At 8.4% CAGR, Probiotics Market Size is Expected to Reach USD 108.16 Billion to 2028 By Globally, says Brandessence Market Research

Posted by Hipther Artificial Intelligence 2 years Ago

 

The Probiotics Market size reached USD 61.50 Billion in 2021. The Probiotics Market is growing at robust CAGR of 8.4%, and reach size of USD 108.16 Billion by end of Forecast 2028 Research Report Published by Brandessence Market Research.

Increasing demand of dietary supplements coupled with a preference towards healthy foods probiotics for immunity boosting, rising geriatric population and growing awareness regarding the health benefits of consuming probiotics amongst consumers are some of the major factors anticipated to drive the growth of Global Probiotic Market.

An unforeseen illness in the world that is the COVID-19 has plagued the world in the last few years and that has affected the market in a positive way as there has been a growth in awareness of the probiotic product. The upsurge in the health concerns as well as the consumer awareness and the demands of the consumers for the probiotics which has been resulting in the increase of the food products and probiotics diary. Further, the available stock in medical health department have been giving consumers a lot of options such as the ice cream, yoghurt and cheese for the consumption of the beneficial bacteria.

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Scope of The Probiotics Market Report:

The global probiotics market has been the one that is expected to see a good amount of growth in the next decade or so. Probiotics are the microorganisms like yeast and bacteria which has helped the animals and humans maintain the balance of intestinal microbial balance. The ingredients of probiotics stimulate the natural enzymes and digestive juices in the body and ensure that the proper functions of digestion are taking place. These may be taken as supplements or orally. Probiotic shields are the healthy organisms which prevent the harmful ones. The products are used for diagnosing mental illness as well as treating the neurological disorders and digestive issues. Also, these strengthen the immune system of humans, protect the proteins and lipids from damages and reduce the body pathogens.

There is an increase in the preferences of the consumers towards the natural products and that has to act as a big factor that will play in the favor of the global market growth. The growing concern that the consumers have towards the healthcare and the effectiveness of this bacteria which has been proven are expanding the global market. The probiotics demand has been expected to see an increase because of an exponential growth in functional food consumption which further provides the basic nutrition and can potentially improve the health.

The Probiotics  major companies

  • Nestle S.A.
  • Yakult Honsha Co. Ltd.
  • Protexin
  • Danone
  • Chr. Yakult Honsha Co. Ltd.
  • Probi AB, Inc.
  • Nestle S.A.
  • Hansen Holding A/S
  • E. I. du Pont de Nemours and Company
  • Bio Gaia AB
  • Lifeway Foods
  • Ganeden, Inc.

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Segmentation Analysis:

As per the segmentation of the probiotics market analysis, this market has been segmented into the application, function, ingredient, region and end user. In terms of ingredient the global market has been categorized into yeast and bacteria. On the basis of functionality, this market has been segmented into preventive, therapeutic and regular healthcare. In terms of application, this market has been segmented into dietary supplement, food and beverage as well as animal feed. In terms of end users, it has been segmented into the animal and human segment.

In terms of ingredient, bacteria segment has been gaining the biggest share in the market because of the surging demand for the probiotics which are bacteria derived. On the basis of function, the segment of the preventive healthcare has been leading the market which the biggest share in the coming years. This has been due to the growing issues in health and the marketing investments in research and development. On the basis of application, it is the dietary supplements which has been the segment that has been acquiring the top position and the biggest share in the market. This is also because a few manufacturers have been adding different forms of dietary fibers along with other products. In terms of the end users, the human segment has been doing well as there is a drive to keep the gut healthy that has grown the demand in the market. In terms of region, the probiotics market size has grown in the Asia pacific region and there is going to be further growth in the market as the population becomes more conscious.

By Application:

  • Food & Beverages
  • Dietary Supplements
  • Animal Feed

By Function:

  • Regular
  • Preventative Healthcare
  • Therapeutic

By Ingredient:

  • Bacteria
  • Yeast

By End-Use:

  • Human Probiotics
  • Animal Probiotics

Key Benefits:

A lot of people in the world today are suffering from digestive issues, obesity, vaginal infections, gastrointestinal infections as well as other ailments. Taking these things in contention, the global market has been expected to grow as the demand for the treatment of these illnesses comes in probiotics market. There is also a great increase in the health concerns of people and it is only going to grow in the coming years. Probiotics ingredients market will also consequently grow.

A lot of the consumers who are not aware of the benefits of the probiotics are restraining the global market. There are many publications which the organizations are trying to come out with to raise the awareness levels of people towards the probiotic consumption. This has been coupled with the research and development that has been done by the companies to meet the needs of the industry and be competitive in the global market. There is huge investment which can be expected in future for the improvement of quality of these products. Probiotic market size will grow as a result in the near future.

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Recent Development:

Indian Scientists Developed Next-Generation Probiotic That Provides Hope for Longevity, Healthy Ageing

On February 11th, 2022; A team of scientists at the Institute of Advanced Study in Science and Technology (IASST), Guwahati, an autonomous institute of the Department of Science & Technology, Govt. of India recognized the next-generation probiotic bacterium Lactobacillus Plantarum JBC5 from a dairy food product that showed great promise in promoting healthy ageing. The team has also developed a yogurt using this probiotic bacterium which may be consumed to derive of these health benefits. The recent advances in life science have increased anticipation and have led to the rapid climb of the aging population. The scientists found the next-generation probiotic bacterium Lactobacillus Plantarum JBC5 from a foodstuff that shows great promise in promoting healthy aging on a model organism called Caenorhabditis Elegans a free-living, transparent nematode living temperate soil environments.

Probiotics Market Demand:

The global probiotics market growth can be directly said to be proportional to the increase in favorable support by governments and increase in consumer spending; that is a big factor which has been driving the growth of this market. The surge in this demand for the product among the conscious consumers is driving the growth of the probiotics market.

There is a dearth of proper regulations in this industry and that has been expected to impede the growth of the market. Further, the probiotics have a need for storing it properly as they are organisms which can be weakened easily as they are highly sensitive to many external factors. Further, a lot of these probiotics are not stable at the room temperature and these are factors which cause hindrance to the growth of the global market.

The geriatric population and the constant awareness strategies of companies to make people aware of the probiotic health benefits has been expected to drive the growth and opportunities significantly. There is a further rise in the working women population and increase in the spend of the food products has been touted to grow the overall probiotics market share.

On Special Requirement Probiotics Market Report is also available for below region:

North America

  • U.S, Canada

Europe

  • Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe

Asia-Pacific

  • South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC

Latin America

  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America

Middle East and Africa

  • Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

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