Probiotics are microorganisms such as bacteria and yeast that help humans and animals by maintaining intestinal microbial balance. Probiotics ingredient stimulates natural digestive juices and enzymes in the body to ensure proper digestive system function. They can be taken orally or as supplements. Moreover, probiotics shield healthy organisms from potentially harmful organisms. Probiotics products are now used to diagnose mental illnesses, as well as to treat digestive issues and neurological disorders. Furthermore, they strengthen the human immune system, protect proteins &lipids from oxidative damage, and reduce pathogens in the body.
Probiotics Market was estimated at USD 63.70 Billion units in 2021, are estimated to gain a revised size of USD 105.68 Billion by 2028 growing at a CAGR of 7.5% globally.
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The Major Players In The Probiotics Market Include:
· Aria Foods Inc.
· Lallemand Inc.
· Danone
· Nestle S.A.
· Danisco
· BioGaia AB
· General Mills Inc.
· Mother Dairy Fruits and Vegetables Pvt Ltd.
· Lifeway Foods Inc.
· Chr Hasen Holding A/S
· Yakult Honsha Co. Ltd
The market has segmented the global Probiotics market on the basis of type, application, and region:
The Probiotics market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
Liquid, Dry
By Application:
Food and Beverages, Dietary Supplements, Animal Feed.
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Probiotics Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
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