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New Report Offers Analysis of Probiotics Market 2023-2032: Danone, Yakult Honsha Co., Ltd., ADM, Probi

02-28-2023 09:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: REPORTS PUBLISHER

New Report Offers Analysis of Probiotics Market 2023-2032:

The probiotics market is flourishing, with revenue reaching USD 85.4 billion by the end of 2027, demonstrating a strong CAGR of 8.1%. In 2022, the global industry was valued at USD 57.8 billion, reflecting its rapid and continued growth.

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This growth is fueled by several key factors, including the heightened recognition of gut health's significance, technological innovations, and the surging demand for functional foods and dietary supplements. Contributing to this growth are the escalating incidence of chronic diseases like obesity and diabetes and the growing understanding of the impact of gut health on overall wellness.

Probiotics are recognized globally for their health benefits in humans and animals. Owing to their increasing benefits, international bodies such as the WHO, the IPA, as well as the International Scientific Association for Probiotics and Prebiotics are spreading awareness related to probiotics.

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Probiotics integration in food products is a brilliant health and marketing innovation to attract consumers. However, developing probiotics integrated functional foods is challenging due to their complex and expensive development procedures.

Dietary supplements product type in the probiotics market is projected to grow at the highest CAGR of 8.1% during the forecast period
People consume probiotics-based dietary supplements to substitute their nutrient requirements.

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Key Companies
The key players in this market include Danone (France), Yakult Honsha Co., Ltd. (Japan), ADM (US), Probi (Sweden), and Nestle (Switzerland)

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