As an impact of busy, modern lifestyle, the consumption of healthy food among humans has been limited, and at times, individuals disturb the delicate balance of the body’s intestinal flora, which can cause occasional gastrointestinal discomfort, and infection in other body parts. Therefore, a healthy balance of intestinal flora and infection control can be supported through the consumption of food or food supplement products that contain friendly live bacteria cultures, commonly referred to as 'probiotics'. Probiotics are live micro-organisms, when administered in adequate amount confer a health benefit on the host”, is the standard definition provided by the Food and Agriculture Association (FAO) of the United Nations. These friendly and live bacteria, when administered to and/or consumed by humans in the non-food form, are referred to as 'probiotic supplements’, which are generally available either in the form of tablets, capsules, powder, liquid, chewables, and others.

Probiotics market

The global revenue generated from Probiotics market is estimated to be valued at roughly US$ 6,762.2 Mn by the end of 2018 and is expected to increase at a CAGR of 8.3% over the forecast period. Global Probiotics market are expected to be valued at approximately US$ 12,753.4 Mn by the end of 2026.

Key Drivers & Restraints Impacting the Market Performance through 2026

Consumption of antibiotics per capita is increasing on the backdrop of the increase in healthcare expenditure and out of pocket pharmaceutical spending. Low and middle income countries are growing in terms of per capita disposable income, and this factor is boosting antibiotic consumption in these countries. Furthermore, favorable policies to push antibiotics in these countries have amplified the usage of antibiotics in some of these countries. Excessive usage of antibiotics by an individual results in imbalance of microbiota, and also lowers the bacterial diversity as well as overall bacterial count in the gut.

Harmful effects of excess antibiotic consumption has been reported, necessitating the additional supplementation of friendly bacteria into the body. Some of these bacteria have also developed antibiotic resistant characteristics, and do not respond to the consumed antibiotics. It is thus important to replenish such bacteria in the body, thus nucleating targeted bacterial strain consumption. A larger chunk of such population relying on antibiotics has absorbed the importance of probiotic supplements, and have started consuming them. The consumption of antibiotics has shown a significant rise in BRICS countries in the last decade; some antibiotics are available over the counter in these countries. Needles to says, probiotic supplement manufacturers have also adopted a targeted approach in these countries, and have invested in marketing efforts. These factors collectively are expected to support the overall demand for probiotic supplements across the globe.

Market Taxonomy on the Basis of Form, Packaging Type, & Distribution Channel

By form, the Probiotics market is segmented into dry and liquid. The dry segment is further sub-segmented as tablets/ caplets, capsules, powder/ granules and chewables. The dry segment is likely to be the most attractive segment in the forecast period owing to the availability of larger product variants coupled increasing product offerings in powder/granule format.

On the basis of packaging type, the Probiotics market can be segmented into blisters, bottles, containers, sachets, stick packs, droppers and others. Among all these segment the containers segment is estimated to account for a significant revenue share of 24.7% in 2018 and is expected to register significant growth rate during the forecast period. However the bottle segment is expected to register comparatively largest CAGR growth of 8.7% during the forecast period.

Furthermore, on the basis of distribution channel, the Probiotics market is segmented into hypermarkets/ supermarkets, pharmacies/ drugstores, specialty stores and online sales.

Analysis of Key Regional Markets & Key Market Players

On the basis of region, the market in North America and Europe is expected to dominate in terms of value share over the forecast period followed by Asia Pacific. Asia pacific is expected to become a prominent market by the end of the forecast period with a significant CAGR attributed to increase in product penetration and rising awareness through various promotional activities.

Some of the major companies operating in the global Probiotics market are Chr. Hansen Holding A/S, BioGaia AB, Probi AB, Nestlé S.A., DowDuPont Inc., The Procter & Gamble Company, Probiotics International Limited, Lallemand Inc. Pfizer Inc., PharmaCare Laboratories, Dr. Willmar Schwabe Group, SymbioPharm GmbH and others.

Transparency Market Research offers an 8-year forecast for the global Probiotics market between 2018 and 2026. The global Probiotics market is expected to register a CAGR of 8.3% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the Probiotics market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global Probiotics market over the forecast period. This report also offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional Probiotics market.

As an impact of modern life style, the consumption of healthy food among humans has been limited, and at times, individuals disturb the delicate balance of the body’s intestinal flora, which can cause occasional gastrointestinal discomfort and infection in other body parts. Therefore, a healthy balance of intestinal flora and infection control can be supported through the consumption of food or food supplement products that contain friendly live bacteria cultures, commonly referred to as 'probiotics'. Probiotics are live micro-organisms, when administered in adequate amount confer a health benefit on the host”, is the standard definition provided by the Food and Agriculture Association (FAO) of the United Nations. These friendly and live bacteria, when administered to and/or consumed by humans in the non-food form, are referred to as 'probiotic supplements’, which are generally available either in the form of tablets, capsules, powder, liquid, chewables, and others.

Key Segments Covered

  • Form
  • Packaging Type
  • Distribution Channel
  • Region

By form, the Probiotics market is segmented into dry and liquid. The dry segment is further sub-segmented as tablets/ caplets, capsules, powder/ granules and chewables. The dry segment is likely to be the most attractive segment in the forecast period owing to the availability of larger product variants coupled increasing product offerings in powder/granule format. On the basis of packaging type, the Probiotics market can be segmented into blisters, bottles, containers, sachets, stick packs, droppers and others. Among all these segment the containers segment is estimated to account for a significant revenue share of 24.7% in 2018 and is expected to register significant growth rate during the forecast period. However the bottle segment is expected to register comparatively largest CAGR growth of 8.7% during the forecast period. Furthermore, on the basis of distribution channel, the Probiotics market is segmented into hypermarkets/ supermarkets, pharmacies/ drugstores, specialty stores and online sales.

The report includes market share of each segment according to the region with analysis towards market trends respectively. A section of the report highlights Probiotics demand. It also provides a market outlook for 2018–2026 and sets the forecast within the context of the Probiotics ecosystem, including the new product developments as well as product offerings in the global Probiotics market. This study discusses key trends contributing to growth of the global Probiotics market, as well as analyses the degree to which drivers are influencing the global market.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are Probiotics’ key players of the global Probiotics market. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Probiotics space. Key players in the global Probiotics market includes Chr. Hansen Holding A/S, BioGaia AB, Probi AB, Nestlé S.A., DowDuPont Inc., The Procter & Gamble Company, Probiotics International Limited, Lallemand Inc. Pfizer Inc., PharmaCare Laboratories, Dr. Willmar Schwabe Group, SymbioPharm GmbH and others.

 In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.

Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global Probiotics market.

Key Regions/Countries Covered

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA
.