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Probiotics Market Share, Size,Growth, Key Players, Outlook and
Forecasts to 2024 | Hexa Research
“ The global probiotics market size is expected to reach USD 66.03 billion by
2024.”
27 November 2018
The global probiotics market size is expected to reach USD 66.03 billion by 2024. Demand for probiotic foods
and beverages and animal feed is expected to keep the market buoyant in the forthcoming years. As
functional ingredients, probiotics are used in cheese, milk, juices, cereals, nutrition bars, and infant formula.
Within the probiotics food and beverages segment, dairy products command major share. Yoghurt and
yogurt-based beverages are the most commonly consumed probiotic dairy products. On the other hand,
demand for probiotic animal feed is expected to gain strength with rising need to enhance animal immunity
and yield.
According to the National Institute of Allergy and Infectious Diseases (NIAID), prolonged consumption of
probiotics containing Bifidobacterium and Lactobacillus strains helps in the treatment of cold and flu.
Research studies have revealed that probiotics help cure ill health effects through mechanisms such as
immunomodulation.
Probiotics help in treating diseases such as intestinal inflammation, urogenital infections, and diarrhea . There
are reported cases of deaths due to intestinal inflammation and other Irritable Bowel Diseases (IBD), such as
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