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Probiotics Market Size

  • Report ID: GMI418
  • Published Date: Mar 2023
  • Report Format: PDF
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Probiotics Market Size

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.

 

Probiotics Market
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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.

Probiotics Market Report Attributes
Report Attribute Details
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:
  • Europe:
    • Increasing bakery product demand
    • Increases dairy products consumption
  • Asia Pacific:
    • Functional food market growth which will drive probiotics demand
    • Increased consumption of meat
  • LATAM
    • Growing consumption trends
  • North America:
    • Antibiotics ban in U.S.
Pitfalls & Challenges:
  • Functionality issue
  • Bacterial limitations
Learn more about the key segments shaping this market
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Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global Market size for Probiotics was valued at more than USD 2.5 billion in 2022 and is set to progress at nearly 8% CAGR over the next 10 years owing to expanding consumption of meat and functional food.

Baked foods application segment is poised to witness growth at over 7% CAGR through 2032 due to the increasing uptake of bakery foods with health benefits.

Lactobacilli segment was recorded at more than USD 1.8 billion in 2022 as a result of soaring demand for non-pharmacological treatments to reduce the cost of production for human probiotic applications.

Asia Pacific probiotics is projected to reach over USD 2.5 billion by 2032 on account of burgeoning consumption of functional foods, especially in developing countries such as China, Japan, and India in the APAC region.

Probiotics Market Scope

  • Probiotics Market Size
  • Probiotics Market Analysis
  • Probiotics Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 17
    • Tables & Figures: 418
    • Countries covered: 17
    • Pages: 328
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