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Probiotics Market Share

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

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Probiotics Market Share

Probiotics Market Company Market Share, (2023)

The market demand for probiotics is heavily influenced by the efforts of companies dedicated to this field. Companies invest heavily in research and development to develop new and effective probiotic products. These efforts include the identification and development of specific probiotic strains targeting a variety of health issues, such as digestive disease, immunity, and metabolic conditions.

Companies are increasing the availability and attractiveness of products through various products such as yogurt, drinks, capsules, and gummies. Marketing strategies that emphasize the science-backed benefits of probiotics also appeal to consumers. Collaborations with healthcare providers further increase trust and demand. This joint effort by the companies is critical in expanding the market and meeting the growing consumer demand for health and wellness solutions.

Probiotics Market Companies

Major companies operating in the probiotics industry competitive landscape include:

Bright Dairy
I-HEALTH INC
Wecare Probiotics Co., Ltd.
Mother Dairy Fruit & Vegetable Private Limited
UAS Laboratories
Nestle S.A.
Probi AB
Yakult Honsha Co., Ltd.
Kerry Group
Morinaga Milk Industry Co. Ltd.
Kemin Industries
BioGaia AB
Beijing Smile Feed Sci. & Tech. Co., Ltd.
Shandong Baolai-Leelai Bio-Industrial Group
Cangzhou Tianrunwanwu Biotechnology Co., Ltd.
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.
Adisseo

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.