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Probiotics Market size to exceed $4.15bn by 2027

  • Published Date: May 10, 2021

Probiotics market size is set to surpass USD 4.15 billion by 2027, according to a new research report by Global Market Insights, Inc

Growing acceptance of functional food owing to rising consumer awareness for several health benefits which includes enhancing immunity system and maintaining overall health is likely to accelerate industry growth. Manufacturers are engaging in innovative practices to ensure technological advancements and for launching new products in the form of biscuits, gums, and chocolates, which is projected to accelerate probiotics industry outlook. For instance, In June 2019, Australian Food and Pharmaceutical Industries (AFPI) launched a probiotic chewing gum which improves oral health and also enhances gut health.

The ability of Bifidobacterium ingredients to prevent foodborne infectious diseases should accelerate probiotics market demand

Global probiotics industry from Bifidobacteria ingredients witnessed a consumption over 48.5 kilo tons in 2020 with significant market growth projected through 2027. Bifidobacterium finds extensive adoption in nutraceuticals owing to its colon cell binding properties, improved immune functions, anti-tumor effects and enhances production of biogenic metabolites.

Bifidobacterium helps in preventing food borne diseases owing to its cell adhesion properties which promotes its adhesion to epithelial intestinal tissue inhibiting microbial attack. Changing lifestyles has led to a rise in consumption of junk foods which is likely to increase the potential of food borne bacterial infections, thus promoting product demand. Bifidobacterium is used in the manufacture of fermented vegetable products such as kimchi & sauerkraut, fermented dairy items such as tempeh & yogurt along with soy products like tempeh which may stimulate product demand.

“Probiotics demand from Bifidobacterium is set to register over 8% CAGR through 2027, pertaining to growing adoption in pharmaceuticals”

Browse key industry insights spread across 310 pages with 368 market data tables and 52 figures & charts from the report, “Probiotics Market Forecasts By Ingredients (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), End-Use (Human, Animal), Application (Food and Beverages {Dairy Products, Non-Dairy Products, Cereals, Baked Food, Fermented Meat Products, Dry Food}, Dietary Supplements {Food, Nutritional, Specialty Nutrients, Infant Formula}, Animal Feed), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

Growing demand for animal products and rising incidence of livestock diseases should stimulate probiotics demand from animal end-use

Probiotics market from animal end-use is projected register over 9% CAGR in the forecast timeframe. Rising demand for various animal products such as wool & meat and growing demand for nutrient-rich livestock feed among breeders pertaining to rising animal health concerns should drive market outlook. These products are increasingly used in commercial animal production to alter gastrointestinal flora, thereby improving productivity and animal health.

“Probiotics market from animal end-use surpassed USD 175 million in 2020 owing to product ability to enhance growth performance”

Increasing consumer preference for preventive healthcare should drive probiotics demand from dietary supplement application

Global probiotics market size from dietary supplements application is projected to surpass USD 360 million by 2027. Rising demand for preventive medicines, increased digestive ailments among the elderly and lack of a balanced diet are likely to drive product demand from the dietary supplement industry. Consumer increasingly prefer probiotics-based food supplements owing to the growing adoption of unhealthy diets, their ability to offer multiple bacterial strains in a potent dose, and the reduced nutrient uptake capability in the elderly.

Increasing research & development efforts to produce stronger probiotic strains along with growing awareness of the link between health and diet may stimulate probiotic demand from specialty nutrient applications. The growing health & wellness trend in the food & beverage industry has also influenced the baby food sector resulting in manufacturers of infant formula & infant supplements incorporating probiotic ingredients.

“Probiotics demand from dietary supplements should register over 9% CAGR up to 2027 owing to increased digestive disorders among the elderly population”

Increasing demand for baked products and booming dairy industry in Europe should drive regional market growth

Europe probiotics market is expected witness over 8% CAGR between 2021 and 2027 on account of the increasing concerns regarding disease outbreak in poultry animals which has amplified the requirement for maintaining meat safety and quality. The region has witnessed the implementation of favorable regulations to promote probiotics usage along with growing consumption of probiotic dietary supplements to treat medical disorders such as lactose intolerance and inflammatory bowel disease.

Prominent probiotic manufacturers are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to enlarge product portfolio or expand their regional distribution networks. The major players in the global probiotics market include Nestle, Yakult Honsha, Danone and Chr. Hansen.

Authors: Kunal Ahuja, Kritika Mamtani