Probiotic Strains Market was valued at USD 55.5 Billion in 2022 and is projected to reach USD 86.3 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The global probiotic strains market was valued at approximately USD 55 billion in 2022, with projections indicating a robust compound annual growth rate (CAGR) of 8.5% from 2023 to 2028. This growth is attributed to the increasing consumer awareness of health benefits associated with probiotics, such as improved gut health, enhanced immunity, and better digestion. The expanding application of probiotics in various sectors including dietary supplements, functional foods, and beverages has further driven market expansion. The probiotic strains market is expected to reach around USD 80 billion by 2028, reflecting a significant rise in demand across both developed and emerging economies.
Opportunities within the market are notably promising, driven by advancements in research and development of new probiotic strains with enhanced health benefits. The burgeoning interest in personalized nutrition and functional foods presents lucrative avenues for market participants. Additionally, emerging markets, particularly in Asia-Pacific and Latin America, exhibit substantial growth potential due to rising disposable incomes and increasing health-consciousness among consumers. These regions are anticipated to witness a surge in probiotic product adoption, bolstering market dynamics further. With continuous innovation and expanding consumer bases, the probiotic strains market is poised for dynamic growth and evolution in the coming years.
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DuPont
Chr. Hansen
Lallemand
BioGaia
Probi
Cerbios - Pharma
Morinaga Milk Industry
Protexin
Blis Technologies
Cultech
DuPont
Probiotical
Kerry Group
PrecisionBiotics
Unique Biotech
Biosearch Life
Synbiotech
Wecare-Bio
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Probiotic Strains Market
Functional Food and Beverage
Dietary Supplements
Animal Feed
Others
Based on Types the Market is categorized into Below types that held the largest Probiotic Strains market share In 2023.
Lactobacillus
Bifidobacterium
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Probiotic Strains Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Probiotic Strains Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Probiotic Strains Market, By Type
6. Global Probiotic Strains Market, By Application
7. Global Probiotic Strains Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Probiotic Strains Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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