Probiotics Market Size Worth to be USD 165.1 Billion in 2035 | Roots Analysis

The growth in the probiotics market size over the next decade is likely to be the result of a rise in the consumption of probiotics products, due to the growing focus on health and fitness coupled with COVID-19 impact. Various types of probiotic products are available in the market, these include fermented food, dry food, baked food, beverages, chocolates, food supplements, infant formula and specialty supplements.

These products primarily enhance the gut microbiome which leads to improved gut health, immunity and cranial health. These lead to mitigating diseases occurring due to weak immunity or poor microbiome. These prophylactic treatment solutions have emerged as a promising alternative over conventional medicine, leading to the upsurge in the growth of the probiotics industry, in both developed and developing regions.

The probiotics companies landscape features over 95 companies offering a range of probiotic products, including functional foods, nutritional supplements, specialty supplements, animal feed and infant formula. Overall, the market landscape is well-fragmented, featuring the presence of very small, small, mid-sized, large, and very large companies, which claim to have the required expertise to offer novel probiotic solutions for different purposes. It is interesting to highlight that most of these European probiotics manufacturers have hub based in Italy and Spain. Notably, more than 75% of key probiotic companies offer probiotic products in the format of foods and beverages.

Top manufacturers in the probiotics market include AB-BIOTICS, ADM, Arla Foods, BioGaia, Danone, General Mills, IFF, i-Health, Kerry, Lallemand, Lifeway Foods, Meiji, Morinaga Milk, Mother Dairy, Nestl, Novonesis, Probi, Velbiom, Winclove Probiotics, and Yakult Honsha.

Key Report Takeaways

Several key players (established as well as startups) in the probiotics industry are engaged in offering number products, including probiotic foods, beverages, dietary probiotic supplements and infant formula

Majority of the key companies offer probiotic dietary supplements; of these, over 90% of the companies offer specialty supplements supporting specific health conditions, such as mental, oral, bone and women health

To build a competitive advantage, companies are extensively upgrading their capabilities for the advancement of their probiotic product portfolios

More than 500 patents related to probiotics have been filed / granted by the probiotic companies in order to protect the intellectual property generated within this field

Driven by the increasing consumer awareness and preference for preventative treatment, the probiotics market is expected to grow steadily in the foreseen future

Owing to the numerous advantages offered by probiotics for prophylactic and therapeutictreatment, the market is anticipated to grow at an annualized rate of 8.0% in the coming decade

The projected market opportunity is expected to be well distributed across different foods and beverages, ingredients, end users and distribution channels

Probiotics Market Regional Outlook

Based on the key geographical regions, the probiotics market can be segmented into five major regions, North America, Europe, Asia Pacific, Middle East and North Africa, and Latin America. The highest market share is captured by Asia Pacific in the current year. Interestingly, highest growth rate is associated with emerging demographics, such as Latin America, and Middle East and North Africa. This can be attributed to rise in awareness about these products in the people residing in these regions; many key companies have been making strategic initiatives to contribute to the awareness campaigns, along with launching of production facilities / making deal with retail stores in these regions.

Probiotics Market Segments

Based on the research, Roots Analysis has segmented the Probiotics Market into Type of Product, Type of Food and Beverage, Type of Food and Beverage Product, Type of Probiotic Dietary Supplement, Type of Ingredient, End User, Target Human Population, Distribution Channel, and Geographical Regions.

by Type of Probiotic

Foods and Beverages

Probiotic Dietary Supplements

Animal Feed

Other Probiotics

by Type of Food and Beverage

Fermented Foods

Beverages

Dry Foods

Other Foods and Beverages

by Type of Food and Beverage Product

Dairy Product

Non Dairy Product

by Type of Probiotic Dietary Supplement

Nutritional Supplements

Specialty Supplements

Infant Formula

Other Probiotic Dietary Supplements

by Type of Ingredient

Bacteria

Yeast

by End User

Humans

Animals

by Target Human Population

Adults

Children / Infants

by Distribution Channel

Hypermarkets / Supermarkets

Pharmacies / Drug Stores

Specialty Stores

Online Stores

Other Distribution Channels

by Geographical Regions

North America

Europe

Asia Pacific

Middle East and North Africa

Latin America

About Roots Analysis

Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

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