The report "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", was estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period.
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.
The human probiotics segment by end user is projected to account for the largest market of the probiotics.
The rising trend of consuming functional foods due to the growing preferences for health-benefiting products is projected to drive the market for probiotics in the human segment. Popular sources of probiotics include yogurt, beverages such as fermented milk & juices, and probiotic supplements. The developing economies in Asia Pacific such as China, India, and South Korea are largely shifting toward urbanization, and in the coming years, the demand for convenience food products is witnessed to grow explicitly. These factors accounts for the large market share across the globe.
Asia Pacific is projected to be the fastest growing market.
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. Health deterioration in animals due to the use of AGPs has also encouraged livestock owners to use probiotic-based feed. The application of probiotics is expected to increase at a fast pace in Asia Pacific due to the rise in consumer demand.
Key players in the global probiotics market include Chr. Hansen (Denmark), Dupont (US), Danone (France), Yakult Honsha (Japan), and Nestlé (Switzerland). Expansions and new product launches were the core strengths of leading players in the probiotics market. These strategies were adopted by key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as Chr. Hansen (Denmark), Dupont (US), Danone (France), Nestlé (Switzerland), and Yakult Honsha (Japan) are focusing on tapping the potential markets through expansions and new product launches.
Get More Information:
The yeast segment by ingredient is projected to achieve the fastest growth in the probiotic market.
Yeast, as a probiotic, is actively used in applications such as food, beverages, pharmaceuticals, and industrial enzymes. For a yeast strain to be selected as a probiotic, it needs to have a high tolerance to acidity, should show resistance to bile salts, must have an adhesion capacity to the intestinal cells, and should demonstrate an immunostimulant effect. With the increasing demand for products incorporating Saccharomyces boulardii—a unique tropical yeast having several beneficial effects on human intestinal health will drive the market of yeast segment globally.
Oct 12, 2022
Probiotics Market Will Hit Big Revenues In Future
The report 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...
Read more »
Some individuals may not be listed above if they shared content without first signing in.