NEWARK, Del, Oct. 25, 2022 (GLOBE NEWSWIRE) -- According to a recent research report by Future Market Insights, the global vegan probiotics market is estimated to reach a valuation of US$ 11.8 Bn by 2032. The market is projected to reach US$ 5.1 Bn by the end of 2022 and exhibit growth at a CAGR of 8.8% in the forecast period from 2022 to 2032.
Beneficial bacteria, also known as friendly bacteria, dwell in the intestines and are known as probiotics. It is their mission to maintain a healthy gut and immune system. Patients with irritable bowel syndrome (IBS) have found the product to be incredibly helpful in their therapy. These are also useful for treating diarrhea. Although there has been little study, they are likely to be beneficial for a small number of skin problems such as eczema.
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Traditionally, dairy products like yogurt, cheese, and milk have been the most common sources of probiotics. Lactose intolerant people and those who do not eat dairy products, on the other hand, dislike them. The greatest non-dairy choices available in various sales channels like hypermarkets/supermarkets and online channels are vegan or plant-based probiotics, including kombucha, coconut kefir, coconut yogurt, miso, sour pickles, and olives.
Key Takeaways from the Vegan Probiotics Market Study
- North America vegan probiotics market is expected to generate nearly 38% of the share in the forecast period.
- The U.S. is set to hold about 65% of the vegan probiotics market share in North America vegan probiotics market by the end of 2032.
- Europe vegan probiotics market is expected to account for around 31% of share in the evaluation period.
- Germany vegan probiotics market holds 22% of the share in Europe.
- Asia Pacific is expected to generate 20% of the vegan probiotics market share during the forecast period.
- China is set to account for 32% of the vegan probiotics market share in Asia Pacific.
"Leading companies are striving to reduce the side effects of their in-house products owing to the rising consumption of antibiotics, which is likely to push the development of organic and vegan probiotics with rising efficiency. Apart from that, growing geriatric population who is more prone to risks associated with chronic diseases such as diabetes, cancer, and strokes, is likely to aid growth," says a lead analyst at Future Market Insights.
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Competitive Landscape: Vegan Probiotics Market
The global vegan probiotics market is highly competitive in nature. Industry giants such as Beyond Meat, Impossible Foods, and Oatly are witnessing a spike in terms of demand for plant-based food alternatives as they partner up with eateries and huge corporations.
Some of the leading companies offering vegan probiotics products are Naturelo, Yakult, Lallemand Inc., DSM, PlantFusion, LoveBug Probiotics, Custom Probiotics Inc., Wellbeing Nutrition., and Nature Made.
Vegan Probiotics Market Outlook by Category
By Source:
- Bacteria
- Yeast
By Sales Channel:
- Modern Trade
- Franchised Outlets
- Specialty Store
- Online Channel
By End Use:
- Food & Beverages
- Nutrition Industry
- Health Care
- Fitness
- Others
By Product Type:
- Kombucha
- Soy Milk
- Coconut Kefir
- Coconut Yogurt
- Miso
- Sour Pickles
- Olives
- Sauerkraut
- Supplements
- Others
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
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Have a Look at Related Research Reports of Food and Beverage
Multistrain Probiotics Market Size: The global multistrain probiotics market is forecasted to be valuated at US$ 156.25 billion by 2032, up from US$ 66 billion in 2022
D-Lactate Free Probiotics Market Share: The global D-lactate free probiotics market size is expected to reach US$ 84.92 Billion in 2032. The D-lactate free probiotics market is growing rapidly
Single-strain Probiotics Market Trends: Single-strain probiotics contain a specific type of bacteria that has been known to impart specific health benefit or control the occurrence of an ailment.
Probiotics after Antibiotic Recovery Market Analysis: The global probiotics after antibiotic recovery market size is expected to reach US$ 91.77 Billion in 2032
Vegan Pasta Market Outlook: The Vegan Pasta Market is estimated to be valued at USD 176 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 416.7 Mn by 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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