Asia Pacific Probiotics Market Size & Outlook, 2023-2030
Asia Pacific probiotics market, 2017-2030 (US$M)
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Asia Pacific probiotics market highlights
- The Asia Pacific probiotics market generated a revenue of USD 33,753.3 million in 2023.
- The market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, probiotic food & beverages was the largest revenue generating form in 2023.
- Probiotic Dietary Supplements is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 33,753.3 million |
| Market revenue in 2030 | USD 89,728.4 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Probiotic food & beverages |
| Fastest growing segment | Probiotic Dietary Supplements |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Probiotic Food & Beverages, Probiotic Dietary Supplements, Animal Feed Probiotics |
| Key market players worldwide | Arla Foods, BioGaia AB Class B, Danone SA, DuPont de Nemours Inc, General Mills Inc, Lifeway Foods Inc, Kerry Group PLC Class A, Nestle SA, Probi AB, Yakult Honsha Co Ltd, Chr. Hansen, i-Health, Lallemand, Mother Dairy |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.5% of the global probiotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 89,728.4 million by 2030.
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Probiotics Market Scope
Probiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific probiotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to probiotics market will help companies and investors design strategic landscapes.
Probiotic food & beverages was the largest segment with a revenue share of 60.5% in 2023. Horizon Databook has segmented the Asia Pacific probiotics market based on probiotic food & beverages, probiotic dietary supplements, animal feed probiotics covering the revenue growth of each sub-segment from 2017 to 2030.
Consumers in this region are increasingly seeking healthy products on account of rising awareness regarding fitness and maintaining good digestive health. Rising disposable incomes, improving standard of living, and increasing acceptance of functional foods are the major factors driving the growth of the probiotics market.
In addition, the growing importance of gut health in overall well-being has increased demand for products that maintain a healthy gut microbiome. Probiotic supplements are seen as a convenient and effective way to introduce beneficial bacteria into the gut and thus have become increasingly popular among health-conscious consumers in the region.
The manufacturers are focusing on producing conventional probiotic products in the form of capsules, tablets, and sachets, which is likely to contribute to the positive growth of the market. Moreover, the key market players are focusing on expanding their product portfolios by introducing new range of products and investing heavily on the research & development of live microorganism strains.
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Target buyers of Asia Pacific probiotics market databook
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Our clientele includes a mix of probiotics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific probiotics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific probiotics market size, by country, 2017-2030 (US$M)
Asia Pacific Probiotics Market Outlook Share, 2023 & 2030 (US$M)
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