Plant-based Probiotics Market
Plant Based Probiotics Market Analysis By Product Type (Fermented Vegetables/Seeds, Fortified Dairy Alternatives, Fortified Fruit Juices, Isolates & Others) By End-User (Adults & Infants) By Sales Channel (Online & Offline) and By Region – Global Market Insights 2022 to 2032
Analysis of Plant-based Probiotics market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Plant-based Probiotics Market Outlook (2022 to 2032)
The global plant-based probiotics market is set to reach a valuation of US$ 890.1 million in 2022 and surge ahead at a CAGR of 6.7% to cross a market size of US$ 1.7 billion by the end of 2032.
Sales of plant-based probiotics across the world accounted for around 1% of the global probiotics market at the end of 2021.
| Report Attributes | Details |
|---|---|
| Plant-based Probiotics market Size (2021A) | US$ 841.1 Million |
| Estimated Market Value (2022E) | US$ 890.1 Million |
| Forecasted Market Value (2032F) | US$ 1.7 Billion |
| Global Market Growth Rate (2022 to 2032) | 6.7% CAGR |
| North America Market Share (2021) | ~ 17.4% |
| East Asia Market Growth Rate (2022 to 2032) | ~6.8% CAGR |
| United States Market Growth Rate (2022 to 2032) | ~6.0% CAGR |
| Market Share of Top 5 Companies | ~23.6% |
| Key Companies Profiled | Yakult; Lallemand Inc.; Kerry Group Plc.; DuPont; Nature’s Bounty; BioGaia; Bio K+; A&B Ingredients; Wellbeing Nutrition; Naturelo; PlantFusion; Custom Probiotics Inc |
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Sales Analysis of Plant-based Probiotics (2017 to 2021) Vs. Market Forecasts (2022 to 2032)
Plant-based probiotics are one type of beneficial bacteria for human health. They maintain a prominent position in the market due to the various health advantages that they provide to humans over other synthetic supplements.
The inclusion of flavors improves the sensory properties of these plant-based probiotic products. Effort towards reducing the side effects due to the consumption of antibiotics has guided the development of plant-based probiotics with increased efficiency.
Consumption of plant-based probiotics increased at a compound annual growth rate of 5.1% from 2017 to 2021.
Awareness among consumers due to present hectic lifestyles is on the rise about various factors such as the health benefits of incorporating plant-based diets, rising animal cruelty, etc. Easy availability of information about these on the Internet will contribute favorably to the rising awareness of plant-based probiotics over the coming years.
Growth of the elderly population also plays a major role in developing plant-based probiotic products with less associated risks, which will also accelerate the growth in the market. Fact.MR suggests that the global plant-based probiotics market will reach a valuation of US$ 1.7 billion by 2032 expanding at a CAGR of 6.7 %.
- Short Term (2022 Q2 to 2025): Plant-based probiotics provide great benefits to the body such as enhancement of gut health and minimizing intestinal inflammation, which also helps in preventing the occurrence of various chronic diseases. This will drive short-term market expansion.
- Medium Term (2025 to 2028): The market for plant-based probiotics will be driven by the rise in awareness about health brought on by factors such as increased disposable income and improved quality of life. Increased consumer spending and helpful manufacturing activities, which have fueled the food and beverage industry's steady expansion, are anticipated to have a beneficial impact on market expansion in the medium term.
- Long Term (2028 to 2032): Investments by key market participants in R&D activities to develop efficient plant-based probiotics will elevate market growth in the long term.
Over the 2017 to 2021 historical period, the global plant-based probiotics market registered a CAGR of 5.1%, and as per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider, the market is projected to enjoy growth at 6.7% CAGR between 2022 and 2032.
Market share analysis of plant-based probiotics based on product type and region is provided in a nutshell in the above image. Under the product type segment, fortified fruit juices dominate the market with 33.4% share.
Why is the Popularity of Plant-based Probiotics Increasing Rapidly?
“Use of Plant-based Probiotics for Combating COVID-19”
The COVID-19 pandemic's emergence has so far been favorable for the market for plant-based probiotics. Demand and manufacturing of probiotics have escalated as a result of the terrible effects that the pandemic has had on people's health and wellness.
A study conducted in China confirmed that COVID-19 infections affected the balance of natural microbiota in the human intestine, which could be balanced with the intake of probiotics. They have several health advantages, including bettering gut health, lowering acidity, maintaining body weight, and enhancing immunity.
Therefore, many people are including probiotics in their diets to safeguard the body against the invasion of coronavirus.
“Dramatic Growth in Geriatric Population Consuming Plant-based Probiotics”
According to The National Institute of Aging (NIA), the world’s population is growing at an unprecedented rate. Almost 8.5% of the people are aged 65 and over. This percentage is estimated to increase to nearly 17% of the world’s population by 2050.
Various public health challenges and chronic diseases are associated with this elderly population due to the natural effects of ageing and increased antibiotic use.
Several studies have concluded that the intake of plant-based probiotics is beneficial to elderly adults who suffer from the three commonly seen problems - undernourishment, constipation, and reduced efficiency of the immune system that leads to a reduced capacity to resist infection.
These health issues can be treated with the proper intake of plant-based probiotics.
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What Do Plant-based Probiotics Producers Need to Watch Out For?
“Exorbitant Rates of Plant-based Probiotics Making Them Unaffordable for Many Consumers”
Plant-based probiotics are developed and produced as per international food regulations. Expensive machinery being involved and high cost of hiring professionally trained staff in the production of probiotics act as hindrances in the manufacturing process.
The cost of production also increases due to expensive strains being involved, lengthy fermentation period, high quantities of raw material needed per product, etc. Providing a fusion of unique ingredients and flavors while delivering complete plant-based nourishment needs a lot of investments in the manufacturing process.
The high cost of production has also affected the final price of the product, which acts as a restraining factor for market growth.
Country-wise Insights
Will Customization of Plant-based Probiotics in the U.S. Drive Market Expansion?
The United States plant-based probiotics market is currently estimated at US$ 127 million.
The United States possesses one of the world's most well-established healthcare infrastructure, which has a positive impact on the consumption of plant-based probiotics. A transition in consumers’ desire toward a healthy lifestyle has led to an increase in demand for preventative healthcare, which has motivated manufacturers to develop new functional products such as food with probiotics in various forms.
While health is a major factor why people are switching to plant-based probiotics, many consumers just like the way they taste. Recent research showed that 52% of Americans choose plant-based protein because it just tasted better than any other substitute.
- For example, Nature’s Bounty supplies consumers with 'probiotic gummies' consisting of a special probiotic strain that is naturally found in the intestinal microbiome and is made with natural flavors. This provides customers with friendly bacteria for their digestive system along with a desirable taste.
Why is the Plant-based Probiotics Market Highly Lucrative in China & Japan?
Strong demand for plant-based probiotics from neighboring countries such as India and Australia is contributing to market growth in China and Japan. Rising population, coupled with increasing disposable income is also expected to cater to regional market growth.
Advancements in manufacturing processes by key players are anticipated to boost the market in these nations. The China and Japan markets for plant-based probiotics are expected to expand at high CAGRs of 6.5% and 7.4%, respectively, between 2022 and 2032.
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Category-wise Insights
Where are Plant-based Probiotics Most Widely Utilized?
Plant-based probiotics, under product type, are segmented into fermented vegetables/seeds, fortified dairy alternatives, fortified fruit juices, isolates, and others.
Amongst them, fortified fruit juices are one of the most preferred probiotics among sports enthusiasts and health-conscious consumers. Fortified fruit juices are expected to account for more than one-third of global plant-based probiotic sales in 2022 and extend their dominance over the forecast period with the segment expanding at a rapid CAGR of 8.3% through 2032.
Several health benefits offered by fortified fruit juices are the main reason for their increased consumption.
For instance, kombucha, a fermented tea, is a nutritional powerhouse with polyphenols that lower the risk of certain malignancies and antioxidants that safeguard liver health. Additionally, this beverage slows down the absorption of carbs and controls blood sugar, benefiting in the treatment of diabetes and renal disease.
Competitive Landscape
Prominent plant-based probiotic manufacturers are Yakult, Kerry Group Plc, DuPont, Lallemand Inc., Nature’s Bounty, BioGaia, Bio K+, A&B Ingredients, Wellbeing Nutrition, Naturelo, PlantFusion, and Custom Probiotics Inc.
The top producers of plant-based probiotics in the world are using cutting-edge technologies to make innovative products. The industry is characterized by fierce competition because there are a significant number of market participants.
Manufacturers have incorporated organic ingredients, appealing packaging, and novel flavours to gain a competitive edge over their rivals.
- In Jan 2021, Wellbeing Nutrition (WBN), India's top organic plant-based nutrition brand, released a line of 6 strains of plant-based, clinically-studied probiotics for a healthier gut.
- In Sept 2021, Bio-K Plus International Inc. introduced an extra range of functional drinking probiotics. The new line provides a protein basis of fermented oats and pumpkin seeds combined with additives that have been supported by science, as well as 80 million CFUs.
Fact.MR has provided detailed information about the price points of key manufacturers of Plant-based Probiotics positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Plant-based Probiotics Industry Research
-
Plant-based Probiotics Market by Product Type :
- Fermented Vegetables/Seeds
- Fortified Dairy Alternatives
- Fortified Fruit Juices
- Isolates
- Others
-
Plant-based Probiotics Market by End User :
- Adults
- Infants
-
Plant-based Probiotics Market by Sales Channel :
- Online Sales of Plant-based Probiotics
- Brand Websites
- e-Commerce Platforms
- Offline Sales of Plant-based Probiotics
- Pharmacies
- Specialty Stores
- Supermarkets/Hypermarkets
- Online Sales of Plant-based Probiotics
-
Plant-based Probiotics Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data Points
- 4. Value Chain Analysis
- 5. Global Market - Pricing Analysis
- 6. Global Market Value 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 7. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Product Type
- 7.1. Fermented Vegetables/Seeds
- 7.2. Fortified Dairy Alternatives
- 7.3. Fortified Fruit Juices
- 7.4. Isolates
- 7.5. Others
- 8. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By End User
- 8.1. Adults
- 8.2. Infants
- 9. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Sales Channel
- 9.1. Online
- 9.1.1. Brand Websites
- 9.1.2. e-Commerce Platforms
- 9.2. Offline
- 9.2.1. Pharmacy
- 9.2.2. Specialty Stores
- 9.2.3. Supermarkets/Hypermarkets
- 9.1. Online
- 10. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia & ASEAN
- 10.6. Oceania
- 10.7. Middle East and Africa (MEA)
- 11. North America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 12. Latin America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 13. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. East Asia Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. South Asia & Oceania Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. Middle East and Africa (MEA) Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. Key Countries Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1.1. PlantFusion
- 19.1.2. Kerry Group Plc.
- 19.1.3. DuPont
- 19.1.4. Nature’s Bounty
- 19.1.5. Naturelo
- 19.1.6. Yakult
- 19.1.7. Lallemand Inc.
- 19.1.8. DSM
- 19.1.9. LoveBug Probiotics
- 19.1.10. Custom Probiotics Inc.
- 19.1.11. Nature Made
- 19.1.12. Wellbeing Nutrition
- 19.1.13. Activia
- 19.1.14. Bio K+
- 19.1.15. BioGaia
- 19.1.16. Physicians Choice LLC
- 19.1.17. Ora Organic
- 19.1.18. Deva Nutrition
- 19.1.19. MaryRuth Organics
- 19.1.20. Culturelle Probiotics
- 19.1.21. A&B Ingredients
- 20. Assumptions & Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value US$ Million) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value US$ Million) and Forecast by Region, 2022 to 2032
Table 03: Global Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 04: Global Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 05: Global Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 06: Global Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 07: Global Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 08: Global Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 09: North America Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 10: North America Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 11: North America Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 12: North America Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 13: North America Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 14: North America Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 15: North America Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 16: North America Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 17: Latin America Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 18: Latin America Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 19: Latin America Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 20: Latin America Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 21: Latin America Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 22: Latin America Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 23: Latin America Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 24: Latin America Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 25: Europe Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 26: Europe Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 27: Europe Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 28: Europe Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 29: Europe Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 30: Europe Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 31: Europe Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 32: Europe Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 33: East Asia Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 34: East Asia Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 35: East Asia Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 36: East Asia Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 37: East Asia Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 38: East Asia Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 39: East Asia Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 40: East Asia Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 41: South Asia and ASEAN Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 42: South Asia and ASEAN Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 43: South Asia and ASEAN Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 44: South Asia and ASEAN Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 45: South Asia and ASEAN Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 46: South Asia and ASEAN Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 47: South Asia and ASEAN Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 48: South Asia and ASEAN Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 49: Oceania Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 50: Oceania Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 51: Oceania Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 52: Oceania Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 53: Oceania Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 54: Oceania Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 55: Oceania Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 56: Oceania Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
Table 57: MEA Market Value US$ Million) and Forecast by Country, 2017 to 2021
Table 58: MEA Market Value US$ Million) and Forecast by Country, 2022 to 2032
Table 59: MEA Market Value US$ Million) and Forecast by Product Type, 2017 to 2021
Table 60: MEA Market Value US$ Million) and Forecast by Product Type, 2022 to 2032
Table 61: MEA Market Value US$ Million) and Forecast by End-user, 2017 to 2021
Table 62: MEA Market Value US$ Million) and Forecast by End-user, 2022 to 2032
Table 63: MEA Market Value US$ Million) and Forecast by Sales Channel, 2017 to 2021
Table 64: MEA Market Value US$ Million) and Forecast by Sales Channel, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Million) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 03: Global Market Value (US$ Million) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 07: Global Market Value (US$ Million) by End-user, 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 09: Global Market Value (US$ Million) by Sales Channel, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 11: North America Market Value (US$ Million) Forecast, 2022 to 2032
Figure 12: North America Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 13: North America Market Value (US$ Million) by Country, 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 15: North America Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 17: North America Market Value (US$ Million) by End-user, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 21: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 25: Latin America Market Value (US$ Million) Forecast, 2022 to 2032
Figure 26: Latin America Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 27: Latin America Market Value (US$ Million) by Country, 2022 & 2032
Figure 28: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 29: Latin America Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 30: Latin America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 31: Latin America Market Value (US$ Million) by End-user, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 33: Latin America Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 34: Latin America Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 35: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 37: Latin America Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 38: Latin America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 39: Europe Market Value (US$ Million) Forecast, 2022 to 2032
Figure 40: Europe Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 41: Europe Market Value (US$ Million) by Country, 2022 & 2032
Figure 42: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 43: Europe Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 44: Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 45: Europe Market Value (US$ Million) by End-user, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 47: Europe Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 48: Europe Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 49: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 50: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 51: Europe Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 52: Europe Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 53: East Asia Market Value (US$ Million) Forecast, 2022 to 2032
Figure 54: East Asia Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 55: East Asia Market Value (US$ Million) by Country, 2022 & 2032
Figure 56: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: East Asia Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 58: East Asia Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59: East Asia Market Value (US$ Million) by End-user, 2022 & 2032
Figure 60: East Asia Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 61: East Asia Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 62: East Asia Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 63: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 64: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 65: East Asia Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 66: East Asia Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 67: South Asia and ASEAN Market Value (US$ Million) Forecast, 2022 to 2032
Figure 68: South Asia and ASEAN Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 69: South Asia and ASEAN Market Value (US$ Million) by Country, 2022 & 2032
Figure 70: South Asia and ASEAN Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 71: South Asia and ASEAN Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 72: South Asia and ASEAN Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 73: South Asia and ASEAN Market Value (US$ Million) by End-user, 2022 & 2032
Figure 74: South Asia and ASEAN Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 75: South Asia and ASEAN Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 76: South Asia and ASEAN Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 77: South Asia and ASEAN Market Attractiveness Analysis by Country, 2022 to 2032
Figure 78: South Asia and ASEAN Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 79: South Asia and ASEAN Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 80: South Asia and ASEAN Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 81: Oceania Market Value (US$ Million) Forecast, 2022 to 2032
Figure 82: Oceania Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 83: Oceania Market Value (US$ Million) by Country, 2022 & 2032
Figure 84: Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: Oceania Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 86: Oceania Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 87: Oceania Market Value (US$ Million) by End-user, 2022 & 2032
Figure 88: Oceania Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 89: Oceania Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 90: Oceania Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 91: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 92: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 93: Oceania Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 94: Oceania Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 95: MEA Market Value (US$ Million) Forecast, 2022 to 2032
Figure 96: MEA Market Absolute $ Opportunity (US$ Million), 2022 to 2032
Figure 97: MEA Market Value (US$ Million) by Country, 2022 & 2032
Figure 98: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 99: MEA Market Value (US$ Million) by Product Type, 2022 & 2032
Figure 100: MEA Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 101: MEA Market Value (US$ Million) by Product Form, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth Rate by Product Form, 2022 to 2032
Figure 103: MEA Market Value (US$ Million) by End-user, 2022 & 2032
Figure 104: MEA Market Y-o-Y Growth Rate by End-user, 2022 to 2032
Figure 105: MEA Market Value (US$ Million) by Sales Channel 2022 & 2032
Figure 106: MEA Market Y-o-Y Growth Rate by Sales Channel 2022 to 2032
Figure 107: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 108: MEA Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis by Product Form, 2022 to 2032
Figure 110: MEA Market Attractiveness Analysis by End-user, 2022 to 2032
Figure 111: MEA Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What valuation has the global plant-based probiotics market reached?
The global plant-based probiotics market is valued at US$ 890.1 million in 2022.
How fast is demand for plant-based probiotics expected to increase?
Worldwide demand for plant-based probiotics is anticipated to increase at 6.7% CAGR and reach US$ 1.7 billion by 2032.
How did the market perform over the last few years?
During 2017-2021, sales of plant-based probiotics increased at 5.1% CAGR.
Which regional market accounts for a leading market share?
Europe leads the global market accounting for 25.2% market share in 2022.
Which plant-based probiotic product form holds the highest market share?
Fermented vegetables/seeds use case accounts for 31.5% share of the global market.
Plant-based Probiotics Market