Multistrain Probiotics Market Set to Achieve US$ 156.25 Billion by 2032

The global multistrain probiotics market is forecasted to be valuated at US$ 156.25 billion by 2032, up from US$ 66 billion in 2022, advancing at a CAGR of 9% from 2022 to 2032. A burgeoning number of consumers are amassing healthy eating habits, and thereby, health-conscious consumers are more inclined towards nutritional and functional food products. With the growing preference for nutrient-rich food products, probiotics have gained immense popularity among health-conscious consumers around the world. While probiotics are available in both monostrain and multistrain probiotic forms, the tendency to work with multistrain probiotics has always remained high.

As multistrain probiotics imply a broader spectrum of efficacy and synergistic effects, the market for multistrain probiotics is likely to maintain its momentum in the upcoming years. In addition, growing awareness about the influence of multistrain probiotics of the immunity, digestion system, and overall health is triggering demand for multistrain probiotics. Leading players in the multistrain probiotics market are aiming to capitalize on increasing disposable income of consumer and growing awareness about their dietary habits to improve profitable sales of their diverse portfolio of multistrain probiotics.

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Multistrain Probiotics Market – Notable Developments

Yakult Honsha Co., Ltd., DuPont Nutrition & Health, Deerland Enzymes, Inc., Protexin, Hansen Holding A/S, Arla Foods, MORINAGA & CO., LTD., LALLEMAND Inc., Danisco, PROBI, Biogaia, Attune Foods, bifodan, Daflorn Ltd., Biocare Copenhagen, ecologicinside, Hansen Holding A/S, danone, Société des Produits Nestlé, and Nebraska Cultures are among the leading players in the multistrain probiotics market.

  • In June 2018, DuPont Nutrition & Health – a business unit of DowDuPont Specialty Products Division – announced its partnership with INRA (French National Institute for Agricultural Research) through MetaGenoPolis (MGP) and Micalis Institute to strengthen DuPont’s probiotic strains capabilities with a functional metagenomics approach. The company aims to define DuPont™ Danisco® probiotic strains’ molecular mechanisms of action to consolidate its position in the multistrain probiotics market, with the new collaboration with INRA Micalis-MGP.
  • In January 2018, BioGaia – a Swedish biotechnology company that primarily focuses on probiotic products – announced that it has entered an agreement with Abbott Laboratories – an American healthcare company – to commercialize its BioGaia Protectis probiotic supplements in China. The company announced that this collaboration was in line with its strategies to grow its probiotics business in Asian markets.
  • In July 2018, Deerland Enzymes & Probiotics – a global leader in enzymes and multistrain probiotics market, announced that it has acquired National Enzyme Company – a leading manufacturer of enzyme-based dietary supplements – to gain momentum in the multistrain probiotics market. The company announced its aim to add National Enzyme Company’s SORA and BioCore® capabilities to its production facility and strengthen the presence in the market with its branded technologies and probiotics expertise.

Ongoing Research and Studies Spread Awareness about Health Benefits of Multistrain Probiotics

As consumers are becoming highly critical about food ingredients and their benefits before making a purchasing decision, food manufacturers are investing heavily in research on health-benefitting ingredients to attract a large base of health-conscious consumers. The multistrain probiotics market is witnessing healthy growth as recent studies find diverse health benefits of multistrain probiotics.

Researchers find that multistrain probiotics are not only beneficial in treating physical illnesses, such as diarrhea and irritable bowel syndrome (IBS), but can also contribute to improving psychological health. Increasing awareness about the health-boosting properties of multistrain probiotics is expected to contribute to the increasing growth of the multistrain probiotics market in the upcoming years.

Applications of Multistrain Probiotics in Dairy Products to Remain Highest

Increasing growth of the multistrain market is mainly attributed to its applications in pharmaceuticals, animal feed, and food & beverages, however, food & beverage industry remains the linchpin for the multistrain probiotics market.

Consumers are becoming critical about their dietary choices and thereby, are more inclined towards food products with high nutritional contents. Dairy products are likely to remain the leading segment in the multistrain probiotics market, and leading market players are shifting their focus on the dairy industry to capitalize on this trend.

Some of the examples include

  • In October 2018, Hansen Holding A/S – a leading bioscience company – announced that it has acquired all the assets of Österreichische Laberzeugung Hundsbichler GmbH – an Austria-based ingredient supplier. With this acquisition, the company aims to expand its enzymes business in the traditional processed cheese segments of the dairy industry.
  • In December 2018, Arla Foods, Inc. – a leading dairy company in the multistrain probiotics market – announced that it has acquired the Middle East and Africa Kraft branded processed cheese business of Mondeléz International – an American food company.

Asia Pacific to Emerge as a Leading Market for Multistrain Probiotics

Though the wave of health & fitness have spread across the world, rapidly-growing end-user industries in the Asia Pacific have a major contribution in growth of the multistrain probiotics market. Leading players in the multistrain probiotics market are shifting focus on their businesses in developing countries in the Asia Pacific region to leverage increasing disposable income of consumers and growing demand for healthy and nutritional food products.

European market for multistrain probiotics is also likely to create lucrative opportunities for market players in the upcoming years with growing health awareness among European consumers. In addition, governing bodies in Europe, such as the European Society for Clinical Nutrition and Metabolism (ESPEN), have developed regulations and directives to govern the use of multistrain probiotics in various food products, pharmaceuticals, and dietary supplements. This is likely to augur well for the multistrain probiotics market players in Europe.

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The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Blackout Fabric Laminates market attractiveness as per segments. The report also maps the qualitative impact of various factors on Blackout Fabric Laminates market segments and geographies.

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Multistrain Probiotics Market Segmentation

The multistrain probiotics market can be bifurcated on the basis of:

  • Applications
  • End-users

Multistrain Probiotics Market Segmentation Based on Applications

  • Food & Beverages
  • Animal Feed
  • Dietary Supplements

Multistrain Probiotics Market Segmentation Based on End-users

  • Humans
  • Animal Feed

Frequently Asked Questions

  • What is the Growth Outlook for the Multistrain Probiotics Market?
  • Which Region is the Largest Market for Multistrain Probiotics?
  • Which is the Valuation of Multistrain Probiotics Market as of 2022?

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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Nikhil Kaitwade

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Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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