"Competitive analysis in the first-class Probiotics Market report makes businesses aware of key players' moves in the market, such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The market research report provides market insights that offer a more precise understanding of the market landscape, potential future industry challenges, and how to position specific brands optimally. Additionally, businesses can decide on strategies related to products, customers, key players, sales, promotion, or marketing by acquiring detailed competitive market analysis.
An all-inclusive Probiotics Market research report includes historic data, present market trends, product consumption, the environment, technological innovation, future prospects, upcoming technologies, and technical progress in the Probiotics Market industry. SWOT analysis and Porter's Five Forces Analysis are consistently and promisingly used tools for generating this report. Moreover, this data is also checked and verified by market experts before publishing it in the market report and providing it to the client. The Probiotics Market document helps businesses decide on various strategies such as production, marketing, sales, or promotion for a particular product in the market or a new product to be launched.
The consumption of healthy food among people has been minimized due to the busy, contemporary lifestyle, and many times. It can cause gastrointestinal discomfort and infection in other body regions. Consequently, the consumption of probiotics has increased. The probiotic food and beverages segment led the market growth to a great extent globally in 2021. The increasing awareness associated with preventive healthcare is anticipated to enhance the market growth over the forecast period.
Data Bridge Market Research analyses that the probiotics market, which was USD 66.3 billion in 2022, would rise to USD 128.38 billion by 2030 and is expected to undergo a CAGR of 8.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Explore Further Details about This Research Probiotics Market Report https://www.databridgemarketresearch.com/reports/global-probiotics-market
Probiotics Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 - 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Form (Liquid, Dry), Ingredient (Bacteria, Yeast), Application (Functional Food and Beverages, Dietary Supplements, Animal Feed), Distribution Channel (Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores, Online), End User (Human, Animal) |
| Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Yakult Honsha Co., Ltd (Japan), Nestlé (Switzerland), DuPont (U.S.), MORINAGA & CO., LTD (Japan), Protexin (U.K.), Danone (France), Deerland Probiotics and Enzymes, Inc. (U.S.), Goerlich Pharma GmbH (Germany), SANZYME BIOLOGICS PVT. LTD (India), DSM (Netherlands), NutraScience Labs (U.S.), Kerry Group plc (Ireland), Lallemand Inc. (Canada), Lonza (Switzerland), Winclove Probiotics (Netherlands) |
| Market Opportunities |
|
Market Definition
Probiotics are bacteria and yeast that help maintain a healthy microbial balance in the intestines of humans and animals. It promotes the body's digestive juices and enzymes, assuring appropriate digestion. Probiotics protect good bacteria from dangerous bacteria. Currently, probiotics are being used to treat mental problems and digestive and neurological disorders. They also enhance the immune system, protect proteins and lipids from oxidative damage, and remove infections in the body.
Global Probiotics Market Dynamics
Drivers
- Increasing Adoption of Probiotics in Food and Beverage
Probiotics are widely used as a supplement form in food and beverages and offer health benefits to the human digestive system. For instance, in 2021, according to a survey performed by Habit Health and Nutrition which is an India-based nutrition tech company, people want to make eating healthy necessary to increase their physical and mental health. More than 70% of people prioritize dietary adjustments to enhance their health and immunity and decrease stress and anxiety. Thus, the growing inclination of customers toward healthy foods boosts the growth of the probiotics market.
- Higher Technological Advancements in Probiotics
Technological advancements have a major trend gaining popularity in the probiotic market. Several market players operating in the probiotics sector are primarily focused on evolving new technological solutions to enhance probiotic products' quality and life cycle. For instance, Cosmax NBT, a South Korea-based probiotics company, launched Zeta probiotics technology in 2021, which will help preserve freeze-dried probiotics. This technology is a uniquely engineered freeze-drying technique that repairs probiotics' cell walls and surface charges. Thus, this factor boosts market growth.
Opportunities
- Growing Acquisitions Associated with Probiotics
An increasing number of acquisitions have led to the market's growth. For instance, Novozymes, a Denmark-based biological solutions company, acquired Microbiome Labs for $125 million in 2021. Novozymes will be able to increase its product portfolio and position itself in the probiotics market due to this acquisition. Also, Microbiome Labs is a U.S.-based company that provides probiotic and microbiome solutions. Thus, this factor boosts market growth.
- Increasing Usage of Probiotics in Supermarkets
Supermarkets or hypermarkets are popular sources for purchasing protein-based supplement products because of the accessibility of shopping and the availability of multiple brands. Numerous consumers who tend to buy probiotics in these retail channels are most likely to be more selective in their approach due to the availability of a wide range of probiotic products. Thus, this leads to the growth of the market.
The investment made in the study would provide you access to information such as:
- Probiotics Market [Global Probiotics Market – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major Probiotics Market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
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