Worldwide Probiotics Industry to 2025 - Featuring Probi, BioGaia & Nestle Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Probiotics Market by Product Type, Strain, Form, Sales Channel, and Geography - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The research report provides an in-depth analysis of the probiotics market in five major geographies and emphasizes the current market trends, market size, market share, recent developments, and forecast till 2027. The probiotics market is expected to grow at a CAGR of 6.7% from 2020 to 2027 to reach $76.7 billion by 2027.

The growth of this market is backed by the growing consumer awareness regarding the health benefits of probiotics, increasing use of probiotics as an alternative to antibiotics, growing research progress on the probiotics for newer applications, and growing proportion of aged population. Moreover, the growing use of probiotics for children and e-commerce growth are expected to create lucrative opportunities for players operating in this market. However, the regulations issued related to probiotics are expected to hinder the growth of this market to some extent.

The study offers a comprehensive analysis of the overall probiotics market with respect to strain, product type, form, sales channel, end-user, and geography. The global probiotics market is mainly segmented by strain (bacteria strain products and yeast strain products), product type (functional food & beverages, medical & dietary supplements, and animal feed), form (liquid and dry), sales channel (offline sales and online sales), end-user (human and animal), and geography. The study also evaluates industry competitors and analyses the market at a country level.

Based on strain, the bacteria strain segment is estimated to command the dominant share of the overall probiotics market in 2020. The large share of this segment is mainly attributed to the factors such as growing use of bacteria strain in a wide variety of commercial dairy products including sour and fresh milk, yogurt, and cheese, among others. In addition, the growing gastrointestinal and extraintestinal disorders (including prevention and alleviation symptoms of traveler's diarrhea and antibiotic-associated diarrhea, inflammatory bowel disease, lactose intolerance, and irritable bowel syndrome); increasing popularity among health-conscious consumers around the world; and rising preference for nutrient-rich food products is expected to boost the demand for bacterial strain probiotics. However, the yeast strain product segment is expected to grow with the fastest CAGR during the forecast period.

Market Dynamics

Drivers

• Growing Awareness Regarding the Benefits of Probiotic-Induced Foods
• Increasing Use of Probiotics as an Alternative to Antibiotics
• Growing Research on Probiotics

Restraints

• Complex Regulations Related to Probiotics

Opportunities

• Growing Use of Probiotics in Infant Feeding

Trends

• E-Commerce Growth

Companies Profiled

• Probi AB
• BioGaia AB
• Nestle S.A.
• Chr. Hansen Holding A/S
• Danone S.A.
• Yakult Honsha Co., Ltd.
• Lallemand, Inc.
• Lifeway Foods, Inc.
• Dupont De Nemours, Inc.
• Kerry Group PLC
• Archer Daniels Midland Co. (ADM)
• Deerland Probiotics and Enzymes, Inc.
• PepsiCo, Inc.
• Evolve Biosystems
• Cell Biotech Co., Ltd.
• Probiotical S.P.A.

For more information about this report visit https://www.researchandmarkets.com/r/wi6t5q