Press Release

Probiotics Market Share, Size, Trend, Demand, Analysis by Top Leading Player and Forecast Till 2027

Probiotics Market Analysis, Development, Revenue, Future Growth and Forecast to 2027

According to the report published by Fortune Business Insights™, The global probiotics market is expected to showcase considerable growth by reaching USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027.

The increasing demand for healthy probiotics fortified food products and the growing adoption of technology by the companies is attributed to the growth of the market. This information is published by Fortune Business Insights, in its latest report, The research further mentions that the market stood at USD 48.88 billion in 2019.

 

Increasing Consumption of Healthy Food Products amid COVID-19 to Stoke Demand

To mitigate the risk of the novel coronavirus, people are consuming a healthy and balanced diet. The increasing demand for immunity-boosting products such as probiotics that enhance gut health and improve overall health is expected to bode well for the growth of the market in the near future.

Probiotics are healthy yeasts and bacteria that aid in the overall development of the digestive system that keep the gut healthy. Some of these extensively adopted supplements are Bifidobacterium, Lactobacillus, and Saccharomyces that enable several health benefits when consumed regularly. Apart from the enhanced gut, they aid in reducing depression and promote healthy heart functioning amongst the consumer. They are generally added to food products such as yogurt and are considered as an immunity-boosting product across the globe.

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MAJOR DRIVING FACTORS

Increasing Consumption of Immunity Boosting Food Products to Spur Demand

The increasing prevalence of lifestyle diseases such as obesity and diabetes is driving the demand for a healthy and balanced diet. According to the World Health Organization (WHO), the global rate of obesity amongst people has tripled since 1975. This alarming pace at which lifestyle diseases are increasing is propelling the demand for immunity-boosting products such as probiotics across the globe. Additionally, the growing adoption of technology is enabling the manufacturers to educate the consumers about the health benefits of consuming such a diet. These initiatives are further expected to boost the growth of the global probiotic bacteria market during the forecast period.

SEGMENTATION

Supermarkets/Hypermarkets Segment Held a 61.33% Market Share in 2019

The supermarkets/hypermarket segment held a market share of about 61.33% in 2019 and is expected to experience considerable growth owing to the wide availability of the products and easy accessibility, along with offering several discounts, and cashback.

REGIONAL INSIGHTS

Asia-Pacific to Remain at the Forefront; Increasing Consumption of Fermented Drinks to Aid Growth

Among all the regions, Asia-Pacific is expected to showcase exponential growth and hold the highest position in the global probiotic bacteria market. This dominance is attributable to the increasing consumption of fermented food products that impart a healthy gut and balanced overall diet.

The market in North America stood at USD 8.30 billion in 2019 and is anticipated to showcase significant growth during the forecast period. This is ascribable to factors such as the increasing prevalence of lifestyle diseases and the presence of established manufacturers that are focusing on developing innovative products in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Major Companies Focus on Introducing Innovative Products to Strengthen Their Market Positions

The global probiotics market is fragmented into several major companies that are striving to maintain their presence by introducing new probiotics products to cater to the increasing demand and consolidate their position. The adoption of strategies such as partnership, collaboration, and merger and acquisition by key players to expand their distribution network will favor market growth in the forthcoming years.

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Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview of the Parent Market
    • Industry SWOT Analysis
    • Supply Chain Analysis
    • Recent Industry Developments – Policies, Partnerships, New Product  Launches, and Mergers & Acquisitions
    • Qualitative Analysis (in relation to COVID-19)
      • Impact of COVID-19
      • Supply Chain Challenges
      • Potential Opportunities due to COVID-19
  • Global Probiotics Industry Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast 
      • By Microbial Genus (Value)
        • Lactobacillus
        • Bifidobacterium
        • Yeast
      • By Application (Value)
        • Functional Foods & Beverages
        • Dietary Supplements
        • Animal Feed
      • By Distribution Channel (Value)
        • Supermarkets/Hypermarkets
        • Pharmacies/Health Stores
        • Convenience Stores
        • Online Retails
        • Others
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

TOC Continued…!

Key Industry Development:

June 2020 – Pendulum Therapeutics announced the launch of Pendulum Glucose Control, the first-ever medical probiotic that is proven to lower blood sugar spike and A1C.

 

List of Companies Profiled in the Global Probiotics Market are:

  • DuPont (Danisco A/S) (Delaware, United States)
  • Chr. Hansen (Horsholm, Denmark)
  • Kerry Inc. (Tralee, Ireland)
  • Post Holdings, Inc. (Missouri)
  • Pepsico, Inc. (New York, United States)
  • Evolve Biosystems, Inc. (Davis, California)
  • Danone S.A. (Paris, France)
  • Lallemand Inc. (Canada)
  • Yakult Honsha (Japan)
  • Nestlé S.A. (Vevey, Swizerland)


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Craig Bouchard

Craig writes about fruits and vegetables. His writing consists of healthy diet plans and the importance of consuming fruits and vegetables and about the market. His way of writing is straightforward yet very much informing. He has been working with us for 6 years. In his free times, he can be seen taking care of the small window garden he has made in the office.

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