Probiotics Market Size Anticipated to Reach USD 165.1 billion by 2035

Probiotics Market Growth is anticipated at a CAGR of 8.0%; Market Value to Reach USD 165.1 billion by 2035 | Roots Analysis

According to a recently published report by Roots Analysis, the growing health awareness and the shift towards prophylactic treatments for overall well-being are driving the probiotics market growth.

Probiotics Industry Overview

The global probiotics market size is expected to reach over USD 165.1 billion by 2035, growing at a CAGR of 8.0% during the forecast period.

Probiotics are live microbial strains (bacterial or yeast) that, upon consumption, help restore balance and maintain symbiosis within the gut microbiome in both humans and animals. In addition, these strains confer metabolic and immune-modulating effects in humans that can help prevent a range of health issues, including inflammatory bowel diseases, obesity, food allergies, diabetes, eczema, and even cancer. As a result, the healthcare industry is increasingly focused on exploring the therapeutic potential of probiotics, especially for infants. In order to cater to the growing demand for probiotic products, the industry stakeholders have been actively engaged in providing these products in various formats, such as regular foods and beverages, probiotic dietary supplements, infant formulas and animal feed.

In fact, considering the better clinical outcomes of probiotics in addressing specific health needs (such as women’s health, mental well-being, oral health, and bone health), site-specific strains are being used to develop specialty supplements (in forms like capsules, powders and pills). This trend, coupled with regulatory support for health claims on probiotics and a growing focus on healthier lifestyles, is poised to drive significant growth in the probiotic industry.

Browse 120+ figures and 90+ market data tables spread across 170+ pages and detailed Table of Content on “Probiotics Market by Type of Probiotic, Type of Food and Beverage, Type of Probiotic Dietary Supplement, Type of Ingredient, End User, Target Human Population, Distribution Channel, Geographical Regions and Leading Players: Industry Trends and Global Forecasts, till 2035” here: https://www.rootsanalysis.com/reports/probiotics-market.html

Market Drivers

Several factors are propelling the probiotics market growth. One of these factors is the growing interest of people in maintaining their overall health and wellness. This has resulted in wider recognition and consumption of probiotic foods and beverages, across various geographies. Through effective consumer education and targeted advertising, health-conscious individuals across all age groups are increasingly incorporating probiotic dietary supplements (including nutritional supplements) in their daily routines. Interestingly, some developed geographies are actively focused on preventive healthcare, which has resulted in a widespread popularity of probiotics in order to enhance the immunity and support the gut health (particularly in case of children and immuno-compromised individuals). As a result, the market is expected to witness a notable surge in the foreseeable future.

Market Restraints

While the probiotics market is experiencing substantial growth, it is not without its challenges. One of the primary restraints is the limited awareness around specialized probiotic supplements tailored to address specific health conditions, such as mental health, women health, oral health and allergic disorders. Additionally, the high costs and complexity associated with probiotic production, ranging from strain selection to final formulation, appears as a bottleneck in the probiotic industry. The need for rigorous quality control checks throughout the production process further compounds these challenges, posing an additional bottleneck for the probiotic developers.

Growth Factors

Despite these challenges, several growth factors continue to drive the market forward. One notable factor is the rapid expansion of the functional foods and beverages industry, particularly following increased health awareness since the pandemic. Such growing inclination is anticipated to enormously expand the consumption of probiotic-based foods and beverages. Additionally, the promising potential of combining the probiotics with prebiotics / fibers have enhanced research effort within the industry, opening new avenues for product innovation. The untapped potential in developing regions also present lucrative opportunities for expanding probiotic applications. Moreover, a rising demand for probiotics as a means to support health and nutrition is further driving the overall probiotics market growth.

Probiotics Market Segments

Based on the Type of Probiotic, the market is segmented into foods and beverages, probiotic dietary supplements, animal feed and other probiotics

• The foods and beverages segment is likely to capture the largest revenue share of ~80% in the probiotics market, by 2024.
• The probiotic dietary supplements segment is expected to show an annual growth rate of 8.9%, during the forecast period.

Based on the Type of Food and Beverage, the market is segmented into fermented foods, beverages, dry foods, and other foods and beverages

• The fermented foods segment is likely to capture the largest revenue share of ~35% in the probiotics market, by 2024.
• The fermented foods segment is expected to show an annual growth rate of 8.3%, during the forecast period.

Based on the Type of Food and Beverage Product, the market is segmented into dairy products and non dairy products

• The dairy product segment is likely to capture the largest revenue share of 80% in the probiotics market, by 2024.
• The non dairy product segment is expected to show an annual growth rate of 9.0%, during the forecast period.

Based on the Type of Probiotic Dietary Supplement, the market is segmented into nutritional supplements, specialty supplements, infant formula and other probiotic dietary supplements

• The nutritional supplements segment is likely to capture the largest revenue share of ~60% in the probiotics market, by 2024.
• The infant formula segment is expected to show an annual growth rate of 9.7%, during the forecast period.

Based on the Type of Ingredient, the market is segmented into bacteria and yeast

• The bacteria segment is likely to capture the largest revenue share of ~90% in the probiotics market, by 2024.
• Moreover, the bacteria segment is expected to show an annual growth rate of 8.1%, during the forecast period.

Based on the End User, the market is segmented into humans and animals

• The probiotics for humans is likely to capture the largest revenue share (~95%) in the overall probiotics market, in 2024.
• Moreover, the human segment is expected to show an annual growth rate of 8.1%, during the forecast period.

Based on the Target Human Population, the market is segmented into adults and children / infants

• The probiotics for adults is likely to capture the largest revenue share (~80%) in the overall probiotics market, in 2024.
• The children / infants segment is expected to show an annual growth rate of 9.0%, during the forecast period.

Based on the Distribution Channel, the market is segmented into hypermarkets / supermarkets, pharmacies / drug stores, specialty stores, online stores, and other distribution channels

• The hypermarkets / supermarkets is likely to capture the largest revenue share of 45% in the probiotics market, by 2024.
• The online stores segment is expected to show an annual growth rate of 8.8%, during the forecast period.

Based on Regional Insights, the market is segmented into North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America

• Asia-Pacific dominated the probiotics market and accounted for the largest revenue share (over 45%) in the current year.
• In the Middle East and North America, the probiotics market is anticipated to demonstrate lucrative growth during the forecast period.

Key Companies Profiled

The market report also includes profiles of key players (listed below, alphabetically) that are engaged in probiotics domain:

• AB-BIOTICS
• ADM
• Arla Foods
• BioGaia
• Danone
• General Mills
• IFF
• i-Health
• Kerry
• Lallemand
• Lifeway Foods
• Meiji
• Morinaga Milk
• Mother Dairy
• Nestlé
• Novonesis
• Probi
• Velbiom
• Winclove Probiotics
• Yakult Honsha

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