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Probiotics Market Trends

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

Probiotics Market Trends

The probiotics industry is witnessing a remarkable trend driven by increasing research on their use in animals and pets. Studies suggest that probiotics can significantly enhance pet health and well-being, resulting in better digestive health, immune function, and overall energy. This has propelled the demand for probiotic supplements designed specifically for animals such as dogs, cats, and livestock. Pet owners are increasingly looking for natural preventive health solutions and are looking at probiotics as a critical component of their pet’s diet.
 

This trend is reflected in the livestock industry, where probiotics are being introduced into animal feed to promote gut health, increase growth, and reduce the need for antibiotics. Transition to sedentary farming practices and health care further supports this trend. Innovations in the manufacturing and distribution of probiotics, such as capsules, powders, and liquids, have made these products more accessible and attractive. As a result, the probiotics market for animals is poised for growth, reflecting broader consumer trends toward comprehensive preventive health care.
 

Citing an instance, in January 2024, researchers identified two types of probiotic strains that can help obese dogs lose weight. The study, published in the American Society for Microbiology journal Microbiology Spectrum, aimed to prevent metabolic diseases in companion animals and identify probiotics suitable for long-term safe use.

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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