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Probiotics Market Analysis

  • Report ID: GMI418
  • Published Date: Jun 2024
  • Report Format: PDF

Probiotics Market Analysis

Based on product, the market from the lactobacilli segment is poised to expand at 6.8% CAGR through 2032. Lactobacilli, a special group of beneficial bacteria, are known for their positive effects on digestive health, supporting the immune system, and their ability to prevent conditions such as irritable bowel syndrome (IBS) and lactose intolerance.
 

Also, the increasing focus on health and wellness, in favor of natural health preventive solutions, has further popularized lactobacilli probiotics. The food and beverage industry capitalizes on this demand through food supplements, yogurt, kefir, and capsules containing large amounts of lactobacilli are dispensed. Furthermore, lactobacilli-based probiotics also enhance accessibility, driving market growth.
 

Probiotics Market Revenue Share, By Applications, (2023)

Based on end-use, the probiotics market from the human probiotics segment is slated to observe around 6.9% CAGR till 2032. Probiotics that specifically target the human diet positively impact gut health, activate the immune system, and combat issues such as irritable bowel syndrome (IBS), constipation inflammatory bowel disease (IBD), and constipation management. Users are increasingly incorporating probiotics into their daily routines through supplements, fortified foods, and beverages.
 

Innovations in formulations such as capsules, powders, and ready-to-drink formulations have made probiotics more accessible and attractive. Consequently, the market for probiotics continues to grow as more and more individuals seek to improve their health and well-being with these beneficial microorganisms.
 

North America Probiotics Market Size, 2021 - 2032 (USD Million)

North America probiotics market generated a revenue of USD 571.3 million in 2023, and the growth forecast for 2032 is USD 1.01 billion. Probiotics are recognized to improve digestive health, boost the immune system, and address conditions such as irritable bowel syndrome (IBS) and allergies. The sector's strong focus on preventive healthcare and wellness has further fueled demand in the region.
 

Growing demand for functional foods and supplements also supports the market expansion. In addition to consumers opting for probiotic-rich products such as yogurt, kefir, and nutritional supplements in the form of capsules and gummies, a favorable regulatory environment and huge investments in research and development have bolstered the market. As a result, North America is the leading region in the market, reflecting its commitment to health and wellness.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of probiotics crossed USD 5.56 billion in 2023 and is set to witness 6.9% CAGR from 2024 to 2032, owing to the increasing awareness and research on their health benefits for medical conditions worldwide.

Probiotics industry from the lactobacilli segment is expected to grow at 6.8% CAGR till 2032, due to their positive effects on digestive health, supporting the immune system, and their ability to prevent conditions such as irritable bowel syndrome (IBS) and lactose intolerance.

North America market is poised to reach USD 1.01 billion by 2032, attributed to the growing demand for functional foods and supplements and rising health awareness in the region.

Arla Foods, Inc, Shanghai Novanat Co., Ltd., Chr. Hansen Holding A/S, Danone, DuPont Danisco, General Mills Inc., I-Health Inc., Lallemand Inc., Lifeway Foods, Inc, Xingtai Sinobest Biotech Co.,Ltd, BIOGROWING CO.,LTD., and Adisseo, are some of the major probiotics companies worldwide.

Probiotics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 27
  • Tables & Figures: 418
  • Countries covered: 22
  • Pages: 328
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