Probiotics Market is estimated to grow at a CAGR of 8.0%, till 2035, claims Roots Analysis
Roots Analysis
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In the realm of growing health consciousness and awareness about prophylactic treatment, the usage of probiotics has become a common practice. Probiotics are live strains of bacteria and yeast that work for the betterment of digestive health, immunity, mental health and overall well-being by modulation of the gut microflora. People consume probiotics as an add-on to their daily diet, in order to boost immunity and health, prevent diseases and ensures protection from side effects of other drugs (say, antibiotics). Further, the healthcare industry is gradually incorporating probiotics in the form of prescription medicine. To facilitate this integration, probiotic manufacturers often rely on strenuous manufacturing process for high-quality and safe probiotics starts with strain selection of bacteria or yeast, followed by media selection, fermentation, quality control, clinical trials (if required) and packaging.
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Probiotics Market Size
According to Roots Analysis, the global probiotics market is estimated to be around USD 165.1 billion in 2035. It is worth mentioning that growth of probiotics market is driven by several factors, such as rising health awareness (especially post the pandemic), right advertising by the companies and availability of online awareness platforms focusing on preventive treatment (especially in Asia-Pacific and North America). Notably, since probiotics show little to negligible side effects, both medical practitioners encourage the consumption of probiotics and even the consumers purchased the products directly through various distribution channels.
In terms of type of probiotic, majority share of the global probiotics market in 2024 is likely to be captured by foods and beverages segment. Further, amongst the geographical regions, majority of the global probiotics market in 2035 is anticipated to be captured by probiotic providers based in Asia-Pacific.
Probiotics Market Landscape
The current market landscape comprises of more than 95 probiotic providers engaged in offering probiotics for humans (adults, children and infants) and animals, in the form of foods and beverages, dietary and specialized supplements. Interestingly, owing to the rise in number of people consuming vegan products probiotic supplements also come in non dairy and plant based formats. Notably, around 40% of the probiotic companies are located in Europe, followed by North America. The overall probiotic providers landscape is fragmented, featuring a mix of both established companies as well as emerging start-ups.
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Patent Filing to Foster Progress and Innovation Activity in Probiotics Domain
In the past four years, over 500 patents focused on probiotic product / formulations / strains have been filled / granted by the probiotic providers in the landscape, highlighting the substantial efforts made by the players for brining innovative products into the industry. Most of the patents have been filed to secure exclusive rights for probiotic innovations, strains and specialized features of probiotics. It is worth mentioning that, during the time period (2020-2024), around 75% of the patents in this domain were patent applications, followed by granted patents (26%). Moreover, close to 40% of the patents fall under the jurisdiction of North America, whereas nearly 30% of the patents are under the jurisdiction of Asia-Pacific.
Leading Companies in Probiotics Market
Examples of key companies engaged in the human factors and usability engineering services domain (which have also been profiled in this report) include AB-BIOTICS, ADM, Arla Foods, BioGaia, Danone, General Mills, IFF, i-Health, Kerry, Lallemand, Lifeway Foods, Meiji, Morinaga Milk, Mother Dairy, Nestlé, Novonesis, Probi, Velbiom, Winclove Probiotics and Yakult Honsha
All your Questions Related to Probiotics Market Answered in this Report
The Probiotics Market, till 2035 report features an extensive study of the current market landscape, market size and future opportunities associated with the probiotics domain, during the given forecast period. Further, the market report highlights the efforts of several stakeholders engaged in this rapidly emerging segment of the healthcare industry. The report answers many key questions related to this market. Click on the below link to know more about this emerging area of research.
About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights.