IMARC Group expects the market to reach a value of US$86.44 billion by 2027, growing at a CAGR of 7.70% during the period 2022-2027.
According to the latest report from the IMARC group, “Global Probiotics Market Size, Share, Growth, Trends, Opportunities and Forecast 2022-2027“, the The global probiotics market reached a value of US$54.05 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$86.44 billion by 2027, growing at a CAGR of 7.70% during the period 2022- 2027.
Probiotics refer to live microorganisms, such as bacteria and yeasts, which are assimilated into the body to prevent and treat certain health problems. They help cure diarrhea, constipation, inflammatory bowel disease (IBD), irritable bowel syndrome (IBS), yeast infections, urinary tract infections, gum disease, intolerance to lactose, eczema, upper respiratory tract infections and sepsis. Probiotics are also used for weight loss, improving digestion, boosting immune function and achieving healthy skin. Therefore, they are included in different medicines, beverages, food products and dietary supplements.
Probiotics Market Trends and Drivers:
One of the major factors propelling the growth of the market is the changing lifestyles and increasing prevalence of chronic diseases, which is leading to the adoption of preventive healthcare, involving annual health checkups, vaccinations against influenza and the consumption of dietary supplements in individuals.
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Additionally, the implementation of stringent regulations for the use of probiotics in nutraceuticals and nutricosmetics all over the world, and the increasing use of the products in infant products are catalyzing the growth of the market. Additionally, the rising demand for probiotics as an immunity booster to provide vigorous protection against gastrointestinal pathogens and promote the production of natural antibodies in the body is propelling the growth of the market.
Furthermore, the growing use of strains as a natural, cost-effective and safe substitute for pharmacological solutions is positively influencing the growth of the market. Moreover, major market players are investing heavily in research and development (R&D) activities to develop plant-based probiotics, which creates a positive outlook.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Probiotics Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Biogaia AB, Chr. Hansen Holding A/S, Danone SA, General Mills Inc, i-Health Inc (Koninklijke DSM NV), Kerry Group plc, Lallemand Inc., Lifeway Foods Inc, Morinaga Milk Industry Co. Ltd., Nestlé SA, PepsiCo Inc, Probi (Symrise AG) and Yakult Honsha Co.Ltd.
The report has segmented the market based on region, ingredient, distribution channel, application, and form.
Breakdown by ingredient:
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Specialty stores
- Online stores
Breakdown by application:
- Food and drinks
- Food supplements
- animal feed
Breakdown by form:
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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