Probiotics Market Growth Driven by Functional Food and Supplement Trends

What is the projected growth rate (CAGR) of the Probiotics Market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Probiotics Market reached USD 62.4 billion in 2022 and is expected to reach USD 108.0 billion by 2031 and is expected to grow with a CAGR of 7.1% during the forecast period 2024-2031. One trend in the probiotics market is the increasing popularity of probiotics in non-dairy and plant-based products.
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What is Probiotics Market ?
The Probiotics Market encompasses the global industry focused on live beneficial microorganisms mainly bacteria and yeasts that offer health benefits when consumed in adequate amounts. This market is growing rapidly due to rising consumer awareness about gut health, immunity, and preventive healthcare. Increased demand for functional foods, innovations in probiotic strains, expanding use in non-dairy and animal nutrition, along with supportive regulations and investments in microbiome research, are driving significant global market expansion.
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Conclusion
the Probiotics Market is poised for sustained growth as consumers increasingly prioritize natural health solutions and functional nutrition. With expanding applications across food, beverages, supplements, and animal feed, along with continuous innovations and supportive regulatory frameworks, the market presents strong opportunities for both established players and new entrants in the health and wellness industry.
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Top Key Companies:
Koninklijke DSM N.V., Evolve BioSystems, Inc., Nature's Bounty Co., Lifeway Foods, Inc., Danone S.A, Yakult Honsha Co., Ltd., BioGaia AB, CHR. Hansen Holding A/S, Lallemand Inc., and The Procter & Gamble Company.
Market Segments:
By Ingredients: Bacteria, Yeast
By End-Use: Human, Animal
By Application: Food and Beverages, Dietary Supplements, Animal Feed
By Distribution Channel: Online, Offline
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