Probiotics Market Scope, Demand, Growth, Regional Analysis 2022 to 2030

Probiotics Market

Probiotics Market : Description

Functional foods with probiotics have been found to improve general human health. Probiotic dairy goods (cheese, yoghurts, and milk) and probiotic non-dairy items can be generically categorised as probiotic foods and beverages (juices, kombucha, bakery, meat, and baby food). With the rising demand for yoghurt around the world over the past ten years, the market for probiotic dairy products has gradually grown. Based on the bacterial strains utilised, such as Lactobacillus and Bifidobacterium, different probiotic products are categorised. Most dairy products, including ice cream and cheese, include probiotics in the form of bacteria, which helps to improve intestinal health.Some of the primary factors are the potential health advantages of probiotic-based functional meals and the involvement of international organisations in the R&D approvals of probiotics.

 

Probiotics Market : Overview

The global probiotics market size was valued at $34.1 billion in 2020, and is projected to reach $73.9 billion by 2030, registering a CAGR of 8.6%. The market is being propelled by the rising consumer preference for preventative healthcare along with the creation of effective probiotic strains. Probiotics have positive benefits on the body when ingested in sufficient levels, such as enhanced gut health and decreased intestinal inflammation. Probiotics are essential for preventative healthcare since they boost immune function and stop the development of diseases. Therefore, during the course of the forecast period, increasing awareness of preventive healthcare is anticipated to fuel market expansion.

Growth Motivators

Probiotics help with digestion and have various benefits, including boosting immunity, maintaining gut health, controlling weight, preventing obesity, and many more. In the upcoming years, the business is projected to be driven by the rising public knowledge of the health benefits. Consumers are gravitating toward a plant-based diet as a result of rising health consciousness among consumers and the vegan movement. To increase their client base, numerous organisations and significant industry players are launching plant-based probiotics.Additionally, it is projected that major players’ increasing investments in R&D of novel goods will positively affect the industry’s expansion. For instance, Amorepacific Group established its new Green Tea Probiotics Research Centre in February 2022 to advance research on lactobacillus, which was recently found in Jeju organic green tea. As a result of the advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients being more cautious, along with unmatched online access to astonishing amounts of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customised healthcare services. The COVID-19 epidemic has also increased demand for healthcare and related goods and services, boosting the performance of the healthcare sector as a whole.

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Segment Analysis

Probiotics Market based by application

Food & Beverage

Drugs

Dietary Supplements

Probiotics Market : By Types

Bifidobacterium

Lactobacillus

Probiotics Market : Competitive Landscape

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Key Regions & Countries: North America (the United States, Canada, and Mexico), Europe, (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Key Players: DuPont (Danisco),Chr. Hansen,Lallemand,China-Biotics,Nestle,Danone,Probi,BioGaia,Yakult,Novozymes,Glory Biotech,Ganeden,Morinaga Milk Industry,Sabinsa,Greentech,Biosearch Life,UAS Laboratories,Synbiotech