The Evolution of the Probiotics Market Valuation, Segmentation, Worldview, and Future Trends (2024-2031)

The Evolution of the Probiotics Market study by DataM Intelligence provides a comprehensive market analysis, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends.

Projected Growth of the Evolution of the Probiotics Market?

The Global Probiotics Market, which amassed USD 62.4 billion in 2022, is anticipated to climb to USD 108.0 billion by 2031 with a robust 7.1% yearly growth rate from 2024 through 2031. A captivating trend is the growing acceptance of non-dairy and plant-based probiotic formulations among consumers.

The Major players in the Probiotics Market.

The major players Probiotics Market include are Koninklijke DSM N.V., Evolve BioSystems, Inc., Nature's Bounty Co., Lifeway Foods, Inc., Danone S.A, Yakult Honsha Co., Ltd., BioGaia AB, CHR. Hansen Holding A/S, Lallemand Inc., and The Procter & Gamble Company.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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Recent Key Development

On January 27, 2021, India's top organic nutrition company, Wellbeing Nutrition (WBN), unveiled its clinically proven Probiotic + Prebiotic product engineered to resolve various gut health challenges. Moving forward on February 18, 2021, innovative probiotics firm Probi collaborated with global wellness giant Perrigo through a semi-exclusive agreement, introducing a suite of high-end probiotic supplements to enhance digestive and immune health across 14 countries in Europe. As part of this alliance, Perrigo launched three probiotic formulations crafted from scientifically validated strains. Prior to these developments, on June 25, 2020, Novozymes acquired PrecisionBiotics Group Limited, a Cork-based powerhouse recognized for its leadership in probiotic applications for gut health, supported by multiple clinically verified products.

Market Segments

The global probiotics market is segmented based on ingredients, application, distribution channel, and region.

Diverse Probiotic Applications Driving Market Expansion

The global probiotics market is categorized by active components into bacteria and yeast. Commonly utilized beneficial microbes belong primarily to the Lactobacillus and Bifidobacterium groups. In addition, probiotic strains derived from other bacterial species such as Streptococcus thermophilus and Escherichia coli along with certain yeast strains like Saccharomyces boulardii, are also recognized for their health-promoting properties. In dairy fermentation, the production of lactic acid by these live microorganisms is pivotal for food preservation, inhibiting spoilage and the growth of harmful pathogens.

Moreover, probiotics play a significant role beyond food processing. They can contribute to alleviating depression by boosting the population of advantageous bacteria, which in turn enhances mood via the gut-brain connection. These microorganisms also modify the proteins that form tight junctions between adjacent epithelial cells at their apical surfaces. Through interactions with epithelial cells mediated by receptors such as TLR1 and TLR2, Probiotics stimulate an increase in downstream signaling involved in the immune response, cell proliferation, production of pro-inflammatory cytokines, and cellular differentiation.

Regions Covered:

The Global Probiotics Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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