The global probiotics market is anticipated to grow at a considerable CAGR of 5.9 % during the forecast period (2022- 2028). Probiotics are microorganisms such as bacteria and yeast that assist humans and animals by maintaining intestinal microbial balance. The rise in the consumer preference for natural products is anticipated to drive the market over the forecast period. Furthermore, growing concerns about preventive health care and the effectiveness of probiotic bacteria on health are inclining among the population. For instance, probiotics assist in the digestion process along with numerous health benefits such as boosting immunity, maintaining gut health, weight management, and many others. In April 2020, Probi reported a considerable surge in sales of its products that was a result of increased interest in immunity products from the consumers. Therefore, increasing concern about health care is anticipated to drive the probiotics market during the forecast period.
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The COVID-19 pandemic has positively impacted the global probiotics market owing to the key role of probiotics in the immune health system. The probiotics were considered as an effective supplementary method for tackling the virus. For instance, Yakult Honsha reported that the sale of its branded probiotics products increased by 11.5 % in March and 10.3% in April 2020. Additionally, Meji Holdings announced that its probiotic products have experienced a positive growth rate of 7.4% in March 2020. However, owing to restrictions and lockdowns, the supply chain disrupted the manufacturers of consumer food and beverage products declining the overall consumption. For instance, Yakult reported a drop in sales in the first two months of 2020 owing to the trade restrictions and lockdowns.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Probiotics Market Report Segment
By Type
- Bacteria
o Lactobacillus
o Streptococcus
o Bifidobacterium
- Yeast
o Saccharomyces
o Boulardi)
By Application
- Human Probiotics
o probiotics food & beverages
o probiotics dietary supplement
- Animal Feed Probiotics
Global Probiotics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global probiotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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