Global Probiotics Market size was valued at US$ 61.10 Bn. in 2021 and the total revenue is expected to grow at 8.31 % through 2022 to 2029, reaching nearly US$ 115.71 Bn.
Market Overview
The intelligence report on Global Probiotics market was published by Maximise Market research which indicates the expected growth in Global Probiotics market in the forecast period of 2022-2029. The Global Probiotics market is growing rapidly with a substantial growth rate over the previous years and it is estimated to grow more. The report provides Global Probiotics market drivers and restraints. It helps in recognizing the key drivers of the Global Probiotics market which driving the Global Probiotics markets growth and also helps to understand the upcoming opportunities by using the key drivers.
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Market Scope
The reports provides an in-depth analysis of the market size and its compound annual growth rate for forecast period. Leading analyst’s team has scrutinized the results and data while making of report. It also focuses on the key methods used by the competitors in the industry. It provides the reader and investors with up to data of the Global Probiotics market. Data on market size, current and future trends, market share, market dynamics, opportunities, threats and risks and the new entrants of the are represented in the report in the form of graphs, tables, pie charts and product statistics. Some methodologies were undertaken while researching such as SWOT, PESTLE and PORTER’S five forces analysis to understand the Global Probiotics market strengths and weaknesses.
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Segmentation:
Based on Ingredient, the global Probiotics market is segmented into Bacteria and Yeast. The Yeast segment held the largest market share of xx% in 2021 and it is expected to grow at a highest CAGR of 8.91% in the global probiotics market during the forecast period. The rising popularity of goods containing Saccharomyces boulardii, a rare tropical yeast with a variety of health benefits, has a positive impact on human intestinal health. Probiotic yoghurt consumption is increasing in emerging nations such as China, Brazil, and India, thanks to increased awareness of health advantages of probiotics. Probiotic-containing items, ranging from enriched drinks to chocolates containing Lactobacillus and Bifidobacterium strains, are widely accessible in stores in Japan.
Based on Distribution Channel, the global Probiotics market is segmented into Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores and Online. The Hypermarkets/Supermarkets segment held the largest market share of 32% in 2021. Supermarkets and Hypermarkets are the ideal places to acquire protein-based supplement goods because of the finest quality products and the affordability of a variety of brands. The category is estimated to grow at a quicker rate during the projection period. Consumers that purchase probiotics through some of these major retailers are willing to be more selective due to the broad variety of probiotic goods accessible.
Key Players:
• CHR. Hansen
• Danone
• Yakult Honsha
• Dowdupont
• Kerry
• Probi AB
• Nestle
• Biogaia
• Morinaga Milk Industry Co., Ltd.
• Glac Biotech
• Bifodan A/S
• Lallemand
• General Mills
• Uas Laboratories
• Archer Daniels Midland Company (ABM)
• Evolve Biosystem Inc
• Sabinsa Corporation
• Pepsico inc
• Post Holdings inc
• Kerry Inc.
• Amul
Regional Analysis
Regional analysis provided in the report by MMR indicates the Global Probiotics market’s growth region wise with analysis of the Global Probiotics market in specific country. The report also provides the information regarding the Global Probiotics market dominating country as well as the least achieving countries in the industry. It also covers the geographic conditions of the market and revenue generated and in-depth analysis into the business structure and new updates.
Key Questions answered in the Global Probiotics Market Report are:
Key offerings:
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Mar 13, 2023