Home > Food & Beverages > Nutraceuticals > Probiotics Market
Probiotics Market size valued at USD 2.5 billion in 2022 and is projected to witness over 8% CAGR from 2023 to 2032. Driven by increasing consumption of functional food.
Probiotics are live bacteria or yeasts that naturally balance the harmful bacteria present in animals and humans. Probiotics help the immune system thereby improving animal’s health in order to maintain gut health and prevent pathogens prevalence. Growing occurrences of various diseases including diabetes, obesity, and cardiovascular diseases (CVD) should rise awareness levels among consumers and offers benefits associated with these ingredients thereby fueling the market growth.
Probiotic stimulate natural enzymes and digestive juices which ensures digestive and immune system proper functioning along with easy administration in food in the form of supplements. Sift in consumer preferences towards healthy food and dietary supplements due to increasing geriatric population and prevailing health issues accompanied with rise in demand for safe and healthy food products is likely to promote industry growth. Furthermore, the illegalization of antibiotics in the U.S. due to snowballing awareness regarding the harmful effects on animal health, thereby causing harm to human health as a result of high meat consumption in the nation is driving the market revenue.
Report Attribute | Details |
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Base Year: | 2022 |
Probiotics Market Size in 2022: | USD 2.70 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 8% |
2032 Value Projection: | USD 5.90 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 328 |
Tables, Charts & Figures: | 418 |
Segments covered: | Ingredients, Application, End-Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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Increasing awareness regarding harmful effects of antibiotics on animal health thereby causing harm to human health due to meat consumption should boost the probiotics market size. Probiotics are the natural substitute of antibiotics which acts as growth promoters without causing any potential risk to human and animal health.
The lactobacilli-based probiotics market size was recorded at more than USD 1.8 billion in 2022, on account of soaring demand for non-pharmacological treatments to reduce the cost of production for human probiotic applications. The lactobacilli bacterial strains regulate cholesterol profile and avoid side effects observed in conventional pharmacological treatments for cholesterol-related disorders.
The probiotics market from human probiotics segment is estimated to reach USD 5 billion by 2032, growing at a CAGR of 8% during the forecast period, attributed to snowballing awareness regarding a healthy diet. The human probiotics are combined with various food & beverage products to enhance taste, maintain good texture, and improve digestive health, thereby uplifting product adoption.
The probiotics market from food & beverage applications segment will expand at 8% CAGR through 2032. Increasing functional food demand accompanied with consumer consciousness towards nutritional benefits should drive the industry outlook. Presence of probiotics in commercial food products has certain health benefits which has led industries to focus on various food products applications.
The fermented meat products segment is poised to exhibit a CAGR of 10% till 2032. Lactic acid bacteria are common sources for probiotics in fermented meat products which offers nutritional benefits in the body. Increasing awareness of colon cancer owing to meat consumption has led to a rise in demand for fermented meat products which prevents the growth of pathogenic bacteria.
The Asia Pacific probiotics market is predicted to exceed USD 2.5 billion by 2032. The region is undergoing cumulative consumer demand for functional foods, especially in developing countries such as China, Japan, and India to enhance digestive disorders and treat skin problems. Increase in demand for probiotic based medicine for chronic diseases coupled with rise in concerns regarding animal health among livestock owners will influence the product demand.
Some of the leading companies involved in the probiotics market include :
These companies primarily engage in collaborative projects, partnership agreements, and acquisition plans with pharma companies to strengthen their business outlook. For instance, in November 2020, Kerry Group, a food, beverage, and pharma provider, announced plans to acquire Bio-K Plus International, a Canadian probiotics provider.
The probiotics industry witnessed a positive impact during the COVID-19 pandemic as a result of growing health concerns. The coronavirus infection had a very impeding effect on the digestive and immune systems which emphasized the need for an effective way to rebuild microorganisms in the body fluid. The rising importance of gut health has increased the demand for microorganism strains during the pandemic. As per the scientific study, 20 scientific strains were efficacious in improving anti-inflammatory interleukins and antibody production against viral diseases.
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Market, By Ingredients
Market, By End-Use
Market, By Application
The above information has been provided for the following regions and countries: