The global market grew at a steady historical growth, with a valuation of US$ 5,369.5 million in 2022. The diversified applications of probiotics for animal nutrition, skin care, food & beverages, etc., have increased demand for probiotic strains.
The global probiotic strains market valuation is US$ 5,781.2 million in 2023 and is expected to reach US$ 11,983.5 million by 2033. The global market is likely to grow at a CAGR of 8% during the forecast period.
The Probiotic Strains Market is witnessing remarkable growth, driven by a growing consumer awareness of the significance of gut health and its impact on overall well-being. Probiotics, recognized live microorganisms with proven health benefits, are gaining popularity across various applications, including supplements, food, and beverages. Their ability to support digestion, enhance immunity, and maintain a balanced microbiome is fueling the market’s expansion.
Probiotic strains play a crucial role in promoting general well-being and improving gastrointestinal microbiota. Beyond this, they offer additional health benefits such as pathogen suppression, acting as a rich source of Vitamin B2, B6, and B12, addressing lactose intolerance, and exhibiting anti-tumor effects.
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Fermented Beverages Increasing Consumption is resulting in the Surge in the Demand for Probiotic Strains
The consumption of fermented beverages is contributing significantly to the surge in demand for probiotic strains. European countries, with a tradition of high consumption of fermented milk products, are major contributors to the global probiotic strains market. Additionally, the adoption of a Western lifestyle, changing eating habits, and increased affordability of probiotic-containing products are fueling rapid market growth in Latin America and Asia.
The global probiotic strains market is further driven by the widespread popularity of dietary supplements worldwide. Probiotic food and beverage products play a crucial role in maintaining overall digestive health and supporting gastrointestinal micro-biota. The demand for these healthy products is rising due to their direct impact on various functions of the human body connected to intestinal tract and gut health. The increasing demand for dietary supplements is propelling the growth of the probiotic strains market.
Probiotic Strains Market: Regional Analysis
At present, the global market of the probiotic strains is majorly occupied by the North Americans and European countries. The majority of the fermented beverages producing manufacturers are present in these regions, which leads to the large share.
However, Asia and Middle East and Africa region will have significant share of the global probiotic strains market in the future. This is supported by the increasing population, awareness and health benefits of the products, expanding food and beverage industry, and increasing purchasing power of the consumers. Asia region is anticipated to witness highest growth rate over the forecast period.
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Probiotic Strains Market: Key Participants
Some of the market participants in the Probiotic Strains market are:
- Hansen Holding A/S
- Probi
- Aumgene Bioscience
- Virchow Biotech Private Limited
- Merck KGaA
- I. du Pont de Nemours and Company
- Koninklijke DSM N.V.
- BioGaia
- Morinaga Milk Industry Co., Ltd.
- Snow Board Milk Products Co., Ltd.
- Danone
- Kerry Plc
- Culturelle
- Urex Biotech
The research report presents a comprehensive assessment of the Probiotic Strains market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Probiotic Strains Market Segmentation
On the basis of type, the probiotic strains market can be segmented as:
- Lactobacillus acidophilus
- Lactobacillus rhamnosus GG
- Bifidobacterium bifidum
- Other
On the basis of form, the probiotic strains market can be segmented as:
- Dry
- Liquid
On the basis of end-use, the probiotic strains market can be segmented as:
- Food and Beverages
- Yogurt Drink and Fermented Milk
- Fruit Juice
- Bakery
- Meat Products
- Pharmaceuticals
- Functional Food
- Animal Feed
- Dietary Supplement
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