The latest research study “India Probiotics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the India probiotics market reached a value of INR 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 7.7 Billion by 2027, exhibiting a CAGR of 20.50% during 2022-2027.
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Probiotics consist of live microbial ingredients that aid in maintaining gut health. Some commonly available products include yogurt, drink, curd, dietary supplements, etc. Probiotics assist in reducing the risk of type-2 diabetes, preventing the growth of harmful bacteria inside the digestive tract, leading to better nutrient absorption and bowel movement, aiding in enhanced digestive health, boosting immunity, etc. They are also utilized in treating and potentially minimizing gastrointestinal issues, such as diarrhea, irritable bowel syndrome, colorectal cancer, constipation, etc. As a result, probiotics find widespread distribution across supermarkets, convenience stores, hypermarkets, specialty stores, online markets, etc.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Probiotics Market Trends and Drivers:
The growing geriatric population, who are more prone to chronic gastrointestinal disorders, is among the primary factors driving the India probiotics market. Besides this, the shifting consumer preferences from high-calorie diets towards functional foods and beverages are further augmenting the market growth.
Apart from this, the development of specialized probiotics, such as L. acidophilus, L. rhamnosus, Bifidobacterium, etc., is also catalyzing the market across India. Moreover, the emerging trend of ready-to-eat (RTE) curd, yogurt, and drinks in portable and flexible packaging solutions, on account of the hectic consumer work schedules and sedentary lifestyles, is acting as another significant growth-inducing factor.
Furthermore, the expanding nutraceutical sector and the launch of various dairy-, allergen-, and sugar-free formulations are expected to propel the India probiotics market in the coming years.
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|India Probiotics Market Report Scope|
|Market size value in 2021||INR 2.6 Billion|
|Market forecast in 2027||INR 7.7 Billion|
|Growth Rate||CAGR of 20.50% from 2022 to 2027|
|Base year for estimation||2021|
India Probiotics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
India Probiotics Companies:
Epigamia (Drums Food International), Gujarat Cooperative Milk Marketing Federation, Heritage Foods Limited, Mother Dairy Fruits and Vegetables Pvt. Ltd., Milkmantra Dairy Pvt. Ltd., Milky Mist Dairy, Nestlé India Ltd. (Nestle SA) and Yakult (Danone India Pvt. Ltd.).
The report has segmented the market on the basis of region, product type and distribution channel.
Breakup by Product Type:
- Probiotic Curd
- Probiotic Drinks
- Probiotic Yoghurt
Breakup by Distribution Channel:
- Convenience Stores
- Supermarkets and Hypermarkets
- Specialty Stores
Market Breakup by Region:
- North India
- West and Central India
- South India
- East India
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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