Probiotics Market Size to Grow by USD 31.07 Bn, Functional Food and Beverage to be Largest Revenue-generating Product Segment - Technavio

NEW YORK, Nov. 8, 2022 /PRNewswire/ -- The probiotics market share growth by the probiotic functional food and beverage segment will be significant during the forecast period. The market is recording steady growth, which is expected to continue during the forecast period. The rising demand for functional foods, along with the introduction of innovative products and ingredients, is fueling the growth of this segment. Other factors that will drive the growth of this segment include an increase in the demand for functional foods for people above the age of 55 years, a rise in the number of health-conscious adults, and growing concerns over the health of children.

The probiotics market size is set to grow by USD 31.07 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 8.54% during the forecast period, according to Technavio. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request FREE Sample Report

Frequently Asked Questions:

• What are the major trends in the market? 
  The introduction of new products is a key trend in the market.
• What is the year-over-year growth rate of the probiotics market in 2022?
  The year-over-year growth rate of the probiotics market in 2022 is 6.6%.
• What will be the market growth share of Europe during the forecast period?
  36% of the market's growth will originate from Europe during the forecast period.
• Is the market concentrated or fragmented?
  The probiotics market is fragmented.

Probiotics Market 2022-2026: Scope

The probiotics market report covers the following areas:

• Probiotics Market Size
• Probiotics Market Trends
• Probiotics Market Industry Analysis

The health benefits of probiotics, product innovations, and increasing investments in R&D will offer immense growth opportunities. However, the high price in developing countries, lack of awareness in developing countries, and lack of uniformity in government regulations are likely to pose a challenge for the market vendors.

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Probiotics Market 2022-2026: Segmentation

• Product 
• Probiotic Functional Food and Beverage
• Dietary Supplements
• Animal Feed
• End-user 
• Human Probiotics
• Animal Probiotics
• Distribution Channel
• Supermarkets and Hypermarkets
• Independent Retailers
• Discounters
• Convenience Stores
• Online Stores
• Geography 
• Europe
• APAC
• North America
• Middle East and Africa
• South America

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Probiotics Market 2022-2026: Vendor Analysis

BioGaia AB, Archer Daniels Midland Co., Daflorn Probiotics UK, Chr Hansen Holding AS, Danone SA, DuPont de Nemours Inc., Deerland Probiotics and Enzymes Inc., Kerry Group Plc, Farmhouse Culture Inc, Lifeway Foods Inc., Lallemand Inc., PepsiCo Inc., Nestle SA, SANZYME BIOLOGICS PVT. LTD., Probulin Probiotics LLC, That's it Nutrition LLC, Symrise AG, Uncle Matts Organic, The Bountiful Co., and Yakult Honsha Co. Ltd. are some of the major market participants.

This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now for detailed vendor information

Probiotics Market 2022-2026: Key Highlights

• CAGR of the market during 2022-2026
• Detailed information on factors that will assist the probiotics market growth during the next five years
• Estimation of the probiotics market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the probiotics market across Europe, APAC, North America, Middle East and Africa, and South America
• Analysis of the competitive landscape and detailed information on vendors
• Comprehensive details of factors that will impede the growth of probiotics market vendors

Related Reports

Probiotic Dietary Supplements Market by Application and Geography - Forecast and Analysis 2022-2026: The rising awareness of the benefits of probiotic supplements is expected to drive the market's growth. Probiotics refer to live microorganisms that can be consumed through fermented foods or supplement products. Probiotic supplements promote a healthy balance of gut bacteria and have also been linked to a wide range of health benefits.

Probiotic Supplements Market in Canada by Type and Disease Type - Forecast and Analysis 2022-2026: The increased awareness about lifestyle-related diseases is driving market growth. There has been a significant shift in the lifestyles and diet habits of people over the last two decades. Moreover, sedentary lifestyle and an absence of a balanced diet have increased the incidence of lifestyle-related diseases.

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 08: Executive Summary – Chart on Incremental Growth
• Exhibit 09: Executive Summary – Data Table on Incremental Growth
• Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 11: Parent market
• Exhibit 12: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 13: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 14: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 15: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 17: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 18: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 19: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 20: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 21: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 22: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 23: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 24: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 25: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 26: Chart on Product - Market share 2021-2026 (%)
• Exhibit 27: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 28: Chart on Comparison by Product
• Exhibit 29: Data Table on Comparison by Product

• 5.3 Probiotic functional food and beverage - Market size and forecast 2021-2026 
• Exhibit 30: Chart on Probiotic functional food and beverage - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Probiotic functional food and beverage - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Probiotic functional food and beverage - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Probiotic functional food and beverage - Year-over-year growth 2021-2026 (%)

• 5.4 Dietary supplements - Market size and forecast 2021-2026
• Exhibit 34: Chart on Dietary supplements - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Data Table on Dietary supplements - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: Chart on Dietary supplements - Year-over-year growth 2021-2026 (%)
• Exhibit 37: Data Table on Dietary supplements - Year-over-year growth 2021-2026 (%)

• 5.5 Animal feed - Market size and forecast 2021-2026
• Exhibit 38: Chart on Animal feed - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Data Table on Animal feed - Market size and forecast 2021-2026 ($ million)
• Exhibit 40: Chart on Animal feed - Year-over-year growth 2021-2026 (%)
• Exhibit 41: Data Table on Animal feed - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 44: Data Table on End-user - Market share 2021-2026 (%)

• 6.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 6.3 Human probiotics - Market size and forecast 2021-2026
• Exhibit 47: Chart on Human probiotics - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on Human probiotics - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on Human probiotics - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on Human probiotics - Year-over-year growth 2021-2026 (%)

• 6.4 Animal probiotics - Market size and forecast 2021-2026
• Exhibit 51: Chart on Animal probiotics - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Data Table on Animal probiotics - Market size and forecast 2021-2026 ($ million)
• Exhibit 53: Chart on Animal probiotics - Year-over-year growth 2021-2026 (%)
• Exhibit 54: Data Table on Animal probiotics - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 55: Market opportunity by End-user ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 56: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 57: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 58: Chart on Comparison by Distribution Channel
• Exhibit 59: Data Table on Comparison by Distribution Channel

• 7.3 Supermarkets and hypermarkets - Market size and forecast 2021-2026 
• Exhibit 60: Chart on Supermarkets and hypermarkets - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on Supermarkets and hypermarkets - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on Supermarkets and hypermarkets - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on Supermarkets and hypermarkets - Year-over-year growth 2021-2026 (%)

• 7.4 Independent retailers - Market size and forecast 2021-2026 
• Exhibit 64: Chart on Independent retailers - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on Independent retailers - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on Independent retailers - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on Independent retailers - Year-over-year growth 2021-2026 (%)

• 7.5 Discounters - Market size and forecast 2021-2026
• Exhibit 68: Chart on Discounters - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on Discounters - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on Discounters - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on Discounters - Year-over-year growth 2021-2026 (%)

• 7.6 Convenience stores - Market size and forecast 2021-2026
• Exhibit 72: Chart on Convenience stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Convenience stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Convenience stores - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Convenience stores - Year-over-year growth 2021-2026 (%)

• 7.7 Online stores - Market size and forecast 2021-2026
• Exhibit 76: Chart on Online stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on Online stores - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on Online stores - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Online stores - Year-over-year growth 2021-2026 (%)

• 7.8 Market opportunity by Distribution Channel
• Exhibit 80: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 82: Chart on Market share by geography 2021-2026 (%)
• Exhibit 83: Data Table on Market share by geography 2021-2026 (%)

• 9.2 Geographic comparison 
• Exhibit 84: Chart on Geographic comparison
• Exhibit 85: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2021-2026
• Exhibit 86: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 9.4 APAC - Market size and forecast 2021-2026
• Exhibit 90: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 9.5 North America - Market size and forecast 2021-2026
• Exhibit 94: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 95: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 96: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 97: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 9.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 98: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 99: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 100: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 101: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 9.7 South America - Market size and forecast 2021-2026
• Exhibit 102: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 103: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 104: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 105: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 9.8 Japan - Market size and forecast 2021-2026
• Exhibit 106: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 107: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 108: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 109: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 9.9 US - Market size and forecast 2021-2026
• Exhibit 110: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 111: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 112: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 113: Data Table on US - Year-over-year growth 2021-2026 (%)

• 9.10 China - Market size and forecast 2021-2026
• Exhibit 114: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 115: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 116: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 117: Data Table on China - Year-over-year growth 2021-2026 (%)

• 9.11 Germany - Market size and forecast 2021-2026
• Exhibit 118: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 119: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 120: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 121: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 9.12 UK - Market size and forecast 2021-2026
• Exhibit 122: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 123: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 124: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 125: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 9.13 France - Market size and forecast 2021-2026
• Exhibit 126: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 127: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 128: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 129: Data Table on France - Year-over-year growth 2021-2026 (%)

• 9.14 Market opportunity by geography 
• Exhibit 130: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 131: Impact of drivers and challenges in 2021 and 2026

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 132: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 133: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 134: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 135: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 136: Matrix on vendor position and classification

• 12.3 Archer Daniels Midland Co. 
• Exhibit 137: Archer Daniels Midland Co. - Overview
• Exhibit 138: Archer Daniels Midland Co. - Business segments
• Exhibit 139: Archer Daniels Midland Co. - Key offerings
• Exhibit 140: Archer Daniels Midland Co. - Segment focus

• 12.4 BioGaia AB 
• Exhibit 141: BioGaia AB - Overview
• Exhibit 142: BioGaia AB - Business segments
• Exhibit 143: BioGaia AB - Key news
• Exhibit 144: BioGaia AB - Key offerings
• Exhibit 145: BioGaia AB - Segment focus

• 12.5 Chr Hansen Holding AS 
• Exhibit 146: Chr Hansen Holding AS - Overview
• Exhibit 147: Chr Hansen Holding AS - Business segments
• Exhibit 148: Chr Hansen Holding AS - Key news
• Exhibit 149: Chr Hansen Holding AS - Key offerings
• Exhibit 150: Chr Hansen Holding AS - Segment focus

• 12.6 Daflorn Probiotics UK 
• Exhibit 151: Daflorn Probiotics UK - Overview
• Exhibit 152: Daflorn Probiotics UK - Product / Service
• Exhibit 153: Daflorn Probiotics UK - Key offerings

• 12.7 Farmhouse Culture Inc 
• Exhibit 154: Farmhouse Culture Inc - Overview
• Exhibit 155: Farmhouse Culture Inc - Product / Service
• Exhibit 156: Farmhouse Culture Inc - Key offerings

• 12.8 Lifeway Foods Inc. 
• Exhibit 157: Lifeway Foods Inc. - Overview
• Exhibit 158: Lifeway Foods Inc. - Product / Service
• Exhibit 159: Lifeway Foods Inc. - Key offerings

• 12.9 Probulin Probiotics LLC 
• Exhibit 160: Probulin Probiotics LLC - Overview
• Exhibit 161: Probulin Probiotics LLC - Product / Service
• Exhibit 162: Probulin Probiotics LLC - Key offerings

• 12.10 Symrise AG 
• Exhibit 163: Symrise AG - Overview
• Exhibit 164: Symrise AG - Business segments
• Exhibit 165: Symrise AG - Key offerings
• Exhibit 166: Symrise AG - Segment focus

• 12.11 That's it Nutrition LLC 
• Exhibit 167: That's it Nutrition LLC - Overview
• Exhibit 168: That's it Nutrition LLC - Product / Service
• Exhibit 169: That's it Nutrition LLC - Key offerings

• 12.12 Uncle Matts Organic 
• Exhibit 170: Uncle Matts Organic - Overview
• Exhibit 171: Uncle Matts Organic - Product / Service
• Exhibit 172: Uncle Matts Organic - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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