Global Probiotic Market is valued at USD 34.31 Billion in the year 2017. The global Probiotic market is further estimated to grow at a CAGR of 7.25% from 2018 to reach USD 52.14 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and the North American market is considered as the fastest growing market in the forecasted period. At a country level, China, Japan, South Korea, and Australia & New Zealand holds the notable market share in 2017, owing to the rapid development and rising healthcare awareness.

BioGaia AB (Sweden) (U.S), E. I. du Pont de Nemours and Company (U.S), Ganeden, Inc. (U.S), General Mills, Inc. (U.S), Mother Dairy Fruit & Vegetable Pvt. Ltd. (India), Nestle S.A (Switzerland), Yakult Honsha Co., Ltd. (Japan) are some of the key players in the Global Probiotic Market.

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Drivers

Rapidly Increasing probiotic benefits awareness

Growing need for Healthy lifestyle

Technological advancements for better probiotic products

Restraints

Government standards and regulation

Opportunity

Emerging demand and market in developed countries

Challenges

Complexities in Integrating of Probiotics in Functional Foods

On the basis of application, the probiotic market is segmented as Dietary supplements, Animal feed, Food & Beverages, where food and beverages segment hold the highest market share among other segments in 2017 because of technological advancements and increasing prevalence of probiotic products. On the other hand, human probiotics segment by end users for this market is expected to grow at the highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Probiotic Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Form                                  

Dry

Liquid

By Application

Dietary supplements

Animal feed

Food & Beverage

By End Users  

Human

Animal 

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

BioGaia AB (Sweden)

E. I. du Pont de Nemours and Company (U.S)

Ganeden, Inc. (U.S)

General Mills, Inc. (U.S)

Mother Dairy Fruit & Vegetable Pvt. Ltd. (India)

Nestle S.A (Switzerland)

Yakult Honsha Co., Ltd. (Japan)

Danone (France)

Probiotics International (UK)

Probi (Sweden)

(A brief overview of another 13 companies is also provided)

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