Asia Pacific Probiotics Market by Product Types (Functional Food & Beverages, Dietary Supplement, and Animal Feed), Distribution Channel (Supermarket, Pharmacies, Convenience Stores, and Others), and Geography (Japan, India, China, South Korea, Australia, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Asia Pacific probiotics market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for health products such as probiotics especially by the young generation.
Probiotics are microorganisms found in beauty products, fermented foods, and nutritional supplements. They contain many kinds of bacteria. The most common types of bacteria in probiotics are lactobacillus. Probiotics are a combination of bacteria and fungi, viruses and protozoa. Probiotics help maintain a healthy microbial community in the human body and help the body maintain its original state after illness. They help prevent and treat diarrhea while improving mental health. Probiotics play a huge role in disease prevention because they prevent disease by strengthening the immune system.
The Covid-19 pandemic affected the demand and supply of advanced ceramics market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing adoption of probiotics as alternative to pharmaceutical solutions and as an immunity booster is expected to boost the market during the forecast period.
- Rising demand for probiotics to improve intestinal health with increasing disposable income is major factor fueling the market.
- Rising unhealthy lifestyle leading to obesity and other diseases is anticipated to drive the market during forecast period.
- High risk of contamination and unavailability in remote areas is projected to hamper the market growth.
- Lack of awareness among consumers about probiotics & its benefits and excessive use and trust on antibiotics act as key challenges that can restrict the market during the forecast period.
- R&D investment and innovation of probiotic products and ban on several antibiotics is expected to create significant opportunities for the market players.
Scope of the Report
The report on the Asia Pacific probiotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Asia Pacific Probiotics Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Product Types (Functional Food & Beverages, Dietary Supplement, and Animal Feed), Distribution Channel (Supermarket, Pharmacies, Convenience Stores, and Others) |
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Geography: Asia Pacific |
India, China, Japan, South Korea, Australia, and Rest of Asia Pacific |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Bio-k Plus International; Yakult Honsha Co. Ltd.; PepsiCo Inc.; Nestle SA; and DANONE SA |
Market Segment Insights
The functional food & beverages segment is projected to hold a major market share
On the basis of product types, the Asia Pacific probiotics market is divided into functional food & beverages, dietary supplement, and animal feed. The functional food & beverages segment is expected to represent a key share of the market during the forecast period owing to consumers growing interest in functional foods, especially probiotics that can support digestive health, growing health trends, and increasing use of probiotics in yogurt. Health benefits beyond traditional nutrition. The consumption of functional foods and beverages is one of the food trends in the world. Increasing popularity of natural health foods has promoted the sales of products. The risk of illness and the maintenance of general health are expected to increase the demand for supplements. On the other hand, the dietary supplements segment is anticipated to expand at a rapid pace during the forecast period. Unlike medicinal solutions, probiotics are a natural way to treat various diseases related to intestinal health, gastrointestinal diseases, and immunity enhancement. New delivery systems such as chewing gum, carbonated powder, and chewable tablets are estimated to drive the market during the forecast period.
The convenience stores segment is expected to grow at a rapid pace
Based on distribution channels, the market is segmented into supermarket, pharmacies, convenience stores, and others. The convenience stores segment is expected to represent a key share of the market during the forecast period owing to increasing number of stores and business model that meets the lifestyle needs of consumers. Convenience stores are the preferred sales channel for consumers in most developing countries, providing quality services and competitive prices. On the other hand, the supermarket segment is anticipated to expand at a rapid pace during the forecast period due to the convenience of shopping and the availability of multiple brands.
Japan is expected to dominate the market
On the basis of regions, the probiotics market is classified as India, China Japan, South Korea, Australia, and Rest of Asia Pacific. Japan is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to development and innovation of probiotic ingredients and finished products. In addition, Japanese consumers are very concerned about regular supplementation of intestinal flora and believe that probiotics are the best solution. This has greatly stimulated the probiotic market in the country.
Segments
Segments Covered in the Report
The Asia Pacific probiotics market has been segmented on the basis of
Product Types
- Animal Feed
- Dietary Supplements
- Functional Food & Beverages
Distribution Channels
- Supermarket
- Pharmacies
- Convenience Stores
- Others
Geography
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
Key Players
- Bio-k Plus International
- Yakult Honsha Co. Ltd.
- PepsiCo Inc.
- Nestle SA
- DANONE SA
Competitive Landscape
Key players competing in the probiotics market include Bio-k Plus International; Yakult Honsha Co. Ltd.; PepsiCo Inc.; Nestle SA; and DANONE SA.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Probiotics 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. Probiotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Probiotics Market - Supply Chain
4.5. Global Probiotics Market Forecast
4.5.1. Probiotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Probiotics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Probiotics Market Absolute $ Opportunity
5. Global Probiotics 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. Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
6. North America Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
7. Latin America Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
8. Europe Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
9. Asia Pacific Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
10. Middle East & Africa Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Probiotics Market: Market Share Analysis
11.2. Probiotics Distributors and Customers
11.3. Probiotics Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Bio-k Plus International
11.4.2. Yakult Honsha Co. Ltd.
11.4.3. PepsiCo Inc.
11.4.4. Nestle SA
11.4.5. DANONE SA
2. Assumptions and Acronyms Used
3. Research Methodology
4. Probiotics 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. Probiotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Probiotics Market - Supply Chain
4.5. Global Probiotics Market Forecast
4.5.1. Probiotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Probiotics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Probiotics Market Absolute $ Opportunity
5. Global Probiotics 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. Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
6. North America Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
7. Latin America Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
8. Europe Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
9. Asia Pacific Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
10. Middle East & Africa Probiotics 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 Probiotics 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 Probiotics Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Probiotics Market: Market Share Analysis
11.2. Probiotics Distributors and Customers
11.3. Probiotics Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Bio-k Plus International
11.4.2. Yakult Honsha Co. Ltd.
11.4.3. PepsiCo Inc.
11.4.4. Nestle SA
11.4.5. DANONE SA
Segments Covered in the Report
The Asia Pacific probiotics market has been segmented on the basis of
Product Types
- Animal Feed
- Dietary Supplements
- Functional Food & Beverages
Distribution Channels
- Supermarket
- Pharmacies
- Convenience Stores
- Others
Geography
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
Key Players
- Bio-k Plus International
- Yakult Honsha Co. Ltd.
- PepsiCo Inc.
- Nestle SA
- DANONE SA
Key players competing in the probiotics market include Bio-k Plus International; Yakult Honsha Co. Ltd.; PepsiCo Inc.; Nestle SA; and DANONE SA.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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