Probiotics Market Trends, Share, Size, Demand, Growth and Forecast Report 2024-2032

The latest report by IMARC Group, titled “Probiotics Market Report by Ingredient (Bacteria, Yeast), Distribution Channel (Supermarkets and Hypermarkets, Pharmacies/Drugstores, Specialty Stores, Online Stores, and Others), Application (Food and Beverages, Dietary Supplements, Animal Feed), Form (Dry, Liquid), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the probiotics market trends.

What is the market outlook for probiotics?

The global probiotics market size reached US$ 63.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 114.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.

Top 13 Probiotics Companies:

1. Biogaia AB
2. Hansen Holding A/S
3. Danone S.A.
4. General Mills Inc
5. i-Health Inc (Koninklijke DSM N.V.)
6. Kerry Group plc
7. Lallemand Inc.
8. Lifeway Foods Inc
9. Morinaga Milk Industry Co. Ltd.
10. Nestlé S.A.
11. PepsiCo Inc
12. Probi (Symrise AG)
13. Yakult Honsha Co.Ltd.

Factors Driving Growth in the Probiotics Industry:

• Increasing Consumer Awareness of Health Benefits:

The upward trajectory of the probiotics market is substantially supported by the burgeoning consumer awareness of the potential health advantages linked to probiotic consumption. Probiotics, live microorganisms offering health benefits when consumed adequately, have garnered significant interest as research unveils the crucial role of gut microbiota in maintaining holistic well-being. Various information sources, including media exposure, healthcare professionals, and educational campaigns by probiotic manufacturers, are instrumental in fortifying consumer awareness and fostering market expansion.

• Rising Incidence of Digestive Disorders:

Another pivotal driver of the probiotics industry is the escalating prevalence of digestive ailments such as irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), and gastroesophageal reflux disease (GERD) worldwide. These disorders inflict discomfort, pain, and deteriorated quality of life among millions of individuals, underscoring the therapeutic potential of probiotics in alleviating symptoms and enhancing gut health. Consequently, consumers are increasingly turning to probiotic products as alternative or complementary remedies for digestive issues, contributing significantly to market growth.

• Growing Demand for Functional Food and Beverages (F&B):

The global inclination towards healthier lifestyles and preventive healthcare has spurred a heightened demand for functional food and beverage (F&B) items enriched with beneficial components like probiotics. Functional foods extend health benefits beyond basic nutrition through bioactive compounds or supplements. Probiotic-infused products such as yogurt, kefir, kombucha, and fermented vegetables have gained traction as consumers seek convenient and enjoyable ways to enhance their well-being. Additionally, the food industry’s continuous innovation and product diversification have introduced a wide array of probiotic-enriched offerings, including snacks, cereals, juices, and even beauty products, propelling market progression.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/probiotics-market/requestsample

Probiotics Market Report Segmentation:

By Ingredient:

• Bacteria
• Yeast

Bacteria dominate the market due to their widespread use and effectiveness in probiotic formulations.

By Distribution Channel:

• Supermarkets and Hypermarkets
• Pharmacies/Drugstores
• Specialty Stores
• Online Stores
• Others

Supermarkets and hypermarkets represent the largest distribution channel due to their extensive reach and accessibility to a wide consumer base.

By Application:

• Food and Beverages
• Dietary Supplements
• Animal Feed

Food and beverage accounts for the majority of market share by application because of the increasing incorporation of probiotics into various food and beverage products to meet consumer demand for functional and health-promoting options.

By Form:

• Dry
• Liquid

Liquid holds the largest market share by form owing to the convenience and versatility of liquid probiotic formulations, making them popular among consumers.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia-Pacific leads the market due to factors such as increasing consumer awareness, changing dietary habits, and a growing demand for health and wellness products in countries within the region.

Global Probiotics Market Trends:

• Biotechnological Advancements: Ongoing progress in biotechnology has facilitated the creation of novel probiotic strains boasting enhanced efficacy and stability, broadening the scope of potential applications and driving market expansion.
• Focus on Gut-Brain Axis: Increased research delving into the gut-brain axis, uncovering the intricate link between gut health and mental well-being, is spurring the development of probiotic formulations targeting mood enhancement, cognitive function, and overall mental wellness, bolstering market growth.
• Personalized Nutrition Trend: The rising popularity of personalized nutrition, where consumers seek customized dietary solutions tailored to specific health needs, is serving as a significant growth catalyst within the probiotics market landscape.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5483&flag=C

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163