The global market for Probiotics is estimated at US$63.2 Billion in 2023 and is projected to reach US$91.7 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the probiotics market is driven by several factors, including rising health consciousness among consumers, advancements in functional food technologies, and an increasing body of research supporting the health benefits of probiotics. The expanding elderly population, which is more prone to gastrointestinal ailments, also significantly contributes to this demand. Furthermore, the growing fitness and wellness trend globally encourages individuals to adopt healthier diets enriched with functional foods that include probiotics.
Manufacturers are responding by expanding their product ranges to include probiotic-infused goods, such as cereals, snack bars, and even ice cream, making it easier for consumers to incorporate beneficial bacteria into their daily routines. Additionally, improvements in product formulation that increase the viability of bacteria strains in shelf-stable products are helping drive sales in non-refrigerated segments. The global expansion of distribution channels, particularly online platforms where consumers seek out premium health-oriented products, also plays a crucial role. Together, these factors ensure robust growth and continual innovation within the probiotics market, as it becomes increasingly integrated into the preventative health movement.
The growth in the probiotics market is driven by several factors, including rising health consciousness among consumers, advancements in functional food technologies, and an increasing body of research supporting the health benefits of probiotics. The expanding elderly population, which is more prone to gastrointestinal ailments, also significantly contributes to this demand. Furthermore, the growing fitness and wellness trend globally encourages individuals to adopt healthier diets enriched with functional foods that include probiotics.
Manufacturers are responding by expanding their product ranges to include probiotic-infused goods, such as cereals, snack bars, and even ice cream, making it easier for consumers to incorporate beneficial bacteria into their daily routines. Additionally, improvements in product formulation that increase the viability of bacteria strains in shelf-stable products are helping drive sales in non-refrigerated segments. The global expansion of distribution channels, particularly online platforms where consumers seek out premium health-oriented products, also plays a crucial role. Together, these factors ensure robust growth and continual innovation within the probiotics market, as it becomes increasingly integrated into the preventative health movement.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Bacteria-based Probiotics segment, which is expected to reach US$70.8 Billion by 2030 with a CAGR of a 5.1%. The Yeast-based Probiotics segment is also set to grow at 6.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $17.0 Billion in 2023, and China, forecasted to grow at an impressive 9.0% CAGR to reach $20.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Probiotics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Probiotics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Probiotics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BioGaia AB, Bright Food (Group) Co., Ltd., China-Biotics Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 226 Featured):
- BioGaia AB
- Bright Food (Group) Co., Ltd.
- China-Biotics Inc.
- Chobani, LLC
- Chr. Hansen Holding A/S
- DuPont Nutrition & Health
- Garden of Life LLC
- General Mills
- Groupe Danone SA
- Gujarat Cooperative Milk Marketing Federation (AMUL)
- Hangzhou Wahaha Group
- Kirkman Group
- Meiji Holdings Co., Ltd.
- Natren, Inc.
- Nestlé S.A.
- Probi AB
- Renew Life
- Seven Seas Ltd.
- Valio Ltd.
- Yakult Honsha Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- BioGaia AB
- Bright Food (Group) Co., Ltd.
- China-Biotics Inc.
- Chobani, LLC
- Chr. Hansen Holding A/S
- DuPont Nutrition & Health
- Garden of Life LLC
- General Mills
- Groupe Danone SA
- Gujarat Cooperative Milk Marketing Federation (AMUL)
- Hangzhou Wahaha Group
- Kirkman Group
- Meiji Holdings Co., Ltd.
- Natren, Inc.
- Nestlé S.A.
- Probi AB
- Renew Life
- Seven Seas Ltd.
- Valio Ltd.
- Yakult Honsha Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 283 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 63.2 Billion |
| Forecasted Market Value ( USD | $ 91.7 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
