Probiotics Food & Cosmetics Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Probiotics are live microorganisms that have high therapeutic value. These offer various health benefits when consumed and used in natural skincare products. They promote a calmer, stronger, and healthier skin barrier, which comprises a layer of natural bacteria, making them sturdy enough for tackling skin problems such as dry skin, redness, irritation, acne, and rosacea. The global probiotics food & cosmetics market is anticipated to expand at a compounded annual growth rate (CAGR) of 8.5% during the forecast period of 2022-2030.

Growth Drivers:

The inclination of customers towards products that provide proven health benefits is growing across the globe. In the last few years, many clinical trials and other evidence have demonstrated that probiotics can cure several disorders and diseases in humans. This has resulted in a tremendous rise in the popularity of probiotics as pharmaceutical agents. Similarly, there has been a massive shift among consumers towards functional food products that offer colossal health benefits and basic nutrition. This growing demand among people towards natural and safe products with proven health benefits is largely aiding in the growth of the global probiotics food & cosmetics market.

Moreover, the popularity of probiotic dietary supplements such as powders, liquids, pills, tablets, and capsules is surging among people across the developed and developing regions across the globe. These supplements effectively aid the consumers in meeting the body's daily nutritional requirements. Also, there are no strict approval processes or restrictions pertaining to the health claims made by manufacturers of probiotic dietary supplements. This enables them to introduce new and innovative products in the market to meet people's high demands. This factor is significantly boosting the growth of the overall probiotics food & cosmetics market.

Furthermore, the proliferating demand for natural cosmetics among people, the enhancing demand for multi-functional beauty products, the rapidly expanding demand and adoption of hair cosmetic products due to the growing concerns regarding hair problems, the increasing cases of obesity & malnutrition among people, and the rising consumer interest in health and grooming are among other primary factors driving the growth of the global probiotics food & cosmetics market.

However, the growing international quality standards and regulations for probiotic products are expected to hinder the growth of the global probiotics food & cosmetics market during the forecast period of 2022-2030.

Probiotics Food & Cosmetics Market Segmentation:

By Product Type:

·         Probiotics Food & Beverages

·         Dietary Supplements

·         Cosmetics

By Ingredients:

·         Bacteria

·         Yeast

By Distribution Channel:

·         Hypermarkets/ Supermarkets

·         Pharmacies/ Drugstores

·         Specialty Stores

·         Online

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Probiotics Food & Cosmetics Market: Product Type Review:

Based on product type, the global probiotics food & cosmetics market is segmented into probiotics food & beverages, dietary supplements, and cosmetics. The probiotics food & beverages segment is projected to achieve the highest growth in the market during the forecast period of 2022-2030.

The burgeoning awareness among consumers regarding probiotic food & beverage products and the increasing integration of probiotic ingredients in a broad range of food & beverage applications is expected to drive the growth of this segment during the forecast period.

Probiotics Food & Cosmetics: Distribution Channel Review:

Based on distribution channel, the global probiotics food & cosmetics market is classified into hypermarkets/supermarkets, pharmacies/drug stores, specialty stores, and online. The specialty stores segment captured the largest share of the market in 2021. The segment is expected to maintain the lead further over the forecast period of 2022-2030. The availability of a wide variety of probiotic dietary supplements in specialty stores coupled with the convenience offered by specialty stores to consumers is predominantly ascribed to the large share and high growth of this particular segment.

Regional Outlook:

The probiotics food & cosmetics research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific region commanded the largest share of the global probiotics food & cosmetics market in 2021. The region’s dominance is expected to continue over the forecast period of 2022-2030.

This can be attributed to factors such as the high awareness among people regarding the benefits of good bacteria, the presence of well-established dairy industry, the increasing inclination among consumers towards a healthy diet and fortified food products, and the growing number of supermarkets in the majority of countries in the region. Moreover, the growing prevalence of obesity and other diseases among people, including osteoporosis, high blood pressure, the ever-rising population base, and spending capacities of people in the region, are also attributable to the market's largest share and high growth in the Asia Pacific region. India, China, Japan, and South Korea are among the major contributors to the market in the region.

The North American region is predicted to amass robust growth in the global probiotics food & cosmetics market during the forecast period of 2022-2030. The growth of the market in the region can be majorly ascribed to the surging awareness among consumers regarding the harmful effects of chemicals & synthetic products, the growing inclination of people towards enhancing their immunity & digestive health, the proliferating number of disorders caused due to the dearth of vital micronutrients, and the increasing consumption of probiotic supplements in the region. The U.S. and Canada stand as the leading contributors to the growth of the market in the region.

The report also identifies the country market outlook for probiotics, food & cosmetics, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Probiotics Food & Cosmetics Market:

The research report offers a competitive analysis of prominent companies operating in the global probiotics food & cosmetics market. Some of the leading players profiled in the market research report include:

·         General Mills

·         Esse Skin Care

·         L'Oréal

·         Estée Lauder

·         Probi Ab

·         Nestlé

·         Archer Daniels Midland Company

·         Danone

·         DuPont

·         Aurelia London

·         Unilever PLC

·         Other Players