Global Probiotics Market Opportunities and Forecast 2023-2030

Probiotics Market Overview

The probiotics market is experiencing a positive impact mainly due to the key role of probiotics in system health. in particular of probiotics, especially, were hailed as a good supplementary technique for try the virus. in step with Yakult Honsha, year-on-year sales results of Yakult branded probiotic product enhanced by eleven.5% in March and ten.3% in April 2020. Also, Probi and Danone militia witnessed growth in their probiotic demand amid COVID-19. Meanwhile, Meiji Holdings proclaimed that its dairy farm products' price sales, as well as food, old positive growth throughout February and April in 2020, and also the year-on-year rate of growth registered seven.4% in March 2020. purposeful probiotic food product have discovered a rise in sales throughout the pandemic.
 
However, food & potable corporations across the planet still feel the impact of COVID-19. Social distancing, self-isolation, and city-wide lockdowns have forced several institutions to shut in countries across the planet. In the U.K., the U.S., and Australia, food market chains have began to enforce new rules to curb panic shopping for, whereas suppliers and manufactory employees have place further health and safety measures in situ to stay customers safe. Moreover, the makers of client food & potable product face considerably reduced consumption and noncontinuous provide chains. The food & potable trade has witnessed a small downfall because of the lockdowns obligatory across numerous countries. of these factors restricted the demand for probiotics within the market. for example, Yakult according that the COVID-19 pandemic had caused its business in China to expertise a come by sales within the initial 2 months of 2020.
 
The animal feed probiotic is facing a shortage in provide in several regions because of an absence of correct steerage for essential commodities. Moreover, in some regions, lockdowns are proclaimed to manage the pandemic, impacting vehicle movement carrying eutherian mammal, feed, and feed ingredients. together with the danger of animal feed suppliers retardation their production or closing altogether, farmers also are involved that they'll ought to slow or stop shambles operations and keep their animals for a extended amount because of lower demand, requiring them to use additional feed than usual.

Report Metric	Details
Market size available for years	2023–2030
Base year considered	2023
Forecast period	2024–2030
Forecast unit	Value (USD Million)
Segments covered	Strain, Product Type, Sales Channel and Region
Regions covered	North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered	Arla Foods, Inc., BioGaia AB, Chr. Hansen Holding A/S, Danone, Danisco A/S, General Mills Inc., i-Health Inc., Lallemand Inc., Lifeway Foods, Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., Kerry, Nestle S.A., Probi, Yakult Honsha Co., Ltd.

The covid-19 Impact on Probiotics  Market:

Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
 
Probiotics Market Segment Overview



Based on strain, the yeast strain product segment is expected to grow with the period CAGR throughout the forecast amount. Factors like a ban on antibiotic usage in animal put in many European and North American countries and increasing use of yeast strain in practical foods are the main drivers for this section. Besides, increasing demand for yeast strain-based medicines because of well-tried positive results for reducing the risk of chronic diseases, like diarrheas|symptom} and bowel diseases associated with antibiotic use, is expected to spice up its demand within the forecast amount.
 
Based on product sort, the functional food & beverages segment is predicted to command the largest share of the probiotics market in 2020. the large share of this market is mainly attributed to the growing consumer interest in practical food, notably probiotics that may support biological process health, rising health and well-being trends, and therefore the growing application of probiotics in food. Moreover, growing client preference for purchasing snacks containing ingredients with digestive health edges and rising fortification of foods & beverages with science-backed probiotic ingredients is predicted to fuel the demand for practical probiotic food and beverages.
 
Based on sales channel, the offline sales section is predicted to the biggest share of the probiotics market in 2020. the large share of this section is principally attributed to the rising range of pharmacies and therefore the growing probiotics supplement industry in the U.S. offers important opportunities for supermarket owners and different stores.
 
Market Analysis, Insights and Forecast – By Strain
·       Lactobacillus
·       Biofidabactrium
·       Yeast

Market Analysis, Insights and Forecast – By Product Type
·       Dairy Food {Yogurt}
·       Baked Food
·       Animal Feed

Market Analysis, Insights and Forecast – By Sales Channel
·       Super Markets
·       Pharmacies
·       Convenience Store
·       Online
 
Probiotics Market Regional Overview

Region-wise, in terms of regions, In 2020, Asia-Pacific is anticipated to command the largest share of the general probiotics market. the large share of this market is principally attributed to the increasing consumer awareness regarding digestive health, growing diabetic and overweight population, and rising innovations in probiotic formulations. additionally, the increasing trend across the Asia-Pacific region for non-dairy probiotic food (cereal-based fruits and vegetable juices) and therefore the presence of key players are more supporting the expansion of this market within the region.

Probiotics Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Probiotics Market Competitor overview

Some key developments and strategies adopted by manufacturers in Probiotics are highlighted below.
 
·       In 2020, Ganeden, Inc., a U.S.-based probiotic ingredient manufacturer, supplies probiotic juices for the elderly, children, and athletes.

Probiotics Market, Key Players

·       Arla Foods, Inc.
·       BioGaia AB
·       Chr. Hansen Holding A/S
·       Danone
·       Danisco A/S
·       General Mills Inc.
·       i-Health Inc
·       Lallemand Inc.
·       Lifeway Foods, Inc.
·       Mother Dairy Fruit & Vegetable Pvt. Ltd.
·       Kerry
·       Nestle S.A.
·       Probi
·       Yakult Honsha Co., Ltd.
 

Frequently Asked Questions (FAQ) :

Q1. What is the total CAGR expected to be recorded for the Probiotics market during the forecast period?

Q2. Which segment is projected to hold the largest share in the Probiotics Market?

Q3. What are the driving factors for the Probiotics market?

Q4. Which Segments are covered in the Probiotics market report?

Q5. Which are the prominent players offering Probiotics?