Probiotic Strains Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0195853
  • Format: Electronic (PDF)
  • Number of Pages: 203
  • Author(s): Joshi, Madhavi

Report Overview

The Probiotic Strains Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Probiotic Strains Market

(Market Size)
$1.8 billion
$4 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 1.8 billion
2030 Market Size USD 4 billion
Key Players Chr. Hansen, DuPont, DSM, Kerry, Lallemand

Market Summary

The probiotic strains market is a dynamic and rapidly evolving segment within the global food and beverages industry, characterized by increasing consumer awareness of the link between gut health and overall wellness. This market focuses on the development, production, and commercialization of specific beneficial bacterial strains added to a wide array of consumable products. These live microorganisms, when administered in adequate amounts, confer a health benefit on the host, driving their integration beyond traditional yogurts into diverse food and drink formulations. The industry is witnessing robust growth propelled by a shift towards preventive healthcare and a growing preference for functional foods that offer additional health benefits. Manufacturers are continuously investing in research to identify and validate new strains with targeted health benefits, leading to a more sophisticated and segmented product landscape. The competitive environment is intense, with both established multinational corporations and innovative startups vying for market share through product differentiation and scientific substantiation of health claims. The market's trajectory is firmly aligned with broader health and wellness trends, making it a critical area for investment and innovation for stakeholders across the food and beverage value chain.

Key Highlights

The probiotic strains market is distinguished by several key factors that underscore its significance and potential. A primary highlight is the intense scientific research and clinical trials undertaken to substantiate specific health claims associated with different bacterial strains, such as Lactobacillus and Bifidobacterium. This scientific backing is crucial for regulatory approval and for building consumer trust, moving products from mere dietary supplements to validated functional foods. Another critical aspect is the remarkable diversification of application areas. Probiotic strains are no longer confined to dairy; they are successfully incorporated into non-dairy beverages, baked goods, snacks, confectionery, and even meat products, significantly expanding the potential consumer base. The market is also characterized by strategic collaborations and partnerships between food manufacturers and biotechnology firms specializing in microbial research, accelerating innovation and commercialization. Furthermore, there is a noticeable trend towards personalized nutrition, with companies exploring strain combinations tailored to address specific health concerns like immune support, digestive health, and mental well-being, indicating a move towards more customized product offerings.

Drivers, Opportunities & Restraints

The expansion of the probiotic strains market is fueled by a confluence of powerful drivers. A paramount driver is the escalating consumer health consciousness and a proactive approach towards wellness, where individuals seek food products that offer functional benefits beyond basic nutrition. This is complemented by a growing body of scientific evidence linking gut microbiome health to various aspects of physical and mental well-being, increasing the credibility and demand for probiotic-infused products. Significant opportunities lie in untapped geographical markets, particularly in developing economies in Asia-Pacific and Latin America, where rising disposable incomes and growing health awareness present a substantial growth frontier. The development of advanced delivery formats, such as shelf-stable powders and encapsulated strains that ensure viability through shelf-life and digestion, also presents a major opportunity for product innovation. However, the market faces considerable restraints, including stringent and varying regulatory frameworks across different countries concerning health claims and labeling. Maintaining the viability and stability of live microbial strains throughout a product's shelf life and during consumption remains a significant technical challenge for manufacturers, potentially hampering product efficacy and consumer satisfaction.

Concentration Insights

The global probiotic strains market exhibits a concentration of activity and innovation among a mix of established ingredient giants and specialized culture-producing companies. The landscape is somewhat consolidated, with a few major players holding significant market share due to their extensive research and development capabilities, vast portfolios of patented strains, and strong global distribution networks. Prominent companies such as Chr. Hansen, DuPont Nutrition & Biosciences, and Kerry Group are leaders in this space, providing standardized, clinically studied strains to food and beverage manufacturers worldwide. Alongside these giants, there is a vibrant ecosystem of smaller, niche players and startups focusing on discovering novel strains from unique sources or developing application-specific solutions. This concentration means that innovation often originates from these key R&D hubs, but commercialization relies on partnerships with food brands. Geographically, development and advanced application are highly concentrated in North America and Europe, which are mature markets with high consumer awareness. However, production and sourcing of raw materials may be concentrated in other regions, creating a complex, interconnected global supply chain for these specialized ingredients.

Type Insights

The probiotic strains market is segmented by type, primarily into Lactobacillus, Bifidobacterium, and other strains like Streptococcus thermophilus and Saccharomyces boulardii. Lactobacillus represents one of the most prevalent and extensively researched genera, encompassing numerous species such as L. acidophilus, L. casei, and L. rhamnosus. These strains are widely utilized for their well-documented benefits in supporting digestive health and lactose intolerance and are commonly found in fermented dairy products and dietary supplements. Bifidobacterium, another dominant genus, includes strains like B. bifidum and B. longum, which are particularly associated with colon health and are frequently used in products targeted for infants and the elderly. The market is also seeing growth in other specific strains that offer targeted benefits; for instance, certain strains are being developed for their potential immune-modulating properties or for their ability to survive harsh gastric conditions more effectively. The choice of strain is a critical decision for manufacturers, as it directly influences the health claim, product stability, formulation compatibility, and ultimately, the commercial success of the final food or beverage product.

Application Insights

Application insights reveal the diverse and expanding use of probiotic strains across the food and beverage industry. The traditional and still dominant application segment is dairy products, including yogurt, kefir, fermented milk, and cheese, where probiotics are a natural fit and consumer acceptance is high. However, the most significant growth is observed in non-dairy applications, driven by consumer demand for plant-based and lactose-free options. This includes non-dairy beverages like juices, smoothies, and plant-based milks (almond, oat, soy) fortified with probiotic strains. Furthermore, probiotics are increasingly incorporated into functional foods such as cereals, nutrition bars, chocolates, and baked goods, offering convenience and everyday consumption opportunities beyond specific health supplements. The segment of infant formula is another critical application, where specific probiotic strains are added to mimic the benefits of breast milk and support the development of a healthy gut microbiome in newborns. This diversification into non-traditional applications is a key trend, allowing brands to reach a wider audience and integrate gut health benefits into a multitude of daily dietary choices.

Regional Insights

Regionally, the probiotic strains market demonstrates distinct patterns of development and consumption. North America and Europe are established, mature markets characterized by high consumer awareness, well-developed retail infrastructure, and the presence of leading ingredient suppliers and food manufacturers. These regions are at the forefront of product innovation and scientific research, with consumers readily adopting new probiotic-enhanced products. The Asia-Pacific region, particularly countries like Japan, China, and India, is identified as the fastest-growing market. This growth is fueled by a long-standing cultural acceptance of fermented foods, a massive population base, rising disposable incomes, and an increasing focus on preventive healthcare. Japan, with its specific FOSHU (Foods for Specified Health Uses) regulatory system, has been a pioneer in functional foods, including probiotics. Latin America and the Middle East and Africa are emerging markets with growing potential, though growth is tempered by lower awareness levels and economic volatility in some areas. Nonetheless, global companies are increasingly targeting these regions for expansion, anticipating future growth as health trends continue to globalize.

Company Insights

The competitive landscape of the probiotic strains market features a blend of multinational biotechnology firms, ingredient suppliers, and food corporations. Key players dominating the supply of proprietary strains include Chr. Hansen Holding A/S, renowned for its vast library of cultures and significant investment in R&D. DuPont Nutrition & Biosciences (now part of IFF) is another major force, offering a wide range of HOWARU and Danisco probiotic strains with clinically supported health benefits. Kerry Group also holds a substantial position, providing probiotic ingredients alongside its broader portfolio of taste and nutrition solutions. Companies like Probi AB and BioGaia AB are notable for focusing specifically on probiotic research and development, often holding patents for specific strains used in therapeutic and preventive health applications. On the consumer product side, large food and beverage companies such as Danone, Nestl?, and General Mills are significant players, integrating these strains into their branded products like Activia, YoPlus, and GoodBelly. This ecosystem involves constant collaboration between strain suppliers and product manufacturers to develop, validate, and commercialize new probiotic applications for the global market.

Recent Developments

The probiotic strains market is witnessing a flurry of recent developments centered on innovation, expansion, and scientific validation. A prominent trend is the increased investment in research to discover and characterize novel strains from diverse sources, including human microbiota, traditional fermented foods, and unique environments, aiming to identify strains with superior functionality or specific health targets. There is a significant focus on enhancing delivery technologies to improve the stability and bioavailability of probiotics in various food matrices, leading to advancements in microencapsulation and stabilization techniques. Strategic mergers and acquisitions continue to shape the industry, as larger companies seek to acquire innovative startups with promising strain portfolios or proprietary technologies. For instance, the merger of DuPont's Nutrition & Biosciences business with IFF created a ingredients powerhouse with an enhanced probiotic offering. Furthermore, companies are increasingly pursuing clinical trials to obtain approved health claims from regulatory bodies like EFSA in Europe and the FDA in the United States, which is crucial for marketing and product differentiation. The development of synbiotics, which combine probiotics with prebiotics, is also a key area of innovation, offering enhanced efficacy for gut health.

Report Segmentation

This comprehensive market research report on the probiotic strains market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation is primarily based on type, categorizing the market into key genera such as Lactobacillus, Bifidobacterium, Streptococcus, and other emerging strains, detailing the characteristics and applications of each. The report further breaks down the market by application, covering traditional segments like dairy products including yogurt and fermented drinks, as well as expanding categories such as non-dairy beverages, functional foods, infant formula, and dietary supplements. An analysis by form is included, distinguishing between liquid and dry probiotic preparations, which impacts handling, stability, and application. Geographic segmentation provides a country-level and regional analysis, covering key markets including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, highlighting regional trends, growth rates, and consumer preferences. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand application-specific demands, and tailor their strategies according to type preferences and regional dynamics, providing actionable intelligence for strategic decision-making.

FAQs

What are the most common probiotic strains used in food and beverages?

The most commonly utilized probiotic strains in the food and beverage industry belong to the Lactobacillus and Bifidobacterium genera. Specific species include Lactobacillus acidophilus, Lactobacillus casei, Lactobacillus rhamnosus, Bifidobacterium bifidum, and Bifidobacterium longum. These strains are favored due to their extensive research history, proven safety profile (GRAS status), and documented benefits for digestive health. They are highly adaptable to various product formulations, particularly in dairy, but are increasingly used in non-dairy applications as stabilization technologies improve.

How do probiotics work in the human body?

Probiotics exert their beneficial effects primarily through mechanisms that modulate the gut microbiome. Upon consumption, they can help balance the intestinal microbiota by competing with potentially harmful bacteria for space and nutrients. They support the digestive process and enhance gut barrier function. Furthermore, certain strains produce bioactive compounds like short-chain fatty acids and vitamins and interact with the host's immune system, potentially modulating immune responses. The specific health outcome is highly strain-dependent and requires adequate viable cells to reach the intestines.

What is the difference between probiotics and prebiotics?

Probiotics and prebiotics play synergistic but distinct roles in gut health. Probiotics are live microorganisms that, when administered in adequate amounts, confer a health benefit on the host. In contrast, prebiotics are non-digestible food ingredients, typically fibers like inulin and fructooligosaccharides (FOS), that selectively stimulate the growth and/or activity of beneficial microorganisms already residing in the colon. Essentially, probiotics are the beneficial bacteria themselves, while prebiotics are the food that helps these bacteria thrive. Products that combine both are known as synbiotics.

Which regions are leading in the consumption of probiotic products?

Consumption of probiotic products is most established and widespread in North America, Europe, and parts of the Asia-Pacific region. North America and Europe are mature markets with high consumer awareness and a well-developed infrastructure for functional foods. Within Asia-Pacific, Japan is a historical leader due to its FOSHU regulatory system for functional foods. Countries like China, South Korea, and Australia are also significant consumers. The Asia-Pacific region is currently experiencing the most rapid growth in consumption, driven by increasing health awareness and rising disposable incomes.

What are the key challenges in formulating foods with probiotics?

Formulating foods with probiotics presents several significant technical challenges. The primary hurdle is ensuring the viability and stability of the live microorganisms throughout the product's intended shelf life. Factors like oxygen, moisture, acidity (pH), temperature during processing and storage, and interactions with other ingredients can reduce viability. Another challenge is ensuring the strains survive the harsh acidic environment of the stomach and reach the intestines alive in sufficient quantities to be effective. Formulators must carefully select robust strains and often employ advanced technologies like microencapsulation to protect the probiotics.

Citius Research has developed a research report titled “Probiotic Strains Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Probiotic Strains Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Probiotic Strains Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Probiotic Strains Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Probiotic Strains Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Probiotic Strains Market
• Research Methodology
• Executive Summary
• Market Dynamics of Probiotic Strains Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Probiotic Strains Market
• Cost and Gross Margin Analysis of Probiotic Strains Market
• Probiotic Strains Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Probiotic Strains Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Probiotic Strains Market Key Stakeholders

Below are the key stakeholders for the Probiotic Strains Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Probiotic Strains Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Probiotic Strains Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Probiotic Strains Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Probiotic Strains Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Probiotic Strains Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Probiotic Strains Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Probiotic Strains Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Probiotic Strains Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Probiotic Strains Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Probiotic Strains Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Probiotic Strains Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Probiotic Strains Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Probiotic Strains Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Probiotic Strains Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Probiotic Strains Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Probiotic Strains Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Probiotic Strains Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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