In this blog post, we will delve into the fascinating world of Probiotics Industry Statistics. From market trends to consumer preferences, we will explore the latest data and insights shaping this rapidly growing industry. Join us as we uncover key statistics and trends that are driving the probiotics market forward.
The Latest Probiotics Industry Statistics Explained
The global probiotics market size was valued at USD 48.4 billion in 2019.
The statistic stating that the global probiotics market size was valued at USD 48.4 billion in 2019 indicates the total economic worth of the probiotics industry worldwide during that year. This value encompasses the revenue generated from the sales of probiotic products, including supplements, foods, and beverages containing live beneficial bacteria. The substantial market size reflects the increasing consumer awareness and interest in probiotics, driven by their potential health benefits such as improved digestion, immune function, and overall gut health. The growth of the probiotics market is indicative of evolving dietary preferences and a growing emphasis on preventive healthcare practices globally.
The probiotics market is expected to grow at a CAGR of 6.7% from 2020 to 2025.
This statistic indicates that the probiotics market, which includes products like dietary supplements and functional foods containing beneficial bacteria for gut health, is projected to experience a Compound Annual Growth Rate (CAGR) of 6.7% over a five-year period from 2020 to 2025. This growth rate suggests a steady and continuous increase in the market size and consumer demand for probiotic products during this timeframe. Factors such as rising awareness about gut health, increased emphasis on preventive healthcare, and growing research supporting the benefits of probiotics are likely driving this anticipated expansion in the market. Companies operating in the probiotics industry may see opportunities for innovation and market expansion in response to this expected growth trend.
The probiotics market is expected to reach USD 74.69 billion by 2023.
This statistic indicates the projected size of the probiotics market in terms of revenue, with an expected value of USD 74.69 billion by the year 2023. This forecast suggests a significant growth trend in the industry, reflecting increasing consumer demand for probiotic products globally. Factors driving this growth may include rising awareness of the health benefits of probiotics, expanded applications in various sectors such as food and beverage, dietary supplements, and pharmaceuticals, as well as advancements in research and development of new probiotic strains. The expected market size reflects opportunities for businesses and investors in the probiotics market to capitalize on this growing trend and cater to the evolving needs of health-conscious consumers.
The dairy-based probiotics held the largest market share of 78.8% in 2020.
The statistic indicates that within the probiotics market in 2020, products containing dairy-based probiotics accounted for the largest proportion of market share at 78.8%. This suggests that consumers showed a strong preference for probiotic products derived from dairy sources such as yogurt, kefir, and cheese. The high market share of dairy-based probiotics may signify trust and familiarity with these products among consumers, possibly due to their perceived health benefits and effectiveness. This statistic highlights the dominance of dairy-based probiotics within the market landscape and underscores the significance of this category in meeting consumer demand for probiotic-enhanced products.
Asia Pacific led the global probiotics market, accounting for over 38.6% revenue share in 2019.
The statistic indicates that in 2019, the Asia Pacific region dominated the global probiotics market, contributing to more than 38.6% of the total revenue generated worldwide. This suggests that Asia Pacific was the largest market for probiotics in terms of revenue generation, outpacing other regions like North America and Europe. The high revenue share indicates a strong demand for probiotics in Asia Pacific, possibly driven by factors such as increasing awareness of the health benefits of probiotics, changing dietary habits, and a growing focus on preventive healthcare. This statistic highlights the significant market presence of probiotics in Asia Pacific and underscores the region’s importance in the global probiotics industry.
Functional foods & beverages is the largest application segment for probiotics, accounting for over 85% of the total market.
The statistic “Functional foods & beverages is the largest application segment for probiotics, accounting for over 85% of the total market” indicates that the majority of probiotics are used in functional foods and beverages. This suggests that these products are the primary delivery system for probiotics, showcasing their popularity and widespread acceptance in the market. Functional foods and beverages are specifically formulated to provide health benefits beyond basic nutrition, and the inclusion of probiotics in these products helps to promote digestive health, immunity, and overall well-being. The high percentage of probiotics in this segment reflects the growing consumer interest in incorporating beneficial bacteria into their daily diet through easily consumable and accessible food and beverage products.
Probiotics for human use dominated the market, with nearly 93% of the total market share in 2019.
The statistic indicates that probiotics intended for human consumption held a substantial market share in 2019, accounting for approximately 93% of the total market share. This dominance suggests that probiotics tailored for human use were significantly more popular and widely consumed compared to those designed for other purposes such as animal feed or industrial applications. The high market share further underscores the strong demand and consumer interest in probiotics for human health and wellness benefits, reflecting a growing trend towards incorporating these beneficial microorganisms into daily diets and healthcare routines.
The probiotic dietary supplements segment is predicted to show the fastest growth, at a CAGR of 7.8% from 2020 to 2025.
This statistic indicates that the probiotic dietary supplements segment is expected to experience significant growth over the period from 2020 to 2025, with a Compound Annual Growth Rate (CAGR) of 7.8%. This means that on average, the revenue or market size of probiotic dietary supplements is projected to increase by 7.8% annually during this timeframe. The faster growth rate compared to other segments suggests a rising consumer interest in probiotic products for health and wellness benefits. Factors such as increasing awareness of the importance of gut health, growing demand for functional foods and beverages, and expanding research on the benefits of probiotics may be driving this anticipated growth in the probiotic dietary supplements market.
The market for probiotic cosmeceuticals is projected to reach 37.8 million dollars by 2026.
The statistic implies that the market for probiotic cosmeceuticals, which are cosmetic products containing live bacteria purported to have skin benefits, is forecasted to grow significantly to a value of 37.8 million dollars by the year 2026. This projection suggests a rising consumer interest and demand for skincare products that incorporate probiotics for their potential health and beauty benefits. The growth in this market may be driven by increasing awareness of the skin microbiome, perceived effectiveness of probiotics in improving skin health, and a general trend towards natural and holistic skincare solutions. Businesses operating in the probiotic cosmeceuticals sector may capitalize on this growth opportunity by expanding their product offerings, investing in research and development, and enhancing their marketing strategies to attract and retain customers in the competitive beauty industry.
The market size of probiotics in India is expected to amount to around 27.92 billion Indian rupees by 2022.
This statistic indicates that the market size of probiotics in India is projected to reach approximately 27.92 billion Indian rupees by the year 2022. This suggests a growing demand and consumption of probiotic products in the Indian market, likely driven by factors such as increasing awareness about the health benefits of probiotics, rising disposable income, and a shift towards a more health-conscious lifestyle among consumers in the country. The significant anticipated market size signifies the potential for lucrative opportunities for businesses operating within the probiotics industry in India, as they can tap into this expanding market to capitalize on the increasing demand for probiotic products.
The probiotics market in China was worth approximately 7.25 billion U.S. dollars in 2018.
The statistic indicates that in 2018, the probiotics market in China generated an estimated revenue of around 7.25 billion U.S. dollars. This figure highlights the financial value of the probiotics industry in China during that year, reflecting the significant consumer demand for probiotic products in the country. The market size suggests that probiotics have gained popularity among Chinese consumers, possibly due to increasing awareness of their potential health benefits. This statistic provides insights into the economic significance and growth potential of the probiotics market in China, indicating a lucrative opportunity for companies operating in this industry.
The demand for probiotics in the non-dairy end-use sector is expected to grow at the second-highest CAGR of 7.26% from 2021-2028.
This statistic highlights the projected growth rate of demand for probiotics within the non-dairy end-use sector from 2021 to 2028. The Compound Annual Growth Rate (CAGR) of 7.26% indicates that the demand for probiotics in non-dairy products is expected to increase at a steady pace over the specified period. This growth rate is anticipated to be the second-highest among all end-use sectors, emphasizing the rising consumer interest in incorporating probiotics into non-dairy alternatives. The substantial increase in demand implies a shift towards healthier food choices and a greater awareness of the potential health benefits associated with probiotics, driving market growth within the non-dairy segment.
The leading players in the probiotics market include Danone (France), Nestlé (Switzerland), and Chr. Hansen (Denmark).
The statistic provided identifies the key players in the probiotics market, which are Danone from France, Nestlé from Switzerland, and Chr. Hansen from Denmark. These companies are considered the leading players in the industry due to their market share, brand recognition, and product offerings. They are known for producing a wide range of probiotic products such as yogurts, supplements, and other food and beverage items that promote gut health and overall well-being. As market leaders, these companies drive innovation, set industry standards, and play a significant role in shaping the competitive landscape of the probiotics market on a global scale.
The infant formula application market holds a sizeable share of the Probiotics segment (19.3%) in 2019.
The statistic indicates that in 2019, the infant formula application market accounted for a significant portion (19.3%) of the overall Probiotics segment. This suggests that a substantial portion of the market for probiotics is driven by the use of probiotics in infant formula products. The high share held by infant formula applications demonstrates the importance and prevalence of probiotics in addressing infant health and nutrition needs, highlighting the potential growth and impact of probiotics in the infant formula industry. This data underscores the significance of probiotics in supporting infant health and the broad utilization of probiotic ingredients in infant formula formulations in the market.
Conclusion
The Probiotics Industry continues to exhibit strong growth and consumer interest, with significant market size and revenues. The statistics presented suggest a promising future for probiotics as more people prioritize gut health and overall wellness. It is clear that consumers are increasingly turning towards probiotic products, making this industry a key player in the health and wellness market.
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