Global Probiotics Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Probiotics Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Probiotic Foods (Yogurt, Bakery/Breakfast Cereals, Baby Food and Infant Formula, Other Probiotic Foods), Probiotic Drinks (Fruit-based Probiotic Drinks, and Dairy-based Probiotic Drinks), Dietary Supplements, and Animal Feeds/Foods), Distribution Channel (Supermarkets/Hypermarkets, Pharmacies and Health Stores, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Probiotics Market was valued at USD 62,840.5 million in 2023 and is expected to reach USD 117,177.7 million by 2031 while growing at a CAGR of 8.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global probiotics market growth. Probiotics, live microorganisms primarily consisting of bacteria and yeast, offer health benefits when consumed in adequate amounts. Referred to as "good" or "friendly" bacteria, they positively impact the health of the host, usually the human body.
Increasing consumer awareness of the importance of maintaining a healthy gut and the rising demand for functional foods drive the growth of the probiotics market. However, obstacles such as sensitivity to environmental factors and regulatory challenges may hinder market expansion.
Furthermore, the global probiotics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Probiotics Market is segmented among Probiotic Foods, Probiotic Drinks, Dietary Supplements, and Animal Feeds/Foods, based on type. In 2023, Probiotic Foods accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Distribution Channel Analysis
The Global Probiotics Market is segmented among Supermarkets/Hypermarkets, Pharmacies and Health Stores, Convenience Stores, Online Retail Stores, and Other Distribution Channels, based on Distribution Channels. In 2023, Supermarkets/Hypermarkets accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Probiotics Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are PepsiCo Inc., Nestle SA, Danone SA, Yakult Honsha Co. Ltd, Now Foods, BioGaia, Reckitt Benckiser LLC, Morinaga Milk Industry Co. Ltd, Amway Corp., and Lifeway Foods Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Probiotics Market Dynamics
Drivers
Restraints
Opportunity
4. Global Probiotics Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Probiotics Market Segmentation, By Type
Global Probiotics Market Share Analysis, By Type
Global Probiotics Market Growth Analysis, By Type
Global Probiotics Market Trends, By Type
o Probiotic Foods
Ø Yogurt, Bakery/Breakfast Cereals
Ø Baby Food and Infant Formula
Ø Other Probiotic Foods
o Probiotic Drinks
Ø Fruit-based Probiotic Drinks
Ø Dairy-based Probiotic Drinks
o Dietary Supplements
o Animal Feeds/Foods
6. Global Probiotics Market Segmentation, By Distribution Channel
Global Probiotics Market Share Analysis, By Distribution Channel
Global Probiotics Market Growth Analysis, By Distribution Channel
Global Probiotics Market Trends, By Distribution Channel
o Supermarkets/Hypermarkets
o Pharmacies and Health Stores
o Convenience Stores
o Online Retail Stores
o Other Distribution Channels
7. Global Probiotics Market Segmentation, By Region
Global Probiotics Market Share Analysis, By Region
Global Probiotics Market Growth Analysis, By Region
Global Probiotics Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
PepsiCo Inc*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Nestle SA
Danone SA
Yakult Honsha Co. Ltd
Now Foods
BioGaia
Reckitt Benckiser LLC
Morinaga Milk Industry Co. Ltd
Amway Corp.
Lifeway Foods Inc
*Similar analysis will be provided for each company listed above.