Probiotics Market Report 2024-2030: Integration of Probiotics into Beauty and Skin Care Products Throws the Spotlight On Cosmeceuticals [Yahoo! Finance]
SYMRISE AG UNSP/ADR (SYIEY)
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Source: Yahoo! Finance
The global market for Probiotics is estimated at US$63.2 Billion in 2023 and is projected to reach US$91.7 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. The growth in the probiotics market is driven by several factors, including rising health consciousness among consumers, advancements in functional food technologies, and an increasing body of research supporting the health benefits of probiotics. The expanding elderly population, which is more prone to gastrointestinal ailments, also significantly contributes to this demand. Furthermore, the growing fitness and wellness trend globally encourages individuals to adopt healthier diets enriched with functional foods that include probiotics. Manufacturers are responding by expanding their product ranges to include probiotic-infused goods, such as cereals, snack bars, and even ice cream, making it easier for consumers to incorporate beneficial bacteria into their daily routines. Additionally, improvements in product fo
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