Dublin, July 23, 2021 (GLOBE NEWSWIRE) -- The "Global Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, & Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global probiotics market is estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period.
Factors affecting the growth of the probiotics market are health benefits associated with probiotic-fortified foods and technological advancements in probiotic products.
Key drivers for the market's growth are the increasing use of high nutritional content in foods due to increasing consumer awareness about healthy diets. In Asian countries, particularly in Japan, the increase in the aging population is a lucrative opportunity for the sale of probiotic supplements in the region. The stringent regulations for probiotics products to meet the international quality standards is acting as the major restraint.
Yeast is projected to be the fastest growing ingredient of probiotics
Based on ingredients, the yeast segment is projected to be the fastest-growing during the forecast period. The increasing demand for products incorporating Saccharomyces boulardii, a unique tropical yeast with several beneficial, effects on human intestinal health positively. Increasing awareness about the health benefits of probiotics has driven the consumption of probiotic yogurts in developing countries such as China, Brazil, and India. In Japan, a variety of probiotic-containing products are available in supermarkets, ranging from fortified drinks to candies containing strains from the Lactobacillus and Bifidobacterium genera.
The food & beverages application segment for probiotics is estimated to account for the largest share in 2020
Based on application, the food & beverages segment is estimated to account for the largest share in the probiotics market in 2020. The products under this category include foods & beverages that offer distinct health benefits beyond fundamental nutrition, due to their specific ingredients. The food & beverages segment is the largest revenue-earning market across regions.
High growth is projected in the Asia Pacific probiotics market
The Asia Pacific is projected to be the fastest-growing market for the period considered for this study, owing to the rising disposable income, urbanization, and the increase in demand for nutritional food products, along with the growing technology base, leading to the increased demand for probiotics in the region. The rapid economic growth in countries such as China, Japan, Brazil, and Argentina has led to a significant increase in the disposable incomes of livestock owners. This, in turn, is driving the demand for probiotic-based food, making the Asia Pacific the fastest-growing market globally.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities In the Probiotics Market
4.2 Probiotics Market Size, by Region
4.3 Probiotics Market, by Application, 2021 Vs. 2026
4.4 Probiotics Market Share, by form, 2021 Vs. 2026
4.5 Probiotics Market, by End User, 2021-2026
4.6 Probiotics Market, by Ingredient, 2021
4.7 Probiotics Market: Major Regional Submarkets
4.8 COVID-19 Impact On the Probiotics Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Health benefits associated with probiotic-fortified foods
5.2.1.2 Increasing popularity of probiotic dietary supplements
5.2.1.3 Participation of international bodies in R&D of probiotic products
5.2.1.4 Rising health consciousness among consumers
5.2.1.5 Technological advancements in probiotic products
5.2.1.6 Market competitiveness in the probiotics market
5.2.2 Restraints
5.2.2.1 International quality standards and regulations for probiotic products
5.2.2.2 High R&D costs for developing new probiotic strains
5.2.2.3 Instances of allergies to some probiotic supplements
5.2.3 Opportunities
5.2.3.1 Probiotics can replace pharmaceutical agents
5.2.3.2 Ban on the use of antibiotic growth promoters in feed in the Eu
5.2.3.3 Increase in demand for probiotics in developed economies
5.2.3.4 Change in consumption pattern with the growing incidence of chronic diseases
5.2.3.5 Rising consumer awareness related to value-added products
5.2.4 Challenges
5.2.4.1 Complexities in integrating probiotics in functional foods
5.2.4.2 Intolerance of probiotics to stomach acid and bile
6 Industry Trends
6.1 Introduction
6.2 Supply Chain
6.3 Technology Analysis
6.3.1 Indication-Specific formulations To Improve Metabolic Activity of Microbes
6.3.2 Microencapsulation To Enhance Viability of Probiotics
6.3.3 Probiotics and Artificial Intelligence
6.4 Pricing Analysis: Probiotics Market
6.5 Ecosystem of Probiotics
6.5.1 Probiotics Market: Ecosystem Map
6.6 YC-YCC Shift: Trends/Disruptions Impacting the Customer'S Business
6.7 Porter'S Five forces Analysis
6.7.1 Probiotics Market: Porter'S Five forces Analysis
6.7.2 Threat of New Entrants
6.7.3 Threat of Substitutes
6.7.4 Bargaining Power of Suppliers
6.7.5 Bargaining Power of Buyers
6.7.6 Intensity of Competitive Rivalry
6.8 Regulatory Framework
6.8.1 North America
6.8.1.1 United States
6.8.1.2 Canada
6.8.2 Europe
6.8.3 Asia Pacific
6.8.3.1 Japan
6.8.3.2 Australia & New Zealand
6.8.3.3 India
6.8.4 South America
6.8.4.1 Brazil
6.9 Patent Analysis
6.10 Case Studies
6.11 COVID-19 Impact Analysis
7 Probiotics Market, by Distribution Channel
7.1 Introduction
7.1.1 Hypermarkets/Supermarkets
7.1.1.1 High-growth prospects for probiotic manufacturers in Asia Pacific
7.1.2 Pharmacies/Drugstores
7.1.2.1 In the United States, the demand for dietary supplements will increase amid the rise in the old age population
7.1.3 Specialty Stores
7.1.3.1 Specialty stores provide a variety of probiotic dietary supplements to various categories of people
7.1.4 Online
7.1.4.1 Online shopping to gain consumer interest in the coming years
8 Probiotics Market, by Ingredient
8.1 Introduction
8.2 Bacteria
8.2.1 Bacteria Plays A Major Role In Building Immunity Among People
8.2.2 Lactobacilli
8.2.2.1 Lactobacillus acidophilus
8.2.2.2 Lactobacillus rhamnosus
8.2.2.3 Lactobacillus casei
8.2.2.4 Lactobacillus reuteri
8.2.3 Bifidobacterium
8.2.4 Streptococcus thermophilus
8.3 Yeast
8.3.1 Probiotics Are Widely Used for Several therapeutic Purposes
8.3.2 Saccharomyces Boulardii
9 Probiotics Market, by Application
9.1 Introduction
9.2 Functional Food & Beverages
9.2.1 Dairy Products
9.2.1.1 Yogurt is one of the conventionally used probiotics in dairy products
9.2.2 Non-Dairy Beverages
9.2.2.1 An increase in lactose-intolerant consumers drives the market for non-dairy probiotic beverages
9.2.3 Infant formula
9.2.3.1 Nestle and other key players are involved in the production of infant formula probiotics boosting the segment's growth
9.2.4 Cereals
9.2.4.1 The potential of developing countries being influenced by Western eating habits is now considered by the leading companies
9.2.5 Other Applications
9.3 Dietary Supplements
9.3.1 Dietary Supplements Are An Alternative To Fulfill the Diet Deficiencies
9.4 Feed
9.4.1 The Market for Probiotics In Feed Is Highly Affected by the Increased Demand for Quality Animal Products
10 Probiotics Market, by End User
10.1 Introduction
10.2 Human
10.2.1 Popular Sources of Probiotics, Such As Yogurt, Have Gained Traction Across Asia Pacific
10.3 Animal
10.3.1 Ban On Synthetic Antibiotics To Boost the Probiotics Market In Feed
11 Probiotics Market, by form
11.1 Introduction
11.2 Dry
11.2.1 Dry Probiotics Are Popular In the Feed Space Due To their Enhanced Shelf Life
11.3 Liquid
11.3.1 Liquid Probiotics A Popular Choice Among Kids
12 Probiotics Market, by Region
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis, 2020
13.3 Key Player Strategies
13.4 Revenue Analysis of Key Players, 2018-2020
13.5 COVID-19-Specific Company Responses
13.5.1 ADM
13.5.2 DuPont
13.5.3 Kerry Group
13.5.4 Nestle
13.5.5 CHR Hansen
13.6 Company Evaluation Quadrant (Key Players)
13.6.1 Star
13.6.2 Pervasive
13.6.3 Emerging Leaders
13.6.4 Participants
13.6.5 Product Footprint
13.7 Startup/SME Evaluation Quadrant (Startups/SMEs)
13.7.1 Progressive Companies
13.7.2 Starting Blocks
13.7.3 Responsive Companies
13.7.4 Dynamic Companies
13.8 Competitive Scenario and Trends
13.8.1 Product Launches, Deals, and Other Developments
13.8.2 Deals
13.8.3 Others
14 Company Profiles
14.1 Key Companies
14.1.1 Probi AB
14.1.2 Nestle
14.1.3 Archer Daniels Midland Company
14.1.4 Danone
14.1.5 DuPont
14.1.6 Yakult Honsha
14.1.7 General Mills
14.1.8 Kerry
14.1.9 CHR. Hansen
14.1.10 BioGaia
14.1.11 Morinaga
14.1.12 Glac Biotech
14.1.13 Deerland Probiotics & Enzymes
14.1.14 Lallemand
14.1.15 Lesaffre
14.2 Other Players
14.2.1 BIOHM Health
14.2.2 Sun Genomics
14.2.3 Unique Biotech Ltd
14.2.4 Mystical Biotech
14.2.5 Folium Science
15 Adjacent and Related Markets
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pkl4qv