The Global Probiotics Market size is expected to reach $73.8 billion by 2024, rising at a market growth of 7.7% CAGR during the forecast period. The health benefits of probiotics and increased consumer perception of the same are expected to push industry growth over the next several years.
Probiotics are microorganisms, like bacteria and yeast, which benefit humans and animals by retaining an intestinal microbial balance. Probiotic ingredients induce natural digestive juices and enzymes in the body to ensure adequate functioning of the digestive system and may be administered through food or as supplements. Furthermore, probiotics preserve healthy organisms from harmful counterparts.
Probiotic products are now used to diagnose mental illness and to treat gastrointestinal problems and neurological disorders. They also strengthen the body's immune system, protect proteins and lipids from oxidative destruction, and reduce body pathogens. Probiotic ingredients are sold as capsules, tablets, powders and gel.
Based on application, the food & beverage segment remained dominant among the probiotics market during the forecast period due to the increasing popularity of probiotic functional foods & beverages among consumers. Awareness, faith in their effectiveness, and safety are some of the factors that drive the probiotics market. The food & beverage segment is the biggest revenue-earning market along all regions.
Key Topics Covered
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.3 Market Scope
1.4.1 Global Probiotics Market, by Ingredient
1.4.2 Global Probiotics Market, by Form
1.4.3 Global Probiotics Market, by End-user
1.4.4 Global Probiotics Market, by Application
1.4.5 Global Probiotics Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.1.4 Players Outlook for the Market
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Market Analysis
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches
3.2.3 Mergers, Expansions & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: Leading Players
Chapter 4. Global Probiotics Market by Ingredient
4.1.1 Global Bacteria Probiotics Market by Region
4.1.2 Global Yeast Probiotics Market by Region
Chapter 5. Global Probiotics Market by Form
5.1.1 Global Liquid Probiotics Market by Region
5.1.2 Global Dry Probiotics Market by Region
Chapter 6. Global Probiotics Market by End User
6.1.1 Global Probiotics for Human Market by Region
6.1.2 Global Probiotics for Animal Market by Region
Chapter 7. Global Probiotics Market by Application
7.1.1 Global Food & Beverages Probiotics Market by Region
7.1.2 Global Probiotics Market by Food & Beverages Type
7.1.3 Global Dietary Supplements Probiotics Market by Region
7.1.4 Global Animal Feed Probiotics Market by Region
Chapter 8. Global Probiotics Market by Region
8.2 North America Probiotics Market
8.3 Europe Probiotics Market
8.4 Asia Pacific Probiotics Market
8.5 LAMEA Probiotics Market
Chapter 9. Company Profiles
9.1 Chr. Hansen Holding A/S
9.2 DowDuPont Inc.
9.3 Yakult Honsha Co. Ltd.
9.4 Nestle S.A.
9.5 Danone S.A.
9.7 Lallemand Inc.
9.8 BioGaia AB
9.1 Arla Foods Inc.
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Nice Insight, established in 2010, is the research division of That’s Nice, A Science Agency, providing data and analysis from proprietary annual surveys, custom primary qualitative and quantitative research as well as extensive secondary research. Current annual surveys include The Nice Insight Contract Development & Manufacturing (CDMO/CMO), Survey The Nice Insight Contract Research - Preclinical and Clinical (CRO) Survey, The Nice Insight Pharmaceutical Equipment Survey, and The Nice Insight Pharmaceutical Excipients Survey.