“The Probiotics Foods & Cosmetics Market size was US$ 67.3 Billion in 2023 and is likely to grow at a decent CAGR of 6.3 % in the long run to reach US$ 114.2 Billion in 2032.”
Market Dynamics
Introduction
The Probiotics Food & Cosmetics Market is rapidly expanding, driven by increasing consumer awareness of the health benefits of beneficial bacteria. This market includes the product types—probiotic-enriched foods, beverages, and skin-care products—focused on enhancing digestive health, immunity, and skin conditions. This increase is further fuelled by the increase in lifestyle-related diseases.
The best probiotic skincare products help support the skin's natural layer of good bacteria, thereby promoting a healthier, stronger, and calmer skin barrier. They also help in protecting the skin from issues like dryness, irritation, inflammation, and damage caused by free radicals. Meanwhile, the consumption of probiotic supplements increases annually, enhancing a rapidly growing market of economic significance.
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In November 2020, Kerry acquired Bio-K Plus International, a company known for its range of clinically supported probiotic beverages and supplement applications.
Recent Product Development:
- In February 2021, BioGaia announced that it was targeting metabolic conditions, including diabetes and related diseases, in the development of next-generation probiotic products.
- In December 2020, Danone launched its probiotic product for the prevention of lactation mastitis in breastfeeding women.
- Probi AB has, in May 2020, signed a long-term R&D collaboration agreement with the Competence Centre on Health Technologies. The partnership between the two organizations is aimed at developing novel products, which will be based on probiotic lactobacilli strains, for the enhancement of women's health.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Product Type Analysis
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Probiotics Food & Beverages, Dietary Supplements, Cosmetics.
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The Probiotics Food & Beverages are expected to be the fastest growing market for Probiotics Foods & Cosmetics during the forecast period
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Ingredient-Type Analysis
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Bacteria and Yeast.
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The Bacteria is expected to hold a significant market share for Probiotic Foods & Cosmetics during the forecast period.
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Distribution channel-Type Analysis
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Hypermarkets/Supermarkets, Pharmacies/Drugstores, Speciality Stores, Online.
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Hypermarkets/Supermarkets are expected to hold the largest market share for Probiotics Foods & Cosmetics.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World.
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Asia-Pacific is expected to be the largest market over the forecast period.
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By Product Type
“The Probiotics Food & Beverages are expected to be the fastest growing market for Probiotics Foods & Cosmetics during the forecast period”.
- Probiotics are classified as food and beverages on the basis of their intended uses and associated health effects, which are based on specific probiotic microbes.
- Probiotic Products include foods and beverages that give health benefits through the addition of special ingredients beyond just their traditional sources of nutrition.
- Probiotic ingredients are part of a broad offering of food and beverage applications that include dairy products, non-dairy beverages, cereals, and infant formula.
- Consumer awareness regarding probiotics is increasing at the fastest pace, which is expected to drive research and development investments for new probiotic ingredient-infused products.
By Ingredient Type
“The Bacteria Type is expected to hold a significant market share for Probiotics Foods & Cosmetics during the forecast period”.
- The most used bacterial strains in probiotics are Lactobacilli, Bifidobacteria, and Streptococcus thermophilus, while other strains like Enterococcus, Bacillus, and Pediococcus are also used.
- The most crucial advantage of including scientifically identified bacterial strains in probiotic foods is the host's intestinal microbiota balance and that promotes the immune system. More secondary advantages can be listed as large intestine pH balances, cholesterol level reduction, disease prevention, treatment of tooth decay, and promoting women's health.
By Distribution Channel Type
“The hypermarkets/supermarkets are expected to hold the largest market share for the Industrial Enzyme Application segment during the forecast period”.
The hypermarkets/supermarkets segment holds the largest market share in the Probiotics Food and Cosmetics Market. This is primarily because they are the most popular means for purchasing protein-based supplement products, offering the convenience of shopping and access to multiple brands. supermarkets provide customers with the opportunity to consult knowledgeable sales staff and choose from a wide variety of supplements available in the store.
Regional Analysis
“Asia-Pacific is expected to hold the largest market share for Probiotics Foods & Cosmetics during the forecast period"
The Asia-Pacific is Expected to dominate Probiotics Foods & Cosmetics as Probiotics are increasingly seen as a must-have ingredient for a variety of health and nutritional applications. The concept of the health benefits associated with "good bacteria" has been well developed within European and Asia Pacific markets due to the relatively wide availability of bacterially fermented milk products within these regions. With the rise in disease instances such as obesity, high blood pressure, and osteoporosis, the tendency among consumers is to consume more fortified foods, beverages, and dietary supplements to stay on a healthy course.
Key Players
The market is highly fragmented with the presence of over 500 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the Probiotics Foods & Cosmetics Market:
Here is the list of the Top Players (Based on Dominance)
- Probi AB
- Nestlé
- ADM
- Danone
- DuPont
- Yakult Honsha
- Kerry
- BioGaia
- Esse skincare
- L’Oréal
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global Probiotics Foods & Cosmetics market is segmented into the following categories.
Probiotics Foods & Cosmetics Market, by Product Type
- Probiotics Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Dietary Supplements (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Cosmetics (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Probiotics Foods & Cosmetics Market, by Ingredient Type
- Bacteria (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the world)
- Yeast (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Probiotics Foods & Cosmetics Market, by Distribution Channel Type
- Hypermarkets/Supermarkets (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the world)
- Pharmacies/Drugstores (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Speciality Stores (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Online (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the world)
Probiotics Foods & Cosmetics Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Probiotics Foods & Cosmetics Market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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