Probiotics Market Size Is Projected To Grow Hugely By 2027| BioGaia AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB

The global probiotics market is projected to surpass US$ 80.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.8% during the forecast period (2020 to 2027).

Probiotics are classified as beneficial bacteria’s that promote the healthy functioning of the gut. They are basically consumed to treat the digestive disorder. Probiotics improve the immune response and also preserve the proteins & lipids from oxidative destruction. Probiotics are available in the form of tablets, powders, capsules, and gel.

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Increasing consumption of functional and dietary supplements that have probiotics is expected to foster the market growth. Yogurts products are gaining huge demand for which manufacturer are continuously introducing a variety of products, thereby fueling the market growth of probiotics. For instance, in September 2019, Brownes Dairy has expanded its Western Australia market with the launch of Wiggles, a new range of prebiotic yogurt pouches. Wiggles yogurt pouches use a prebiotic fiber extracted from a plant called chicory root to help support the digestive health of consumers.

Lack of proper regulations in the probiotics industry is expected to hinder the market growth. Moreover, probiotics require proper storage facility as they are highly sensitive organisms that may easily get weakens from various environmental factors. Also, most of the probiotics are unstable at room temperature. All these factors are hampering the market growth.

Growth in the aging population coupled with the rising awareness regarding the health benefits of the probiotics is expected to serve as a major growth opportunity. A growing number of working women couple with the increasing consumer's spending on the healthy food products are expected to accelerate the market growth of probiotics. Moreover, the availability of probiotics dietary supplements in various forms are further expected to stimulate market growth over the forecast timeframe.

Growing health wellness trends around the globe are projected to augment the market growth of probiotics. Rising adoption of healthy lifestyle among consumers coupled with the increasing number of people participating in sports activities is also expected to augment the market growth of probiotics. Increasing consumption of meat products as probiotics are used to increase the shelf-life of the meat products are further expected to foster the market growth of probiotics.

Detailed Segmentation:

Global Probiotics Market, By Type:
Probiotics Food and Beverages
Probiotics Dietary Supplements
Probiotics Animal Feed

Global Probiotics Market, By Application:
Human Probiotics
Animal Probiotics

Global Probiotics Market, By Ingredient:
Lactobacillus
Streptococcus
Bifidobacterium

Competitive Section

Key players are operating in the global probiotics market are BioGaia AB, Chr. Hansen, Groupe Danone S.A., Nestle S.A., PROBI AB, Lifeway Foods, Inc., Mother Dairy, General Mills, Inc., China-Biotics, Inc., Yakult Honsha Co., Ltd., and E. I. du Pont de Nemours and Company

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