARKET SIZE CALCULATION STEPS AND THEIR CORRESPONDING SOURCES: SUPPLY SIDE
  • FIGURE 10 PROBIOTICS MARKET: TOP-DOWN APPROACH
  • FIGURE 11 DATA TRIANGULATION
  • FIGURE 12 RESEARCH LIMITATIONS & ASSOCIATED RISKS
  • FIGURE 13 INDICATORS OF RECESSION
  • FIGURE 14 GLOBAL INFLATION RATE, 2011–2022
  • FIGURE 15 GLOBAL GDP, 2011–2022 (USD TRILLION)
  • FIGURE 16 RECESSION INDICATORS AND THEIR IMPACT ON PROBIOTICS MARKET
  • FIGURE 17 PROBIOTICS MARKET: EARLIER FORECAST VS RECESSION IMPACT FORECAST, 2024
  • FIGURE 18 PROBIOTICS MARKET, BY INGREDIENT, 2024 VS. 2029 (USD BILLION)
  • FIGURE 19 PROBIOTICS MARKET, BY PRODUCT TYPE, 2024 VS. 2029 (USD BILLION)
  • FIGURE 20 PROBIOTICS MARKET, BY END USER, 2024 VS. 2029 (USD BILLION)
  • FIGURE 21 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024 VS. 2029 (USD BILLION)
  • FIGURE 22 PROBIOTICS MARKET SHARE (VALUE), BY REGION, 2023
  • FIGURE 23 HEALTH BENEFITS ASSOCIATED WITH PROBIOTIC-FORTIFIED FOODS & BEVERAGES TO PROPEL MARKET
  • FIGURE 24 CHINA AND FUNCTIONAL FOOD & BEVERAGES TO ACCOUNT FOR LARGEST SEGMENTAL SHARES IN ASIA PACIFIC PROBIOTICS MARKET IN 2023
  • FIGURE 25 FUNCTIONAL FOOD & BEVERAGES SEGMENT TO DOMINATE AMONG PROBIOTIC PRODUCT TYPES IN MARKET DURING FORECAST PERIOD
  • FIGURE 26 DAIRY PRODUCTS TO HAVE SUBSTANTIAL LEAD OVER OTHER FUNCTIONAL FOOD & BEVERAGES WITH PROBIOTICS DURING FORECAST PERIOD
  • FIGURE 27 HYPERMARKETS & SUPERMARKETS TO BE LEADING DISTRIBUTION CHANNELS OF PROBIOTICS DURING FORECAST PERIOD
  • FIGURE 28 HUMAN END USE TO COMMAND LION’S SHARE OVER ANIMAL END USE OF PROBIOTICS DURING STUDY PERIOD
  • FIGURE 29 BACTERIAL PROBIOTICS TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 30 US: RETAIL AND FOOD SERVICE SALES, 2016–2022 (USD BILLION)
  • FIGURE 31 ASIA: ANNUAL GDP GROWTH RATE, BY COUNTRY, 2022
  • FIGURE 32 MARKET DYNAMICS
  • FIGURE 33 VALUE CHAIN ANALYSIS OF PROBIOTICS MARKET
  • FIGURE 34 SUPPLY CHAIN ANALYSIS OF PROBIOTICS MARKET
  • FIGURE 35 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY FUNCTIONAL FOOD & BEVERAGE PRODUCT, 2024 (USD/TON)
  • FIGURE 36 AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE, 2021-2024 (USD/TON)
  • FIGURE 37 AVERAGE SELLING PRICE TREND FOR FUNCTIONAL FOOD & BEVERAGES, BY REGION, 2022–2024 (USD/TON)
  • FIGURE 38 AVERAGE SELLING PRICE TREND FOR DIETARY SUPPLEMENTS, BY REGION, 2022–2024 (USD/TON)
  • FIGURE 39 AVERAGE SELLING PRICE TREND FOR ANIMAL FEED, BY REGION, 2022–2024 (USD/TON)
  • FIGURE 40 PROBIOTICS MARKET MAPPING
  • FIGURE 41 ECOSYSTEM MAPPING OF PROBIOTICS MARKET
  • FIGURE 42 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • FIGURE 43 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2023
  • FIGURE 44 TOP 10 INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
  • FIGURE 45 PORTER’S FIVE FORCES ANALYSIS: PROBIOTICS MARKET
  • FIGURE 46 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR KEY PRODUCT TYPE
  • FIGURE 47 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS, BY PRODUCT TYPE
  • FIGURE 48 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 49 PROBIOTICS MARKET, BY PRODUCT TYPE, 2024 VS. 2029 (USD BILLION)
  • FIGURE 50 US: PREFERRED SOURCES OF PROBIOTICS CONSUMPTION, 2022
  • FIGURE 51 PROBIOTICS MARKET, BY INGREDIENT, 2024 VS. 2029 (USD BILLION)
  • FIGURE 52 PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2024 VS. 2029 (USD BILLION)
  • FIGURE 53 HUMAN CONSUMPTION TO DOMINATE MARKET FROM 2024 TO 2029 (USD BILLION)
  • FIGURE 54 FREQUENCY OF PROBIOTIC CONSUMPTION AMONG USERS
  • FIGURE 55 RAPIDLY GROWING MARKETS TO EMERGE AS NEW HOT SPOTS
  • FIGURE 56 NORTH AMERICA: INFLATION DATA, BY KEY COUNTRY, 2017–2022
  • FIGURE 57 NORTH AMERICA: RECESSION IMPACT ANALYSIS
  • FIGURE 58 EUROPE: MARKET SNAPSHOT
  • FIGURE 59 EUROPE: INFLATION DATA, BY KEY COUNTRY, 2017–2022
  • FIGURE 60 EUROPE: RECESSION IMPACT ANALYSIS
  • FIGURE 61 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 62 ASIA PACIFIC: INFLATION DATA, BY KEY COUNTRY, 2017–2022
  • FIGURE 63 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
  • FIGURE 64 SOUTH AMERICA: INFLATION DATA, BY COUNTRY, 2017–2022
  • FIGURE 65 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
  • FIGURE 66 ROW: INFLATION DATA, BY SUBREGION, 2017–2022
  • FIGURE 67 ROW: RECESSION IMPACT ANALYSIS
  • FIGURE 68 REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2020–2022 (USD BILLION)
  • FIGURE 69 MARKET SHARE OF LEADING COMPANIES IN PROBIOTICS MARKET (GLOBAL), 2023
  • FIGURE 70 PROBIOTICS MARKET: COMPANY VALUATION (USD BILLION)
  • FIGURE 71 PROBIOTICS MARKET: EV/EBITDA, 2022 (USD BILLION)
  • FIGURE 72 PROBIOTICS MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 73 PROBIOTICS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 74 PROBIOTICS MARKET: COMPANY FOOTPRINT, 2023
  • FIGURE 75 PROBIOTICS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 76 PROBI: COMPANY SNAPSHOT
  • FIGURE 77 NESTLÉ: COMPANY SNAPSHOT
  • FIGURE 78 ADM: COMPANY SNAPSHOT
  • FIGURE 79 DANONE: COMPANY SNAPSHOT
  • FIGURE 80 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
  • FIGURE 81 YAKULT HONSHA CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 82 BIOGAIA: COMPANY SNAPSHOT
  • FIGURE 83 MORINAGA MILK INDUSTRY CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 84 MEIJI HOLDINGS CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 85 LIFEWAY FOODS, INC.: COMPANY SNAPSHOT
  • FIGURE 86 ADISSEO: COMPANY SNAPSHOT
  • FIGURE 87 ELANCO: COMPANY SNAPSHOT

 

This research involves the extensive use of secondary sources; directories; and databases (Bloomberg 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 to assess prospects.

Secondary Research

In the secondary research process, various sources, such as the Food and Agricultural Organization (FAO), United States Department of Agriculture (USDA), U.S. Food and Drug Administration (FDA) U.S. Food and Drug Administration (FDA), European Food Safety Authority (EFSA), World Health Organization (WHO), Consumer Healthcare Products Association (CHPA), European Federation of Associations of Health Product Manufacturers (EHPM), Canadian Health Food Association (CHFA), and Health Food Manufacturers' Association (HFMA), associations were referred to identify and collect information for this study. The secondary sources also include journals, press releases, investor presentations of companies, whitepapers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Primary Research

The Probiotics market encompasses various stakeholders involved in the supply chain, raw material manufacturers, raw material suppliers, regulatory organizations, and research institutions. To gather comprehensive information, primary sources from both the supply and demand sides were engaged. Primary interviewees from the supply side consisted of manufacturers, distributors, importers, and technology providers involved in the production and distribution of Probiotics. On the demand side, key opinion leaders, executives, and CEOs of companies in the Probiotics industry were approached through questionnaires, emails, and telephonic interviews. This approach ensured a comprehensive and well-rounded understanding of the Probiotics market from various perspectives.

Probiotics Market Growth

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

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the market’s and various dependent submarkets’ size. The research methodology used to estimate the market size includes extensive secondary research of key players, reports, reviews, and newsletters of top market players, along with extensive interviews from leaders, such as CEOs, directors, and marketing executives.

Global Probiotics Market Size: Top-Down Approach

Probiotics Market Size Top Down Approach

Probiotics Market Segment Top Down Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Probiotics Market: Data Triangluation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. 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 both the top-down and bottom-up approaches.

Probiotics Market Data Triangluation

Market Definition

The joint Food and Agriculture Organization (FAO)/World Health Organization (WHO) working group defines probiotics as “live micro-organisms, which when administered in adequate amounts confer a health benefit on the host” (FAO/ WHO, 2001).

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.

According to the National Center for Complementary and Integrative Health, “Probiotics are live microorganisms that are intended to have health benefits when consumed or applied to the body.” The major function of probiotics is to maintain a healthy balance in the body. Several types of microorganisms are present in probiotics, and they may have different effects on the body. The most common bacteria belong to the group called Lactobacillus and Bifidobacterium.

Key Stakeholders

  • 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 are as follows:
    • 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)

Report Objectives

  • To define, segment, and project the global market for Probiotics on the basis of product type, ingredient, distribution channel, end user, 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 micro markets 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 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 competitive developments in the Probiotics market, including joint ventures, mergers & acquisitions, new product developments, and research & development activities

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 company-specific scientific needs.

  • Further breakdown of the Rest of the European Probiotics market, by key country
  • Further breakdown of the Rest of the Asia Pacific Probiotics market, by key country
  • Further breakdown of the Rest of South America Probiotics market, by key country

Company Information

  • Detailed analyses and profiling of additional market players

Previous Versions of this Report

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

Report Code FB 2269
Published in Oct, 2022, By MarketsandMarkets™

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

Report Code FB 2269
Published in Jul, 2021, By MarketsandMarkets™

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, and Region – Global Forecast to 2023

Report Code FB 2269
Published in Jan, 2019, By MarketsandMarkets™

Probiotics Market by Application (Functional Food & Beverages (Dairy, Non-dairy Beverages, Baked Goods, Meat, Cereal), Dietary Supplements, Animal Feed), Source (Bacteria, Yeast), Form (Dry, Liquid), End User (Human, Animal), and Region - Forecast to 2022

Report Code FB 2269
Published in Sep, 2017, By MarketsandMarkets™

Probiotic Ingredients Market by Function (Regular, Preventative, Therapy), Application (Food & Beverage, Dietary Supplements, & Animal Feed, End Use (Human & Animal Probiotics), Ingredient (Bacteria & Yeast) and Region - Global Trends & Forecast to 2020

Report Code FB 2269
Published in Jul, 2015, By MarketsandMarkets™

Probiotics Market by Products (Functional Foods, Dietary Supplements, Specialty Nutrients, Animal Feed), Applications (Regular, Therapeutic, Preventive Health Care) & Ingredients (Lactobacilli, Bifidobacteria, Yeast) - Global Trends & Forecasts to 2019

Report Code FB 2269
Published in Mar, 2014, By MarketsandMarkets™

Probiotics Market by Products (Functional Foods), Applications & Ingredients - 2019 | MarketsandMarkets

Report Code FB 2269
Published in Sep, 2009, By MarketsandMarkets™
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