How big is the Probiotics Market?

The Probiotics Market size is expected to reach USD 78.91 billion in 2024 and grow at a CAGR of 7.53% to reach USD 113.43 billion by 2029. Read More

What is the current Probiotics Market size?

In 2024, the Probiotics Market size is expected to reach USD 78.91 billion. Read More

Who are the key players in Probiotics Market?

Nestle S.A., Groupe Danone, PepsiCo Inc. (Kevita), Yakult Honsha Co. Ltd and Lifeway Foods Inc. are the major companies operating in the Probiotics Market. Read More

Which is the fastest growing region in Probiotics Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Probiotics Market?

In 2024, the Asia-Pacific accounts for the largest market share in Probiotics Market. Read More

What years does this Probiotics Market cover, and what was the market size in 2023?

In 2023, the Probiotics Market size was estimated at USD 72.97 billion. The report covers the Probiotics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Probiotics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving the growth of the Global Probiotics Market?

The key factors driving the growth of the Global Probiotics Market are a) Increasing focus on children's health and growing awareness of childhood gut health b) Growing body of research supporting the potential health benefits of probiotics Read More

Probiotics Market Share

Statistics for the 2023 & 2024 Probiotics market share, created by Mordor Intelligence™ Industry Reports. Probiotics share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Probiotics Industry

The market is highly competitive, with the presence of key players such as Nestle SA, Danone SA, PepsiCo Inc., Lifeway Foods Inc., and Yakult Honsha Co. Ltd. The sustainable competitive advantage through product differentiation is high, and manufacturers are increasingly introducing product innovations in terms of ingredients, price, and functionalities, leading to a high degree of competition in the market. These companies are also increasing their investments in R&D. Companies are also focusing on developing products with enhanced functionalities according to consumer preferences to expand their presence and maintain their market positions.