Probiotics Market size to exceed $5.5Bn by 2032

Probiotics Market size is expected to exceed USD 5.5 billion by 2032, according to a recent research report announced by Global Market Insights Inc.
 

Soaring consumption of meat and increasing awareness associated with antibiotics as the chief drivers of the probiotics market. In addition, the rise in demand for bakery products around the world is also benefitting the industry dynamics. As consumers prefer high-quality baked products with health & wellness-related attributes, the incorporation of probiotic strains to enhance the value of the end product has risen dramatically.  For instance, the Europe bakery product market was valued at over USD 140 billion in 2020.
 

Mounting requirement of preventive health care to increase bacillus segment share

With respect to ingredients, the study categorizes probiotics market into lactobacilli, Bifidobacterium, streptococcus, bacillus, and others. The bacillus probiotics segment valued at over USD 150 million in 2022 and is poised to expand at around 9% CAGR over the next 10 years. The surging demand for preventive health care solutions is set to fuel the demand for bacillus probiotics in functional food products such as fortified oats & cereals. The bacillus form spores that ensure survival in an extremely acidic gastric environment and deal with the gut-associated lymphoid tissue efficiently.
 

Growing awareness regarding animal health to push use of animal probiotics

The report cites heavy demand for listeria, especially in animal probiotics. Probiotics market size from the animal probiotics segment was worth more than USD 200 million in 2022 and is foreseen to depict over 8% CAGR through 2023-2030. These probiotics are widely used in swine, poultry, and ruminant nutrition as are highly effective for intestinal morphology and gut balance throughout the production cycle. Furthermore, the significant spread of knowledge related to animal health among breeders and the mounting demand for quality wool, meat, and other animal-based products is stimulating the industry outlook.
 

Browse key industry insights spread across 328 pages with 372 market data tables and 46 figures & charts from the report “Probiotics Market Size By Ingredients (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), By End-Use (Human, Animal), By Application (Food and Beverages {Dairy Products, Non-Dairy Products, Cereals, Baked Food, Fermented Meat Products, Dry Food}, Dietary Supplements {Food, Nutritional, Specialty Nutrients, Infant Formula}, Animal Feed), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/probiotics-market
 

High risks of antibiotics to augment demand for probiotics in animal nutrition

The utilization of probiotics for the fulfillment of animal nutrition is likely to remain high in the coming years. The probiotics market by animal nutrition application segment is primed to exhibit over 8.5% CAGR through 2032. The substantial use of probiotics for livestock animals to improve their gut health and the immune system is one of the factors pushing segment growth. The segment growth is expected to be driven by strong risks associated with antibiotics and the ability to resist pathogenic bacteria, improving animal performance & immunity system and reducing enteric livestock disease.
 

Europe to witness high demand for probiotics dietary supplements amid favorable regulations

Europe probiotics market size is projected to record more than USD 1.5 million by the end of 2032. The region is emerging as a major revenue hub owing to favorable government regulations, increasing consumption of probiotics dietary supplement, and prevention and treatment of diseases such as inflammatory bowel disease and lactose intolerance, thereby pushing the regional market growth. Furthermore, the growing demand for meat is also stimulating probiotics demand in the region.
 

Strategic mergers and R&D to remain primary expansion tactics

Strategic landscape of the probiotics market is slated to witness a sequence of growth mergers and collaborations among industry players and pharmaceutical companies, along with new product launches to aid in maintaining a competitive edge in the market. For instance, in July 2022, BioGaia AB, a probiotics provider, introduced its new probiotics supplement for normal analgesics among children called, BioGaia Pharax. Some participants in the probiotics industry players included in the report are Danone, General Mills Inc, DuPont Danisco, I-Health Inc, and Nestle S.A., among others.