Global Probiotics Market
Global Probiotics Market, By Ingredient (Bacteria, and Yeast), Function (Regular, Preventative Healthcare, and Therapeutic), Application (Food & Beverages, Dietary Supplements, and Animal Feed), and End Use (Human Probiotics, and Animal Probiotics), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027
- Published Date: September 2021
- Report ID: BWC21107
- Available Format: PDF
- Page: 190
Report Overview
Probiotics are microorganisms, such as bacteria and yeast that benefit humans and animals by preserving intestinal microbial balance. Probiotics are in high demand due to the growing consumer awareness concerning digestive health and the increasing demand for high-quality foods and quality animal-based products.Global Probiotics Market Size - Industry Trends & Forecast Report 2027
Global probiotics market was worth USD 57.4 Billion in 2020 and is further projected to reach USD 97.8 Billion by 2027, at a CAGR of 8.0% during 2021-2027 (forecast period). Increasing consumer trend for organic products is one of the major factors boosting the growth of the global probiotics market. As concerns about preventive healthcare and the effectiveness of probiotic bacteria on health increase, the market is expected to grow. Globally, the probiotics market is likely to grow due to the increased consumption of functional foods meant to provide basic nutrition and have health benefits. Innovations in product lines such as chocolates, biscuits, and others and increased demand for probiotic-based medicines for reducing the risk of chronic diseases, such as diarrhea and diarrheal diseases, are also favoring the market growth. Additionally, growing disposable income and better living standards in emerging economies supplement are driving the market forward.
Source: BlueWeave Consulting
Global Probiotics Market Overview
Probiotics are the microorganisms, such as bacteria and yeast that maintain intestinal microbial balance in humans and animals. Several probiotic products are also effective for treating mental illness as well as digestive issues and neurological disorders. Probiotic ingredients stimulate natural digestive juices and enzymes. Thus, probiotics administered through food or supplements help maintain a healthy digestive system. Using probiotics improves the immune system, reduce oxidative damage to proteins, and protect the body from various pathogens. Probiotics are available in the form of drinks, powders, tablets, capsules, and gels.
Growth Drivers
Growing health concerns
Weight problems, digestive disorders, urinary infections, gastrointestinal infections, and other health problems are becoming more prevalent. Therefore, several key players in the market have been developing probiotic products to cure these diseases. Inulin and pectin, two probiotics that offer many health benefits and help reduce the frequency and duration of diarrhea and inflammation and symptoms of intestinal gastrointestinal disorders, are driving the growth of the global probiotics market. Additionally, several European and North American countries have banned the use of antibiotics in animal feed, to protect the health of animals, thus, powering the growth of the global probiotics market.
Different mode of consumption
Another factor contributing to the growth of the global probiotics market is the easy availability of probiotic supplements in most supermarkets and drug stores in numerous forms. A probiotic can be consumed as a capsule or tablet, as a loose powder to sprinkle on food, as a drink, or in dairy products. In terms of consumption mode, probiotic drinks are most popular with the masses. Probiotics taken in liquid form are much easier to consume, based on feedback from people who regularly consume them.
Restraints
Low awareness among consumers
Most consumers are unaware of how to shop for and purchase probiotic foods, and this discourages the growth of the global probiotic market. Most people are still unaware that probiotic foods exist. A lack of knowledge about probiotics and their beneficial effects sometimes leads to the consumption of the wrong type of probiotics, which may not have the desired effect. The demand for probiotics will increase as people realize the benefits that can be derived from them.
Impact of COVID-19 in the industry
With the outbreak of COVID-19, a huge spike in the demand for immunity-boosting food products and supplements has been noticed. A probiotic can boost the immune system and prevent gastrointestinal pathogens, as well as promote the production of natural antibodies in the body. Many forms of probiotics are available in retail stores and medical pharmacies. Because of the fear of becoming infected during the pandemic, people have adopted healthier lifestyles and increasingly started taking probiotic supplements. Considering how prevalent virus infection is among individuals of all ages, manufacturers are producing probiotics that can have positive effects on each of them, which in turn is driving the global probiotics market forward.
Global Probiotics Market: By Application
Based on types, the global probiotics market is divided into Food & Beverages, Dietary Supplements, and Animal Feed. According to estimates, the food & beverage segment holds the largest market share of probiotics. Global probiotics market growth is being driven by consumers' increasing demand for probiotic foods and beverages. Age, stress, and poor diet are factors that lead to digestive problems, bloating, and reduced resistance to infections. As a result, functional foods are gaining popularity because they can support gut health.
Global Probiotics Market: By End Use
Based on end-users, global probiotics market is bifurcated into Human Probiotics and Animal Probiotics. Human probiotics ingredients are the major revenue contributor in the entire probiotic market. Probiotics are live microorganisms that provide humans with immense health benefits when consumed in the right amount. Probiotics are beneficial for treating digestive problems. By using these probiotics, you can treat diarrhea and cramps caused by taking antibiotics regularly. Probiotics are also growing in popularity due to increasing health concerns and awareness.
Global Probiotics Market – Regional Insights
Based on regions, the global probiotics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The forecast period is likely to see North America as the fastest-growing region. Growth in the US probiotic market is expected to be the primary driving force. Probiotics are increasingly being used in the food industry due to a growing preference in the country for healthy and functional foods. The Asia-Pacific market, however, holds a major share of the global probiotics market and is expected to grow at the highest CAGR during the forecast period. The growth of the probiotics industry can be attributed to the rising application industries in the region.
Source: BlueWeave Consulting
Recent Developments
- In May 2020, The Probi AB and Competence Centre on Health Technologies (CCHT) signed an agreement for long-term R&D cooperation. This project is devoted to the development of novel probiotics lactobacilli strains designed for women's health.
- In September 2020, Danisco launched its latest series of cultures and probiotic formulations for China. Using this series, consumers can enjoy faster fermentation and higher probiotic counts while maintaining quality and taste.
Competitive Landscape
The key players in the global probiotics market are CHR-Hansen A/S (Denmark), Novozymes A/S (Denmark), Lallemand Inc. (Canada), Probi AB (Sweden), Kerry Group (Ireland), Sabinsa Corporation (US), DowDupont Inc. (US), Synbio Tech Inc. (Taiwan), Roelmi HPC (Italy), UAS Laboratories LLC (US), Probiotical SpA (Italy), Greentech SA (France), Biosearch, SA (Spain), and BioCC OÜ (Estonia) and other manufacturers.
Players in the global probiotics industry continuously seek to expand their global footprint by entering untapped markets through product launches, mergers and acquisitions, joint ventures, etc.
Scope
Attribute |
Details |
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Billion |
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia |
Product/Service Segmentation |
By Ingredient, By Function, By Application, By End Use, By Region |
Key Players |
Key players in the global probiotics market are CHR-Hansen A/S (Denmark), Novozymes A/S (Denmark), Lallemand Inc. (Canada), Probi AB (Sweden), Kerry Group (Ireland), Sabinsa Corporation (US), DowDupont Inc. (US), Synbio Tech Inc. (Taiwan), Roelmi HPC (Italy), UAS Laboratories LLC (US), Probiotical SpA (Italy), Greentech SA (France), Biosearch, SA (Spain), and BioCC OÜ (Estonia) and other key manufacturers.
|
- By Ingredient
- Bacteria
- Yeast
- By Function
- Regular
- Preventative Healthcare
- Therapeutic
- By Application
- Food & Beverages
- Dietary Supplements
- Animal Feed
- By End-Use
- Human Probiotics
- Animal Probiotics
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Probiotics Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Key Strategic Developments
5. Global Probiotics Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Ingredient
5.2.1.1. Bacteria
5.2.1.2. Yeast
5.2.2. By Function
5.2.2.1. Regular
5.2.2.2. Preventative Healthcare
5.2.2.3. Therapeutic
5.2.3. By Application
5.2.3.1. Food & Beverages
5.2.3.2. Dietary Supplements
5.2.3.3. Animal Feed
5.2.4. By End Use
5.2.4.1. Human Probiotics
5.2.4.2. Animal Probiotics
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Latin America
5.2.5.3. Europe
5.2.5.4. Asia Pacific
5.2.5.5. Middle East
5.2.5.6. Africa
6. North America Probiotics Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Ingredients
6.2.2. By Function
6.2.3. By Application
6.2.4. By End Use
6.2.5. By Country
6.2.5.1. United States
6.2.5.2. Canada
7. Europe Probiotics Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Ingredients
7.2.2. By Function
7.2.3. By Application
7.2.4. By End Use
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. Poland
7.2.5.3. Russia
7.2.5.4. Italy
7.2.5.5. France
7.2.5.6. United Kingdom
7.2.5.7. Spain
7.2.5.8. Rest of Europe
8. Asia Pacific Probiotics Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Ingredients
8.2.2. By Function
8.2.3. By Application
8.2.4. By End Use
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Malaysia
8.2.5.5. Singapore
8.2.5.6. Rest of Asia Pacific
9. Latin America Probiotics Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Ingredients
9.2.2. By Function
9.2.3. By Application
9.2.4. By End Use
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Mexico
9.2.5.3. Rest of Latin America
10. Middle East & Africa Probiotics Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Ingredients
10.2.2. By Function
10.2.3. By Application
10.2.4. By End Use
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
13.1. CHR-Hansen A/S (Denmark)
13.2. Novozymes A/S (Denmark)
13.3. Lallemand Inc. (Canada)
13.4. Probi AB (Sweden)
13.5. Kerry Group (Ireland)
13.6. Sabinsa Corporation (US)
13.7. DowDupont Inc. (US)
13.8. Synbio Tech Inc. (Taiwan)
13.9. Roelmi HPC (Italy)
13.10. UAS Laboratories LLC (US)
13.11. Probiotical SpA (Italy)
13.12. Greentech SA (France)
13.13. Biosearch
13.14. SA (Spain)
13.15. BioCC OÜ (Estonia)
13.16. Other manufacturers
14. Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig 1: Probiotics Market Segmentation
Fig 2: Probiotics Market Value Chain Analysis,
Fig 3: Company Market Share Analysis, 2020
Fig 4: Global Probiotics Market Size, By Value (USD Billion), 2017-2027
Fig 5: Global Probiotics Market Share (%), By Ingredients, By Value, 2017-2027
Fig 6: Global Probiotics Market Share (%), By Function, By Value, 2017-2027
Fig 7: Global Probiotics Market Share (%), By Application, By Value, 2017-2027
Fig 8: Global Probiotics Market Share (%), By End Use, By Value, 2017-2027
Fig 9: Global Probiotics Market Share (%), By Country, By Value, 2017-2027
Fig 10: North America Probiotics Market Size, By Value (USD Billion), 2017-2027
Fig 11: North America Probiotics Market Share (%), By Ingredients, By Value, 2017-2027
Fig 12: North America Probiotics Market Share (%), By Function, By Value, 2017-2027
Fig 13: North America Probiotics Market Share (%), By Application, By Value, 2017-2027
Fig 14: North America Probiotics Market Share (%), By End Use, By Value, 2017-2027
Fig 15: North America Probiotics Market Share (%), By Country, By Value, 2017-2027
Fig 16: Europe Probiotics Market Size, By Value (USD Billion), 2017-2027
Fig 17: Europe Probiotics Market Share (%), By Ingredients, By Value, 2017-2027
Fig 18: Europe Probiotics Market Share (%), By Function, By Value, 2017-2027
Fig 19: Europe Probiotics Market Share (%), By Application, By Value, 2017-2027
Fig 20: Europe Probiotics Market Share (%), By End Use, By Value, 2017-2027
Fig 21: Europe Probiotics Market Share (%), By Country, By Value, 2017-2027
Fig 22: Asia-Pacific Probiotics Market Size, By Value (USD Billion), 2017-2027
Fig 23: Asia-Pacific, Probiotics Market Share (%), By Ingredients, By Value, 2017-2027
Fig 24: Asia-Pacific, Probiotics Market Share (%), By Function, By Value, 2017-2027
Fig 25: Asia-Pacific, Probiotics Market Share (%), By Application, By Value, 2017-2027
Fig 26: Asia-Pacific, Probiotics Market Share (%), By End Use, By Value, 2017-2027
Fig 27: Asia-Pacific Probiotics Market Share (%), By Country, By Value, 2017-2027
Fig 28: Latin America Probiotics Market Size, By Value (USD Billion), 2017-2027
Fig 29: Latin America Probiotics Market Share (%), By Ingredients, By Value, 2017-2027
Fig 30: Latin America Probiotics Market Share (%), By Function, By Value, 2017-2027
Fig 31: Latin America Probiotics Market Share (%), By Application, By Value, 2017-2027
Fig 32: Latin America Probiotics Market Share (%), By End Use, By Value, 2017-2027
Fig 33: Latin America Probiotics Market Share (%), By Country, By Value, 2017-2027
Fig 34: Middle East & Africa Probiotics Market Size, By Value (USD Billion), 2017-2027
Fig 35: Middle East & Africa Probiotics Market Share (%), By Ingredients, By Value, 2017-2027
Fig 36: Middle East & Africa Probiotics Market Share (%), By Function, By Value, 2017-2027
Fig 37: Middle East & Africa Probiotics Market Share (%), By Application, By Value, 2017-2027
Fig 38: Middle East & Africa Probiotics Market Share (%), By End Use, By Value, 2017-2027
Fig 39: Middle East & Africa Probiotics Market Share (%), By Country, By Value, 2017-2027
List of Tables
Table 40: Global Probiotics Market Size, By Ingredients, By Value (USD Billion), 2017-2027
Table 41: Global Probiotics Market Size, By Function, By Value (USD Billion), 2017-2027
Table 42: Global Probiotics Market Size, By Application, By Value (USD Billion), 2017-2027
Table 43: Global Probiotics Market Size, By End Use, By Value (USD Billion), 2017-2027
Table 44: Global Probiotics Market Size, By Region, By Value (USD Billion), 2017-2027
Table 45: North America Probiotics Market Size, By Ingredients, By Value (USD Billion), 2017-2027
Table 46: North America Probiotics Market Size, By Function, By Value (USD Billion), 2017-2027
Table 47: North America Probiotics Market Size, By Application, By Value (USD Billion), 2017-2027
Table 48: North America Probiotics Market Size, By End Use, By Value (USD Billion), 2017-2027
Table 49: North America Probiotics Market Size, By Country, By Value (USD Billion), 2017-2027
Table 50: Europe Probiotics Market Size, By Ingredients, By Value (USD Billion), 2017-2027
Table 51: Europe Probiotics Market Size, By Function, By Value (USD Billion), 2017-2027
Table 52: Europe Probiotics Market Size, By Application, By Value (USD Billion), 2017-2027
Table 53: Europe Probiotics Market Size, By End Use, By Value (USD Billion), 2017-2027
Table 54: Europe Probiotics Market Size, By Country, By Value (USD Billion), 2017-2027
Table 55: The Asia-Pacific Probiotics Market Size, By Ingredients, By Value (USD Billion), 2017-2027
Table 56: The Asia-Pacific Probiotics Market Size, By Function, By Value (USD Billion), 2017-2027
Table 57: The Asia-Pacific Probiotics Market Size, By Application, By Value (USD Billion), 2017-2027
Table 58: The Asia-Pacific Probiotics Market Size, By End Use, By Value (USD Billion), 2017-2027
Table 59: The Asia-Pacific Probiotics Market Size, By Country, By Value (USD Billion), 2017-2027
Table 60: Latin America Probiotics Market Size, By Ingredients, By Value (USD Billion), 2017-2027
Table 61: Latin America Probiotics Market Size, By Function, By Value (USD Billion), 2017-2027
Table 62: Latin America Probiotics Market Size, By Application, By Value (USD Billion), 2017-2027
Table 63: Latin America Probiotics Market Size, By End Use, By Value (USD Billion), 2017-2027
Table 64: Latin America Probiotics Market Size, By Country, By Value (USD Billion), 2017-2027
Table 65: The Middle-East & Africa Probiotics Market Size, By Ingredients, By Value (USD Billion), 2017-2027
Table 66: The Middle-East & Africa Probiotics Market Size, By Function, By Value (USD Billion), 2017-2027
Table 67: The Middle-East & Africa Probiotics Market Size, By Application, By Value (USD Billion), 2017-2027
Table 68: The Middle-East & Africa Probiotics Market Size, By End Use, By Value (USD Billion), 2017-2027
Table 69: The Middle-East & Africa Probiotics Market Size, By Country, By Value (USD Billion), 2017-2027
Table 70: CHR-Hansen A/S (Denmark) Financial Analysis
Table 71: CHR-Hansen A/S (Denmark) Business Overview
Table 72: Novozymes A/S (Denmark) Financial Analysis
Table 73: Novozymes A/S (Denmark) Business Overview
Table 74: Lallemand Inc. (Canada) Financial Analysis
Table 75: Lallemand Inc. (Canada) Business Overview
Table 76: Probi AB (Sweden) Financial Analysis
Table 77: Probi AB (Sweden) Business Overview
Table 78: Kerry Group (Ireland) Financial Analysis
Table 79: Kerry Group (Ireland) Business Overview
Table 80: Sabinsa Corporation (US) Financial Analysis
Table 81: Sabinsa Corporation (US) Business Overview
Table 82: DowDupont Inc. (US) Financial Analysis
Table 83: DowDupont Inc. (US) Business Overview
Table 84: Synbio Tech Inc. (Taiwan) Financial Analysis
Table 85: Synbio Tech Inc. (Taiwan) Business Overview
Table 86: Roelmi HPC (Italy) Financial Analysis
Table 87: Roelmi HPC (Italy) Business Overview
Table 88: UAS Laboratories LLC (US) Financial Analysis
Table 89: UAS Laboratories LLC (US) Business Overview
Table 90: Probiotical SpA (Italy) Financial Analysis
Table 91: Probiotical SpA (Italy) Business Overview
Table 92: Greentech SA (France) Financial Analysis
Table 93: Greentech SA (France) Business Overview
Table 94: Biosearch, SA (Spain) Financial Analysis
Table 95: Biosearch, SA (Spain) Business Overview
Table 96: BioCC OÜ (Estonia) Financial Analysis
Table 97: BioCC OÜ (Estonia) Business Overview
Market Segmentation
- By Ingredient
- Bacteria
- Yeast
- By Function
- Regular
- Preventative Healthcare
- Therapeutic
- By Application
- Food & Beverages
- Dietary Supplements
- Animal Feed
- By End-Use
- Human Probiotics
- Animal Probiotics
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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