Next Generation Probiotics to Drive Growth in Global Market

 

Next Generation Probiotics Market

The global Next Generation Probiotics Market is estimated to be valued at US$ 186.93 Mn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Next generation probiotics products contain live microorganisms which provide health benefits to the host when consumed in adequate amounts. They help maintain balance of microflora in the gut and provide immunity against pathogens.

Market key trends:

One of the key trends in the next generation probiotics market is the introduction of genetically engineered probiotics. Genetic engineering techniques allow probiotics to be customized for specific health applications. For example, probiotics can be engineered to survive better under different pH conditions in the GI tract or to better adhere to intestinal mucosa. This enables them to deliver health benefits more effectively. Live biotherapeutic products or LBPs developed through advanced genetic techniques are anticipated to drive the next generation probiotics market during the forecast period.

Segment Analysis

The global next generation probiotics market is segmented based on strain, application, formulation, and end use. By strain, the Bifidobacterium lactis segment accounted for the largest market share in 2022 and is expected to continue its dominance over the forecast period. This is owing to its ability to aid digestive health, immunity, and gut microbiota balance.

Key Takeaways

The global next generation probiotics market size was valued at US$ 186.93 million in 2023. It is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period 2023 to 2030, due to increasing awareness regarding digestive and gut health. 

Regional Analysis

North America dominated the global market in 2022 and is expected to remain the largest market during the forecast period. This is attributed to the growing adoption of probiotic supplements to enhance digestive health in the region. Asia Pacific is expected to be the fastest growing region, owing to rising health consciousness and disposable income in major economies like China and India.

Key Players

Key players operating in the next generation probiotics market are Pendulum, Amsterdam Winclove Probiotics, Metabogen AB (Biogaia), Exeliom Biosciences, TargEDys, Chr. Hansen Holding A/S, YSOPIA Bioscience, A-Mansia Biotech, Next Gen Probiotics, Evolve Biosystems and DuPont de Nemours, Inc. Chr. Hansen Holding A/S and DuPont de Nemours, Inc. are the prominent players in the global market due to their diverse product portfolios and strong distribution networks across regions.

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