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Report Overview
The global probiotics market reached approximately USD 61.78 billion in 2023. The market is assessed to grow at a CAGR of 8.2% between 2024 and 2032 to attain a value of around USD 125.27 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Probiotics Market Competitive Landscape
Arla Foods amba is a leading dairy company as well as cooperative that is owned by over 12,500 dairy farmers in the Netherlands, Denmark, the United Kingdom, Sweden, Luxemburg, Germany, and Belgium. Through its reputed brands such as Lurpak, Puck, Arla, and Castello, the company sells and markets its products in more than 120 countries.
Chr. Hansen Holding A/S, headquartered in Hoersholm, Denmark, is a prominent bioscience company that is engaged in the development of natural ingredients for use in the agriculture, nutrition, food, and pharmaceutical sectors. It also owns more than 50,000 bacterial strains that are screened, improved, and selected to meet specific requirements for food, animal feed, dietary supplements, and plant protection, among others.
BioGaia AB is a Swedish probiotic company that was founded in 1990. The company has been at the forefront of microbiome research and develops, sells, and markets probiotic products. Its products are sold through nearly 80 distribution partners in more than 100 countries. It extensively invests in R&D activities to expand its product portfolio, discover new microbes, and advance the development of superior probiotics.
Other global probiotics market players include Danone S.A., Nestlé S.A., Koninklijke DSM N.V., Archer-Daniels-Midland Company, Fonterra Co-operative Group Limited, Lifeway Foods, Inc., Yakult Honsha Co., Ltd., Reckitt Benckiser Group plc., Kerry Group plc, PepsiCo Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., NextFoods, Inc., and Amway Corp., among others.
Probiotics Market Report Snapshots
Probiotics Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 61.78 billion.
The market is assessed to grow at a CAGR of 8.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 125.27 billion by 2032.
The major market drivers are the growing health consciousness and the increasing demand for food and beverages containing probiotics.
Product innovation by leading companies and the increasing launches of new probiotics products are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end-uses of probiotics are human probiotics and animal probiotics.
The major players in the market are Arla Foods amba, BioGaia AB, Chr. Hansen Holding A/S, Danone S.A., Nestlé S.A., Koninklijke DSM N.V., Archer-Daniels-Midland Company, Fonterra Co-operative Group Limited, Lifeway Foods, Inc., Yakult Honsha Co., Ltd., Reckitt Benckiser Group plc., Kerry Group plc, PepsiCo Inc., Mother Dairy Fruit & Vegetable Pvt. Ltd., NextFoods, Inc., and Amway Corp., among others.
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