According to Arizton’s latest research report, the global probiotics market is growing at a CAGR of 8.39% during 2023-2029.
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Report Scope
Market Size (2029): $115.07 Billion
Market Size (2023): $70.97 Billion
CAGR (2023-2029): 8.39%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product, Ingredients, Age Group, Distribution Channels, Application, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
In 2023, the global probiotics market for yeast was valued at $8.47 billion and is projected to reach $12.76 billion by 2029. Saccharomyces boulardii, a tropical yeast commonly used in probiotics, plays a significant role. It supports intestinal health by protecting against pathogens and effectively treats and prevents conditions such as antibiotic-associated diarrhea (AAD) and Clostridium difficile infections. Additionally, Saccharomyces boulardii aids in managing HIV/AIDS-associated diarrhea and enhances eradication rates in Helicobacter pylori infections. It is used in beer fermentation, dairy products, and functional foods in the food and beverage industry. It offers benefits like cholesterol reduction and has antioxidant, antibacterial, antiviral, and anti-carcinogenic properties.
The major players focus on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the probiotics industry and access commercially launched products. For instance, in 2022, Nestle launched a product in infant microbiome under the brand name WYETH S-26 ULTIMA in collaboration with Pennington Biomedical Research Center.
North America Leads Probiotics Market with 36% Share in 2023
In 2023, North America held over 36% of the global probiotics market share. This dominance is driven by growing health consciousness and increasing awareness among consumers. The rising demand for digestive health products has prompted food and beverage producers to launch new offerings with digestive benefits. Companies are employing strategies such as mergers, acquisitions, and strategic partnerships to enhance their market presence. For example, in 2021, BioGaia introduced Immune Boost in collaboration with Everidis in North America. This product line includes drops for young children, tablets for children, and capsules for adults, reflecting the region’s focus on expanding its probiotic offerings.
Geography
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North America
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The US
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Canada
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Europe
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Germany
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France
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The UK
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Italy
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Spain
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APAC
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China
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Japan
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India
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Latin America
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Brazil
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Mexico
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Argentina
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Middle East & Africa
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Turkey
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Saudi Arabia
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South Africa
Why This Report?
This report provides
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A thorough insight into the structure and size of each industry segment.
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An Analysis of several micro-market indicators considering growth factors, industry prospects, and strategic contribution to the industry.
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Overviews of top manufacturers/marketed products, pipeline analysis, clinical trial analysis, competitive landscape, vendor profiles, mergers & acquisitions.
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Provide strategic planning, such as comprehensively understanding consumer behavior, competitors, new product development, geographic market expansion, and merger & acquisition pipelines.
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Insights to formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing various competitors’ performance.
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Identifies emerging players with potentially strong product portfolios and creates effective counter strategies to gain a competitive advantage.
Pediatrics: The Fastest Growing Segment With a CAGR of 8.87%
Probiotics market for pediatrics to grow substantially
In 2023, the global probiotics market for pediatrics is projected to reach $29.17 billion by 2029.
Pediatrics encompasses infants, toddlers, children, and teenagers. Research indicates that probiotics can significantly benefit gut health in children. The American Academy of Pediatrics notes that probiotics effectively treat antibiotic-associated diarrhea, viral gastroenteritis, irritable bowel syndrome (IBS), atopy, infantile colic, and ulcerative colitis, and reduce food allergies. Daily probiotic use over three months can alleviate diarrhea and respiratory issues in children. However, probiotics may pose risks for children with cancer or weakened immune systems.
Probiotics for young children are available in powder or drop forms, commonly administered through milk, water, or food. It is crucial to avoid adding probiotics to hot liquids or foods, as high temperatures can destroy their effectiveness. Companies guide proper usage to ensure probiotics’ health benefits while maintaining the product’s integrity.
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Key Company Profiles
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Nestle
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Probi
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Danone A/S
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Chr. Hansen Holdings Inc
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Yakult Honsha Co.,Ltd.
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Arla Foods
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International Flavours & Fragrances Inc.
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ADM
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General Mills Inc
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BioGaia
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AB-Biotics
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DuPont
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Lallemand Inc
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Lifeway Foods Inc
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Kerry Group plc
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Sanzyme Biologics
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Mother Dairy Fruit & Vegetable Pvt Ltd (Mother Dairy)
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Deerland Probiotics & Enzymes
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Sacco System
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Cultech
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Goerlich Pharma
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Winclove Probiotics
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China-Biotics Inc.
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COSMAX NBT, Inc.
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PepsiCo
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Morinaga Milk Industry Co., Ltd
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AllergoSan USA, LLC
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Teva Pharmaceuticals
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Novozymes
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Wren Laboratories
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PanTheryx
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DSM-Firmenich
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Sanofi
Market Segmentation
Product
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Functional Food & Beverages
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Dietary Supplements
Ingredients
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Bacteria
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Yeast
Age Group
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Adults
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Pediatrics
Distribution Channels
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Supermarkets & Hypermarkets
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Departmental Stores
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Drug Stores
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Online Stores
Application
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Digestive Health
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Immune Health
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Metabolic Health
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Others
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Key Questions Answered in the Report:
How big is the global probiotics market?
What is the projected growth rate of the global probiotics market?
What are the rising trends in the probiotics industry?
Which region holds the most significant global probiotics market share?
Who are the key players in the global probiotics market?
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