Probiotics Market Growth, Size & Share (2022-27) | Industry Report

 

Market Overview:

The global probiotics market is expected to grow at an 8.08% CAGR between 2022 and 2027.

Because of the COVID-19 pandemic, there has been an increase in demand for products that enhance immunity, which is expected to benefit the probiotics industry. As a result of such reasons, large product releases are taking place to meet the expanding demand. In Asia-Pacific, India had the most new foods, drinks, and supplements with immune-boosting claims launched in the recent five months, followed by Australia and Indonesia. Meluka Australia, a subsidiary of ASX-listed Eve Investment, debuted a new product, Meluka honey and probiotic tonic, in April 2020. According to the business, it is the first of its sort in the domestic market. ​

The growing preference for natural products among consumers is a major factor impacting market expansion. The market is expanding due to consumers’ increasing demand for preventative healthcare and the benefits of probiotic bacteria on health. The increased consumption of functional foods, which, in addition to providing basic nutrition, have the potential to improve health, has increased demand for probiotics. Obesity, digestive difficulties, gastrointestinal infections, vaginal infections, and other diseases affect the majority of people today. Given this, market participants have created probiotic products to aid in the treatment of such disorders. The impact of the spike in health concerns on the probiotics market is minimal, but it is projected to grow in the near future.

Scope of the Report:

Probiotics are living bacteria and yeasts that are beneficial to people’s health, particularly their digestive tract. Probiotic meals, probiotic drinks, dietary supplements, and animal feeds comprise the global probiotics market. Yogurt, bakery/breakfast cereals, baby food and infant formula, and other probiotic foods are all sub-categories of probiotic food. Fruit-based probiotic beverages and dairy-based probiotic drinks are the two types of probiotic drinks. The market is divided into supermarkets/hypermarkets, pharmacies and health shops, convenience stores, online retail stores, and other distribution channels based on distribution channel. The research also includes an examination of the major regions, which include North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The research provides market size and predictions for the aforementioned sectors in USD million.

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