PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477138
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477138
Agricultural Probiotics Market size was valued at USD 1,632.98 Million in 2023, expanding at a CAGR of 7.91% from 2024 to 2032.
Agricultural probiotics, also referred to as soil probiotics or soil biotics, are beneficial microorganisms utilized in agricultural systems to enhance soil health, stimulate plant growth, and increase crop yield. The application of probiotics has expanded from human use to a variety of agricultural applications, including animals and plants. Plant probiotic microorganisms (PPM), also known as bioprotectants, biocontrollers, biofertilizers, or biostimulants, are advantageous microorganisms that provide a promising alternative to reduce health and environmental issues.
Agricultural Probiotics Market- Market Dynamics
Increasing awareness about soil health is expected to propel market demand
Agricultural probiotics contribute to these objectives by supporting soil health, reducing dependence on synthetic inputs, and fostering resilient farming systems capable of adapting to changing environmental conditions. The promotion and preservation of soil health are crucial for sustainable agriculture, biodiversity preservation, water management, climate regulation, and the long-term well-being of ecosystems and human societies. The Mission's overarching aim is to establish 100 living labs and lighthouses by 2030 to spearhead the transition towards healthy soils. The number of crops has increased by 85% within a year after soil testing, and technical information provided in soil health cards is now available in the local language, reaching 78% of the population. Additionally, ongoing advancements in biotechnology, microbiology, and agricultural sciences offer opportunities for increased productivity, healthier food production, water storage, and biodiversity conservation, thereby driving market growth. However, the lack of awareness and knowledge regarding soil health and quality has created a demand gap in the market.
Agricultural Probiotics Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.91% over the forecast period (2024-2032)
Based on Ingredient segmentation, bacteria was predicted to show maximum market share in the year 2023
Based on Form segmentation, dry was the leading type in 2023
Based on Product Type segmentation, Probiotic Food and Beverages was the leading type in 2023
Based on Distribution Channel segmentation, Hypermarkets / Supermarkets was the leading type in 2023
On the basis of region, Asia pacific was the leading revenue generator in 2023
The Global Agricultural Probiotics Market is segmented on the basis of Ingredient, Form, Product Type, Distribution channel, and Region.
The market is divided into two categories based on Ingredient: Bacteria and Yeast. Bacteria dominates the market. Agricultural probiotics consist of beneficial microorganisms, primarily bacteria and fungi, that are applied to seeds, soil, or plants to enhance their growth and health.
The market is divided into two categories based on Form: Dry an Liquid.Dry segment dominates the market. Dry agricultural probiotics are easier to handle, transport, and store, and they often have a longer shelf life.
The market is divided into three categories based on Product Type: Probiotic Food and Beverages, Probiotic Dietary Supplements, Animal Feed and Other. Probiotic Food and Beverages dominates the market. As consumer awareness of the health benefits of probiotics continues to grow, demand for probiotic food and beverages for both humans and animals is expected to increase.
The market is divided into four categories based on Distribution channel: Hypermarkets/ Supermarkets, Pharmacies / Drugstores, Specialty Stores, Online Stores and Other. Hypermarkets/ Supermarkets dominates the market. While agricultural probiotics are primarily used by farmers and growers, their availability in retail stores like hypermarkets and supermarkets provides an opportunity for home gardeners and hobbyists to access these products for their gardening needs.
Agricultural Probiotics Market- Geographical Insights
The market spans across various regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented based on the countries engaged in commercial activities. The Asia Pacific region leads the market owing to the rising demand for organic products and advancements in biotechnology. Within this region, countries have experienced a notable surge in the demand for organic food items. This demand is fueled by factors like increasing consumer awareness about health, concerns related to food safety, and a preference for sustainable farming methods. In 2018, the Chinese food industry generated 170.6 million metric tons of processed food. As per China Food Industry Statistics, organic food sales in China are anticipated to reach USD 13 billion by 2025. Europe is forecasted to emerge as the second-largest region for market expansion in the coming years, driven by the growing consumer focus on health and wellness.
In order to stay ahead in the agricultural probiotics market, companies are constantly striving to innovate and create new strains of beneficial microorganisms and exclusive formulations that provide distinct advantages to farmers. These advancements include strains that exhibit enhanced capabilities in nitrogen fixation, nutrient solubilization, disease suppression, and drought tolerance, among other desirable characteristics. To maintain a competitive edge, it is imperative for companies to invest in research and development. They are actively engaging in scientific studies, field trials, and collaborations with academic institutions to validate the effectiveness of their products and explore novel applications for microbial-based solutions in agriculture.
In a recent collaboration, the ingredients subsidiary of Arla, a dairy co-operative, has partnered with the largest insect farm in Northern Europe to reduce food waste in a more sustainable manner.
General Mills, through its venture investing arm 301 Inc., has spearheaded a funding round injecting USD12 million into NextFoods, a functional food company based in Boulder, CO, and its GoodBelly brand.
General Mills, known for producing Yoplait, Liberte, and Mountain High yogurt products, has revealed the initiation of a three-year regenerative dairy pilot program in western Michigan, a crucial sourcing area for its fluid milk production.
GLOBAL AGRICULTURAL PROBIOTICS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Arla Foods
BioGaia
Danone
General Mills
i-Health
Lallemand
Lifeway Foods
Nestle
Probi
Yakult Honsha
Others