The global probiotics market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2024-2031). Key acquisitions and product developments are anticipated to drive global probiotics during the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansions, and product innovations to remain competitive in the market. For instance, in October 2021, Clio launched a probiotic-infused yogurt bar. Clio stated that the product is a less sugar bar, thus yogurt bar can also be consumed by the consumers who follow the keto lifestyle as well as the consumers who are sugar and calorie-conscious. Thus, the growing consumer understanding and its effects are likely to increase the product demand at a healthier pace. Further, in June 2020, Danone launched super animals. The product is a low-fat yogurt created to assist kids’ immune systems.
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Additionally, in February 2021, ADM has acquired Deerland Probiotics & Enzymes owing to expanding its portfolio of health and wellness products and solutions. Similarly, in August 2021, Probi expanded its portfolio into oral probiotics with Blis Technologies acquisition owing to leverage manufacturing capacity to ramp up its production output and profitability. The oral probiotic contains K12 and M18 strains, that assist to improve natural immune defenses by warding off oral infections.
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Market Coverage
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Amul, BioGaia AB, Dupont nutrition and health, Nestle nutrition and health, and more.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Probiotics Market Report Segment
By Type
- Bacteria
- Lactobacillus
- Streptococcus
- Bifidobacterium
- Yeast
- Saccharomyces
- Boulardi)
By Application
- Human Probiotics
- probiotics food & beverages
- probiotics dietary supplement
- Animal Feed Probiotics
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