PUBLISHER: BCC Research | PRODUCT CODE: 1630509
PUBLISHER: BCC Research | PRODUCT CODE: 1630509
The global market for probiotics is expected to grow from $69.8 billion in 2024 and is projected to reach $102.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.9% during the forecast period of 2024 to 2029.
The Asia-Pacific probiotics market is expected to grow from $29.5 billion in 2024 and is projected to reach $44.8 billion by the end of 2029, at a CAGR of 8.7% during the forecast period of 2024 to 2029.
The European probiotics market is expected to grow from $17.6 billion in 2024 and is projected to reach $25.7 billion by the end of 2029, at a CAGR of 8.7% during the forecast period of 2024 to 2029.
The report provides market projections for the probiotics market from 2023 through 2029 and analyzes the market shares of leading companies. The probiotics market is segmented by application into food and beverage, dietary supplements, animal feed and others. It is further segmented by genus into Lactobacillus, bifidobacterium, streptococcus, bacillus and others, and by function into regular and therapy. The end-user market is segmented into probiotics for humans and probiotics for animals. By sales channels, the market is segmented into hypermarkets and supermarkets, pharmacies, online, specialty stores and others. Regional estimates and forecasts include North America, Asia-Pacific, Europe, South America, and the Middle East and Africa.