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Probiotics Market

Global Probiotics Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

Global Probiotics Market was valued at US$ 54.7 Billion in 2020 and is anticipated to reach US$ 91.2 billion by 2027 displaying an elevated CAGR of ~ 7% over the forecast period (2021-2027). A growing prevalence of gastrointestinal-related problems across the globe is one of the prominent reasons contributing to the growing demand for probiotics. In 2019, the United States has 22% of the adult population suffering from gastrointestinal diseases while Japan has only 9% of the adult population suffering from Gastrointestinal disease. According to the National Institute of Diabetes and Digestive and Kidney Diseases, somewhere between 60 million and 70 million Americans suffer from gastrointestinal problems, leading to nearly 250,000 deaths each year. These conditions are responsible for close to 50 million hospital visits and 21.7 million hospital admissions annually Also, the number of visits to emergency departments with diseases of the digestive system as the primary diagnosis: 7.9 million in the United States, as revealed by the Centers for Disease Control and Prevention.

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Promoting healthy diets and lifestyles to reduce the global burden of noncommunicable diseases requires a multisectoral approach involving the various relevant sectors in societies.  A rise in communicable and non-communicable diseases across the globe is resulting out in the demand for immune products such as probiotics and other supplements. In addition, a healthy diet helps to prevent malnutrition in all its forms as well as a range of noncommunicable diseases (NCDs) and conditions. However, increased production of processed foods, rapid urbanization, and changing lifestyles have led to a shift in dietary patterns. People are now consuming more foods high in energy, fats, free sugars, and salt/sodium, and many people do not eat enough fruit, vegetables, and other dietary fiber such as whole grains. Therefore, a rise in consumer awareness about the health benefits of probiotics over food is leading to the growing demand, globally.

A growing emphasis on the diet among individuals across the globe is leading to the growing demand for healthy food and diets including Probiotics. As per FAOSTAT, the availability of calories per capita from the mid-1960s to the late 1990s increased globally by approximately 450 kcal per capita per day and by over 600 kcal per capita per day in developing countries. However, this change is not equal across regions. Moreover, the per capita supply of calories has remained almost stagnant in sub-Saharan Africa and has recently fallen in the countries in economic transition.

The COVID-19 pandemic has had a dramatic impact on people’s s diet, health, and wellbeing. The fear of disease and concern over mental wellbeing have risen sharply. The demand for functional food which delivers wellbeing benefits such as immunity and stress management witnessed a sharp rise.  As per research by DuBow, at the starting of June of 2020, around 56% of the consumers had increased their sports nutrition supplements use within the prior six weeks. Moreover, the same growth was registered in 2021 too.

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Based on the Application, the market is fragmented into Functional Food and Beverages, Dietary Supplements, Feed.

 The functional food and beverage segment grabbed the leading market share in 2020 and gathered USD XX Mn. Moreover, the market of this segment is expected to skyrocket by 2027 by growing at an exponential CAGR during 2020-2021.  

Based on the Form the market is fragmented into Dry and Liquid. The liquid segment grabbed the leading market share and dominated the market. The benefits of the dry form of probiotic such as longer shelf life, easy to carry, attractive packaging, etc. are gaining end-users traction.

Additionally, the report provides detailed initiatives that are being taken in the field of Probiotics. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market and grabbed major market share in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising disposable income and surging awareness about the healthy diet in the countries such as China, India, and Japan.

Global Probiotics Market Segmentation

Market Insight, by Application

  • Functional Food and Beverages
  • Dietary Supplements
  • Feed

Market Insight, by Form

  • Dry
    • Tablets/ Caplets
    • Capsules
    • Powder/ Granules
    • Chewable
  • Liquid

Market Insight, by Packaging Type

  • Blister
  • Bottles
  • Container
  • Sachets
  • Stick packs
  • Dropper
  •  Others

Market Insight, by Distribution Channel

  • Hypermarket/ Supermarket
  • Pharmacy/ Drugstore
  • Specialty Stores
  • Online Sales

Market Insight, by Ingredients

  • Bacteria
  • Yeast

Market Insight, by End-User

  • Human
  • Animal

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Spain
    • Italy
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • AB Electrolux
  • Ali S.p.A.
  • Carrier Corporation
  • Duke Manufacturing.
  • Falcon Professional Kitchen L.L.C
  • Illinois Tool Works Inc.
  • Manitowoc Foodservice
  • Rational AG
  • The Middleby Corporation

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