May 25, 2024
Probiotics Food And Cosmetics Market

The probiotics food and cosmetics market comprises fermented dairy products, functional food and beverages, dietary supplements, animal feed and personal care probiotic products such as gels, creams and wipes. The probiotic ingredients provide health benefits such as improving immunity and gut health.

The global probiotics food and cosmetics market is estimated to be valued at US$ 127.97 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Probiotics Food And Cosmetics Market Size 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 probiotic food and cosmetics industry provides opportunities for product innovation, health and wellness benefits. There is an increasing demand for personalized nutrition and wellness which can be met bytailoring probiotic formulations for specific benefits.

The rising awareness regarding gut health and immunity is driving the demand for probiotics globally. The key players are expanding their business operations across emerging regions like Asia Pacific and Middle East & Africa to tap into new market opportunities.

Market Drivers

The key driver for probiotics food and cosmetics market is rising health consciousness among consumers. People are increasingly adopting probiotic products to maintain gut and skin health as well as boost immunity. Another major factor projected to drive the growth of probiotics market is growing cases of lifestyle diseases due to changing dietary patterns. The proven health benefits of probiotic ingredients like lowering cholesterol, aiding in weight management and reducing stress are contributing significantly to the market growth.

PEST Analysis

Political: The regulations regarding the use of probiotics in food and cosmetics products differ in various regions. Some regions have more stringent guidelines around claims that can be made, while others are still developing related regulations. This can impact the demand.

Economic: Increased disposable incomes and health awareness are positively impacting the probiotics food and cosmetics market. Consumers are willing to pay premium prices for products promising gut and skin health benefits.

Social: Rising focus on preventive healthcare and use of natural/organic products is driving growth. People increasingly understand probiotics’ role in maintaining a healthy microbiome. Social media is also helping raise awareness.

Technological: Continuous R&D is expanding the range of strains used and understanding their specific benefits. Advanced formulations and delivery systems now allow targeted results. Technologies like bioprinting can customize probiotic formulations.

The market in the Asia Pacific region, especially Japan, South Korea and China, has been a significant revenue generator. Changing lifestyles, nutrition awareness and high spending capacities have boosted probiotic product consumption. The European market, led by countries like Germany, France, and the UK, also accounts for sizable value share due to early adoption and large health supplement markets.

North America currently represents the fastest growing regional market and is expected to continue expanding at a strong rate. Increased new product launches by leading brands and rising popularity of digestive and skin health oriented probiotic solutions are major growth drivers. Improving retail networks and mass acceptance of probiotic supplemented foods like yogurts and drinks also support growth.

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