Adopting the latest competitive strategies to conquer the market along with capital investment in innovation will drive the demand for probiotics in the food and cosmetics market.
Newark, April 14, 2022 (GLOBE NEWSWIRE) – According to the report published by The Brainy Insights, the global market for food and cosmetic probiotics is expected to grow from $ 54.3 billion in 2021 to $ 111.28 billion by 2030, with a CAGR of 8.4% over the forecast period 2022-2030.
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Humans have a microbiome in their body, which means that some bacteria live in the stomach and intestines that help the body in growth, immunity and maintenance of gut health. This live bacterium is called probiotics. Along with bacteria, yeast is also present. When there is a shortage of good bacteria in our body, it is introduced from the outside in the form of dietary supplements, foods and drinks that contain good bacteria. The introduction of this good bacterium into the body is facilitated by the probiotic food and cosmetic industry. Good bacteria are sought after as a preventative health measure that has shown promise in preventing certain diseases and conditions. With the new innovations, products that are now available in the form of pills, tablets, capsules and can be taken as drugs to treat certain conditions such as eczema. Probiotics can also be consumed in the form of food and drinks, they are present in various dairy products such as yogurt or non-dairy products such as cereals. They promote balance in the body and maintain good health.
Rising consumer awareness, rising disposable income, rising numbers of people with obesity and other ailments, rising healthcare spending, waning immunity due to the pandemic are driving the probiotic market food and cosmetics. Lifestyle changes in the era of sustainable health choices have gravitated consumers to probiotic products. New product developments and strategic partnerships between major companies looking to expand market share are some of the factors that are expected to drive global market growth in the future.
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Major players operating in the global probiotic food and cosmetics market are BioGaia AB, Lifeway Foods, Inc., Nestle SA, Protexin, Probi AB, Danone, Yakult Honsha Co., Ltd., Ganeden, Inc. ADM, Dupont tra the others. To strengthen their market position in the food and cosmetic probiotics market, key players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.
• BioGaia AB, a Swedish biotech company specializing in the development, marketing and sales of probiotics, began developing a probiotic targeting metabolic conditions in February 2021. They specified that metabolic conditions such as diabetes and related diseases would be the area of concern.
• To expand its market presence, Danone is launching specific products targeting a targeted audience, such as their probiotic to prevent breastfeeding mastitis in nursing mothers.
The bacteria segment dominated the market with a market share of around 80% and a market value of around 38.87 billion in 2021.
The ingredient segment is divided into bacteria and yeast. The bacteria segment dominated the market with a market share of around 80% and a market value of around 38.87 billion in 2021.
The preventive health care segment is expected to grow at the fastest CAGR of 9.4% over the forecast period.
The functional segment is divided into regular, preventive and therapeutic health care. Over the forecast period, the preventive health care segment is expected to grow at the fastest CAGR of 9.4%.
The dietary supplement segment will dominate the market, posting a CAGR of 9.2% over the forecast period.
The application segment is divided into food and beverage, food supplements and animal feed. The dietary supplement segment will dominate the market, recording growth at the CAGR of 9.2%. Customers in this segment are well established in the North American market, where taking vitamins and other supplements is an established norm for staying healthy. Other regions of the market are seeing the same trends due to the social media influencers and their huge following promoting these products.
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Analysis of the regional segment of the food and cosmetic probiotics market
• North America (USA Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of the MEA)
Among all the regions, the Asia Pacific region has emerged as the largest market for the global food and cosmetic probiotics market with a market share of approximately 40% in 2021. During the forecast period, it is expected that the ‘Asia Pacific will be the largest market. The market for food and cosmetic probiotics in Asia Pacific is rapidly expanding. Food and cosmetic probiotics in Asia Pacific are dominated by China and Japan. Japan’s aging population is prone to probiotic consumption due to the natural and compact nature in the form of easy-to-take pills, capsules, tablets. Cases of obesity and malnutrition are on the rise in the South Asian region, with malnutrition numbers on the rise due to COVID-induced blockages. Cases of malnutrition are a combination of numbers of children with conditions such as wasting and stunting. The immunity of individuals has also shrunk globally. These factors together have increased the need for supplements such as probiotics which maintain body balance, improve digestion, boost immunity, and fight bad bacteria.
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About the report:
The global probiotic food and cosmetic market is analyzed by value (billions of dollars). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, constraints and challenges to obtain key market insights. Study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply and Demand Analysis, Competitor Position Grid Analysis, Channel Analysis distribution and marketing.
About Brainy Insights:
The Brainy Insights is a market research firm, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimating model to meet our clients’ goals of delivering high quality results in a short amount of time. We provide both custom (customer specific) and group reports. Our trade union reporting repository is diverse across all categories and subcategories in domains. Our customized solutions are tailored to meet the needs of customers, whether they are looking to expand or are planning to launch a new product in the global market.
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