Probiotics are live microorganisms that are intended to have health benefits when consumed or applied to the body. They are considered generally safe to consume, but may cause bacteria-host interactions and unwanted side effects in rare cases. Processed probiotics are also widely used in beauty products to target the skin microbiome. The global probiotics market is likely to register a CAGR of over 7.1% with an incremental growth of USD 31 billion during the forecast period 2022-2028.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global probiotics market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the probiotics industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the ingredient, function, application, sales channel, end use, and region. The global market for probiotics can be segmented by ingredient: lactobacillus, bifidobacterium, streptococcus, bacillus, others. Among these, the lactobacillus segment was accounted for the highest revenue generator in 2021. Probiotics market is further segmented by function: regular, therapy. The regular segment is estimated to account for the largest share of the global probiotics market. Based on application, the probiotics market is segmented into: food and beverage, dietary supplements, animal feed. On the basis of sales channel, the probiotics market also can be divided into: hypermarkets and supermarkets, pharmacies and drug stores, online channels, specialty stores, others. In 2021, the hypermarkets and supermarkets segment made up the largest share of revenue generated by the probiotics market. Probiotics market by end use is categorized into: human probiotics, animal probiotics. The probiotics market by region can be segmented into: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America.

By ingredient:
– lactobacillus
– bifidobacterium
– streptococcus
– bacillus
– others

By function:
– regular
– therapy

By application:
– food and beverage
– dietary supplements
– animal feed

By sales channel:
– hypermarkets and supermarkets
– pharmacies and drug stores
– online channels
– specialty stores
– others

By end use:
– human probiotics
– animal probiotics

By region:
– Asia Pacific
– Europe
– North America
– MEA (Middle East and Africa)
– Latin America

The food and beverage market is further segmented into bakery and confectionery, dairy products, infant formula, non-dairy beverages, others. The dairy products segment captured the largest share of the market in 2021 and is expected to maintain its dominance during the forecast period.

The market research report covers the analysis of key stake holders of the global probiotics market. Some of the leading players profiled in the report include BioGaia AB, Calpis Co.,Ltd., Chobani, LLC, Chr. Hansen A/S, Danone S.A., DuPont de Nemours, Inc., Estee Lauder Companies, Ganeden, Inc., Kikkoman Corporation, Lallemand Inc., Lifeway Foods, Inc., L’Oreal SA, Megmilk Snow Brand Co., Ltd., Meiji Holdings Co., Ltd., Morinaga Milk Industry Co., Ltd., Nestle S.A., Probi AB, Protexin Inc., Sabinsa Corporation, Stonyfield Farm, Inc., Unilever plc, Yakult Honsha Co., Ltd., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global probiotics market.
– To classify and forecast the global probiotics market based on ingredient, function, application, sales channel, end use, region.
– To identify drivers and challenges for the global probiotics market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global probiotics market.
– To identify and analyze the profile of leading players operating in the global probiotics market.

Why Choose This Report
– Gain a reliable outlook of the global probiotics market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.