According to a new report, published by KBV research, The Global Probiotics Market size is expected to reach $122.5 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period.
The Bacteria segment is registering a strong potential in the Global Probiotics Market by Ingredient in 2022 thereby, achieving a market value of $100.8 billion by 2030. Growing consumer awareness about the benefits of bacteria, especially strains like Lactobacillus and Bifidobacterium, has been a key driver for gut health and overall well-being. Consumers actively seek products with specific bacterial strains known for their probiotic properties. Therefore, these aspects will pose lucrative growth prospects for the segment.
The Cereals segment is anticipated to have a CAGR of 7.3% during (2023 - 2030). The awareness of the importance of gut health has been steadily growing among consumers. Probiotics, which are beneficial bacteria that support gut health, have gained popularity. Cereal manufacturers are incorporating probiotics into their products to offer consumers a convenient and familiar way to include these beneficial microorganisms in their diet. Hence, these factors will assist in the expansion of the segment.
The Human segment is leading the the Global Probiotics Market by End-use in 2022 thereby, achieving a market value of $103.4 billion by 2030. Incorporating probiotics into functional foods and dietary supplements has expanded product offerings. Consumers actively seek probiotic-rich food and beverage options and supplements to complement their diets and support a healthy gut. The global shift towards preventive healthcare and a proactive approach to well-being has led consumers to explore products that promote health and prevent potential health issues. Therefore, the segment will grow rapidly in the coming years.
The Specialty Stores segment is experiencing a CAGR of 6.9% during (2023 - 2030). Consumer awareness of the health benefits associated with probiotics has been on the rise. Specialty stores, which often focus on health and wellness products, have become key outlets for probiotics. Consumers seeking specific strains or formulations may prefer specialty stores that offer a curated selection of probiotic products. Owing to these factors, the segment will witness increased demand in the coming years.
Full Report: https://www.kbvresearch.com/probiotics-market/
The Asia Pacific region dominated the Global Probiotics Market by Region in 2022 thereby, achieving a market value of $48 billion by 2030, growing at a CAGR of 7.5 % during the forecast period. The Europe region would exhibit a CAGR of 6.9% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 6.4% during (2023 - 2030).
By Ingredient
By Product
By End-use
By Distribution Channel
By Geography
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