Market revenue in 2023 | USD 4,279.9 million |
Market revenue in 2030 | USD 11,138.9 million |
Growth rate | 14.6% (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 |
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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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 61.94% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Rising awareness toward fitness and health, especially among the young population in the Middle East & Africa is driving the growth of probiotic market in the region. Consumers are adopting probiotics in their diet to mitigate the ill effects of their irregular eating patterns and combating diseases caused by an unhealthy lifestyle.
The gulf countries are new markets for probiotic-based products offering growth opportunities to old and new market players to initiate or expand their business operations. Increasing consumption of meat and meat-based products in the Middle East & Africa, coupled with the threat of animal-borne diseases, has led to the incorporation of probiotics in animal feed.
The animal husbandry industry in the region is primarily focusing on ensuring the health and hygiene of livestock to improve the quality of meat provided to consumers. Manufacturers of probiotics are emphasizing the expansion of their existing product lines and the development of probiotic-based dairy and non-dairy products, cereals, fermented meat, and dry food.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa probiotics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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