June 21, 2024
Probiotics Food And Cosmetics Market

Probiotics Food And Cosmetics Market Estimated to Witness High Growth Owing to Increasing Health Conscious Consumers

The probiotics food and cosmetics market is a growing industry driven by increasing demand for probiotic products aimed at gut and skin health. Probiotics are live microorganisms that provide health benefits when consumed in adequate amounts. Probiotic food products contain live microbial cultures including Lactobacillus and Bifidobacterium species. Probiotic cosmetic products contain these probiotic microorganisms and aim to improve skin health issues like acne, dermatitis, and aging.

The Global probiotics food and cosmetics market is estimated to be valued at US$ 72.29 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Probiotics Food And Cosmetics Market Growth are Biomilk Skincare, Gallinée Microbiome Skincare, Probi Ab, LaFlore Probiotic Skincare, TULA Skincare, Nestlé, Archer Daniels Midland Company, Danone, DuPont, Yakult Honsha, General Mills, Kerry, BioGaia, Morinaga Milk Industry Co., Ltd., Glowbiotics LLC, Eminence Organic Skin Care, Esse Skin Care, L’Oréal, Estée Lauder.

The key opportunities in the market include new product launches with novel probiotic strains and delivery formats. Manufacturers are investing in R&D to develop innovative delivery systems like gummies, chewables and fermented beverages to promote probiotic consumption.

Globally, the North American region dominates the probiotics food and cosmetics market followed by Europe. However, the Asia Pacific region is expected to witness highest growth due to the rising middle-class population and growing consciousness towards personal well-being in countries like China, India and Japan.

Market Drivers

The main driver augmenting the growth of the probiotics food and cosmetics market is increasing health-conscious consumers. People are increasingly opting for probiotic products to boost their gut health as well as natural skincare solutions. Moreover, rising cases of lifestyle diseases like diabetes, obesity and cardiological issues have raised awareness about maintenance of optimum digestive functions via probiotic consumption.

PEST Analysis

Political: Probiotic food and cosmetics market is regulated by various government agencies that ensure safety and quality of products. Any changes in regulatory norms can impact the industry.

Economic: Changes in disposable income of consumers affects their spending on premium probiotic food and cosmetic products. Macroeconomic factors like recession and inflation can influence the industry.

Social: Growing consumer awareness about gut and skin health benefits of probiotics is driving the demand for these products. So social media trends highlighting wellness and natural remedies support industry growth.

Technological: Companies leverage latest scientific research to develop new probiotic strains and formulations for various health conditions. Advances in fermentation and encapsulation techniques help improve product efficacy and shelf-life.

North America currently accounts for the largest share of the probiotics food and cosmetics market in terms of value. Growing consumer preference for preventive healthcare and clean label products drives substantial sales in the region.

The Asia Pacific region is projected to be the fastest growing market during the forecast period. Rising health consciousness, improving living standards and increasing domestic production in countries like China, India and Japan are fueling high demand growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it