The report "Probiotics Market by Application (Functional Food & Beverages (Dairy Products, Non-dairy Beverages, Infant Formula, Cereals), Dietary Supplements, Feed), Ingredient (Bacteria, Yeast), Form (Dry, Liquid), End User, & Region - Global Forecast to 2026", was estimated to be valued at USD 61.1 billion in 2021 and is projected to reach USD 91.1 billion by 2026, at a CAGR of 8.3% during the forecast period.
Probiotics are becoming one of the essential ingredients for
various health and nutritional applications. Awareness regarding the benefits
of ‘good bacteria’ has always been high in the European and Asia Pacific
markets due to bacterially fermented milk products available in the regions.
With the increase in diseases such as obesity, high blood pressure, and
osteoporosis, consumers tend to maintain a healthy diet with the increased
consumption of fortified foods, beverages, and dietary supplements.
The human probiotics segment by end user is projected to account
for the largest market of the probiotics.
The
rising trend of consuming functional foods due to the growing preferences for
health-benefiting products is projected to drive the market for probiotics in
the human segment. Popular sources of probiotics include yogurt, beverages such
as fermented milk & juices, and probiotic supplements. The developing
economies in Asia Pacific such as China, India, and South Korea are largely
shifting toward urbanization, and in the coming years, the demand for
convenience food products is witnessed to grow explicitly. These factors
accounts for the large market share across the globe.
Asia Pacific is projected to be the fastest growing market.
The
Asia Pacific region presents immense opportunities for animal probiotic
products as governments are becoming increasingly concerned about the health
and productivity of farm animals. Health deterioration in animals due to the
use of AGPs has also encouraged livestock owners to use probiotic-based feed.
The application of probiotics is expected to increase at a fast pace in Asia
Pacific due to the rise in consumer demand.
Key players in the global probiotics market include Chr.
Hansen (Denmark), Dupont (US), Danone (France), Yakult Honsha (Japan), and
Nestlé (Switzerland). Expansions and new product launches were the core
strengths of leading players in the probiotics market. These strategies were
adopted by key players to increase their market presence. It also helped them
diversify their businesses geographically, strengthen their distribution
networks, and enhance their product portfolios. Market leaders such as Chr.
Hansen (Denmark), Dupont (US), Danone (France), Nestlé (Switzerland), and
Yakult Honsha (Japan) are focusing on tapping the potential markets through
expansions and new product launches.
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The yeast segment by ingredient is projected to achieve the
fastest growth in the probiotic market.
Yeast,
as a probiotic, is actively used in applications such as food, beverages,
pharmaceuticals, and industrial enzymes. For a yeast strain to be selected as a
probiotic, it needs to have a high tolerance to acidity, should show resistance
to bile salts, must have an adhesion capacity to the intestinal cells, and
should demonstrate an immunostimulant effect. With the increasing demand
for products incorporating Saccharomyces
boulardii—a unique tropical yeast having several beneficial effects
on human intestinal health will drive the market of yeast segment globally.
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