Probiotics Market - By Product (Food & Beverages and Dietary Supplements), By Ingredient (Bacteria and Yeast), By End User (Human Probiotics and Animal Probiotics), By Distribution Channel (Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores, and Online Stores) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Probiotics Market size was estimated at USD 56.1 billion in 2020 and reach 106.4 billion by 2030 growing with a CAGR of 6.6% during the forecast period. Probiotics, when consumed in adequate amount, have desirable effects such as improved gut health and reduced intestinal inflammation. Probiotics play great role in preventive healthcare as they prevent the occurrence of disease by strengthening the immune system. Yeast is projected to be the fastest growing ingredients segment of probiotics.

Market Segmentation:

On the basis of application, global probiotics market divided into functional food, beverages, dairy products, non-dairy beverages, infant formula, cereals, baked food, fermented meat, dry food, dietary supplement (food supplements, nutritional supplements, and others) and animal feed probiotics. On the basis of ingredient it divided into bacteria and yeast. On end user basis it is divided into human probiotics and animal probiotics. On the distribution channel basis it is divided into hypermarkets/supermarkets, pharmacies/drugstores, specialty stores and online stores. And by geography, probiotics market divided into Asia pacific, North America, Europe and RoW.

Market Dynamics and Factors:

Key drivers factor for probiotics market growth are the increasing use of high nutritional content in food due to increasing consumer awareness towards healthy diets. In Asia country particularly in Japan, increase in the ageing population has more opportunity for the sale of probiotics supplements. Probiotics market is driven by factors such as health benefits associate with food and technological advancement in probiotic products. One of the major restraints in probiotics market is international quality standards, regulation for probiotic product and R&D cost for developing new strains of probiotics.

Geographic Analysis:

Asia pacific lead the global probiotics market share accounting to 41.7% in 2018 and it is followed by North America, Europe and rest of the world. The Asia pacific is projected to be the fastest growing market for the period considered for these study, due to rising in the disposable income and increase in demand for nutritional food product, with growing technology base leading to increase in demand of probiotics in these region. The rapid economic growth in economic such as China, Japan and India have led to significant increase in the disposable incomes of livestock owners. These factor driving the demand for probiotic based food, making the Asia pacific the fastest growing region with CAGR of 9.6% during the forecast period. The North America market of probiotics products is forecast to reach USD17.28 billion by 2026 growing at a CAGR of 6.3% during forecast period. Factor responsible for these is lead to digestive disorders, bloating and reduction in resistance to infections including poor and untimely diet, age and stress levels. Europe probiotics market is posed to reach USD 15.62 billion by 2026 by a CAGR of 5.35%.

Competitive Scenario:

Some of the key player operating in global probiotics industry are Yakult Honsha Co. Ltd., Lifeway foods Inc., Nestle S.A., Ganeden Inc., Arla Foods Inc., Lallemand Inc., Chr. Hansen, Groupe Danone, PepsiCo Inc.(Kvita), Kerry Inc. and Post Holding Inc.     

Probiotics Market Report Scope