According to a research survey conducted by ChemView Consulting, in 2022, the Global Probiotic Strains Market was worth US$ 64.8 Bn and is expected to grow at a CAGR of 7.5% over the forecast period. The market is expected to hit US$ 115.6 Bn by 2030 end.
Probiotic strains are utilized to improve overall health and gastrointestinal microbiota. When ingested in sufficient quantities, probiotics have beneficial effects on the body, such as better gut health and reduced intestinal inflammation. Probiotics are important in preventive healthcare since they improve the immune system and help prevent disease.
Probiotic Strains Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Probiotic Strain’s growth during the next eight years
- Assessment of the historical and current Global Probiotic Strains Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/probiotic-strains-market/
Key Takeaways
By Source: The bacteria category topped the global market with a revenue share of more than 80.0% in 2021. The bacterial strains in probiotic foods provide health benefits, such as increased lactase production, diarrhea prevention, irritable bowel syndrome (IBS), and enhanced immunity of Lactobacilli.
Most probiotics are bacterial, with Lactobacillus or lactic acid bacteria being the most common. These components are mostly used in fermented foods, including kefir, sauerkraut, yogurt, and kimchi. Another important application segment for bacterial details is dietary supplements.
By Application: The probiotic food and beverages sector topped the global market with a revenue share of more than 75.0% in 2021.
Probiotics are incorporated to increase the overall nutritional value as well as the flavor of the baked goods. Probiotic muffins and nutritious bars, among others, have been introduced into the market. The consumption of these probiotic-infused baked products has increased in recent years due to the rising inclination toward preventive healthcare
By Form: The dry form is expected to dominate the market over the forecast period due to cheaper transportation costs than the liquid form. Manufacturers and suppliers prefer dry probiotic components because they have a longer shelf life.
By Region: In 2021, Asia Pacific commanded more than 40.0% worldwide revenue share. Because of the competitive techniques used by multinational firms, the region is seeing a significant increase in consumer awareness. Demand from countries such as India, China, and Australia is helping to drive overall development. The expanding population, rising disposable income, and improved standard of life are predicted to fuel regional market expansion.
The strong demand for functional foods and dairy products, large regional players, and awareness of the benefits of employing probiotics are all factors that influence these market shares.
Competition Summary
The probiotic ingredient competitive environment is fragmented, with several large and small competitors concentrating in the market. Because the emphasis is on human-use products, competition is fierce to supply the functional food and pharmaceutical businesses, where demand is considerable. New firms aiming to break into the probiotic components market to serve the animal feed sector are seeing significant growth.
Key companies covered in the market study are Arla Foods, Inc., BioGaia AB, Chr. Hansen Holding A/S, Danone, Danisco A/S, General Mills Inc., i-Health Inc., Lallemand Inc., Lifeway Foods, Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., Kerry, Nestle S.A., Probi and Yakult Honsha Co., Ltd.
Segments Covered in Report
By Source:
- Bacteria
- Lactobacillus
- Bifidobacterium
- Streptococcus and Enterococcus
- Yeast
- Saccharomyces cerevisiae
- Saccharomyces boulardi
- E-Coli
By Form:
- Dry
- Liquid
By Application:
- Functional Foods & Beverages
- Dairy Products
- Yogurt
- Cheese
- Other dairy products
- Non-dairy Products
- Vegetable-based probiotic products
- Fruit-based probiotic products
- Meat-based probiotic products
- Pharmaceuticals
- Dietary Supplements
- Tablets
- Probiotic Drinks
- Powders
- Capsules
- Animal Nutrition
- Others (include strains used in cosmetics and personal care)
By End-User:
- Human
- Animal
By Distribution Channel:
- Hypermarkets/Supermarkets
- Pharmacies/Drugstores
- Specialty Stores
- Online Stores
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
About ChemView Consulting’s Food & Beverage Domain
ChemView Consulting’s Food & Beverage domain provides unique, reliable, and in-depth analysis while highlighting opportunities for growth for companies in the food and beverage industry with a focus on plant-based meat options, clean labels, and nutritionally dense and plant-based ingredients. Our research helps us better understand consumer demand and shifting preferences. In addition, we assist companies in developing strategies to attract new customers and retain existing strongholds. The comprehensive coverage includes Food Additives & Ingredients, Food Supplements, Food Processing & Processed Food, and Beverages. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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