The global Probiotics
Market is foreseen to grow at 8.2%, from USD 59.7 Billion in 2021 to USD 112.1 Billion
in 2029. Health benefits associated with probiotic-fortified foods, the increasing
popularity of probiotic dietary supplements, Participation of international
bodies in R&D of probiotic products are the factors driving the growth of
the global Probiotics Market. However, International quality standards and
regulations for probiotic products, High R&D costs for developing new
probiotic strains is anticipated to restraint the market growth for the
estimated period.
Market Definition
What is Probiotics?
Probiotics are
live microorganisms that are intended to have health benefits when consumed or
applied to the body. They can be found in yogurt and other fermented foods,
dietary supplements, and beauty products.
Research Scope
The report
provides market value for base year 2021 and a yearly forecast from 2022 to
2029 in terms of revenue (USD Million). Market for each segment is present on
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
as well as regional basis for the above-mentioned forecast period.
Key industry
dynamics, regulatory scenario, major material dynamics and Probiotics future
markets are analyzed to understand their impact on demand for the forecast
period. Growth rates have been estimated using correlation, regression and
time-series analysis.
Market Overview
Probiotics
Market report also provide a thorough understanding of the cutting-edge
competitive analysis of the emerging market trends along with the drivers,
restraints, challenges, and opportunities in the Probiotics Market to offer
worthwhile insights and current scenario for making right decision. The report
covers the prominent players in the market with detailed SWOT analysis,
financial overview, and key developments of the products/services from the past
three years. Moreover, the report also offers a 360º outlook of the market
through the competitive landscape of the global industry player and helps the
companies to garner Probiotics Market revenue by understanding the strategic
growth approaches.
Probiotics Market
study by “Zettabyte Analytics” provides details about the market dynamics
affecting the market, Market scope, Market segmentation and overlays shadow
upon the leading market players highlighting the favorable competitive
landscape and trends prevailing over the years.
Market Segmentation
For the purpose
of this report, the global Probiotics Market is segmented on the basis of Product
Type, Ingredient, Form, End User, Distribution Channel and region:
By Product Type
|
Animal Feed Probiotics
|
Probiotic Dietary
Supplements
|
Probiotic Food & Beverages
|
|
|
By Ingedient Type
|
Bacteria
|
Yeast
|
|
|
By Form Type
|
Dry
|
Liquid
|
|
|
By End Use
|
Animal Probiotics
|
Human Probiotics
|
|
|
By Distribution Channel
|
Hypermarkets/Supermarkets
|
Online Stores
|
Pharmacies/Drugstores
|
Specialty Stores
|
Other Distribution
Channels
|
Product Type Outlook:
On the basis of
Product Type, the market is segmented into Animal Feed Probiotics, Probiotic
Dietary Supplements, Probiotic Food & Beverages.
Figure 1 - Probiotics Market, By Product Type
(Market Size And Forecast By Value - USD Million, 2021 & 2029)