Probiotics Market Synopsis

Probiotics Market Size Was Valued at USD 66.3 Billion in 2023, and is Projected to Reach USD 139.3 Billion by 2032, Growing at a CAGR of 8.6% From 2024-2032.

Probiotics are the living microorganisms of bacteria and yeast, which are helpful in maintaining a balance in the intestines of the human as well as animals. It helps the production of digestive acids as well as enzymes to ensure that digestion takes place well. It helps the good bacteria to avoid destruction from dangerous bacteria. It is worth noting that probiotics are also being used to cure mental diseases, digestive, and neurological illnesses. They also modulate the immune response and prevent oxidative breakdown of proteins and lipids, also eradicate infections within the body.

• The growing concern among the buyers to opt for preventive healthcare, coupled with the upsurge in the preference for organic and safe products that possess health benefits is expected to fuel the market’s growth. Some of the expected drivers for the growth of this market include; Several Government initiatives and the raising efforts of the associations & organizations to persuade the consumers to buy these products. For instance, NSM has launched a Probiotics Education Program (PEP) to ensure that customers are well informed of the health benefits of the product.
• Consumers are also changing their preferences by moving towards disease management diets which is also the reason why functional foods and nutraceuticals containing probiotics are increasingly being incorporated. The other demographic factors that have attributed to the use of probiotics as part of preventive measures in healthcare include rise in disposable income, better standard of living, and increase in population of elderly people. Thirdly, also, consumers have gained awareness of the value of the probiotics concerning the health of the digestive tract. At the present time, there are several genetically characterized strains of lactobacilli and bifidobacteria that can prevent infections affecting the gastrointestinal tract or manage similar disorders.
• One of the factors that have favored market growth is the higher demand that people have for natural products. The rising awareness among consumers regarding preventive health and the benefits of the probiotics bacteria are the key factors contributing to market growth. The market for probiotics has grown because functional foods that could help to improve health in addition to providing basic nutrients are becoming more popular.
• Most people nowadays are either obese or suffer from digestive disorders, gastroenteritis, candidiasis, yeast infections and many other illnesses. Given this, the market players have come up with probiotics products for use in handling such diseases. It is moderate when measured against the backdrop of the current market for probiotics; however, it is likely to increase in the near future.

Probiotics Market Trend Analysis

Rise in the Adoptation of Probiotics in Food and Beverage

• Probiotics are used popularly as a food supplement in the form of functional foods in food products and beverages and has positive effects on human gastrointestinal tract. For instance, a survey was done in 2021 by Habit Health and Nutrition, which is a nutrition tech company based in India to determine what people feel is missing in their diets, and what they need to do to improve their physical and mental health. Accordingly, as research reveals, more than 70% of people aim at improving their diet to boost health and immunity and reduce stress and anxiety. Therefore, increased customer preference for healthy food sustains the global probiotics market advancement.

Global Rise in the Demand of Immunity Boosting  Probiotics Fortified Food

• Probiotics are a part of the dietary supplements that are useful in digestion and have a large number of advantages, including increased immune systems, gut health, weight loss, and prevention of obesity, etc. The awareness about the health benefits that it offers is expected to rise further in the coming years, and therefore propel the growth of the market. The increased awareness of people towards their health and well-being and the new-found concept of veganism is shifting the consumers towards eating plant-based food products, which is forecasted to fuel the sales of plant-based products. Consequently, numerous categories, including highly competitive leaders in the sector, are starting to develop plant-based probiotics to expand their audience. For instance, in August 2020, Chobani, an American Food Company, declared that they were introducing a new probiotic drink in the market. The new product is in four different flavors each containing natural herbs i. e. Lemon Ginger, Pineapple Turmeric, Peach Mint and Cherry Hibiscus Tea.

Probiotics Market Segment Analysis:

Probiotics Market is segmented based on Microbial Genus, Application and Distribution Channel.

By Application, Functional Food & Beverage segment is expected to dominate the market during the forecast period

• Currently functional foods and beverages have become an integral part of people’s diets and are proven to have possible positive impacts other than basic nutritional values. Today, the popularity of functional food and beverages is one of the most popular food trends in the world. Rising demand of natural and healthy products is also contributing to the product demand. The growing consciousness among the consumers about the healthy and balanced diet helping in disease prevention and controlling their overall health is likely to drive the market for those dietary supplements which cater to their needs.

By Microbial Genus, Lactobacillus segment held the largest share in 2023

• Lactobacillus was the highest utilized probiotics in the global market in 2022. Lactobacillus strains possess an inhibitory efficacy to suppress the growth of microorganisms and pathogens which are advantageous for shelf-life enhancement and augmentation of hygienic prominence of foods. Lactobacillus strain is helpful to humans due to their efficiency in combating enteric diseases in humans thus expected to help fuel product demand. Among all the products, yeast is expected to grow at the highest Compound Annual Growth Rate (CAGR) in the worldwide market. Saccharomyces boulardii is among the most popular yeasts used in the manufacture of probiotic beverages. It helps to maintain a healthy gut and acts as a barrier to prevent pathogenic microorganisms that can cause harm to the inner lining of the intestines. It also controls various aspects of the immune system, as well as maintaining the integrity of the gastrointestinal tract’s barrier. These include increasing product awareness that will in turn translate into increased product demand owing to the perceived benefits of these products.

Probiotics Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Asia Pacific dominates the global market and is forecasted to have the largest share for the given period as well. This region has developed quite fast within the last one decade with china and Japan accounting for half of the sale in the region. Thus, the demand for probiotic products, especially for drinks in Japan and some CSHA countries will possibly remain to be rather high during the forthcoming years. For example, Yakult Honsha located in Japan argues that it sells 9,540 Yakult bottles daily in Japan. The rise in consumption of these brewed beers and other fermented drinks is anticipated to contribute to the growth of the regional markets.

Active Key Players in the Probiotics Market

• Danone S.A. (Paris, France)
• Lallemand Inc. (Canada)
• Yakult Honsha (Japan)
• Nestlé S.A. (Vevey, Switzerland)
• DuPont (Danisco A/S) (Delaware, United States)
• Chr. Hansen (Horsholm, Denmark)
• Kerry Inc. (Tralee, Ireland)
• Post Holdings, Inc. (Missouri)
• Pepsico, Inc. (New York, United States)
• Evolve Biosystems, Inc. (Davis, California)
• Other Key Players

Key Industry Developments in the Probiotics Market:

• In January 2024, BIO-CAT's collaboration with Caldic North America has facilitated the introduction of its exclusive probiotic strains and OPTIFEED-branded solutions into the North American pet food market. Through the partnership, BIO-CAT's pet probiotics became accessible to North American consumers, marking a significant expansion for the company. The agreement established a platform for BIO-CAT to showcase its innovative products, enhancing the diversity and quality of offerings in the pet food industry.
• In November 2023, Blue Aqua and SCD Probiotics partnered to construct a probiotics manufacturing plant in Singapore. The plant, with a focus on probiotics and enzymes customized for aquaculture and water treatment, produced and distributed microbial biochemical solutions for the global aquaculture market.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PROBIOTICS MARKET BY MICROBIAL GENUS (2017-2032)
   1. PROBIOTICS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. LACTOBACILLUS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BIFIDOBACTERIUM
   5. YEAST
7. PROBIOTICS MARKET BY APPLICATION (2017-2032)
   1. PROBIOTICS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FUNCTIONAL FOOD AND BEVERAGE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DIETARY SUPPLEMENT
   5. ANIMAL FEED
8. PROBIOTICS MARKET BY DISTRIBUTION CHANNEL (2017-2032)
   1. PROBIOTICS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SUPERMARKETS/HYPERMARKETS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PHARMACIES/HEALTH STORES
   5. CONVENIENCE STORES
   6. ONLINE RETAIL
   7. OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Luxury Goods Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. DANONE S.A. (PARIS, FRANCE)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. LALLEMAND INC. (CANADA)
   4. YAKULT HONSHA (JAPAN)
   5. NESTLÉ S.A. (VEVEY, SWITZERLAND)
   6. DUPONT (DANISCO A/S) (DELAWARE, UNITED STATES)
   7. CHR. HANSEN (HORSHOLM, DENMARK)
   8. KERRY INC. (TRALEE, IRELAND)
   9. POST HOLDINGS, INC. (MISSOURI)
   10. PEPSICO, INC. (NEW YORK, UNITED STATES)
   11. EVOLVE BIOSYSTEMS, INC. (DAVIS, CALIFORNIA)
10. GLOBAL PROBIOTICS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Microbial Genus
       4. Historic And Forecasted Market Size By Application
       5. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PROBIOTIC MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PROBIOTIC MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PROBIOTIC MARKET COMPETITIVE RIVALRY
TABLE 005. PROBIOTIC MARKET THREAT OF NEW ENTRANTS
TABLE 006. PROBIOTIC MARKET THREAT OF SUBSTITUTES
TABLE 007. PROBIOTIC MARKET BY FORM
TABLE 008. LIQUID MARKET OVERVIEW (2016-2028)
TABLE 009. DRY MARKET OVERVIEW (2016-2028)
TABLE 010. PROBIOTIC MARKET BY INGREDIENT
TABLE 011. BACTERIA MARKET OVERVIEW (2016-2028)
TABLE 012. YEAST MARKET OVERVIEW (2016-2028)
TABLE 013. PROBIOTIC MARKET BY APPLICATION
TABLE 014. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 015. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
TABLE 016. ANIMAL FEED MARKET OVERVIEW (2016-2028)
TABLE 017. PROBIOTIC MARKET BY FUNCTION
TABLE 018. REGULAR MARKET OVERVIEW (2016-2028)
TABLE 019. PREVENTIVE HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 020. PROBIOTIC MARKET BY END-USERS
TABLE 021. HUMAN AND ANIMAL MARKET OVERVIEW (2016-2028)
TABLE 022. PROBIOTIC MARKET BY DISTRIBUTION CHANNEL
TABLE 023. HYPERMARKET/SUPERMARKET MARKET OVERVIEW (2016-2028)
TABLE 024. PHARMACIES MARKET OVERVIEW (2016-2028)
TABLE 025. SPECIALTY STORES MARKET OVERVIEW (2016-2028)
TABLE 026. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 027. NORTH AMERICA PROBIOTIC MARKET, BY FORM (2016-2028)
TABLE 028. NORTH AMERICA PROBIOTIC MARKET, BY INGREDIENT (2016-2028)
TABLE 029. NORTH AMERICA PROBIOTIC MARKET, BY APPLICATION (2016-2028)
TABLE 030. NORTH AMERICA PROBIOTIC MARKET, BY FUNCTION (2016-2028)
TABLE 031. NORTH AMERICA PROBIOTIC MARKET, BY END-USERS (2016-2028)
TABLE 032. NORTH AMERICA PROBIOTIC MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 033. N PROBIOTIC MARKET, BY COUNTRY (2016-2028)
TABLE 034. EUROPE PROBIOTIC MARKET, BY FORM (2016-2028)
TABLE 035. EUROPE PROBIOTIC MARKET, BY INGREDIENT (2016-2028)
TABLE 036. EUROPE PROBIOTIC MARKET, BY APPLICATION (2016-2028)
TABLE 037. EUROPE PROBIOTIC MARKET, BY FUNCTION (2016-2028)
TABLE 038. EUROPE PROBIOTIC MARKET, BY END-USERS (2016-2028)
TABLE 039. EUROPE PROBIOTIC MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 040. PROBIOTIC MARKET, BY COUNTRY (2016-2028)
TABLE 041. ASIA PACIFIC PROBIOTIC MARKET, BY FORM (2016-2028)
TABLE 042. ASIA PACIFIC PROBIOTIC MARKET, BY INGREDIENT (2016-2028)
TABLE 043. ASIA PACIFIC PROBIOTIC MARKET, BY APPLICATION (2016-2028)
TABLE 044. ASIA PACIFIC PROBIOTIC MARKET, BY FUNCTION (2016-2028)
TABLE 045. ASIA PACIFIC PROBIOTIC MARKET, BY END-USERS (2016-2028)
TABLE 046. ASIA PACIFIC PROBIOTIC MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 047. PROBIOTIC MARKET, BY COUNTRY (2016-2028)
TABLE 048. MIDDLE EAST & AFRICA PROBIOTIC MARKET, BY FORM (2016-2028)
TABLE 049. MIDDLE EAST & AFRICA PROBIOTIC MARKET, BY INGREDIENT (2016-2028)
TABLE 050. MIDDLE EAST & AFRICA PROBIOTIC MARKET, BY APPLICATION (2016-2028)
TABLE 051. MIDDLE EAST & AFRICA PROBIOTIC MARKET, BY FUNCTION (2016-2028)
TABLE 052. MIDDLE EAST & AFRICA PROBIOTIC MARKET, BY END-USERS (2016-2028)
TABLE 053. MIDDLE EAST & AFRICA PROBIOTIC MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 054. PROBIOTIC MARKET, BY COUNTRY (2016-2028)
TABLE 055. SOUTH AMERICA PROBIOTIC MARKET, BY FORM (2016-2028)
TABLE 056. SOUTH AMERICA PROBIOTIC MARKET, BY INGREDIENT (2016-2028)
TABLE 057. SOUTH AMERICA PROBIOTIC MARKET, BY APPLICATION (2016-2028)
TABLE 058. SOUTH AMERICA PROBIOTIC MARKET, BY FUNCTION (2016-2028)
TABLE 059. SOUTH AMERICA PROBIOTIC MARKET, BY END-USERS (2016-2028)
TABLE 060. SOUTH AMERICA PROBIOTIC MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 061. PROBIOTIC MARKET, BY COUNTRY (2016-2028)
TABLE 062. ARIA FOODS: SNAPSHOT
TABLE 063. ARIA FOODS: BUSINESS PERFORMANCE
TABLE 064. ARIA FOODS: PRODUCT PORTFOLIO
TABLE 065. ARIA FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. LALLEMAND: SNAPSHOT
TABLE 066. LALLEMAND: BUSINESS PERFORMANCE
TABLE 067. LALLEMAND: PRODUCT PORTFOLIO
TABLE 068. LALLEMAND: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. DANONE: SNAPSHOT
TABLE 069. DANONE: BUSINESS PERFORMANCE
TABLE 070. DANONE: PRODUCT PORTFOLIO
TABLE 071. DANONE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. NESTLE S.A.: SNAPSHOT
TABLE 072. NESTLE S.A.: BUSINESS PERFORMANCE
TABLE 073. NESTLE S.A.: PRODUCT PORTFOLIO
TABLE 074. NESTLE S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. DANISCO: SNAPSHOT
TABLE 075. DANISCO: BUSINESS PERFORMANCE
TABLE 076. DANISCO: PRODUCT PORTFOLIO
TABLE 077. DANISCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. BIOGAIA AB: SNAPSHOT
TABLE 078. BIOGAIA AB: BUSINESS PERFORMANCE
TABLE 079. BIOGAIA AB: PRODUCT PORTFOLIO
TABLE 080. BIOGAIA AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. GENERAL MILLS INC.: SNAPSHOT
TABLE 081. GENERAL MILLS INC.: BUSINESS PERFORMANCE
TABLE 082. GENERAL MILLS INC.: PRODUCT PORTFOLIO
TABLE 083. GENERAL MILLS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. MOTHER DAIRY FRUITS AND VEGETABLES PVT LTD.: SNAPSHOT
TABLE 084. MOTHER DAIRY FRUITS AND VEGETABLES PVT LTD.: BUSINESS PERFORMANCE
TABLE 085. MOTHER DAIRY FRUITS AND VEGETABLES PVT LTD.: PRODUCT PORTFOLIO
TABLE 086. MOTHER DAIRY FRUITS AND VEGETABLES PVT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. LIFEWAY FOODS INC.: SNAPSHOT
TABLE 087. LIFEWAY FOODS INC.: BUSINESS PERFORMANCE
TABLE 088. LIFEWAY FOODS INC.: PRODUCT PORTFOLIO
TABLE 089. LIFEWAY FOODS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. CHR HASEN HOLDING A/S: SNAPSHOT
TABLE 090. CHR HASEN HOLDING A/S: BUSINESS PERFORMANCE
TABLE 091. CHR HASEN HOLDING A/S: PRODUCT PORTFOLIO
TABLE 092. CHR HASEN HOLDING A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. YAKULT HONSHA CO. LTD: SNAPSHOT
TABLE 093. YAKULT HONSHA CO. LTD: BUSINESS PERFORMANCE
TABLE 094. YAKULT HONSHA CO. LTD: PRODUCT PORTFOLIO
TABLE 095. YAKULT HONSHA CO. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. CELL BIOTECH CO. LTD.: SNAPSHOT
TABLE 096. CELL BIOTECH CO. LTD.: BUSINESS PERFORMANCE
TABLE 097. CELL BIOTECH CO. LTD.: PRODUCT PORTFOLIO
TABLE 098. CELL BIOTECH CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. PROBIOTICAL S.P.A.: SNAPSHOT
TABLE 099. PROBIOTICAL S.P.A.: BUSINESS PERFORMANCE
TABLE 100. PROBIOTICAL S.P.A.: PRODUCT PORTFOLIO
TABLE 101. PROBIOTICAL S.P.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. KERRY GROUP PLC.: SNAPSHOT
TABLE 102. KERRY GROUP PLC.: BUSINESS PERFORMANCE
TABLE 103. KERRY GROUP PLC.: PRODUCT PORTFOLIO
TABLE 104. KERRY GROUP PLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. EVOLVE BIOSYSTEM.: SNAPSHOT
TABLE 105. EVOLVE BIOSYSTEM.: BUSINESS PERFORMANCE
TABLE 106. EVOLVE BIOSYSTEM.: PRODUCT PORTFOLIO
TABLE 107. EVOLVE BIOSYSTEM.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. KEVITA INC.: SNAPSHOT
TABLE 108. KEVITA INC.: BUSINESS PERFORMANCE
TABLE 109. KEVITA INC.: PRODUCT PORTFOLIO
TABLE 110. KEVITA INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. PROBI AB: SNAPSHOT
TABLE 111. PROBI AB: BUSINESS PERFORMANCE
TABLE 112. PROBI AB: PRODUCT PORTFOLIO
TABLE 113. PROBI AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 114. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 115. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 116. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PROBIOTIC MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PROBIOTIC MARKET OVERVIEW BY FORM
FIGURE 012. LIQUID MARKET OVERVIEW (2016-2028)
FIGURE 013. DRY MARKET OVERVIEW (2016-2028)
FIGURE 014. PROBIOTIC MARKET OVERVIEW BY INGREDIENT
FIGURE 015. BACTERIA MARKET OVERVIEW (2016-2028)
FIGURE 016. YEAST MARKET OVERVIEW (2016-2028)
FIGURE 017. PROBIOTIC MARKET OVERVIEW BY APPLICATION
FIGURE 018. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 019. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
FIGURE 020. ANIMAL FEED MARKET OVERVIEW (2016-2028)
FIGURE 021. PROBIOTIC MARKET OVERVIEW BY FUNCTION
FIGURE 022. REGULAR MARKET OVERVIEW (2016-2028)
FIGURE 023. PREVENTIVE HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 024. PROBIOTIC MARKET OVERVIEW BY END-USERS
FIGURE 025. HUMAN AND ANIMAL MARKET OVERVIEW (2016-2028)
FIGURE 026. PROBIOTIC MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 027. HYPERMARKET/SUPERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 028. PHARMACIES MARKET OVERVIEW (2016-2028)
FIGURE 029. SPECIALTY STORES MARKET OVERVIEW (2016-2028)
FIGURE 030. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 031. NORTH AMERICA PROBIOTIC MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. EUROPE PROBIOTIC MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. ASIA PACIFIC PROBIOTIC MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. MIDDLE EAST & AFRICA PROBIOTIC MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 035. SOUTH AMERICA PROBIOTIC MARKET OVERVIEW BY COUNTRY (2016-2028)