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Probiotics Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities

Probiotics Market by Microbial Genus (Lactobacillus, Bifidobacterium, Yeast), Forecast 2024-2032

Jun 21 2024
Base Year: 2023
180 Pages
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Probiotics Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities

Key Insights

The Probiotics Market size was valued at USD 48.88 USD Billion in 2023 and is projected to reach USD 90.68 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. The market is driven by rising consumer awareness of the health benefits of probiotics, increasing demand for functional foods and beverages, and technological advancements in the probiotics industry. Probiotics are live microorganisms that are intended to have health benefits when consumed or applied to the body. They can be found in yogurt and other fermented foods, dietary supplements, and beauty products. They provide health benefits when consumed, generally by improving or restoring the gut microbiota. Probiotics, whether by way of food or supplements, may help reduce diarrhea caused by things like antibiotic use, cancer therapy, and hospital infections. Probiotics may also help prevent cavities, because plaque (a buildup of certain bacteria, particularly streptococci, on the surface of the tooth) is what causes a cavity. Probiotics help protect the teeth by lowering the pH in the mouth and making the environment less favorable for these harmful bacteria. A lower pH (more acidic) environment full of certain helpful bacteria is protective in addition to good oral hygiene and avoiding sugar.

Probiotics Market Research Report - Market Size, Growth & Forecast

Probiotics Trends

  • Growing popularity of plant-based probiotics
  • Increased focus on personalized probiotics
  • Development of targeted probiotics for specific health conditions

Driving Forces: What's Propelling the Probiotics Market

  • Growing health consciousness among consumers
  • Rising prevalence of chronic diseases
  • Expanding applications in various food and beverage products
  • Government regulations and initiatives supporting probiotics

Challenges and Restraints in Probiotics Market

  • Stringent regulatory requirements
  • Cost-effectiveness concerns
  • Limited shelf life of probiotics

Emerging Trends in Probiotics

  • Precision probiotics: Tailoring probiotics to individual needs
  • Microbiome modulation: Harnessing probiotics to influence the gut microbiota
  • Synbiotics: Combinations of probiotics and prebiotics

Growth Catalysts in Probiotics Industry

Probiotics Market Growth

  • Increased R&D investments
  • Strategic partnerships and collaborations
  • Innovations in delivery systems

Market Segmentation: Probiotics Analysis

Microbial Genus:

  • Lactobacillus
  • Bifidobacterium
  • Yeast

Application:

  • Food and beverages
  • Dietary supplements
  • Pharmaceuticals
  • Animal feed

Leading 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)  

Significant developments in Probiotics Sector

  • Acquisition of probiotics companies by food and beverage giants
  • Launch of novel probiotic strains
  • Increasing investments in research and development

Comprehensive Coverage Probiotics Market Report

  • Detailed market analysis and key industry trends
  • Comprehensive market segmentation and regional insights
  • Profiles of leading probiotics manufacturers
  • In-depth SWOT analysis and competitive landscape

Regional Insight

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Consumer Side Analysis

  • Consumer perceptions and attitudes towards probiotics
  • Key factors influencing consumer purchasing decisions

DROCs

  • Drivers
  • Restraints
  • Opportunities
  • Challenges

SWOT Analysis

  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Probiotics Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 9.23% from 2018-2032
Segmentation
    • By Microbial Genus
      • Lactobacillus
      • Bifidobacterium
      • Yeast
  • By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Oceania
    • Rest of Asia Pacific
  • MEA
    • Middle East
    • Africa

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increasing Use of UCO in Biodiesel Industry Drives Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Risk of Contamination to Hamper the Growth of the Market         
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Probiotics Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Microbial Genus
      • 5.1.1. Lactobacillus
      • 5.1.2. Bifidobacterium
      • 5.1.3. Yeast
    • 5.2. Market Analysis, Insights and Forecast - by Region
    • 6. North America Probiotics Market Analysis, Insights and Forecast, 2018-2030
        • 6.1. Market Analysis, Insights and Forecast - By Microbial Genus
          • 6.1.1 Lactobacillus
          • 6.1.2 Bifidobacterium
          • 6.1.3 Yeast
        • 6.2. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 6.2.1 United States
          • 6.2.2 Canada
          • 6.2.3 Mexico
    • 7. South America Probiotics Market Analysis, Insights and Forecast, 2018-2030
        • 7.1. Market Analysis, Insights and Forecast - By Microbial Genus
          • 7.1.1 Lactobacillus
          • 7.1.2 Bifidobacterium
          • 7.1.3 Yeast
        • 7.2. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 7.2.1 Brazil
          • 7.2.2 Argentina
          • 7.2.3 Rest of South America
    • 8. Europe Probiotics Market Analysis, Insights and Forecast, 2018-2030
        • 8.1. Market Analysis, Insights and Forecast - By Microbial Genus
          • 8.1.1 Lactobacillus
          • 8.1.2 Bifidobacterium
          • 8.1.3 Yeast
        • 8.2. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 8.2.1 Germany
          • 8.2.2 France
          • 8.2.3 Italy
          • 8.2.4 United Kingdom
          • 8.2.5 Netherlands
          • 8.2.6 Rest of Europe
    • 9. Asia Pacific Probiotics Market Analysis, Insights and Forecast, 2018-2030
        • 9.1. Market Analysis, Insights and Forecast - By Microbial Genus
          • 9.1.1 Lactobacillus
          • 9.1.2 Bifidobacterium
          • 9.1.3 Yeast
        • 9.2. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 9.2.1 China
          • 9.2.2 India
          • 9.2.3 Japan
          • 9.2.4 South Korea
          • 9.2.5 ASEAN
          • 9.2.6 Oceania
          • 9.2.7 Rest of Asia Pacific
    • 10. MEA Probiotics Market Analysis, Insights and Forecast, 2018-2030
        • 10.1. Market Analysis, Insights and Forecast - By Microbial Genus
          • 10.1.1 Lactobacillus
          • 10.1.2 Bifidobacterium
          • 10.1.3 Yeast
        • 10.2. Market Analysis, Insights and Forecast - By Country/Sub-region
          • 10.2.1 Middle East
          • 10.2.2 Africa
    • 11. Competitive Analysis
      • 11.1. Global Market Share Analysis 2023
        • 11.2. Company Profiles
          • 11.2.1 Danone S.A. (Paris France)
            • 11.2.1.1. Overview
            • 11.2.1.2. Products
            • 11.2.1.3. SWOT Analysis
            • 11.2.1.4. Recent Developments
            • 11.2.1.5. Financials (Based on Availability)
          • 11.2.2 Lallemand Inc. (Canada)
            • 11.2.2.1. Overview
            • 11.2.2.2. Products
            • 11.2.2.3. SWOT Analysis
            • 11.2.2.4. Recent Developments
            • 11.2.2.5. Financials (Based on Availability)
          • 11.2.3 Yakult Honsha (Japan)
            • 11.2.3.1. Overview
            • 11.2.3.2. Products
            • 11.2.3.3. SWOT Analysis
            • 11.2.3.4. Recent Developments
            • 11.2.3.5. Financials (Based on Availability)
          • 11.2.4 Nestlé S.A. (Vevey Switzerland)
            • 11.2.4.1. Overview
            • 11.2.4.2. Products
            • 11.2.4.3. SWOT Analysis
            • 11.2.4.4. Recent Developments
            • 11.2.4.5. Financials (Based on Availability)
          • 11.2.5 DuPont (Danisco A/S) (Delaware United States)
            • 11.2.5.1. Overview
            • 11.2.5.2. Products
            • 11.2.5.3. SWOT Analysis
            • 11.2.5.4. Recent Developments
            • 11.2.5.5. Financials (Based on Availability)
          • 11.2.6 Chr. Hansen (Horsholm Denmark)
            • 11.2.6.1. Overview
            • 11.2.6.2. Products
            • 11.2.6.3. SWOT Analysis
            • 11.2.6.4. Recent Developments
            • 11.2.6.5. Financials (Based on Availability)
          • 11.2.7 Kerry Inc. (Tralee Ireland)
            • 11.2.7.1. Overview
            • 11.2.7.2. Products
            • 11.2.7.3. SWOT Analysis
            • 11.2.7.4. Recent Developments
            • 11.2.7.5. Financials (Based on Availability)
          • 11.2.8 Post Holdings Inc. (Missouri)
            • 11.2.8.1. Overview
            • 11.2.8.2. Products
            • 11.2.8.3. SWOT Analysis
            • 11.2.8.4. Recent Developments
            • 11.2.8.5. Financials (Based on Availability)
          • 11.2.9 Pepsico Inc. (New York
            • 11.2.9.1. Overview
            • 11.2.9.2. Products
            • 11.2.9.3. SWOT Analysis
            • 11.2.9.4. Recent Developments
            • 11.2.9.5. Financials (Based on Availability)
          • 11.2.10 United States)
            • 11.2.10.1. Overview
            • 11.2.10.2. Products
            • 11.2.10.3. SWOT Analysis
            • 11.2.10.4. Recent Developments
            • 11.2.10.5. Financials (Based on Availability)
          • 11.2.11 Evolve Biosystems Inc. (Davis
            • 11.2.11.1. Overview
            • 11.2.11.2. Products
            • 11.2.11.3. SWOT Analysis
            • 11.2.11.4. Recent Developments
            • 11.2.11.5. Financials (Based on Availability)
          • 11.2.12 California)
            • 11.2.12.1. Overview
            • 11.2.12.2. Products
            • 11.2.12.3. SWOT Analysis
            • 11.2.12.4. Recent Developments
            • 11.2.12.5. Financials (Based on Availability)
    List of Figures
    1. Figure 1: Global Probiotics Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
    2. Figure 2: Global Probiotics Market Volume Breakdown (K Tons, %) by Region 2023 & 2031
    3. Figure 3: Global Probiotics Market Revenue (USD Billion), by Microbial Genus 2023 & 2031
    4. Figure 4: Global Probiotics Market Volume (K Tons), by Microbial Genus 2023 & 2031
    5. Figure 5: Global Probiotics Market Revenue Share (%), by Microbial Genus 2023 & 2031
    6. Figure 6: Global Probiotics Market Volume Share (%), by Microbial Genus 2023 & 2031
    7. Figure 7: Global Probiotics Market Forecast (USD Billion), by Lactobacillus 2020 & 2031
    8. Figure 8: Global Probiotics Market Forecast (K Tons), by Lactobacillus 2020 & 2031
    9. Figure 9: Global Probiotics Market Forecast (USD Billion), by Bifidobacterium 2020 & 2031
    10. Figure 10: Global Probiotics Market Forecast (K Tons), by Bifidobacterium 2020 & 2031
    11. Figure 11: Global Probiotics Market Forecast (USD Billion), by Yeast 2020 & 2031
    12. Figure 12: Global Probiotics Market Forecast (K Tons), by Yeast 2020 & 2031
    13. Figure 13: Global Probiotics Market Revenue (USD Billion), by Region 2023 & 2031
    14. Figure 14: Global Probiotics Market Volume (K Tons), by Region 2023 & 2031
    15. Figure 15: Global Probiotics Market Revenue Share (%), by Region 2023 & 2031
    16. Figure 16: Global Probiotics Market Volume Share (%), by Region 2023 & 2031
    17. Figure 17: North America Probiotics Market Revenue (USD Billion), by Microbial Genus 2023 & 2031
    18. Figure 18: North America Probiotics Market Volume (K Tons), by Microbial Genus 2023 & 2031
    19. Figure 19: North America Probiotics Market Revenue Share (%), by Microbial Genus 2023 & 2031
    20. Figure 20: North America Probiotics Market Volume Share (%), by Microbial Genus 2023 & 2031
    21. Figure 21: North America Probiotics Market Revenue (USD Billion), by Country 2023 & 2031
    22. Figure 22: North America Probiotics Market Volume (K Tons), by Country 2023 & 2031
    23. Figure 23: North America Probiotics Market Revenue Share (%), by Country 2023 & 2031
    24. Figure 24: North America Probiotics Market Volume Share (%), by Country 2023 & 2031
    25. Figure 25: South America Probiotics Market Revenue (USD Billion), by Microbial Genus 2023 & 2031
    26. Figure 26: South America Probiotics Market Volume (K Tons), by Microbial Genus 2023 & 2031
    27. Figure 27: South America Probiotics Market Revenue Share (%), by Microbial Genus 2023 & 2031
    28. Figure 28: South America Probiotics Market Volume Share (%), by Microbial Genus 2023 & 2031
    29. Figure 29: South America Probiotics Market Revenue (USD Billion), by Country 2023 & 2031
    30. Figure 30: South America Probiotics Market Volume (K Tons), by Country 2023 & 2031
    31. Figure 31: South America Probiotics Market Revenue Share (%), by Country 2023 & 2031
    32. Figure 32: South America Probiotics Market Volume Share (%), by Country 2023 & 2031
    33. Figure 33: Europe Probiotics Market Revenue (USD Billion), by Microbial Genus 2023 & 2031
    34. Figure 34: Europe Probiotics Market Volume (K Tons), by Microbial Genus 2023 & 2031
    35. Figure 35: Europe Probiotics Market Revenue Share (%), by Microbial Genus 2023 & 2031
    36. Figure 36: Europe Probiotics Market Volume Share (%), by Microbial Genus 2023 & 2031
    37. Figure 37: Europe Probiotics Market Revenue (USD Billion), by Country 2023 & 2031
    38. Figure 38: Europe Probiotics Market Volume (K Tons), by Country 2023 & 2031
    39. Figure 39: Europe Probiotics Market Revenue Share (%), by Country 2023 & 2031
    40. Figure 40: Europe Probiotics Market Volume Share (%), by Country 2023 & 2031
    41. Figure 41: Asia Pacific Probiotics Market Revenue (USD Billion), by Microbial Genus 2023 & 2031
    42. Figure 42: Asia Pacific Probiotics Market Volume (K Tons), by Microbial Genus 2023 & 2031
    43. Figure 43: Asia Pacific Probiotics Market Revenue Share (%), by Microbial Genus 2023 & 2031
    44. Figure 44: Asia Pacific Probiotics Market Volume Share (%), by Microbial Genus 2023 & 2031
    45. Figure 45: Asia Pacific Probiotics Market Revenue (USD Billion), by Country 2023 & 2031
    46. Figure 46: Asia Pacific Probiotics Market Volume (K Tons), by Country 2023 & 2031
    47. Figure 47: Asia Pacific Probiotics Market Revenue Share (%), by Country 2023 & 2031
    48. Figure 48: Asia Pacific Probiotics Market Volume Share (%), by Country 2023 & 2031
    49. Figure 49: MEA Probiotics Market Revenue (USD Billion), by Microbial Genus 2023 & 2031
    50. Figure 50: MEA Probiotics Market Volume (K Tons), by Microbial Genus 2023 & 2031
    51. Figure 51: MEA Probiotics Market Revenue Share (%), by Microbial Genus 2023 & 2031
    52. Figure 52: MEA Probiotics Market Volume Share (%), by Microbial Genus 2023 & 2031
    53. Figure 53: MEA Probiotics Market Revenue (USD Billion), by Country 2023 & 2031
    54. Figure 54: MEA Probiotics Market Volume (K Tons), by Country 2023 & 2031
    55. Figure 55: MEA Probiotics Market Revenue Share (%), by Country 2023 & 2031
    56. Figure 56: MEA Probiotics Market Volume Share (%), by Country 2023 & 2031
    List of Tables
    1. Table 1: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    2. Table 2: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    3. Table 3: Global Probiotics Market Revenue USD Billion Forecast, by Region 2018 & 2031
    4. Table 4: Global Probiotics Market Volume K Tons Forecast, by Region 2018 & 2031
    5. Table 5: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    6. Table 6: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    7. Table 7: Global Probiotics Market Revenue USD Billion Forecast, by Region 2018 & 2031
    8. Table 8: Global Probiotics Market Volume K Tons Forecast, by Region 2018 & 2031
    9. Table 9: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    10. Table 10: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    11. Table 11: Global Probiotics Market Revenue USD Billion Forecast, by Country 2018 & 2031
    12. Table 12: Global Probiotics Market Volume K Tons Forecast, by Country 2018 & 2031
    13. Table 13: United States Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    14. Table 14: United States Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    15. Table 15: Canada Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    16. Table 16: Canada Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    17. Table 17: Mexico Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    18. Table 18: Mexico Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    19. Table 19: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    20. Table 20: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    21. Table 21: Global Probiotics Market Revenue USD Billion Forecast, by Country 2018 & 2031
    22. Table 22: Global Probiotics Market Volume K Tons Forecast, by Country 2018 & 2031
    23. Table 23: Brazil Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    24. Table 24: Brazil Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    25. Table 25: Argentina Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    26. Table 26: Argentina Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    27. Table 27: Rest of South America Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    28. Table 28: Rest of South America Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    29. Table 29: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    30. Table 30: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    31. Table 31: Global Probiotics Market Revenue USD Billion Forecast, by Country 2018 & 2031
    32. Table 32: Global Probiotics Market Volume K Tons Forecast, by Country 2018 & 2031
    33. Table 33: Germany Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    34. Table 34: Germany Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    35. Table 35: France Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    36. Table 36: France Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    37. Table 37: Italy Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    38. Table 38: Italy Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    39. Table 39: United Kingdom Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    40. Table 40: United Kingdom Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    41. Table 41: Netherlands Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    42. Table 42: Netherlands Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    43. Table 43: Rest of Europe Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    44. Table 44: Rest of Europe Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    45. Table 45: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    46. Table 46: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    47. Table 47: Global Probiotics Market Revenue USD Billion Forecast, by Country 2018 & 2031
    48. Table 48: Global Probiotics Market Volume K Tons Forecast, by Country 2018 & 2031
    49. Table 49: China Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    50. Table 50: China Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    51. Table 51: India Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    52. Table 52: India Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    53. Table 53: Japan Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    54. Table 54: Japan Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    55. Table 55: South Korea Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    56. Table 56: South Korea Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    57. Table 57: ASEAN Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    58. Table 58: ASEAN Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    59. Table 59: Oceania Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    60. Table 60: Oceania Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    61. Table 61: Rest of Asia Pacific Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    62. Table 62: Rest of Asia Pacific Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    63. Table 63: Global Probiotics Market Revenue USD Billion Forecast, by Microbial Genus 2018 & 2031
    64. Table 64: Global Probiotics Market Volume K Tons Forecast, by Microbial Genus 2018 & 2031
    65. Table 65: Global Probiotics Market Revenue USD Billion Forecast, by Country 2018 & 2031
    66. Table 66: Global Probiotics Market Volume K Tons Forecast, by Country 2018 & 2031
    67. Table 67: Middle East Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    68. Table 68: Middle East Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    69. Table 69: Africa Probiotics Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    70. Table 70: Africa Probiotics Market Volume (K Tons) Forecast, by Application 2018 & 2031
    AspectsDetails
    Study Period 2018-2032
    Base Year 2023
    Estimated Year 2024
    Forecast Period2024-2032
    Historical Period2018-2023
    Growth RateCAGR of 9.23% from 2018-2032
    Segmentation
      • By Microbial Genus
        • Lactobacillus
        • Bifidobacterium
        • Yeast
    • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • Italy
      • United Kingdom
      • Netherlands
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific
    • MEA
      • Middle East
      • Africa

    STEP 1 - Identification of Relevant Samples Size from Population Database

    Step Chart
    bar chart
    method chart

    STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

    approach chart
    Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

    Note* : In applicable scenarios

    STEP 3 - Data Sources

    Primary Research

    • Web Analytics
    • Survey Reports
    • Research Institute
    • Latest Research Reports
    • Opinion Leaders

    Secondary Research

    • Annual Reports
    • White Paper
    • Latest Press Release
    • Industry Association
    • Paid Database
    • Investor Presentations
    approach chart

    STEP 4 - Data Triangulation

    Involves using different sources of information in order to increase the validity of a study

    These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

    Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

    During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

    Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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