Probiotics Market by Function, Source, Form, Distribution, Application

List of Tables

The Probiotics Market was valued at USD 63.32 billion in 2023, expected to reach USD 69.72 billion in 2024, and is projected to grow at a CAGR of 10.47%, to USD 127.15 billion by 2030.

Probiotics are live microorganisms providing health benefits when consumed in adequate amounts, usually in foods like yogurt or dietary supplements. Their scope includes maintaining gut health, boosting immunity, and improving overall well-being by restoring the natural balance of gut bacteria. The necessity for probiotics arises from increasing consumer awareness of digestive health, rising incidences of digestive disorders, and the growing demand for functional foods. Their applications extend beyond the food and beverage sector into pharmaceuticals, animal feed, and cosmetics. Key end-use sectors include food and beverage industries, healthcare, and personal care. The market is propelled by the escalating demand for natural and organic products and the shifting consumer focus towards preventive healthcare. The flourishing interest in personalized nutrition and advances in genomic science further fuel market expansion. Opportunities lie in the development of new probiotic strains, expanding into emerging markets with high unmet needs for gut health products, and the growing trend of customizable products. Despite its potential, the market faces challenges such as stringent regulatory frameworks and the necessity for extensive scientific substantiation, which may hinder product approvals and market entry. Additionally, maintaining the viability of probiotics in various formulations and ensuring stability and shelf-life pose significant manufacturing challenges. Opportunities for innovation exist in areas like strain-specific probiotics, targeted delivery systems, and exploring unexplored health benefits, such as mental health impacts or metabolic diseases. Research in probiotics and prebiotics' synergistic effects could unlock new potential in the market. The market remains dynamic, with competitors increasingly investing in research and development to diversify product portfolios and capture a larger market share. Addressing regulatory challenges through robust scientific evidence will be crucial in unlocking market potential and driving future growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 63.32 billion
Estimated Year [2024]	USD 69.72 billion
Forecast Year [2030]	USD 127.15 billion
CAGR (%)	10.47%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Probiotics Market

The Probiotics Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising Inclination Toward Preventive Healthcare
- Consumption of Probiotic-Based Foods & Beverages
- Increasing Use of Probiotics in Animal Feeds
Market Restraints
- Issues Related to Product Recalls and High Cost of Probiotic Foods
Market Opportunities
- Emerging Application in Personalized Nutrition and Precision Medicine
- Research & Development of Probiotics and Probiotics Food
Market Challenges
- Concerns Regarding Addition of Probiotic Cultures to Food and Possible Harmful Effects

Porter's Five Forces: A Strategic Tool for Navigating the Probiotics Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Probiotics Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Probiotics Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Probiotics Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Probiotics Market

A detailed market share analysis in the Probiotics Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Probiotics Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Probiotics Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Probiotics Market, highlighting leading vendors and their innovative profiles. These include BioCC LLC, Chr. Hansen Holding A/S, Arla Foods, Inc., Royal DSM N.V., Greentech, Roelmi HPC, MITUSHI BIOPHARMA, Archer Daniels Midland Company, DuPont de Nemours, Inc., Novozymes A/S, Lifeway Foods, Inc., Provita Eurotech Limited, Yakult Honsha Co., Ltd., Lesaffre & CIE, Probiotical SpA, Mother Dairy Fruit & Vegetable Pvt. Ltd., Bio Armor Developpement S.A.R.L., Alltech, Inc., Asahi Group Holdings, Ltd., Reckitt Benckiser Group plc, Synbio Tech Inc., Nestle S.A., Lallemand Inc., Probi AB, BioGaia AB, Sabinsa Corporation, Land O'lakes, Inc., Kerry Group PLC, Evonik Industries AG, Schouw & Co., and Morinaga Milk Industry Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Probiotics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Function, market is studied across Bone Health, Gut Health, Immunity, Nutrition, and Productivity.
Based on Source, market is studied across Bacteria and Yeast. The Bacteria is further studied across Bifidobacterium, Lactobacilli, and Streptococcus Thermophilus.
Based on Form, market is studied across Liquide and Solid.
Based on Distribution, market is studied across Hypermarkets/Supermarkets, Online, Pharmacies/Drugstores, and Specialty Stores.
Based on Application, market is studied across Dietary Supplements, Feed, and Functional Food & Beverages.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-430D3EB72B03

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Inclination Toward Preventive Healthcare
  - 5.1.1.2. Consumption of Probiotic-Based Foods & Beverages
  - 5.1.1.3. Increasing Use of Probiotics in Animal Feeds
- 5.1.2. Restraints
  - 5.1.2.1. Issues Related to Product Recalls and High Cost of Probiotic Foods
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Application in Personalized Nutrition and Precision Medicine
  - 5.1.3.2. Research & Development of Probiotics and Probiotics Food
- 5.1.4. Challenges
  - 5.1.4.1. Concerns Regarding Addition of Probiotic Cultures to Food and Possible Harmful Effects
5.2. Market Segmentation Analysis
- 5.2.1. Function: Growing usage of probiotics as a novel intervention for promoting bone health
- 5.2.2. Form: Rising preference for liquid probiotics due to immediate absorption and faster onset of effects
- 5.2.3. Distribution: Growing availability of probiotics across online platforms due to its 24/7 services
- 5.2.4. Application: Expanding significance of probiotics for dietary supplements with
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental
5.5. Client Customization

6. Probiotics Market, by Function

6.1. Introduction
6.2. Bone Health
6.3. Gut Health
6.4. Immunity
6.5. Nutrition
6.6. Productivity

7. Probiotics Market, by Source

7.1. Introduction
7.2. Bacteria
- 7.2.1. Bifidobacterium
- 7.2.2. Lactobacilli
- 7.2.3. Streptococcus Thermophilus
7.3. Yeast

8. Probiotics Market, by Form

8.1. Introduction
8.2. Liquide
8.3. Solid

9. Probiotics Market, by Distribution

9.1. Introduction
9.2. Hypermarkets/Supermarkets
9.3. Online
9.4. Pharmacies/Drugstores
9.5. Specialty Stores

10. Probiotics Market, by Application

10.1. Introduction
10.2. Dietary Supplements
10.3. Feed
10.4. Functional Food & Beverages

11. Americas Probiotics Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Probiotics Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Probiotics Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. L'Oreal Acquires Lactobio to Expand Precision Probiotics Expertise
- 14.3.2. Blue Aqua, SCD Probiotics Partner to Build Probiotics Manufacturing Plant in Singapore
- 14.3.3. SIG and AnaBio Technologies Unveil First Global Launch Of Long-Life Probiotic Yogurt In Aseptic Packaging

Companies Mentioned

1. BioCC LLC
2. Chr. Hansen Holding A/S
3. Arla Foods, Inc.
4. Royal DSM N.V.
5. Greentech
6. Roelmi HPC
7. MITUSHI BIOPHARMA
8. Archer Daniels Midland Company
9. DuPont de Nemours, Inc.
10. Novozymes A/S
11. Lifeway Foods, Inc.
12. Provita Eurotech Limited
13. Yakult Honsha Co., Ltd.
14. Lesaffre & CIE
15. Probiotical SpA
16. Mother Dairy Fruit & Vegetable Pvt. Ltd.
17. Bio Armor Developpement S.A.R.L.
18. Alltech, Inc.
19. Asahi Group Holdings, Ltd.
20. Reckitt Benckiser Group plc
21. Synbio Tech Inc.
22. Nestle S.A.
23. Lallemand Inc.
24. Probi AB
25. BioGaia AB
26. Sabinsa Corporation
27. Land O'lakes, Inc.
28. Kerry Group PLC
29. Evonik Industries AG
30. Schouw & Co.
31. Morinaga Milk Industry Co., Ltd.