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Probiotics Market Size, Share 2022-2027: Industry Forecast, Global Demand, Opportunities and Analysis Report

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Probiotics Market Size, Share 2022-2027: Industry Forecast, Global Demand, Opportunities and Analysis Report

February 02
23:46 2023
Probiotics Market Size, Share 2022-2027: Industry Forecast, Global Demand, Opportunities and Analysis Report
The global probiotics market reached a value of US$ 54.05 Billion in 2021 and is expected to reach a value of US$ 86.44 Billion by 2027, exhibiting a growth rate (CAGR) of 7.70% during 2022-2027.

The latest research study by IMARC Group, “Probiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global probiotics market size. The global probiotics market reached a value of US$ 54.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 86.44 Billion by 2027, exhibiting a CAGR of 7.70% during 2022-2027.

Probiotics are live microorganisms, such as bacteria and yeast, consumed or introduced into the body to cure and prevent numerous health conditions, including diarrhea, constipation, irritable bowel syndrome (IBS), and lactose intolerance. They offer multiple health benefits by maintaining the microbial balance in the body when taken in adequate amounts. They help strengthen the immune system, reduce the risk of type-2 diabetes, enhance digestive health, obtain healthy skin, and improve nutrient absorption and bowel movement by controlling the growth of harmful bacteria in the digestive tract. As a result, probiotics find extensive applications in drugs, beverages, food products, and dietary supplements across the globe.

Global Probiotics Market Trends and Drivers: 

The global probiotics market is primarily driven by the increasing use of preventive healthcare, such as annual check-ups, vaccinations, flu injections, and dietary supplements, due to the widespread prevalence of lifestyle and chronic diseases. Moreover, the rising popularity of strains as an affordable, safe, and natural alternative to pharmaceutical drugs is positively influencing the market growth.

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Additionally, governments of numerous countries are taking favorable initiatives to promote the uptake of probiotics in nutraceuticals and nutricosmetics. Along with this, the increasing adoption of probiotics in infant products has catalyzed market growth. Besides this, the escalating demand for probiotics as an immunity booster to protect against gastrointestinal infections and stimulate the production of natural antibodies is another major growth-inducing factor.

Other factors, including ongoing research and development (R&D) activities, hectic lifestyles, rising urbanization, expanding working population, inflating consumer disposable incomes, and emerging on-the-go food culture, are also anticipated to drive the market further.

Probiotics Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 54.05 Billion

Market forecast in 2027

US$ 86.44 Billion

Growth Rate

CAGR of 7.70% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Key Market Segmentation:

The report has segmented the global home energy management systems market on the basis of ingredient, distribution channel, application form and region.

Breakup by Ingredient:

  • Bacteria
  • Yeast

Breakup by Distribution Channel:

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

Breakup by Application:

  • Food and Beverages
  • Dietary Supplements
  • Animal Feed

Breakup by Form:

  • Dry
  • Liquid

Breakup by Geography:

  • 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

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List of Key Companies Covered in this Market Report:

The major players in the market are Biogaia AB (OTCMKTS: BIOGY), Chr. Hansen Holding A/S, Danone S.A. (OTCMKTS: DANOY), General Mills Inc, i-Health Inc (Koninklijke DSM N.V.), Kerry Group plc, Lallemand Inc., Lifeway Foods Inc, Morinaga Milk Industry Co. Ltd., Nestlé S.A., PepsiCo Inc, Probi (Symrise AG) and Yakult Honsha Co.Ltd.

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

About IMARC Group:

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.

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