Probiotics Market Size Is Expected to Reach over USD 77,240 Million by 2026 | Industry Players: Danone, Yakult Honsha Co., Ltd., Nestle S.A., Lifeway Foods, Inc.
According to a new study published by Polaris Market Research the probiotics market is anticipated to reach over USD 77,240 million by 2026. The report “Probiotics Market Share, Size, Trends & Industry Analysis Report By Source (Bacteria, Yeast); By Application (Functional Food & Beverages, Dietary Supplements, Animal Feed); By End-User (Human Probiotics, Animal Probiotics); By Regions: Segment Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the functional food and beverage segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
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A significant increase in disposable income, changing lifestyles, and initiatives by market players to promote natural products drive the growth of this market. The health benefits offered by probiotics such as enhanced digestion, stronger immune system, healthier skin, decreased chances of cold and flu have increased its demand significantly over the years. Other factors supporting market growth include increasing awareness regarding use of probiotics in food products and beverages, and research and development for advancement. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.
Improvement in lifestyle and increasing disposable income, especially in the developing countries of Asia-Pacific fuels the demand for probiotics market. Factors such as increase in per capita income and changes in consumer behavior are expected to accelerate the adoption of probiotics in the coming years. Consumers are increasingly becoming aware regarding their health and taking preventive health measures, thereby promoting the adoption of probiotics.
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Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The rising geriatric population in the region, and increasing disposable income drive the market growth. The increasing demand of health products in the region along with increasing awareness regarding benefits of probiotics further support market growth. The increasing demand of probiotics for animal feed and growing demand for healthy livestock is expected to accelerate the adoption of probiotics during the forecast period.
The different sources of probiotics include bacteria, and yeast. In 2017, the bacteria segment accounted for the highest market share. Use of healthy bacteria offers benefits such as enhanced immunity, prevention of diarrhea and irritable bowel syndrome, reduced chances of cold and flu, and increased lactase production among others. Growing awareness and extensive research and development for further development are expected to support market growth during the forecast period.
The well-known companies profiled in the report include Danone, Yakult Honsha Co., Ltd., Nestle S.A., Lifeway Foods, Inc., Ganeden, Inc., Probi AB, BioGaia AB, Danisco A/S, Nebraska Cultures, Lallemand Inc., General Mills, Inc., and I-Health Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Polaris Market Research has segmented the global Probiotics Market on the basis of source, application, end-user and region:
Probiotics Market Source Outlook (Market Revenue in USD Billion, 2017 – 2026)
- Bacteria
- Yeast
Probiotics Market Application Outlook (Market Revenue in USD Billion, 2017 – 2026)
- Functional Food & Beverages
- Dietary Supplements
- Animal Feed
Probiotics Market End-User Outlook (Market Revenue in USD Billion, 2017 – 2026)
- Human Probiotics
- Animal Probiotics
Probiotics Market Regional Outlook (Market Revenue in USD Billion, 2017 – 2026)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Middle East & Africa
Leading Key Players of Probiotics Market
- Danone
- Yakult Honsha Co., Ltd.
- Nestle S.A.
- Lifeway Foods, Inc.
- Ganeden, Inc.
- Probi AB
- BioGaia AB
- Danisco A/S
- Nebraska Cultures
- Lallemand Inc.
- General Mills, Inc.
- I-Health Inc.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.
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