The Probiotic Market had a value of USD 5.0 billion in 2022 and is projected to reach USD 10.86 billion by 2032, with a compound annual growth rate (CAGR) of 9% during the forecast period. The primary factors driving the market's growth include the increasing prevalence of digestive issues, growing consumer awareness of the benefits of probiotics, and the rising demand for functional foods and dietary supplements.
Probiotic ingredients contain live bacteria that offer various positive health effects when consumed in adequate quantities. These ingredients are extensively used in a range of food and beverage products, such as yogurt, kefir, and dietary supplements. The industry is expected to experience further expansion due to the increasing consumer demand for natural and organic products.
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Top Companies Operating in the Global Probiotic Market Report:
- DuPont de Nemours, Inc.
- Lonza Group AG
- Chr. Hansen Holding A/S
- Kerry Group plc
- BioGaia AB
- Fonterra Co-operative Group Limited
- BASF SE
- Probi AB
- Lallemand Inc.
- Nestle S.A.
Key Trends of Probiotic Market
· Growing Health Consciousness: The global shift towards a healthier lifestyle and increased awareness of the importance of gut health has been driving the demand for probiotic ingredients. Consumers are seeking products that offer digestive health benefits, immunity support, and overall well-being.
· Increasing Demand for Functional Foods and Beverages: The incorporation of probiotic ingredients in various food and beverage products has been on the rise. Manufacturers are developing a wide range of functional foods, such as yogurt, kefir, kombucha, and other fermented products, to cater to health-conscious consumers.
· Expanding Application in Dietary Supplements: Probiotic ingredients are finding extensive use in dietary supplements, including capsules, tablets, and powders. These supplements are marketed as promoting gut health, supporting immune function, and improving overall digestive well-being.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
The global Probiotic Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Ingredient Type Outlook:
- Bacteria
- Yeast
Application Outlook:
- Food & Beverages
- Dietary Supplements
- Animal Feed
- Personal Care
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