Probiotics Market Size Worth $388.80 Billion by 2034 | CAGR: 14.5%

The global probiotics market size is expected to reach USD 388.80 Billion by 2034 according to a new study by Polaris Market Research. The report “Probiotics Market Share, Size, Trends, Industry Analysis Report, By Source (Yeast, Bacteria); By Application (Animal Feed, Diet Supplements, Functional Food & Beverages, Others); By Distribution Channel; By End-Use; By Region; Segment Forecast, 2025 - 2034” provides an in-depth insight into prevalent market dynamics and offers inspection on the market growth of the future.

The growing elderly population is driving the demand for the functiional food and dietary supplements. This rise in the demand is fueling the demand for the probiotics used in this applications. Probiotics are used in this application to improve the nutritional value. Additionally, the rising prevalence of lifestyle disorder among the elderly population is further fueling the demand for the dietary supplements, thereby driving the demand for the probiotics.

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The number of people aged 80 years or above is expected to escalate by 425 Billion by 2050. This speedy growth in the population that is elderly leads to an increase in the patients enduring chronic diseases, which in turn is anticipated to push the need for microbes such as probiotics to restrict the menaces of such conditions.

Based on source, the yeast strain product segment is anticipated to grow with the fastest CAGR during the forecast period. Elements such as prohibiting antibiotic usage in animal feed in many North American and European countries and the growing use of a yeast strain in functional foods are the prominent drivers for this segment.

Other than growing demand for yeast strain-based medicines because of demonstrated positive results for lessening the probability of chronic diseases such as bowel diseases and diarrhea related to antibiotic use is anticipated to boost the demand in the forecast period.

Probiotic supplements accommodating varied probiotic strains are obtainable in several forms, such as probiotic tablets, drops, and capsules. Makers of branded private labels and products seem to continue to broaden their product line in the probiotic product categories. The increasing product line and heterogeneity are deliberated to make manufacturers competent to cater to manifold demand trends globally. A similar factor is encouraging retail channels to escalate their production volume concerning altering consumer preferences and tastes.

Market players in the market include Arla Foods amba, BioGaia AB, Chr Hansen Holding A/S, Danisco A/S, Danone S.A., Ganeden, Inc., General Mills, Inc., Lallemand Inc., Lifeway Foods, Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., Nebraska Cultures, Inc, Nestle S.A., PepsiCo, Inc., Probi AB, Protexin, and Yakult Honsha Co., Ltd.

Polaris Market Research has segmented the probiotics market report based on source, application, distribution channel, end-use, and region.

Probiotics, Source Outlook (Revenue - USD Billion, 2020 - 2034)

• Yeast
• Bacteria

Probiotics, Application Outlook (Revenue - USD Billion, 2020 - 2034)

• Animal Feed
• Dietary Supplements
• Functional Food & Beverages
• Others

Probiotics, Distribution Channel Outlook (Revenue - USD Billion, 2020 - 2034)

• Offline Stores
• Pharmacies
• Supermarkets and Hypermarkets
• Specialty Stores
• Online Platforms

Probiotics, Distribution Channel Outlook (Revenue - USD Billion, 2020 - 2034)

• Animal Probiotics
• Human Probiotics

Probiotics, Regional Outlook (Revenue - USD Billion, 2020 - 2034)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Malaysia
  • Indonesia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa