Market by Strain, Diet Preference, Sales Channel, End-use, and Country Outlook | Forecast 2022-2028
Triton Market Research’s report concludes that the probiotics market in North America would advance with a CAGR of 9.14% during the forecasted years from 2022 to 2028.
The countries scrutinized in
this region include:
• Canada
• The United States
The market in the United States is expected to
grow the fastest in this region. The majority of the population in North America is susceptible to
several allergies, including peanut allergies and lactose intolerance, among
others. Thus, they are largely turning to probiotics so as to create a
favorable gut microbiome. Probiotics consumption has also increased as a result
of growing health consciousness.
Owing to its constantly expanding probiotics consumer base, which ranges
from infants to senior citizens, the United States is an important market for
probiotic products. Further, the growing disposable income of the American
population and the rising awareness regarding the importance of a healthy
lifestyle are also some factors that support the market’s expansion in the
country.
Approximately 44% of people in Canada are lactose-intolerant, according
to the data published in the Journal of the Canadian Association of
Gastroenterology in 2019. Thus, dairy-free probiotics and probiotic-containing
products that are good for gut health witness significant demand from the
Canadian population. This rising demand and consumption are also expected to
foster the market growth.
Probiotics are used as live microbial feed supplements for animals that
aid the host animal’s gut flora equilibrium. They are given to chicken,
ruminants, aquaculture, and swine in the form of animal feed to enhance their
health and ensure food safety. Probiotics have also emerged as an alternative
form of medication due to concerns regarding certain unintended negative side
effects caused by antibiotics.
Triton’s report assesses the market based on
end-use, strain, diet preference, and sales channel. Here, the end-use segment comprises veterinary
feed, probiotic foods, probiotic beverages, nutritional supplements, and
cosmetics.
The key players in the probiotics market include Yakult Honsha Co Ltd,
Lifeway Foods Inc, Chr Hansen Holding AS, PharmaCare Laboratories Pty Ltd,
Kerry Group Plc, BioGaia AB, Jarrow Formulas Inc, and General Mills Inc.
Jarrow Formulas Inc is a company providing high-quality, affordable, and
effective formulation of dietary supplements, including prebiotics and
probiotics. The company offers products in two main segments – Probiotics and
Health & Wellness. Probiotic+ Immune, Jarro-Dophilus® Prenatal, Probiotic
Yeast Support™, and Jarro-Dophilus® Baby are some of its key products. Jarrow
Formulas was founded in 1977 and is headquartered in California, the United
States.
In January 2022, Jarrow Formulas Inc launched
its novel and innovative product range, Probiotic+ Gummies, featuring three
premium, highly effective probiotic gummy formulas that are scientifically
supported to aid digestive, gut, and immune health.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the probiotics market revenue growth in North America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Analysis Model
●
A wide-ranging study of factors that will challenge the North
America probiotics market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report
based on your preferences. Connect with us here.
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VIEW REPORT1. NORTH AMERICA PROBIOTICS
MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE PROBIOTICS MARKET
2.2. KEY
INSIGHTS
2.2.1. RISE
IN ACQUISITIONS TO EXPAND PRODUCT PORTFOLIO
2.2.2. INNOVATIVE
PROBIOTIC PRODUCT FORMULATIONS IN TREND
2.2.3. PROBIOTIC
RECOMMENDATIONS BY HEALTH PRACTITIONERS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.4.1. BRAND
NAME
2.4.2. PRODUCT
AVAILABILITY
2.4.3. REGULATORY
CERTIFICATIONS
2.4.4. INTENDED
END-USE
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. INDUSTRY
COMPONENTS
2.8. REGULATORY
FRAMEWORK
2.9. KEY
MARKET STRATEGIES
2.9.1. PRODUCT
LAUNCHES
2.9.2. ACQUISITIONS
2.9.3. PARTNERSHIPS
2.10. MARKET
DRIVERS
2.10.1. PREVENTIVE
HEALTHCARE DEMAND DUE TO RISING CONSUMER AWARENESS
2.10.2. GROWING
THREAT OF ANTIBIOTIC RESISTANCE
2.10.3. NOVEL
TECHNOLOGIES FOR PRODUCT DELIVERY
2.11. MARKET
CHALLENGES
2.11.1. EXPENSIVE
LOGISTICS CHAIN
2.11.2. INDISTINCT
REGULATORY FRAMEWORK
2.12. MARKET
OPPORTUNITIES
2.12.1. GROWING
USE OF PROBIOTICS IN THE COSMETIC INDUSTRY
2.12.2. DEMAND
FOR PSYCHOBIOTICS
3. NORTH
AMERICA PROBIOTICS MARKET OUTLOOK – BY STRAIN
3.1. BACTERIA
3.1.1. BIFIDOBACTERIUM
SPP.
3.1.2. LACTOBACILLUS
SPP.
3.1.3. OTHER
SPP.
3.2. YEAST
4. NORTH
AMERICA PROBIOTICS MARKET OUTLOOK – BY DIET PREFERENCE
4.1. PLANT-BASED
PRODUCTS
4.2. ANIMAL-BASED
PRODUCTS
5. NORTH
AMERICA PROBIOTICS MARKET OUTLOOK – BY SALES CHANNEL
5.1. ONLINE
SALES CHANNEL
5.2. OFFLINE
SALES CHANNEL
5.2.1. CONVENIENCE
STORES
5.2.2. PHARMACIES
5.2.3. SUPERMARKETS
5.2.4. OTHER
OFFLINE SALES CHANNELS
6. NORTH
AMERICA PROBIOTICS MARKET OUTLOOK – BY END-USE
6.1. PROBIOTIC
FOODS
6.1.1. BAKERY/BREAKFAST
CEREALS
6.1.2. YOGURT
6.1.3. CONFECTIONERY
6.1.4. BABY
FORMULAS
6.1.5. OTHER
PRODUCTS
6.2. PROBIOTIC
BEVERAGES
6.2.1. DAIRY-BASED
BEVERAGES
6.2.2. FRUIT-BASED
BEVERAGES
6.2.3. OTHER BEVERAGES
6.3. NUTRITIONAL
SUPPLEMENTS
6.3.1. POWDERS
6.3.2. CAPSULES
6.3.3. GUMMIES
6.3.4. OTHER
NUTRITIONAL SUPPLEMENTS
6.4. VETERINARY
FEED
6.5. COSMETICS
7. NORTH
AMERICA PROBIOTICS MARKET – COUNTRY OUTLOOK
7.1. UNITED
STATES
7.2. CANADA
8. COMPETITIVE
LANDSCAPE
8.1. LIFEWAY
FOODS INC
8.2. KERRY
GROUP PLC
8.3. I-HEALTH
INC
8.4. YAKULT
HONSHA CO LTD
8.5. JARROW
FORMULAS INC
8.6. NESTLÉ
INC
8.7. CHURCH
& DWIGHT CO
8.8. GENERAL
MILLS INC
8.9. BIOGAIA
AB
8.10. PROBI
AB
8.11. KEVITA
INC
8.12. CHR
HANSEN HOLDING AS
8.13. DANONE
SA
8.14. PHARMACARE
LABORATORIES PTY LTD
8.15. THE
CLOROX COMPANY
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA
PROBIOTICS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: LIST OF NOTABLE
ACQUISITIONS IN THE PROBIOTICS MARKET
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: LIST OF PRODUCT
LAUNCHES
TABLE 6: LIST OF ACQUISITIONS
TABLE 7: LIST OF PARTNERSHIPS
TABLE 8: NORTH AMERICA
PROBIOTICS MARKET, BY STRAIN, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
PROBIOTICS MARKET, BY BACTERIA, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
PROBIOTICS MARKET, BY DIET PREFERENCE, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
PROBIOTICS MARKET, BY SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
PROBIOTICS MARKET, BY OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
PROBIOTICS MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA
PROBIOTICS MARKET, BY PROBIOTIC FOODS, 2022-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA
PROBIOTICS MARKET, BY PROBIOTIC BEVERAGES, 2022-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA
PROBIOTICS MARKET, BY NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
TABLE 17: NORTH AMERICA
PROBIOTICS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: PROPOSED HEALTH BENEFITS OF PROBIOTICS
FIGURE
2: KEY BUYING IMPACT ANALYSIS
FIGURE
3: MARKET ATTRACTIVENESS INDEX
FIGURE
4: INDUSTRY COMPONENTS
FIGURE
5: NORTH AMERICA PROBIOTICS MARKET, BY STRAIN, 2021 & 2028 (IN %)
FIGURE
6: NORTH AMERICA PROBIOTICS MARKET, BY BACTERIA, 2022-2028 (IN $ MILLION)
FIGURE
7: NORTH AMERICA PROBIOTICS MARKET, BY BACTERIA, 2021 & 2028 (IN %)
FIGURE
8: NORTH AMERICA PROBIOTICS MARKET, BY BIFIDOBACTERIUM SPP., 2022-2028 (IN $
MILLION)
FIGURE
9: NORTH AMERICA PROBIOTICS MARKET, BY LACTOBACILLUS SPP., 2022-2028 (IN $
MILLION)
FIGURE
10: NORTH AMERICA PROBIOTICS MARKET, BY OTHER SPP., 2022-2028 (IN $ MILLION)
FIGURE
11: NORTH AMERICA PROBIOTICS MARKET, BY YEAST, 2022-2028 (IN $ MILLION)
FIGURE
12: NORTH AMERICA PROBIOTICS MARKET, BY DIET PREFERENCE, 2021 & 2028 (IN %)
FIGURE
13: NORTH AMERICA PROBIOTICS MARKET, BY PLANT-BASED PRODUCTS, 2022-2028 (IN $
MILLION)
FIGURE
14: NORTH AMERICA PROBIOTICS MARKET, BY ANIMAL-BASED PRODUCTS, 2022-2028 (IN $
MILLION)
FIGURE
15: NORTH AMERICA PROBIOTICS MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE
16: NORTH AMERICA PROBIOTICS MARKET, BY ONLINE SALES CHANNEL, 2022-2028 (IN $
MILLION)
FIGURE
17: NORTH AMERICA PROBIOTICS MARKET, BY OFFLINE SALES CHANNEL, 2022-2028 (IN $
MILLION)
FIGURE
18: NORTH AMERICA PROBIOTICS MARKET, BY OFFLINE SALES CHANNEL, 2021 & 2028
(IN %)
FIGURE
19: NORTH AMERICA PROBIOTICS MARKET, BY CONVENIENCE STORES, 2022-2028 (IN $
MILLION)
FIGURE
20: NORTH AMERICA PROBIOTICS MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)
FIGURE
21: NORTH AMERICA PROBIOTICS MARKET, BY SUPERMARKETS, 2022-2028 (IN $ MILLION)
FIGURE
22: NORTH AMERICA PROBIOTICS MARKET, BY OTHER OFFLINE SALES CHANNEL, 2022-2028
(IN $ MILLION)
FIGURE
23: NORTH AMERICA PROBIOTICS MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE
24: NORTH AMERICA PROBIOTICS MARKET, BY PROBIOTIC FOODS, 2022-2028 (IN $
MILLION)
FIGURE
25: NORTH AMERICA PROBIOTICS MARKET, BY PROBIOTIC FOODS, 2021 & 2028 (IN %)
FIGURE
26: NORTH AMERICA PROBIOTICS MARKET, BY BAKERY/BREAKFAST CEREALS, 2022-2028 (IN
$ MILLION)
FIGURE
27: NORTH AMERICA PROBIOTICS MARKET, BY YOGURT, 2022-2028 (IN $ MILLION)
FIGURE
28: NORTH AMERICA PROBIOTICS MARKET, BY CONFECTIONERY, 2022-2028 (IN $ MILLION)
FIGURE
29: NORTH AMERICA PROBIOTICS MARKET, BY BABY FORMULAS, 2022-2028 (IN $ MILLION)
FIGURE
30: NORTH AMERICA PROBIOTICS MARKET, BY OTHER PRODUCTS, 2022-2028 (IN $
MILLION)
FIGURE
31: NORTH AMERICA PROBIOTICS MARKET, BY PROBIOTIC BEVERAGES, 2022-2028 (IN $
MILLION)
FIGURE
32: NORTH AMERICA PROBIOTICS MARKET, BY PROBIOTIC BEVERAGES, 2021 & 2028
(IN %)
FIGURE
33: NORTH AMERICA PROBIOTICS MARKET, BY DAIRY-BASED BEVERAGES, 2022-2028 (IN $
MILLION)
FIGURE
34: NORTH AMERICA PROBIOTICS MARKET, BY FRUIT-BASED BEVERAGES, 2022-2028 (IN $
MILLION)
FIGURE
35: NORTH AMERICA PROBIOTICS MARKET, BY
OTHER BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE
36: NORTH AMERICA PROBIOTICS MARKET, BY NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN
$ MILLION)
FIGURE
37: NORTH AMERICA PROBIOTICS MARKET, BY NUTRITIONAL SUPPLEMENTS, 2021 &
2028 (IN %)
FIGURE
38: NORTH AMERICA PROBIOTICS MARKET, BY POWDERS, 2022-2028 (IN $ MILLION)
FIGURE
39: NORTH AMERICA PROBIOTICS MARKET, BY CAPSULES, 2022-2028 (IN $ MILLION)
FIGURE
40: NORTH AMERICA PROBIOTICS MARKET, BY
GUMMIES, 2022-2028 (IN $ MILLION)
FIGURE
41: NORTH AMERICA PROBIOTICS MARKET, BY OTHER NUTRITIONAL SUPPLEMENTS,
2022-2028 (IN $ MILLION)
FIGURE
42: NORTH AMERICA PROBIOTICS MARKET, BY VETERINARY FEED, 2022-2028 (IN $
MILLION)
FIGURE
43: NORTH AMERICA PROBIOTICS MARKET, BY COSMETICS, 2022-2028 (IN $ MILLION)
FIGURE
44: NORTH AMERICA PROBIOTICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE
45: UNITED STATES PROBIOTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE
46: CANADA PROBIOTICS MARKET 2022-2028 (IN $ MILLION)