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The global probiotics market was valued at US$ 54.05 Billion in 2021.
We expect the global probiotics market to exhibit a CAGR of 7.70% during 2022-2027.
The rising adoption of preventive healthcare, along with the increasing awareness towards the health benefits of probiotics, such as strengthening the immune system, improving digestion, promoting healthy skin, etc., is primarily driving the global probiotics market.
The sudden outbreak of the COVID-19 pandemic has led to the growing demand for probiotics as an immunity booster that promote the production of natural antibodies in the body, thereby reducing the risk of the coronavirus infection.
Based on the ingredient, the global probiotics market has been segmented into bacteria and yeast, where bacteria currently holds the majority of the total market share.
Based on the distribution channel, the global probiotics market can be divided into supermarkets and hypermarkets, pharmacies/drugstores, specialty stores, online stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.
Based on the application, the global probiotics market has been categorized into food and beverages, dietary supplements, and animal feed. Among these, the food and beverage segment currently accounts for the majority of the global market share.
Based on the form, the global probiotics market can be segregated into dry and liquid. Currently, liquid holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global probiotics market include Biogaia AB, Chr. Hansen Holding A/S, Danone S.A., General Mills Inc, i-Health Inc (Koninklijke DSM N.V.), Kerry Group plc, Lallemand Inc., Lifeway Foods Inc, Morinaga Milk Industry Co. Ltd., Nestlé S.A., PepsiCo Inc, Probi (Symrise AG), and Yakult Honsha Co.Ltd.
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