Probiotics Market, By Ingredients (Bacteria and Yeast), By Application (Functional Food and Beverages, Dietary Supplements and Animal Feed), By Forms (Liquid and Dry) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI111019 | Publish Date: March 2024 | No. of Pages: 168

Global Probiotics Market By Ingredients Overview

Introduction

Probiotics Market was valued at US$ 72.2 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 115.5 Billion by 2034.

Probiotics are live micro-organism like bacteria and yeast that helps to restore gut flora and provide many health benefits. They are generally taken as supplements. They help to treat various diseases related to stomach, gastrointestinal tract, and bowl movement. However, different types of probiotics provide different health benefits, therefore it is important to choose the correct probiotic. Probiotics mainly include bacteria like lactobacillus and Bifidobacterium. Some certain types of yeast also act as probiotics like saccharomyces boulardii. Few examples of probiotics are yakult, kimchi, pickled vegetables, buttermilk etc. It is usually recommended to take them daily; probiotics are a natural supplement and not a medicine. Probiotics are safe for majority of the population, but the most common side effects are such as a temporary increase in gas, bloating, constipation and thirst. It is suggested that children and adults with severe illnesses or low immune systems should avoid such supplements.

Global Probiotics Market By Ingredients Dynamics

Rising awareness of nutritional values of probiotics

Increase in probiotic food which is rich in nutritional values is the major driver for probiotic market. The rising costs of the healthcare sector and the advent of the internet age, has led to an increased preference for preventive health care. This has enabled consumers to self-diagnose the ailments they are suffering from. In addition to that increasing investment in agribusiness along with government initiatives for maintaining health and nutrition of the livestock is another factor that fuels the growth of the global probiotics market. Increasing participation of international bodies in the research and development of probiotic products across the globe is some among the major factor expected to boost growth of the target market in the near future. In addition, increasing investment in agribusiness along with government initiatives for maintaining health and nutrition of the livestock is another factor that fuels the growth of the global probiotics market.

However, complex testing methods and selection criteria of strain during the production and development process for probiotic production which results in high research and development cost may hamper the target market demand. International quality standards and regulation for probiotics are limiting the growth of the global probiotics market.

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Global Probiotics Market By Ingredients Segmentation

The probiotics market is segmented based on ingredients, application, forms and region.

On the basis of ingredients, the target market is divided into bacteria and yeast. On the basis of application, the target market is subdivided into food and beverages, dietary supplements and animal feed. On the basis of forms, target market is subdivided into liquid and solid forms.

Regional Insights:

The probiotics market accounted for US$ 72.2 Billion in 2024 and is estimated to be US$ 115.5 Billion by 2034 and is anticipated to register a CAGR of 5.30%. On region the Probiotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Rising health awareness among consumers in the Asia Pacific region is projected to account for the largest market size during the forecast period. Due to the presence of Japanese probiotic brand “Yakult”, consumers in Asia Pacific region are well aware of the health benefits of probiotics. The Asia Pacific region presents immense opportunities for animal probiotic products, as governments are becoming increasingly concerned about the health and productivity of farm animals. In 2015, The European region largely contributed significantly to the overall market demand. The Federation of European Nutrition Societies (FENS) funds and invests in many businesses about nutritional foods & nutri-cosmetics. The people in the North American region are suffering from digestive distress, obesity, high blood pressure, and tooth decay, owing to the unhealthy & sedentary lifestyle.

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Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 – 2034

Market Segmentation

By Ingredients- Bacteria and Yeast

By Application– Functional Food & Beverages, Dietary Supplements, and Animal Feed

By Forms– Liquid and Dry

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global probiotics market report based on ingredients, application, forms and region.

Probiotics Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • U.S.
      • Canada

Global Probiotics Market By Ingredients Key Players

The key players operating in the global probiotics market includes Chr. Hansen, Danone SA, Yakult Honsha, DuPont de Nemours Inc, Kerry Group plc, Probi AB, Nestlé S.A., Bio Gaia AB, Morinaga Milk Industry Co., Ltd and Glac Biotech.

Recent Development:

             The New Launched Product News,

  • In July 2023, Danone launched new science-based probiotic supplement to support breastfeeding experiences. Mastitis, which affects approximately 1 out of 4 breastfeeding mothers, is considered one of the leading causes of an early and unwanted end to breastfeeding. Results from a clinical research indicate that Danone's new probiotic supplement, Almimama, which was introduced in Spain, can promote breastfeeding by assisting in the reduction of mastitis occurrence. Just 48% of infants under the age of six months are exclusively breastfed, despite the fact that nursing has been shown to provide numerous health benefits for both mother and child.
  • In October 2022, Nestle launched a new proprietary blend for infant nutrition combining a probiotic strains with varying levels of six human milk oligosaccharides (HMOs) to support the developing infant through its life stages. The strain B. infantis LMG11588, which Nestle research indicates has the capacity to effectively absorb and metabolize HMOs and produce important compounds that are favorable to human health, is used in the new blend called Sinergity.

Global Probiotics Market By Ingredients Company Profile

  • Chr. Hansen
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Danone SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Yakult Honsha
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DuPont de Nemours Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kerry Group PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Probi AB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nestle S.A.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BioGaia AB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Morinaga Milk Industry Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Glac Biotech
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Probiotics Market By Ingredients Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Ingredients
    • Market Snippet, By Forms
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, By Ingredients, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Bacteria
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Yeast
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Forms, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Solid Probiotics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Liquid Probiotics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Food & Beverages
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Dietary Supplements
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Animal Feed
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 — 2029
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Ingredients, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Forms, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Ingredients, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Forms, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Ingredients, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Forms, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Ingredients, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Forms, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Ingredients, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Forms, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
    • Chr. Hansen
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Danone SA
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Yakult Honsha
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • DuPont de Nemours Inc
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Kerry Group plc
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Probi AB
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Nestlé S.A.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • BioGaia AB
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Morinaga Milk Industry Co.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
    • Glac Biotech
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
  • Analyst Views

Section

  • Research Methodology
  • About Us
  • Contact

FAQs

The Global Probiotics Market report segments the market on the basis on ingredients, applications, forms, and region.

Increase in probiotic food which is rich in nutritional values is the major driver for global probiotic market.

Asia Pacific region is projected to account for the largest market size during the forecast period.

The leading players operating in the Global Probiotics Market includes Chr. Hansen, Danone SA, Yakult Honsha, DuPont de Nemours Inc, Kerry Group plc, Probi AB, Nestlé S.A., BioGaia AB, Morinaga Milk Industry Co., Ltd and Glac Biotech.