Probiotics Market Forecast: A Robust Growth Trajectory to US$98.6 Billion by 2030
The global probiotics market is set to experience substantial growth, with market valuation expected to leap from US$52.1 billion in 2022 to a projected US$98.6 billion by 2030. This impressive growth is forecasted at a robust compound annual growth rate (CAGR) of 8.3% between 2023 and 2030, according to a comprehensive report by Fairfield Market Research.
Key Trends Driving Probiotic Market Growth:
Probiotics for Skin Health: A growing trend in skincare emphasizes holistic approaches to skin health. Consumers are increasingly seeking products that use probiotics to address both internal and external aspects of skin health.
Probiotics for Sports Nutrition: Athletes are recognizing the importance of intestinal health for overall performance. Probiotics play a crucial role in nutritional a...