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The Global Next Generation Probiotics Market Growth Accelerated By Expanding Applications Of Probiotics

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ashwinicmi
The Global Next Generation Probiotics Market Growth Accelerated By Expanding Applications Of Probiotics

The next generation probiotics market is gaining traction due to its ability to offer various health benefits beyond traditional probiotics. Next generation probiotics help improve gut microbiota balance, enhance immune system, and reduce risk of certain diseases. Products including dietary supplements and functional foods with next generation probiotics are increasingly being preferred for general wellness.

The global Next Generation Probiotics Market is estimated to be valued at US$ 186.93 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The expanding applications of probiotics across various industries has accelerated the growth of the next generation probiotics market. Next generation probiotics are now being studied for their efficacy in various disease conditions beyond gastrointestinal health. Ongoing research for utilizng properties of next generation probiotics for immunomodulation, anticancer effects, mental health benefits, and anti-aging is expected to drive their demand over the forecast period. This wider recognition of health benefits will support the market growth.


Segment Analysis

The next generation probiotics market is dominated by the food supplements subsegment. The food supplements subsegment accounts for over 30% of the total market share as they are considered more convenient and viable options for daily probiotic consumption compared to other forms like drinks, bakery and dairy products. The growing demand for functional and fortified food and beverages has led to an increased focus on developing probiotic food supplements with added health benefits.

Key Takeaways

The Global Next Generation Probiotics Market Size is expected to witness high growth over the forecast period. The global Next Generation Probiotics Market is estimated to be valued at US$ 186.93 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.

North America currently dominates the market and is expected to maintain its dominance owing to rising awareness about gut health, increasing consumer preference for probiotics over antibiotics and presence of major market players. Europe is also a significant market backed by supportive regulatory scenario encouraging probiotic R&D and stringent labelling norms enhancing consumer trust in functional ingredients.

Key players

Key players operating in the next generation probiotics market are Coty UK, Procter & Gamble Prestige Beaut, L’Oreal, LVMH, Givaudan, International Flavors & Fragrances, and Estee Lauder Beautiful. The market is dominated by Coty UK known for its line of skin probiotics supplements and probiotic serum portfolio targeting gut and skin health. Procter & Gamble Prestige Beaut has also gained prominence for its Olay probiotic skincare range providing anti-aging and hydrating benefits.


For More details on the topic:

https://www.marketwebjournal.com/next-generation-probiotics-market-market-size-share-analysis-growth/

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