Probiotics are functional foods and drinks that improve gut functioning and immunity. Furthermore, they aid in the breakdown of high-calorie meals, making it easier for stomach acids to breakdown complex proteins and improve digestion. Adoption of a healthy lifestyle and increased health awareness among consumers are projected to drive the market expansion over the forecast period. Sugar free foods are available in a variety of forms including dietary drinks, ice cream and jellies, dairy products, confectionary, baked goods, and others.

Market Dynamics

The global probiotics market has grown significantly in recent years owing to an increase in health-consciousness and the adoption of a healthy lifestyle among consumers. Furthermore, rising consumer awareness of the health hazards associated with the excessive intake of sugary drinks and high-calorie meals is likely to fuel the global probiotics market growth over the forecast period.

To capitalize on growing trends in the food and beverages sector, major players in the global probiotics market are increasing their investments in novel product launches, research and development, and marketing and promotional efforts. During the projected period, this scenario is likely to fuel the market.

Preventive healthcare includes a healthy lifestyle and dietary choices that help prevent the occurrence of diseases. Awareness regarding preventive healthcare is on the rise due to various factors such as increasing disposable income, improving the standard of living, and growth in the aging population. Easy availability of information pertaining to preventive healthcare on the internet is also contributing favorably to the rising awareness.

Key features of the study:

• This report provides an in-depth analysis of the global probiotics market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global probiotics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include BioGaia AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB, Lifeway Foods, Inc., Mother Dairy, General Mills, Inc., China-Biotics, Inc., Yakult Honsha Co., Ltd., and E. I. du Pont de Nemours and Company
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
• The global probiotics market report caters to various stakeholders in this industry including investors, suppliers, probiotics manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global probiotics market

Detailed Segmentation:

• Global Probiotics Market, By Type:
  • Probiotics Food and Beverages
  • Probiotics Dietary Supplements
  • Probiotics Animal Feed
• Global Probiotics Market, By Application :
  • Human Probiotics
  • Animal Probiotics
• Global Probiotics Market, By Ingredient:
  • Lactobacillus
  • Streptococcus
  • Bifidobacterium
• Global Probiotics Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    
    • Middle East
    • Africa
• Company Profile:
  • BioGaia AB
  • Chr. Hansen
  • Groupe Danone S.A.
  • Nestle S.A.
  • PROBI AB
  • Lifeway Foods Inc.
  • Mother Dairy
  • General Mills Inc.
  • China-Biotics Inc.
  • Yakult Honsha Co.Ltd.
  • E. I. du Pont de Nemours and Company