Vegan Probiotics Market: Projected Worth Surges to US$ 11.8 Billion by 2032, Fueled by Rising Demand for Dairy-Free Options

Vegan Probiotics Market Analysis
Vegan Probiotics Market

According to a recent research report by Future Market Insights, the global vegan probiotics market is estimated to reach a valuation of US$ 11.8 Bn by 2032. The market is projected to reach US$ 5.1 Bn by the end of 2022 and exhibit growth at a CAGR of 8.8% in the forecast period from 2022 to 2032.

Beneficial bacteria, also known as friendly bacteria, dwell in the intestines and are known as probiotics. It is their mission to maintain a healthy gut and immune system. Patients with irritable bowel syndrome (IBS) have found the product to be incredibly helpful in their therapy. These are also useful for treating diarrhea. Although there has been little study, they are likely to be beneficial for a small number of skin problems such as eczema.

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Traditionally, dairy products like yogurt, cheese, and milk have been the most common sources of probiotics. Lactose intolerant people and those who do not eat dairy products, on the other hand, dislike them. The greatest non-dairy choices available in various sales channels like hypermarkets/supermarkets and online channels are vegan or plant-based probiotics, including kombucha, coconut kefir, coconut yogurt, miso, sour pickles, and olives.

Key Takeaways from the Vegan Probiotics Market Study

  • North America vegan probiotics market is expected to generate nearly 38% of the share in the forecast period.
  • The U.S. is set to hold about 65% of the vegan probiotics market share in North America vegan probiotics market by the end of 2032.
  • Europe vegan probiotics market is expected to account for around 31% of share in the evaluation period.
  • Germany vegan probiotics market holds 22% of the share in Europe.
  • Asia Pacific is expected to generate 20% of the vegan probiotics market share during the forecast period.
  • China is set to account for 32% of the vegan probiotics market share in Asia Pacific.

“Leading companies are striving to reduce the side effects of their in-house products owing to the rising consumption of antibiotics, which is likely to push the development of organic and vegan probiotics with rising efficiency. Apart from that, growing geriatric population who is more prone to risks associated with chronic diseases such as diabetes, cancer, and strokes, is likely to aid growth,” says a lead analyst at Future Market Insights.

Competitive Landscape: Vegan Probiotics Market

The global vegan probiotics market is highly competitive in nature. Industry giants such as Beyond Meat, Impossible Foods, and Oatly are witnessing a spike in terms of demand for plant-based food alternatives as they partner up with eateries and huge corporations.

Some of the leading companies offering vegan probiotics products are Naturelo, Yakult, Lallemand Inc., DSM, PlantFusion, LoveBug Probiotics, Custom Probiotics Inc., Wellbeing Nutrition., and Nature Made.

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Vegan Probiotics Market Outlook by Category

By Source:

  • Bacteria
  • Yeast

By Sales Channel:

  • Modern Trade
  • Franchised Outlets
  • Specialty Store
  • Online Channel

By End Use:

  • Food & Beverages
  • Nutrition Industry
  • Health Care
  • Fitness
  • Other

By Product Type:

  • Kombucha
  • Soy Milk
  • Coconut Kefir
  • Coconut Yogurt
  • Miso
  • Sour Pickles
  • Olives
  • Sauerkraut
  • Supplements
  • Others

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
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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