Global Food Probiotics Market, By Ingredient (Bacteria, Yeast), Form (Liquid, Dry), Application (Functional Food and Beverages, Dietary Supplements, Feed), Distribution Channel (Hypermarkets/Supermarkets, Pharmacies/Drugstores, Specialty Stores, Online), End User (Human, Animal), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Food Probiotics Market
Food probiotics market size is expected to grow at a compound annual rate of 6.70% in the forecast period 2021 to 2028. The high demand for health-based products among consumers, particularly from the younger generation is the factor for the food probiotics market in the forecast period of 2021 to 2028.
Probiotics are the type of live bacteria and yeasts that are good for health, chiefly digestive system. Probiotics also aid in increasing resistance against microbes, pathogens and bacteria by helping the making of digestive enzymes and activating the production of healthy gut bacteria. They are also attuned with various food applications such as bakery and dairy products.
The major growing factor towards food probiotics market is the rapidly increasing popularity of probiotic dietary supplements. The prime factor driving the demand for food probiotics is the increasing participation of international bodies in the R&D of probiotic products. Furthermore, the various health benefits associated with probiotic-fortified foods, growing bakery products demand, rising dairy products consumption as well as increasing dairy consumption trends are also heightening the overall demand for food probiotics market over the forecast period of 2021 to 2028. Moreover, the rapid technological advancements in probiotic products also serve as a foremost driver for increasing the demand for food probiotics market at a global level. In addition, the high disposable income, increasing population as well as the rapidly increasing health consciousness amongst consumers are also lifting the growth of the food probiotics market.
However, the various international quality standards And regulations for probiotics products and high R&D costs for developing new probiotics strains are projected to act as a restraint towards the growth of food probiotics market, whereas the various complexities in integrating probiotics in functional foods have the potential to challenge the growth of the food probiotics market.
Moreover, the rapid increase in demand for probiotics in developed economies, increasing consumer awareness regarding value-added products as well as ban on the use of antibiotic growth promoters in feed will further generate new opportunities for the food probiotics market in the forecast period of 2021 to 2028.
This food probiotics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food probiotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Probiotics Market Scope and Market Size
Food probiotics market is segmented on the basis of ingredient, form, application, distribution channel and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the food probiotics market has been segmented into bacteria and yeast. Bacteria have further been segmented into lactobacilli, bifidobacterium and streptococcus thermophiles. Lactobacilli are further sub-segmented into lactobacillus acidophilus, lactobacillus rhamnosus, lactobacillus casei and lactobacillus reuteri. Yeast has further been segmented into saccharomyces cerevisiae, saccharomyces boulardii and others.
- On the basis of form, the food probiotics market has been segmented into liquid and dry.
- Based on application, the food probiotics market has been segmented into functional food and beverages, dietary supplements and feed. Functional food and beverages have further been segmented into dairy products, non-dairy beverages, infant formula, cereals and others.
- The distribution channel segment of the food probiotics has been segmented into hypermarkets/supermarkets, pharmacies/drugstores, specialty stores and online.
- On the basis of end user, the food probiotics market has been segmented into human and animal.
Food Probiotics Market Country Level Analysis
Food probiotics market is analyses and market size, volume information is provided by country, ingredient, form, application, distribution channel and end user as referenced above.
The countries covered in the food probiotics market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific leads the food probiotics market because of the increasing population coupled with the growing disposable income and standard of living in this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the presence of well-established food industry and strong presence of major market players within this region.
The country section of the food probiotics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Probiotics Market Share Analysis
Food probiotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food probiotics market.
The major players covered in the food probiotics report are Arla Foods Ingredients Group P/S, BioGaia AB, Chr. Hansen Holding A/S, Danone S.A., Deerland Probiotics & Enzymes, Inc, DuPont, General Mills Inc., Lallemand Inc., ADM, Lifeway Foods, Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., glacbiotech Co., Ltd., Nestle, DSM, Exden, Yakult Honsha Co., Ltd., Attune Foods, Kerry Inc., MORINAGA MILK INDUSTRY CO., LTD. and Kemin Industries, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.