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Probiotics Market - Industry Analysis, 2030

The global probiotics market size was valued at $34.1 billion in 2020, and is projected to reach $73.9 billion by 2030, registering a CAGR of 8.6%.

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Probiotics Market - Industry Analysis, 2030

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  1. Probiotics Market Worth $73.9 billion by 2030 | CAGR 8.6% Global Opportunity Analysis and Industry Forecast 2021–2030

  2. Probiotics Market Overview increasing preference for probiotics dietary supplements has propelled the probiotics market growth. The international bodies' participation in probiotics product R&D, health benefits of probiotics-fortified foods, rise in consumer health consciousness, and technological advancement are all expected to accelerate the growth of the probiotics market. Download Sample Report The global probiotics market size was valued at $34.1 billion in 2020, and is projected to reach $73.9 billion by 2030, registering a CAGR of 8.6%. Probiotics are live microorganisms, which improve digestion and strengthen immunity. The growth in health concern among people coupled with increase in consumption of functional food has led to the huge demand for probiotics ingredient. Change in lifestyles and rise in consumption of junk food have encouraged people to opt for healthy products, including probiotics in their diet to remain fit and healthy.

  3. Probiotics Market Key Players Yakult Honsha Co., Ltd. BioGaia AB Danone E. I. du Pont de Nemours and Company Probi AB Ganeden, Inc. Protexin Nestle S.A. Chr. Hansen Holding A/S Lifeway Foods, Inc.

  4. Key Findings of the Study By region, Asia-Pacific was the highest revenue contributor, accounting for $12.3 billion in 2020, and is estimated to reach $27.6 billion by 2030, with a CAGR of 9.0%. By ingredient, the bacteria segment was the highest contributor to the market, with $24.0 billion in 2020, and is estimated to reach $51.4 billion by 2030, at a CAGR of 8.5% during the forecast period. By function, the preventative healthcare segment was the highest contributor to the market, with $18.1 billion in 2020, and is estimated to reach $42.3 billion by 2030, at a CAGR of 9.4% during the forecast period. Byapplication, the dietary supplements segment was the highest contributor to the market, with $15.6 billion in 2020, and is estimated to reach $35.8 billion by 2030, at a CAGR of 9.2% during the forecast period. By end user, the human segment was the highest contributor to the market, with $27.8 billion in 2020, and is estimated to reach $59.6 billion by 2030, at a CAGR of 8.5% during the forecast period.

  5. Key Market Segments By Ingredient By Application  Bacteria  Food & Beverages  Yeast  Dietary Supplements  Animal Feed By Function By End Use  Regular  Human Probiotics  Preventative Healthcare  Animal Probiotics  Therapeutic

  6. By Geography  North America  U.S  Canada  Mexico  Europe  UK  Germany  France  Italy  Rest of Europe  Asia-Pacific  China  Japan  India  Rest of Asia-Pacific  LAMEA  Latin America  Middle East  Africa

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