Wilmington, Delaware, United States, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global probiotics market is estimated to flourish at a CAGR of 8.0% from 2023 to 2031. According to Transparency Market Research, sales of probiotics are slated to total US$ 18.4 billion by the end of the aforementioned period of assessment.
Ongoing studies focusing on the human microbiome reveal novel insights into the diverse applications of probiotics beyond gut health. Emerging research explores the intricate connection between microbiota and various health conditions, propelling innovative probiotic solutions targeting specific health concerns.
Probiotics' potential benefits in sports nutrition and performance enhancement are gaining attention. Athletes and fitness enthusiasts increasingly integrate probiotics to aid recovery, bolster immunity, and optimize overall health, opening new market avenues within the sports nutrition sector.
Download Sample Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=386
The aging population's increased susceptibility to digestive issues and interest in preventive healthcare fuel demand for probiotics. Targeted formulations catering to senior health needs, such as immune support and digestive health, drive market growth within this demographic segment.
Key Findings of the Market Report
- Capsules dominate the probiotics market, offering convenient delivery of probiotic strains, ensuring potency, stability, and ease of consumption for consumers.
- Bottles are the leading packaging type in the probiotics market, offering convenience and suitability for various probiotic formulations and applications.
- Online sales are the leading sales channel for the probiotics market, offering convenience, accessibility, and a wide product range to consumers globally.
Probiotics Market Growth Drivers & Trends
- Increasing consumer awareness of gut health benefits and preventive healthcare drives the global demand for probiotics in supplements, functional foods, and beverages.
- Diverse applications in dairy products, infant formula, animal feed, and pharmaceuticals leverage probiotics' health-promoting properties, expanding market opportunities.
- Advances in probiotic strain development, encapsulation techniques, and delivery systems enhance product efficacy, stability, and shelf life, driving market innovation.
- Growing regulatory approval for probiotics in various industries fosters market growth ensures quality standards and boosts consumer confidence in probiotic products.
- Efforts in educating consumers about the relationship between gut health and overall well-being fuel increased adoption, stimulating market expansion globally.
Have Any Query? Ask Our Experts: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=386
Global Probiotics Market: Regional Profile
- Renowned for its health-conscious consumer base and advanced healthcare infrastructure, North America leads the probiotics market. The region's robust demand for dietary supplements, functional foods, and probiotic-enriched beverages fosters market growth. An emphasis on preventive healthcare and rising awareness of the gut-brain connection further drives adoption.
- Europe is a critical probiotic market with a strong focus on natural and organic products. A well-established food and beverage sector and stringent regulations favoring probiotic inclusion in various products amplify market demand. Growing interest in personalized nutrition and innovative probiotic applications supports market expansion.
- Asia Pacific is a lucrative probiotic region that boasts a large consumer base and thriving dairy markets. Countries like Japan, China, and India exhibit significant demand for probiotic supplements and functional foods, driven by rising health awareness and traditional consumption of fermented products.
Product Portfolio
- BioGaia AB offers a diverse product portfolio centered on probiotic solutions. Their range includes probiotic supplements, drops, and oral health products, leveraging patented strains to promote digestive health, immune support, and overall well-being for consumers across various age groups globally.
- Probi AB displays an extensive product lineup specializing in probiotic and gut health solutions. Their portfolio includes probiotic strains, customized blends, and formulations for dietary supplements, functional foods, and pharmaceuticals, targeting improved gut health and overall wellness.
- Nestle S.A. presents a comprehensive portfolio featuring numerous nutritional products and functional foods. Their offerings include probiotic-infused yogurts, drinks, and supplements, catering to diverse consumer needs for digestive health and overall wellness, aligning with Nestle's commitment to nutrition, health, and well-being.
Probiotics Market: Competitive Landscape
The probiotics market displays a competitive landscape shaped by key players striving for market dominance. Companies like Chr. Hansen Holding A/S, Danone S.A., Yakult Honsha Co., Ltd., and Nestle S.A. maintain significant market shares, leveraging robust research and development capabilities to innovate probiotic strains, formulations, and applications.
Intense competition drives strategic partnerships, acquisitions, and product diversification, focusing on expanding market reach and enhancing product portfolios. Differentiated product offerings, quality assurance, and a focus on consumer education and trust remain pivotal, creating a dynamic ecosystem where innovation and credibility are essential for sustained competitiveness and leadership in the probiotics market.
Some prominent manufacturers are as follows:
- Chr. Hansen Holding A/S
- BioGaia AB
- Probi AB
- Nestle S.A.
- DuPont
- Procter & Gamble Company
- ADM
- Lallemand Inc.
- Pfizer Inc.
- PharmaCare Laboratories
- Dr. Willmar Schwabe Group
- SymbioPharm GmbH
Probiotics Market: Key Segments
By Form
- Dry
- Tablets/Caplets
- Capsules
- Powders/Granules
- Chewables
- Liquid
By Packaging Type
- Blisters
- Bottles
- Containers
- Sachets
- Stick Packs
- Droppers
- Others
By Sales Channel
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Sales
- Pharmacies/Drugstores
By Region
- North America
- Latin America
- West Europe
- East Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Get Exclusive Discount on Probiotics Market at: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=386
More Trending Reports by Transparency Market Research –
Waxy Maize Starch Market – The global waxy maize starch market is projected to grow at a CAGR of 5.8% and reach US$ 6.49 billion by 2032, driven by its diverse industrial applications and functional properties.
Astaxanthin Market - The global astaxanthin market is projected to grow at a value CAGR of 10.2% from 2022 to 2032, reaching an estimated US$ 2001.5 million by the end of 2032.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
