Probiotics Market to Observe Prominent CAGR Growth of 8.6% by 2030,Trends, Demand, Growth, Challenges and Competitive Outlook
Probiotics Market report is an excellent report that makes it possible to the HEALTHCARE industry to take strategic decisions and achieve growth objectives. HEALTHCARE industry can be highly benefited with this market research report which brings market and competitive landscape clearly into the focus and help make better decisions. In this business document, market segmentation has also been performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. Expert solutions combined with potential capabilities make Probiotics Market survey report outperforming for the HEALTHCARE industry.
The consumption of healthy food among people has been minimized due to the busy, contemporary lifestyle, and many times. It can cause gastrointestinal discomfort and infection in other body regions. Consequently, the consumption of probiotics has increased. The probiotic food and beverages segment led the market growth to a great extent globally in 2021. The increasing awareness associated with preventive healthcare is anticipated to enhance the market growth over the forecast period.
Data Bridge Market Research analyses that the probiotics market, which was USD 66.3 billion in 2022, would rise to USD 128.38 billion by 2030 and is expected to undergo a CAGR of 8.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:
Probiotics are bacteria and yeast that help maintain a healthy microbial balance in the intestines of humans and animals. It promotes the body’s digestive juices and enzymes, assuring appropriate digestion. Probiotics protect good bacteria from dangerous bacteria. Currently, probiotics are being used to treat mental problems and digestive and neurological disorders. They also enhance the immune system, protect proteins and lipids from oxidative damage, and remove infections in the body.
Drivers
- Increasing Adoption of Probiotics in Food and Beverage
Probiotics are widely used as a supplement form in food and beverages and offer health benefits to the human digestive system. For instance, in 2021, according to a survey performed by Habit Health and Nutrition which is an India-based nutrition tech company, people want to make eating healthy necessary to increase their physical and mental health. More than 70% of people prioritize dietary adjustments to enhance their health and immunity and decrease stress and anxiety. Thus, the growing inclination of customers toward healthy foods boosts the growth of the probiotics market.
- Higher Technological Advancements in Probiotics
Technological advancements have a major trend gaining popularity in the probiotic market. Several market players operating in the probiotics sector are primarily focused on evolving new technological solutions to enhance probiotic products’ quality and life cycle. For instance, Cosmax NBT, a South Korea-based probiotics company, launched Zeta probiotics technology in 2021, which will help preserve freeze-dried probiotics. This technology is a uniquely engineered freeze-drying technique that repairs probiotics’ cell walls and surface charges. Thus, this factor boosts market growth
Recent Development
- In 2021, Probi AB and Competence Centre on Health Technologies entered into a long-term R&D collaboration agreement (CCHT). It aims to generate several new products for women’s health based on probiotic lactobacilli strains.
Some of the major players operating in the probiotics market are:
- Yakult Honsha Co., Ltd (Japan)
- Nestlé (Switzerland)
- DuPont (U.S.)
- MORINAGA & CO., LTD (Japan)
- Protexin (U.K.)
- Danone (France)
- Deerland Probiotics and Enzymes, Inc. (U.S.)
- Goerlich Pharma GmbH (Germany)
- SANZYME BIOLOGICS PVT. LTD (India)
- DSM (Netherlands)
- NutraScience Labs (U.S.)
- Kerry Group plc (Ireland)
- Lallemand Inc. (Canada)
- Lonza (Switzerland)
- Winclove Probiotics (Netherlands)
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What to Expect from the Report, a 7-Pointer Guide
- The Probiotics Market report dives into the holistic Strategy and Innovation for this market ecosystem
- The Probiotics Market report keenly isolates and upholds notable prominent market drivers and barriers
- The Probiotics Market report sets clarity in identifying technological standardization as well as the regulatory
- framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
- The Probiotics Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
- A thorough market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability
Global Probiotics Market Scope
Form
- Liquid
- Dry
Ingredient
- Bacteria
- Lactobacilli
- Streptococcus Thermophiles
- Bifidobacteria
- Yeast
- Saccharomyces Boulardii
- Others
Application
- Functional Food and Beverages
- Dairy products
- Non-dairy beverages
- Infant Formula
- Cereals
- Others
- Dietary Supplements
- Tablets
- Capsules
- Powder
- Liquids
- Soft gels
- Animal Feed
Distribution Channel
- Hypermarkets/Supermarkets
- Pharmacies/Drugstores,
- Specialty Stores, Online
End User
- Human
- Animal
Probiotics Market to Observe Prominent CAGR Growth of 8.6% by 2030,Trends, Demand, Growth, Challenges and Competitive Outlook
Table of Contents:
1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Probiotics Market: Regulations
6. Market Overview
7. Probiotics Market, By Form
8. Probiotics Market, By Application
9. Probiotics Market, By End User
10. Probiotics Market, By Region
11. Probiotics Market: Company Landscape
12. SWOT Analyses
13. Company Profile
14. Questionnaires
15. Related Reports
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-probiotics-market
Probiotics Market Regional Analysis/Insights
The probiotics market is analyzed and market size insights and trends are provided by form, ingredient, application, distribution channel and end user as referenced above.
The countries covered in the probiotics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the probiotics market because of the increasing consumer awareness due to huge competitive strategies in this region. Also, the regional market players are investing in R&D to manufacture new products for consumers of different ages and genders.
Asia-Pacific is expected to witness significant growth due to increased investments from different manufacturers in this region’s food and beverage and pharmaceutical industries. Also, the increasing population, along with the increasing disposable income and enhancing the standard of living, is anticipated to boost regional market growth.
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