Global Probiotics Market to Advance at 9.09% CAGR during 2022-2028

 

Triton Market Research presents the Global Probiotics Market report segmented by Diet Preference (Plant-based Products, Animal-based Products), by Strain (Bacteria { Lactobacillus Spp., Bifidobacterium Spp., Other Spp.}, Yeast), by End-use (Probiotic Foods {Yogurt, Bakery/Breakfast Cereals, Baby Formulas, Confectionery, Other Products}, Probiotic Beverages {Fruit-based Beverages, Dairy-based Beverages, Other Beverages}, Nutritional Supplements { Gummies, Capsules, Powders, Other Nutritional Supplements}, Cosmetics, Veterinary Feed), by Sales Channel (Online Sales Channel, Offline Sales Channel { Supermarkets, Pharmacies, Convenience Stores, Other Offline Sales Channels}), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Industry Outlook, Market Drivers, Market Challenges, Market Opportunities, Competitive Landscape, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).

Triton Market Research, in its report on the Global Probiotics Market, has stated that the market is likely to evolve at a CAGR of 9.09% over the forecasting duration from 2022 to 2028.

 

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Because of the numerous advantages of consuming probiotics, the beauty industry has also begun using these healthy microorganisms to make topical application products. Thus, a range of cosmetic products – from cleansers & serums to mists & moisturizers – are available in the market today. They are packed with several types of friendly bacteria that help strengthen the skin's barrier, soothe inflammation, and even diminish acne. The growing use of probiotics thus presents several growth opportunities for the market.

However, the legal requirements for probiotic products in every country vary considerably, depending on whether they will be used as food products, nutritional supplements, or drugs. Thus, the regulatory approval process for companies becomes extremely challenging as it raises the cost of manufacturing new products. The lack of a standardized regulatory framework thus negatively affects the market growth rate. 

The Asia-Pacific dominated the global market for probiotics in 2021 with the largest share, and is expected to continue this lead until the end of the projected period. The integrated performance of environmental factors, microbiological systems, and food systems, coupled with factors like geographic location and societal culture, are influencing the nutritional needs of the population in this region. This has driven the consumption of probiotics and will therefore position the market on a growth path.

Danone SA, Probi AB, General Mills Inc, BioGaia AB, The Clorox Company, Lifeway Foods Inc, KeVita Inc, Nestlé Inc, Kerry Group Plc, Church & Dwight Co, Yakult Honsha Co Ltd, Jarrow Formulas Inc, Chr Hansen Holding AS, PharmaCare Laboratories Pty Ltd, and I-Health Inc are some of the notable players in this market.

The global market is quite dynamic and offers the existing players as well as newcomers the opportunity to develop and launch novel products. However, the regulations are stringent, and a substantial level of investment is required to establish a probiotic manufacturing unit. Besides, brand identity is also crucial in determining end-user behavior as consumers identify well-known brands with good quality, which enhances the level of competition in the market.

 

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