North America Probiotic Products Market Size, Growth 2031

Segments - North America Probiotic Products Market by Types (Functional Food & Beverages, Dietary Supplements, and Animal Feed) Distribution Channels (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, and Others), and Geography (Canada, Mexico, The US, and Rest of North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The North America probiotic products market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.3% during 2023–2031. The growth of the market is attributed to the increasing preference for dietary supplements.

Probiotics are beneficial bacteria that can be used as dietary supplements to improve one's health. Saccharomyces cerevisiae probiotic yeast is a non-pathogenic strain of the yeast Saccharomyces cerevisiae. Probiotic yeast is regarded as a prominent probiotic due to its innate resistance to antibacterial antibiotics.

North America Probiotic Products Market Outlook

The use of probiotic yeast in animal feed can improve fiber digestibility, raise animal production performance, and increase meat, milk, and egg production. Yeast-based probiotic products are utilized to lower the toxicity of fatal fungus that are resistant to routinely used antifungal medications, according to the Mysore Central Food Technology Research Institute (CFTRI).

Antifungal medications are widely available, and the expanding therapeutic usage of probiotic yeast has increased the probiotic products market development potential.

With the outbreak of COVID19, an upsurge in market demand for immune system boosting products have increased probiotic usage and are expected to have a favorable influence on the industry.

Market Trends, Drivers, Restraints, and Opportunities

Increasing consumption of functional food is driving the market growth.
Banning use of antibiotics in animal feed is expected to boost market growth during forecast period.
Rising demand for probiotics to treat chronic diseases is anticipated to propel the market expansion.
Rising cost of probiotic products can hamper growth of probiotic products market
Increasing R&D on the therapeutic function of probiotic yeast is expected to create lucrative opportunities for the North America probiotic products market.

Scope of North America Probiotic Products Market Report

The report on the North America probiotic products market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	North America Probiotic Products Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Functional Food & Beverages, Dietary Supplements, and Animal feed) and Distribution Channels (Supermarkets/ Hypermarkets, Pharmacies/Health Stores, Convenience Stores, and Others)
Geographical Scope	Canada, Mexico, The US, and Rest of North America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Danone S.A.; PepsiCo Inc.; Nestle S.A.;BioGaia AB; and Yakult Honsha Co. Ltd

North America Probiotic Products Market Segment Insights

Dietary Supplements segment is expected to grow at a rapid pace

Based on types, the market is divided into functional food & beverages, dietary supplements, and animal feed. The dietary supplements segment is expected to grow at a rapid pace during the forecast period owing to use of ingredients such as artificial sweeteners, which makes them more attractive for consumers.

Moreover, probiotics provide several health advantages for people of all ages; however, probiotics yeast for children and probiotics yeast for adults are not the same. The potency and dose of the supplement varies between probiotics for children and adults. Adult probiotic supplements are more effective, and the dosage is generally two tablets per day, but children's probiotic yeast supplements are mild and the dosage is usually one scoop (or pill) per day.

North America Probiotic Products Market Type

Pharmacies/health stores segment is projected to expand at a robust CAGR

On the basis of distribution channels, the market is segregated into supermarkets/ hypermarkets, pharmacies/health stores, convenience stores, and others.

The pharmacies/health stores segment is projected to expand at a robust CAGR during the forecast period due to increasing presence of probiotic products in pharmacies stores. Additionally, users are more willing to acquire probiotic-based goods through health stores as the number of them provide special offers or discounts.

The US is anticipated to constitute a key market share

In terms of regions, the North America probiotic products market is categorized as Canada, Mexico, US, and Rest of North America.

The US is expected to constitute a major share of the market during the projected period due to growing demand for nutritional supplements that strengthen the immune system. However, the market in Canada is anticipated to expand at a rapid pace during the forecast period owing to increasing milk production and animal productivity.

Segments

The North America probiotic products S market has been segmented on the basis of

Types

Functional Food & Beverage
Dietary Supplements
Animal Feed

Distribution Channels

Supermarkets/ Hypermarkets
Pharmacies/Health Stores
Convenience Stores
Others

Geography

Canada
Mexico
The US
Rest of North America

Key Players

Danone S.A.
PepsiCo Inc.
Nestle S.A.
BioGaia AB
Yakult Honsha Co. Ltd

Competitive Landscape

Key players competing in the North America probiotic products market are Danone S.A.; PepsiCo Inc.; Nestle S.A.;BioGaia AB; and Yakult Honsha Co. Ltd. The regional market for probiotic goods is highly fragmented, with a large number of small firms operating in the industry.

North America Probiotic Products Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Probiotic Products Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Probiotic Products Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Probiotic Products Market - Supply Chain
  4.5. Global Probiotic Products Market Forecast
     4.5.1. Probiotic Products Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Probiotic Products Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Probiotic Products Market Absolute $ Opportunity
5. Global Probiotic Products Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Probiotic Products Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Probiotic Products Demand Share Forecast, 2019-2026
6. North America Probiotic Products Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Probiotic Products Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Probiotic Products Demand Share Forecast, 2019-2026
7. Latin America Probiotic Products Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Probiotic Products Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Probiotic Products Demand Share Forecast, 2019-2026
8. Europe Probiotic Products Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Probiotic Products Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Probiotic Products Demand Share Forecast, 2019-2026
9. Asia Pacific Probiotic Products Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Probiotic Products Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Probiotic Products Demand Share Forecast, 2019-2026
10. Middle East & Africa Probiotic Products Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Probiotic Products Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Probiotic Products Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Probiotic Products Market: Market Share Analysis
  11.2. Probiotic Products Distributors and Customers
  11.3. Probiotic Products Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)