Probiotics Market Outlook, Trend, Growth And Share Estimation Analysis By 2030

 

Reports and Data has recently published a new market research report titled Global Probiotics Market Forecast to 2030. The report has been formulated through extensive research and provides insights into the paradigm shifts observed in the market to assist readers maximize on their investments and capitalize on the recent development and competitive landscape of the global market. The report is an exhaustive assessment of the crucial aspects of the market including key geographical regions, technology, product types, application spectrum, key companies operating in the market, and overall industry overview.

According to the current analysis of Reports and Data, the global Probiotics Market was USD 61.2 Billion in 2021 and is projected to grow at a CAGR of 8.4% from 2021 to 2030. The World Health Organization (WHO) defines these products as “live microorganisms which, when administered in sufficient amounts, confer a health benefit on the host.” To be labeled as probiotic, scientific evidence for the health benefit have to be documented by the manufacturer to regulatory authorities such as FDA or European Commission. They play a significant role in preventive healthcare as they prevent the occurrence of diseases by strengthening the immune system.

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Key Players:

BioGaia AB, Danone, Chr. Hansen Holding, Yakult Honsha Co. Ltd., Probi AB, Lifeway Foods, Inc., Nestle S.A., Ganeden, Inc., Du Pont, and Protexin are some of the significant players in the market. In July 2019, DuPont opened a world-class fermentation unit to expand its capacity. The plant is now producing high-quality probiotics for food and beverage industries, which have the potential to afford health benefits to users of all ages.

Market Overview:

The food and beverage industry is involved in transforming raw food materials into consumer food products. The sector includes groceries, oils and fats, food additives, functional foods and beverages, canned food, packaged foods, health and natural foods, baby food, animal food, syrup, baked food, soft drinks, alcoholic and non-alcoholic drinks, energy drinks, and packaging. The companies in this industry are looking for innovations in food that meet the changing consumer’s preferences in terms of global flavors, and varieties. The touchless transactions, open kitchen concept, ghost kitchens and e-commerce trends (especially during Covid 19) are reshaping the food and beverage sector.

Further Key Findings From The Report Suggest:

• By ingredient type, yeast ingredients are expected to grow at a CAGR of 9.1% during the forecast period. Various biological activities associated with yeast-based and bacteria-based probiotics ingredients make them supreme for use in a variety of applications exceeding the food sector. Notwithstanding their contribution to fermented foods concerning flavor innovation, yeast-based ingredients aid to enhance the health and productivity in growing and lactating animals. Saccharomyces Boulardii is the most broadly used yeast type in the industry owing to its restorative property to help withstand harsh bile and pancreatic juices and other stomach acids.
• Government regulations differ among countries. However, the status of probiotics as a component in food is currently not established on an international basis. For the most part, these come under food and dietary supplements because most are delivered by mouth as foods. These are differentiated from drugs in several ways, especially for claims. Medications are allowed to claim effectiveness in the mitigation, treatment, or cure of a disease, whereas feed additives, foods, and dietary supplements can only make general health claims. CFU (colony forming units) is currently the most widely recognized measure of live microbial used by FDA and foreign governmental organizations.

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Regional Outlook (Revenue, USD Million; 2019-2030)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Segments Covered In The Report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the probiotics market on the basis of ingredient, function, form, application, end use, distribution channel, and region:

Function (Qualitative analysis)

• Regular
• Preventative Healthcare
• Therapeutic

Ingredient (Revenue, USD Million; 2019-2030)

• Bacteria
• Lactobacilli
• Streptococcus Thermophilus
• Bifidobacterium
• Escherichia
• Enterococcus
• Others
• Yeast
• Saccharomyces boulardii
• Others (Cerevisiae Species)

Form (Revenue, USD Million; 2019-2030)

• Powder
• Liquid
• Others

Application (Revenue, USD Million; 2019-2030)

• Probiotic Food & Beverages
• Beverages
• Probiotic Dietary Supplements
• Animal Feed Probiotics

End user (Revenue, USD Million; 2019-2030)

• Human Probiotics
• Animal Probiotics

Distribution Channel (Revenue, USD Million; 2019-2030)

• Hypermarkets/Supermarkets
• Pharmacies/Drugstores
• Specialty Stores
• Online Stores

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Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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