Probiotics Market - Forecast(2024 - 2030)

Report Code: FBR 0065 Report Format: PDF + Excel

Probiotics Market Overview:

Probiotics Market size is estimated to reach US$119.5 billion by 2030, growing at a CAGR of 8.10% during the forecast period 2024-2030. Growing awareness and demand for health and wellness products and technological advancements and research in microbiome science are expected to propel the growth of Probiotics Market.
 
Additionally, the development of innovative product formulations. Manufacturers are increasingly incorporating probiotics into diverse food and beverage categories, including dairy products, snacks, beverages, and even pet food. This trend aligns with the growing demand for convenient and functional foods that offer health benefits beyond basic nutrition. Additionally, there is a rising interest in personalized nutrition, leading to the development of tailored probiotic formulations targeting specific health concerns or demographics. The exploration of the gut-brain axis, research indicates that the gut microbiota plays a crucial role in regulating brain function and mental health. As a result, there is a growing interest in probiotics that support cognitive function, mood regulation, and stress management. Products marketed as "mood-enhancing" or "stress-relieving" are gaining popularity as consumers recognize the connection between gut health and mental wellness. This trend underscores the importance of holistic approaches to health and the potential for probiotics to offer benefits beyond digestive health.

Market Snapshot: 

 
                                                

Probiotics Market - Report Coverage:

The “Probiotics Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Probiotics Market.
 
Attribute Segment

By Ingredient Type

  • Bacteria

    • Lactobacillus

    • Bifidobacterium

    • Streptococcus

    • Others

  • Yeast

    • Saccharomyces

    • Others

By Product Type

  • Probiotic Food & Beverages

    • Dairy Products

      • Yogurt

      • Cheese

    • Cereals

    • Beverages

    • Baked Foods

    • Fermented Foods

    • Dry Foods

    • Infant Formula

  • Probiotic Dietary Supplements

    • Chewable Tablets

    • Capsules

    • Powders

    • Liquids

    • DryCap Shots

    • Oil Drops

    • Others

  • Animal Feed Probiotics

By Distribution Channel

  • Hypermarkets/Supermarkets

  • Pharmacies/Drugstores

  • Convenience Stores

  • Specialty Stores

  • Health Food Stores

  • Online Stores

  • E-Commerce

By End-User

  • Human Probiotics

    • Kids

    • Adults

    • Seniors

    • Pregnant Women

  • Animal Probiotics

    • Livestock

    • Poultry

    • Aquaculture

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa)

COVID-19 / Ukraine Crisis - Impact Analysis:  

● The COVID-19 pandemic has significantly influenced the probiotics market, causing fluctuations in demand and supply chains. With consumers prioritizing health and wellness, there has been a surge in the consumption of probiotic products, driven by the desire to boost immunity. However, disruptions in manufacturing, logistics, and distribution have posed challenges, leading to temporary shortages and delays in product availability.
● The conflict between Russia and Ukraine has also impacted the probiotics market, contributing to geopolitical tensions and trade disruptions. The uncertainty surrounding the conflict has led to concerns about the stability of supply chains and raw material sourcing, affecting production and distribution processes. Furthermore, fluctuating currency exchange rates and trade restrictions have added complexities for market players operating in the region. 

Key Takeaways:

● Bacteria Segment Dominated the Market
 
According to the Probiotics Market analysis, in the Probiotics market share, Bacteria segment is analyzed to hold a dominant market share of 85% in 2023, Bacteria, particularly strains belonging to the genera Lactobacillus and Bifidobacterium, account for the majority of probiotic products available to consumers. This dominance can be attributed to several factors, including their well-documented health benefits, safety profile, and versatility in product applications. Lactobacillus species, such as L. acidophilus, L. rhamnosus, and L. casei, are among the most widely studied and utilized probiotic strains. These bacteria are naturally found in the human gastrointestinal tract and are known for their ability to support digestive health, enhance immune function, and inhibit the growth of harmful pathogens. Similarly, Bifidobacterium strains, including B. bifidum, B. longum, and B. breve, are commonly used in probiotic formulations due to their association with intestinal health and immune modulation. The dominance of bacteria in the probiotics market is also reflected in the diversity of product offerings, ranging from yogurt and fermented dairy products to dietary supplements and functional foods. Bacteria-based probiotic products appeal to a wide range of consumers seeking natural solutions to support their overall health and well-being. Bacteria have undergone extensive research and clinical trials, providing a robust scientific foundation for their efficacy and safety. As a result, regulatory authorities worldwide have established guidelines and standards for probiotic products, further supporting the market dominance of bacterial strains.
 
● Human Probiotics is the fastest growing segment
 
In the Probiotics Market forecast, Human Probiotics segment is estimated to grow with a CAGR of 13.9% during the forecast period. increasing awareness of the importance of gut health and its impact on overall well-being has led to a surge in demand for human probiotics. Consumers are increasingly turning to probiotic supplements, foods, and beverages to promote digestive health, strengthen immunity, and maintain a healthy microbiota balance. Moreover, lifestyle changes, including dietary shifts, stress, antibiotic usage, and aging populations, have contributed to a growing prevalence of digestive disorders and gastrointestinal issues. Consequently, there is a heightened interest in probiotics as a natural and effective solution to alleviate symptoms such as bloating, constipation, and irritable bowel syndrome (IBS). This increased consumer awareness and demand have propelled the growth of the human probiotics segment. Additionally, advancements in probiotic research and technology have facilitated the development of innovative probiotic strains and formulations tailored to address specific health concerns. In July 2023, A randomized, triple-blinded, placebo-controlled study with BioGaia's probiotic Protectis was shown to increase SARS-CoV-2 antibody titers in healthy volunteers when 28 days or more had elapsed from vaccination. It suggests that probiotic supplementation may enhance the long-term protection against breakthrough infections. Manufacturers are leveraging scientific discoveries to create probiotic products with enhanced efficacy, stability, and targeted health benefits, thereby driving consumer confidence and adoption. 
 
● APAC to Hold Largest Market Share
 
According to the Probiotics Market analysis, APAC region is estimated to hold the largest market share of 39% in 2023. APAC's large and rapidly expanding population, coupled with rising disposable incomes and increasing health awareness, is driving significant demand for probiotic products. As consumers in APAC countries become more health-conscious, there is a growing preference for functional foods and beverages, including probiotics, which are perceived to offer various health benefits. Traditional dietary habits in many APAC nations incorporate fermented foods and beverages naturally rich in probiotics, such as kimchi in South Korea, miso in Japan, and yogurt-based drinks in India. This cultural inclination towards probiotic-rich foods provides a solid foundation for the adoption of modern probiotic products. Additionally, the region's diverse culinary heritage presents opportunities for innovation in probiotic product development, catering to local tastes and preferences. Supportive regulatory frameworks and increasing investments in research and development contribute to the growth of the probiotics market in APAC. Governments in countries like China, Japan, and South Korea are implementing policies to promote the use of probiotics in food and healthcare, fostering a favorable business environment for manufacturers. Additionally, collaborations between academic institutions, industry players, and government agencies are driving advancements in probiotic science and technology, enhancing product efficacy and safety.
 
● Technological Advancements and Research in Microbiome Science
 
With advancements in DNA sequencing, metabolomics, and bioinformatics, researchers can delve deeper into the complex interactions between the gut microbiota and host physiology, uncovering the intricate mechanisms by which probiotics exert their beneficial effects. The development of innovative techniques, such as single-cell sequencing and multi-omics analysis, enables comprehensive characterization of microbial communities, identifying specific strains with therapeutic potential and elucidating their mode of action. Moreover, bioengineering approaches facilitate the design and optimization of probiotic formulations tailored to address diverse health conditions and meet the evolving needs of consumers. In addition to enhancing our understanding of probiotics, technological advancements have accelerated the discovery of novel probiotic strains from various sources, including the human gut, plant-derived sources, and extremophiles. Coupled with advances in fermentation technology and bioprocessing, these discoveries enable the production of high-quality probiotic products with improved stability, efficacy, and functionality. As the scientific understanding of the gut microbiome continues to evolve, fueled by technological innovation and collaborative research efforts, the probiotics market is poised for further expansion, offering immense opportunities for product innovation, market differentiation, and improved health outcomes.
 
● Growing Awareness and Demand for Health and Wellness Products
 
In recent years, there has been a paradigm shift towards preventive healthcare, with individuals increasingly prioritizing holistic well-being and disease prevention. This cultural shift is underscored by a growing recognition of the interconnectedness between diet, lifestyle, and health outcomes, driving a surge in demand for products perceived to confer health benefits. Probiotics, known for their beneficial effects on gut health and immune function, have garnered widespread attention as a cornerstone of proactive health management. Consumers are increasingly seeking out probiotic-rich foods, beverages, and supplements as integral components of their daily routines, viewing them as natural and effective means to support digestive health, bolster immunity, and optimize overall wellness. The dissemination of scientific research highlighting the myriad health benefits associated with probiotics has bolstered consumer confidence and fueled market growth. Studies showcasing the role of probiotics in alleviating gastrointestinal disorders, reducing inflammation, enhancing nutrient absorption, and even modulating mood have resonated with health-conscious consumers seeking evidence-based solutions to optimize their health outcomes.
 
● Maintaining Product Quality and Efficacy Challenges the Market Growth
 
Probiotics are living microorganisms that provide health benefits when consumed in adequate amounts. One primary challenge is maintaining the viability of probiotic strains from production to consumption. Factors such as temperature fluctuations, exposure to moisture, and oxygen levels can impact the survival of probiotic bacteria. Manufacturers must employ advanced techniques, such as microencapsulation and lyophilization, to protect probiotic cells and enhance their shelf life. The manufacturing process can expose probiotic strains to harsh conditions, potentially compromising their viability. Therefore, strict quality control measures, adherence to Good Manufacturing Practices (GMP), and use of appropriate packaging materials are vital to minimize degradation and maintain probiotic efficacy. Ensuring label accuracy and transparency presents a challenge in the probiotics market. Consumers rely on product labels to make informed purchasing decisions. Therefore, accurately identifying probiotic strains, specifying colony-forming units (CFUs), and providing clear instructions for consumption are essential to build trust and credibility with consumers. 
 
                                                     
                                 
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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Probiotics Market. The top 10 companies in this industry are listed below:
 
  1. Kerry Group plc
  2. BioGaia AB
  3. Chr. Hansen Holding A/S
  4. International Flavors & Fragrances, Inc.
  5. Nestle S.A.
  6. Yakult Honsha Co., Ltd.
  7. Lallemand Inc.
  8. Danone S.A.
  9. ADM
  10. Lifeway Foods, Inc.

Scope of Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

8.10%

Market Size in 2030

$119.5 billion

Segments Covered

Ingredient Type, Product Type, Distribution Channel, End-User

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Kerry Group plc

  2. BioGaia AB

  3. Chr. Hansen Holding A/S

  4. International Flavors & Fragrances, Inc.

  5. Nestle S.A.

  6. Yakult Honsha Co., Ltd.

  7. Lallemand Inc.

  8. Danone S.A.

  9. ADM

  10. Lifeway Foods, Inc.

Key Market Players:

The Top 5 companies in Probiotics Market are:


Danone
Kerry Group
International Flavors & Fragrances
Nestle
ADM
 

 

 
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1. Probiotics Market - Overview
    1.1. Definitions and Scope
2. Probiotics Market - Executive Summary
3. Probiotics Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Probiotics Market - Start-up Companies Scenario (Premium)
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Probiotics Market – Market Entry Scenario Premium (Premium)
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Probiotics Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Probiotics Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Probiotics Market – By Ingredient Type (Market Size – $Million/$Billion) 
    8.1. Bacteria
        8.1.1. Lactobacillus
        8.1.2. Bifidobacterium
        8.1.3. Streptococcus
        8.1.4. Others
    8.2. Yeast
        8.2.1. Saccharomyces
        8.2.2. Others
9. Probiotics Market – By Product Type (Market Size – $Million/$Billion) 
    9.1. Probiotic Food & Beverages
        9.1.1. Dairy Products
            9.1.1.1. Yogurt
            9.1.1.2. Cheese
        9.1.2. Cereals
        9.1.3. Beverages
        9.1.4. Baked Foods
        9.1.5. Fermented Foods
        9.1.6. Dry Foods
        9.1.7. Infant Formula
    9.2. Probiotic Dietary Supplements
        9.2.1. Chewable Tablets
        9.2.2. Capsules
        9.2.3. Powders
        9.2.4. Liquids
        9.2.5. Dry Cap Shots
        9.2.6. Oil Drops
        9.2.7. Others
    9.3. Animal Feed Probiotics
10. Probiotics Market – By Distribution Channel (Market Size – $Million/$Billion) 
    10.1. Hypermarkets/Supermarkets
    10.2. Pharmacies/Drugstores
    10.3. Convenience Stores
    10.4. Specialty Stores
    10.5. Health Food Stores
    10.6. Online Stores
    10.7. E-Commerce
11. Probiotics Market – By End-User (Market Size – $Million/$Billion) 
    11.1. Human Probiotics
        11.1.1. Kids
        11.1.2. Adults
        11.1.3. Seniors
        11.1.4. Pregnant Women
    11.2. Animal Probiotics
        11.2.1. Livestock
        11.2.2. Poultry
        11.2.3. Aquaculture
12. Probiotics Market – By Geography (Market Size – $Million/$Billion) 
    12.1. North America
        12.1.1. Canada
        12.1.2. Mexico
        12.1.3. U.S.
    12.2. South America
        12.2.1. Argentina
        12.2.2. Brazil
        12.2.3. Chile
        12.2.4. Colombia
        12.2.5. Rest of South America
    12.3. Europe
        12.3.1. France
        12.3.2. Germany
        12.3.3. Italy
        12.3.4. Netherlands
        12.3.5. Belgium
        12.3.6. Spain
        12.3.7. UK
        12.3.8. Denmark
        12.3.9. Rest of Europe
    12.4. APAC
        12.4.1. China
        12.4.2. Japan
        12.4.3. India
        12.4.4. South Korea
        12.4.5. Australia and New Zealand
        12.4.6. Indonesia
        12.4.7. Taiwan
        12.4.8. Malaysia
        12.4.9. Rest of APAC
    12.5. RoW
        12.5.1. Saudi Arabia
            12.5.1.1. UAE
            12.5.1.2. Israel
        12.5.2. South Africa
            12.5.2.1. Nigeria
            12.5.2.2. Rest of Africa
13. Probiotics Market – Entropy
14. Probiotics Market – Industry/Segment Competition Landscape (Premium)
    14.1. Market Share Analysis
        14.1.1. Market Share by Region – Key Companies
        14.1.2. Market Share by Country – Key Companies
    14.2. Competition Matrix
    14.3. Best Practices for Companies
15. Probiotics Market – Key Company List by Country Premium (Premium)
16. Probiotics Market - Company Analysis
    16.1. Kerry Group plc
    16.2. BioGaia AB
    16.3. Chr. Hansen Holding A/S
    16.4. International Flavors & Fragrances, Inc.
    16.5. Nestle S.A.
    16.6. Yakult Honsha Co., Ltd.
    16.7. Lallemand Inc.
    16.8. Danone S.A.
    16.9. ADM
    16.10.Lifeway Foods, Inc.
 
 
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List of Tables:

Table 1: Probiotics Market Overview 2023-2030
Table 2: Probiotics Market Leader Analysis 2023-2024 (US$)
Table 3: Probiotics Market Product Analysis 2023-2024 (US$)
Table 4: Probiotics Market End User Analysis 2023-2024 (US$)
Table 5: Probiotics Market Patent Analysis 2021-2023* (US$)
Table 6: Probiotics Market Financial Analysis 2023-2024 (US$)
Table 7: Probiotics Market Driver Analysis 2023-2024 (US$)
Table 8: Probiotics Market Challenges Analysis 2023-2024 (US$)
Table 9: Probiotics Market Constraint Analysis 2023-2024 (US$)
Table 10: Probiotics Market Supplier Bargaining Power Analysis 2023-2024 (US$)
Table 11: Probiotics Market Buyer Bargaining Power Analysis 2023-2024 (US$)
Table 12: Probiotics Market Threat of Substitutes Analysis 2023-2024 (US$)
Table 13: Probiotics Market Threat of New Entrants Analysis 2023-2024 (US$)
Table 14: Probiotics Market Degree of Competition Analysis 2023-2024 (US$)
Table 15: Probiotics Market Value Chain Analysis 2023-2024 (US$)
Table 16: Probiotics Market Pricing Analysis 2023-2030 (US$)
Table 17: Probiotics Market Opportunities Analysis 2023-2030 (US$)
Table 18: Probiotics Market Product Life Cycle Analysis 2023-2030 (US$)
Table 19: Probiotics Market Supplier Analysis 2023-2024 (US$)
Table 20: Probiotics Market Distributor Analysis 2023-2024 (US$)
Table 21: Probiotics Market Trend Analysis 2023-2024 (US$)
Table 22: Probiotics Market Size 2023 (US$)
Table 23: Probiotics Market Forecast Analysis 2023-2030 (US$)
Table 24: Probiotics Market Sales Forecast Analysis 2023-2030 (Units)
Table 25: Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 26: Probiotics Market By Type, Revenue & Volume, By Bacteria, 2023-2030 ($)
Table 27: Probiotics Market By Type, Revenue & Volume, By Yeast, 2023-2030 ($)
Table 28: Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 29: Probiotics Market By Application, Revenue & Volume, By Dietary Supplements, 2023-2030 ($)
Table 30: Probiotics Market By Application, Revenue & Volume, By Functional Food & beverage, 2023-2030 ($)
Table 31: Probiotics Market By Application, Revenue & Volume, By Infant Formula, 2023-2030 ($)
Table 32: Probiotics Market By Application, Revenue & Volume, By Animal Feed, 2023-2030 ($)
Table 33: North America Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 34: North America Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 35: South america Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 36: South america Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 37: Europe Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 38: Europe Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 39: APAC Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 40: APAC Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 41: Middle East & Africa Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 42: Middle East & Africa Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 43: Russia Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 44: Russia Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 45: Israel Probiotics Market, Revenue & Volume, By Type, 2023-2030 ($)
Table 46: Israel Probiotics Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 47: Top Companies 2023 (US$)Probiotics Market, Revenue & Volume
Table 48: Product Launch 2023-2024Probiotics Market, Revenue & Volume
Table 49: Mergers & Acquistions 2023-2024Probiotics Market, Revenue & Volume


List of Figures:


Figure 1: Overview of Probiotics Market 2023-2030
Figure 2: Market Share Analysis for Probiotics Market 2023 (US$)
Figure 3: Product Comparison in Probiotics Market 2023-2024 (US$)
Figure 4: End User Profile for Probiotics Market 2023-2024 (US$)
Figure 5: Patent Application and Grant in Probiotics Market 2021-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in Probiotics Market 2023-2024 (US$)
Figure 7: Market Entry Strategy in Probiotics Market 2023-2024
Figure 8: Ecosystem Analysis in Probiotics Market 2023
Figure 9: Average Selling Price in Probiotics Market 2023-2030
Figure 10: Top Opportunites in Probiotics Market 2023-2024
Figure 11: Market Life Cycle Analysis in Probiotics Market
Figure 12: GlobalBy TypeProbiotics Market Revenue, 2023-2030 ($)
Figure 13: GlobalBy ApplicationProbiotics Market Revenue, 2023-2030 ($)
Figure 14: Global Probiotics Market - By Geography
Figure 15: Global Probiotics Market Value & Volume, By Geography, 2023-2030 ($) 
Figure 16: Global Probiotics Market CAGR, By Geography, 2023-2030 (%)
Figure 17: North America Probiotics Market Value & Volume, 2023-2030 ($)
Figure 18: US Probiotics Market Value & Volume, 2023-2030 ($)
Figure 19: US GDP and Population, 2023-2024 ($)
Figure 20: US GDP – Composition of 2023, By Sector of Origin
Figure 21: US Export and Import Value & Volume, 2023-2024 ($)
Figure 22: Canada Probiotics Market Value & Volume, 2023-2030 ($)
Figure 23: Canada GDP and Population, 2023-2024 ($)
Figure 24: Canada GDP – Composition of 2023, By Sector of Origin
Figure 25: Canada Export and Import Value & Volume, 2023-2024 ($)
Figure 26: Mexico Probiotics Market Value & Volume, 2023-2030 ($)
Figure 27: Mexico GDP and Population, 2023-2024 ($)
Figure 28: Mexico GDP – Composition of 2023, By Sector of Origin
Figure 29: Mexico Export and Import Value & Volume, 2023-2024 ($)
Figure 30: South America Probiotics Market Value & Volume, 2023-2030 ($)
Figure 31: Brazil Probiotics Market Value & Volume, 2023-2030 ($)
Figure 32: Brazil GDP and Population, 2023-2024 ($)
Figure 33: Brazil GDP – Composition of 2023, By Sector of Origin
Figure 34: Brazil Export and Import Value & Volume, 2023-2024 ($)
Figure 35: Venezuela Probiotics Market Value & Volume, 2023-2030 ($)
Figure 36: Venezuela GDP and Population, 2023-2024 ($)
Figure 37: Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 38: Venezuela Export and Import Value & Volume, 2023-2024 ($)
Figure 39: Argentina Probiotics Market Value & Volume, 2023-2030 ($)
Figure 40: Argentina GDP and Population, 2023-2024 ($)
Figure 41: Argentina GDP – Composition of 2023, By Sector of Origin
Figure 42: Argentina Export and Import Value & Volume, 2023-2024 ($)
Figure 43: Ecuador Probiotics Market Value & Volume, 2023-2030 ($)
Figure 44: Ecuador GDP and Population, 2023-2024 ($)
Figure 45: Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 46: Ecuador Export and Import Value & Volume, 2023-2024 ($)
Figure 47: Peru Probiotics Market Value & Volume, 2023-2030 ($)
Figure 48: Peru GDP and Population, 2023-2024 ($)
Figure 49: Peru GDP – Composition of 2023, By Sector of Origin
Figure 50: Peru Export and Import Value & Volume, 2023-2024 ($)
Figure 51: Colombia Probiotics Market Value & Volume, 2023-2030 ($)
Figure 52: Colombia GDP and Population, 2023-2024 ($)
Figure 53: Colombia GDP – Composition of 2023, By Sector of Origin
Figure 54: Colombia Export and Import Value & Volume, 2023-2024 ($)
Figure 55: Costa Rica Probiotics Market Value & Volume, 2023-2030 ($)
Figure 56: Costa Rica GDP and Population, 2023-2024 ($)
Figure 57: Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 58: Costa Rica Export and Import Value & Volume, 2023-2024 ($)
Figure 59: Europe Probiotics Market Value & Volume, 2023-2030 ($)
Figure 60: U.K Probiotics Market Value & Volume, 2023-2030 ($)
Figure 61: U.K GDP and Population, 2023-2024 ($)
Figure 62: U.K GDP – Composition of 2023, By Sector of Origin
Figure 63: U.K Export and Import Value & Volume, 2023-2024 ($)
Figure 64: Germany Probiotics Market Value & Volume, 2023-2030 ($)
Figure 65: Germany GDP and Population, 2023-2024 ($)
Figure 66: Germany GDP – Composition of 2023, By Sector of Origin
Figure 67: Germany Export and Import Value & Volume, 2023-2024 ($)
Figure 68: Italy Probiotics Market Value & Volume, 2023-2030 ($)
Figure 69: Italy GDP and Population, 2023-2024 ($)
Figure 70: Italy GDP – Composition of 2023, By Sector of Origin
Figure 71: Italy Export and Import Value & Volume, 2023-2024 ($)
Figure 72: France Probiotics Market Value & Volume, 2023-2030 ($)
Figure 73: France GDP and Population, 2023-2024 ($)
Figure 74: France GDP – Composition of 2023, By Sector of Origin
Figure 75: France Export and Import Value & Volume, 2023-2024 ($)
Figure 76: Netherlands Probiotics Market Value & Volume, 2023-2030 ($)
Figure 77: Netherlands GDP and Population, 2023-2024 ($)
Figure 78: Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 79: Netherlands Export and Import Value & Volume, 2023-2024 ($)
Figure 80: Belgium Probiotics Market Value & Volume, 2023-2030 ($)
Figure 81: Belgium GDP and Population, 2023-2024 ($)
Figure 82: Belgium GDP – Composition of 2023, By Sector of Origin
Figure 83: Belgium Export and Import Value & Volume, 2023-2024 ($)
Figure 84: Spain Probiotics Market Value & Volume, 2023-2030 ($)
Figure 85: Spain GDP and Population, 2023-2024 ($)
Figure 86: Spain GDP – Composition of 2023, By Sector of Origin
Figure 87: Spain Export and Import Value & Volume, 2023-2024 ($)
Figure 88: Denmark Probiotics Market Value & Volume, 2023-2030 ($)
Figure 89: Denmark GDP and Population, 2023-2024 ($)
Figure 90: Denmark GDP – Composition of 2023, By Sector of Origin
Figure 91: Denmark Export and Import Value & Volume, 2023-2024 ($)
Figure 92: APAC Probiotics Market Value & Volume, 2023-2030 ($)
Figure 93: China Probiotics Market Value & Volume, 2023-2030
Figure 94: China GDP and Population, 2023-2024 ($)
Figure 95: China GDP – Composition of 2023, By Sector of Origin
Figure 96: China Export and Import Value & Volume, 2023-2024 ($)Probiotics Market China Export and Import Value & Volume, 2023-2024 ($)
Figure 97: Australia Probiotics Market Value & Volume, 2023-2030 ($)
Figure 98: Australia GDP and Population, 2023-2024 ($)
Figure 99: Australia GDP – Composition of 2023, By Sector of Origin
Figure 100: Australia Export and Import Value & Volume, 2023-2024 ($)
Figure 101: South Korea Probiotics Market Value & Volume, 2023-2030 ($)
Figure 102: South Korea GDP and Population, 2023-2024 ($)
Figure 103: South Korea GDP – Composition of 2023, By Sector of Origin
Figure 104: South Korea Export and Import Value & Volume, 2023-2024 ($)
Figure 105: India Probiotics Market Value & Volume, 2023-2030 ($)
Figure 106: India GDP and Population, 2023-2024 ($)
Figure 107: India GDP – Composition of 2023, By Sector of Origin
Figure 108: India Export and Import Value & Volume, 2023-2024 ($)
Figure 109: Taiwan Probiotics Market Value & Volume, 2023-2030 ($)
Figure 110: Taiwan GDP and Population, 2023-2024 ($)
Figure 111: Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 112: Taiwan Export and Import Value & Volume, 2023-2024 ($)
Figure 113: Malaysia Probiotics Market Value & Volume, 2023-2030 ($)
Figure 114: Malaysia GDP and Population, 2023-2024 ($)
Figure 115: Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 116: Malaysia Export and Import Value & Volume, 2023-2024 ($)
Figure 117: Hong Kong Probiotics Market Value & Volume, 2023-2030 ($)
Figure 118: Hong Kong GDP and Population, 2023-2024 ($)
Figure 119: Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 120: Hong Kong Export and Import Value & Volume, 2023-2024 ($)
Figure 121: Middle East & Africa Probiotics Market Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 122: Russia Probiotics Market Value & Volume, 2023-2030 ($)
Figure 123: Russia GDP and Population, 2023-2024 ($)
Figure 124: Russia GDP – Composition of 2023, By Sector of Origin
Figure 125: Russia Export and Import Value & Volume, 2023-2024 ($)
Figure 126: Israel Probiotics Market Value & Volume, 2023-2030 ($)
Figure 127: Israel GDP and Population, 2023-2024 ($)
Figure 128: Israel GDP – Composition of 2023, By Sector of Origin
Figure 129: Israel Export and Import Value & Volume, 2023-2024 ($)
Figure 130: Entropy Share, By Strategies, 2023-2024* (%)Probiotics Market
Figure 131: Developments, 2023-2024*Probiotics Market
Figure 132: Company 1 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 133: Company 1 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 134: Company 1 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 135: Company 2 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 136: Company 2 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 137: Company 2 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 138: Company 3 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 139: Company 3 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 140: Company 3 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 141: Company 4 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 142: Company 4 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 143: Company 4 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 144: Company 5 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 145: Company 5 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 146: Company 5 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 147: Company 6 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 148: Company 6 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 149: Company 6 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 150: Company 7 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 151: Company 7 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 152: Company 7 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 153: Company 8 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 154: Company 8 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 155: Company 8 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 156: Company 9 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 157: Company 9 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 158: Company 9 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 159: Company 10 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 160: Company 10 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 161: Company 10 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 162: Company 11 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 163: Company 11 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 164: Company 11 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 165: Company 12 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 166: Company 12 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 167: Company 12 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 168: Company 13 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 169: Company 13 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 170: Company 13 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 171: Company 14 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 172: Company 14 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 173: Company 14 Probiotics Market Net Sales Share, By Geography, 2023 (%)
Figure 174: Company 15 Probiotics Market Net Revenue, By Years, 2023-2024* ($)
Figure 175: Company 15 Probiotics Market Net Revenue Share, By Business segments, 2023 (%)
Figure 176: Company 15 Probiotics Market Net Sales Share, By Geography, 2023 (%)

The Probiotics Market is projected to grow at a CAGR of 8.4% during the forecast period 2024-2030.

Global Probiotics Market size is estimated to be $68 billion in 2023 and is projected to reach $119.5 billion by 2030.

The leading players in the Probiotics Market are Kerry Group plc, BioGaia AB, Chr. Hansen Holding A/S, International Flavors & Fragrances, Inc., Nestle S.A., and Others.

Innovative product formulations and focus on gut-brain axis are the major trends in Probiotics Market.

Growing awareness and demand for health and wellness products and Technological advancements and research in microbiome science are expected to drive the growth of Probiotics market. Demand for health supplements and Expanding applications in functional foods and beverages to create growth opportunities in the market.