Probiotics Market Size
Global Probiotics Market reached USD 62.4 billion in 2022 and is expected to reach USD 108.0 billion by 2031 and is expected to grow with a CAGR of 7.1% during the forecast period 2024-2031. One trend in the probiotics market is the increasing popularity of probiotics in non-dairy and plant-based products.
For instance, brands like GoodBelly and GT's Living Foods offer probiotic-rich beverages made from coconut water, almond milk, and other plant-based sources.
The desire for preventative healthcare and gut health products has made the probiotics market a booming segment of the food and beverage industry. Probiotics provide a secure and practical solution to boost gut health, which customers are looking for in natural and efficient ways. yogurt, vitamins, and fermented foods are rich in probiotics. Probiotics are becoming increasingly popular, which has fueled research and development in the field and resulted in a continuous flow of innovative products.
One of the key drivers in the probiotics market is the increasing health consciousness among consumers. For instance, mindbodygreen's probiotic+ is a unique blend of four strains, clinically tested for gut health, offering added benefits like regularity, bloat relief, and weight management. With 30 servings and 32 billion CFUs, it's a shelf-stable option.
Market Summary
| Metrics | Details |
| CAGR | 7.1% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | By Ingredients, Application, Distribution Channel, and By Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Probiotics Market Driven by Growing Demand for Gut Health and Wellness
Consumption of live microorganisms “Probiotics” for health benefits and well-being is increasing worldwide. Their use as a therapeutic approach to confer health benefits has fascinated humans for centuries. Probiotics as useful microbes to favorably improve human gut health, replacing harmful microbes, thereby boosting human health. The most common species used in probiotics research and development belong to Lactobacillus spp. and Bifidobacterium spp., and Saccharomyces.
NEC is the scourge of premature infants and neonatologists. It affects 5% to 10% of infants with birth weights between 500 and 1500 g, and approximately 50% of these infants require surgery. Mortality rates range from 20% to 30%, and NEC is the leading cause of short bowel syndrome in children. There have been at least 3 meta-analyses showing that probiotics prevent NEC.
Increasing Probiotics Usage in the Personal Care and Cosmetic Industry Fuels Probiotics Market Growth
Probiotics are used in personal care products, specifically for oral, skin, and intimate care. The cosmetic industry has ventured into this space by focusing its efforts on skincare. The majority of the companies are targeted for skincare, although some are for deodorant and hair care. The most common claims are geared towards “balancing” the skin microbiome, improving the skin barrier, and enhancing the skin’s overall appearance.
There are numerous studies providing evidence of the benefits of specific probiotic strains for skin health. In addition, the mechanisms of anti-ageing suggest strains can help to regulate pH, reduce oxidative stress, protect from photoaging, and improve skin barrier function. Due to safety concerns, cosmetic products are expected to have a low content of microorganisms (below 500 colony forming units (CFU)/g for eye-area products and 1000 CFU/g for the rest). However, the cosmetic industry needs to be consistent and transparent in its labeling practices and direct efforts to generate more scientific evidence before making claims.
Lack of Regulatory Oversight and Standardization a Key Restraint in the Probiotics Market
One major restraint of probiotics is the lack of regulatory oversight and standardization. The absence of consistent regulations and quality control measures in the probiotics market leads to variations in product quality, efficacy, and safety. This makes it challenging for consumers to make informed choices and raises concerns about false claims and substandard products. Additionally, the limited scientific evidence and inconsistent clinical trials hinder the establishment of clear guidelines for probiotic usage.
The lack of standardized testing methods further contributes to the uncertainty surrounding the viability and potency of probiotics. Addressing these restraints through robust regulations, quality control standards, and increased scientific research is crucial to ensure the reliability and safety of probiotics and to provide consumers with trustworthy products for their health and well-being.
Market Segment Analysis
The global probiotics market is segmented based on ingredients, application, distribution channel, and region.
Diverse Applications of Probiotic Bacteria Fueling Market Growth
The global probiotics market has been segmented by ingredients into bacteria and yeast. The most common probiotics are members of the Lactobacillus and Bifidobacterium genera. Also, probiotic strains from other bacterial species (e.g., Streptococcus thermophilus, and Escherichia coli) and certain yeasts (e.g., Saccharomyces boulardii) qualify as probiotics. In dairy fermentation, lactic acid production by probiotic bacteria plays a crucial role in the preservation of the food, preventing food spoilage and the proliferation of pathogens
probiotic bacteria can be used to cure depression by enhancing beneficial bacteria populations which further improves mood through the gut-brain axis. Probiotic bacteria also alter the tight junction protein that forms a seal between adjacent epithelial cells near apical surfaces, probiotic bacteria interact with epithelial cells through TLR1/TLR2 and induce an increase in downstream signaling that are involved in immune response, and other processes like cell-proliferation, pro-inflammatory cytokines productions, and differentiation.
Market Geographical Share
The North America Region Held the Largest Share of Probiotics Market.
The Probiotics market in North America holds the largest market share of the global Probiotics market, contributing to its significant size. Probiotics, known for their beneficial bacteria and live cultures, provide a range of advantages, including the prevention and treatment of disorders such as lactose intolerance and inflammatory bowel disease. The probiotics market size in this region is driven by factors like increasing health consciousness, easy access to probiotic supplements, and manufacturers' introduction of innovative products.
Personalized probiotic supplements, tailored to individual needs, are gaining popularity as consumers become more aware of the specific probiotic content required. To cater to diverse consumer preferences, various delivery formats such as liquids, capsules, and powders are being introduced in the market, further fueling the growth of the probiotics market share.
Probiotics Major Players
The major global players in the market include Koninklijke DSM N.V., Evolve BioSystems, Inc., Nature's Bounty Co., Lifeway Foods, Inc., Danone S.A, Yakult Honsha Co., Ltd., BioGaia AB, CHR. Hansen Holding A/S, Lallemand Inc., and The Procter & Gamble Company.
BASF SE is a chemical company. The company is divided into six business segments including oil and gas, functional solutions, performance products, chemicals, plastics and agricultural solutions. They combine material achievement with civic engagement and environmental protection. The company is known for its innovation, research and development capabilities, and commitment to sustainability. In the Agricultural Solutions segment the company provides crop protection products (herbicides, fungicides, and insecticides), seeds (including hybrid rice seeds) and agricultural services. The company has a strong presence in key markets, including Europe, North America, Asia-Pacific, and Latin America.
COVID-19 Impact on Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The COVID-19 pandemic impacted the probiotics market, with the increased focus on health and immunity leading to increased demand for immune-supporting products. However, challenges like supply chain disruptions, lockdown measures, and economic factors impacted accessibility and demand. The market's growth is expected in the post-pandemic period, driven by growing awareness of health and wellness benefits and supply chain recovery.
Key Developments
- On January 27, 2021, Wellbeing Nutrition (WBN), India's leading organic plant-based nutrition company launched the plant-based and clinically-studied Probiotic + Prebiotic, the answer to all gut problems.
- On February 18, 2021, Probiotics company Probi and over-the-counter health and wellness player Perrigo signed a semi-exclusive agreement to bring premium probiotic digestive and immune health concepts to 14 European countries. Perrigo launched three probiotic products as dietary supplements based on Probi’s scientific-backed probiotic strains under the agreement.
- On June 25, 2020, Novozymes announced that it has acquired PrecisionBiotics Group Limited. Based in Cork, Ireland, PrecisionBiotics Group holds a leading position within probiotics for human gut health and is well-positioned with several clinically backed products already in the market.
Why Purchase the Report?
- To visualize the global Probiotics market segmentation based on ingredient, application, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of probiotics market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global probiotics market report would provide approximately 61 tables, 62 figures, and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
