About Probiotic
Probiotic are living microorganisms when taken by mouth, benefit your health by improving the balance of bacteria in the intestines. These microorganisms are most often bacteria, but also include other kind of organisms such as yeast. Probiotics are same as the good bacteria already in the body, particularly those in gut. These are dietary sugars that stimulate the growth of intestinal, protective bacteria. Probiotics have been most frequently used when the bacterial balance of the GI area has been disturbed by the use of antibiotics, which deplete nearly all the bacteria in GI tract or when bad bacteria (such as C. difficile) that have overgrown in your GI tract and can cause illness.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market Share | 48.1% |
Unit | Value (USD Billion) |
CAGR | 4.19% |
The global probiotics market is highly competitive. Companies operating in this market focus more on R&D activities to develop new products. Novel applications are developed by companies to strengthen their presence. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies.The Players having a strong hold in the market are Danone. Analyst at AMA Research estimates that Danish and United States Players will contribute the maximum growth to Global Probiotic market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BioGaia (Sweden), Bio K + (Canada), Chr. Hansen (Denmark), Cerbios-Pharma (Switzerland), OptiBiotix Health (United Kingdom), DSM (Netherlands), Lonza Group AG (Switzerland), Probi (Sweden), Yakult (Japan), Kerry (Ireland), Danone (France) and DowDupont (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Glac Biotech (Taiwan), Bifodan (Denmark) and Uas Laboratories (United States).
Segmentation Overview
AMA Research has segmented the market of Global Probiotic market by , Application (Food and Beverages, Dietary Supplements and Animal Feed) and Region.
On the basis of Type, Liquid are dominating the market and held 68.2% of market share in the year 2022 where as Powder stood as second largest market share and accounted for 22.0%.
On the basis of application, Food and Beverages segment is dominating the market and held 65.8% of market share in the year 2022 where as Dietary Supplements segment stood as second largest market with a holding of 23.9%.On the basis of geography, the market of Probiotic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Strains, the sub-segment i.e. Animalis will boost the Probiotic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Droppers will boost the Probiotic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form Type, the sub-segment i.e. Powder will boost the Probiotic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Species, the sub-segment i.e. Bifidobacteria will boost the Probiotic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of efficient strains of probiotics
Market Growth Drivers:
HealthBenefits Associated With Probiotic Food and Increasing Popularity of Probiotics and Rising health
Challenges:
Side Effects of Probiotic are Excess Gas, Allergic Reactions and Bloating
Restraints:
Low Awareness among Consumers about the Probiotic Products
Opportunities:
Increase in Health Concerns in Developing Countries and Probiotics Can Replace Pharmaceutical Agents
On March 28, 2019 DuPont Achieves Major Milestone have expand its probiotics capacity, which is major milestone in delivering essential innovations for the customers and achieving the ambitious probiotics growth plans.
Key Target Audience
Manufacturers of Probiotic, Suppliers of Probiotic, Wholesalers, Distributers and Retailers of Probiotic and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.