Market Insights:
The global Probiotics Market was valued at around USD 63.8 billion in 2022 and is expected to reach USD 97.4 billion by 2032, with a compound annual growth rate of 4.3% from 2023 to 2032. Probiotics are microscopic organisms that naturally occur within the body and have a major impact on the health and look of the skin. The market for Probiotics Market is rising in North America and Europe. The Probiotics Market has experienced rapid expansion in recent years, and the same pattern is anticipated to be true throughout the coming years.
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Competitive Landscape
- BioGaia AB
- Danone S.A.
- DuPont
- General Mills Inc.
- Kerry Group plc
- Koninklijke DSM N.V.
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Nestlé S.A.
- NOURI
- Probi
- Verb Biotics
- Yakult Honsha Co., Ltd.
Regional Analysis:
The North American region is experiencing rapid growth in the probiotics market due to factors such as a strong food industry, the presence of leading players, and a high incidence of lifestyle diseases such as diabetes and obesity. Manufacturers’ on-going investments in the food, beverage, and pharmaceutical industries are expected to further boost the growth of the market. In line with this, companies are investing in research and development to create new probiotic products that cater to various age groups and genders.
Another area that is predicted to have the second-largest market share in the market is Europe. Several important nations, including the UK, Germany, France, and Spain, are in charge of emphasising anti-aging products. The probiotic mask helps most Europeans maintain healthy skin to remain hydrated for a long time.
National and international businesses from all over the world compete with one another for the top spot in the probiotic market. The producers of the market are always working to provide new products that will not only be inexpensive for the general public but also have a positive effect on the skin of the consumers in order to gain a strong place in the market.
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Market Segmentation:
The global probiotics market is segmented as follows:
By Ingredient
- Bacteria
- Yeast
By Application
- Probiotics Food & Beverages
- Probiotics Dietary Supplements
- Probiotics Animal Feed
- Others
By End-user
- Human Probiotics
- Animal Probiotics
By Distribution Channel
- Hypermarkets/Supermarkets
- Pharmacies/Drugstores
- Specialty Stores
- Online Stores
- Others
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Recent Development
In October 2022: Nouri launched a new prenatal probiotic supplement that supports the mother’s microbiome. Nouri’s Prenatal Health is designed to support the mother’s microbiome during pregnancy, when the function and composition of the gut microbiome changes due to hormonal changes and it supports nutrient absorption, immunity, and mood while reducing common gastrointestinal symptoms during pregnancy, such as nausea, stomach upset and bloating.
In September 2021: Ginkgo Bioworks launched Verb Biotics which identifies and designs new probiotic bacterial strains with improved properties such as human nutrition, health, and well-being. Ginkgo and Verb aim to unlock the benefits of gut microbes with precision and specificity to truly deliver on the promise of microbes for human health.
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