According to the latest report by IMARC Group, titled “India Probiotics Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, 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.
Probiotics are supplements or food products, such as curd, yogurt, and drinks, that assist in maintaining the gut and digestive health. They contain live microbial ingredients, including bacteria and yeast, that offer numerous health benefits when consumed in moderation. They help maintain the microbial balance in the body, improve nutrient absorption and bowel movement, prevent the growth of harmful bacteria in the digestive tract, and minimize the risk of type-2 diabetes. As a result, probiotics are widely consumed in India to strengthen immunity and potentially aid in treating and preventing various gastrointestinal disorders.
India Probiotics Market Trends and Drivers:
The India probiotics market is primarily driven by the growing awareness regarding the health benefits of probiotics and the rising prevalence of gastrointestinal problems. Additionally, the increasing consumer health consciousness has led to a significant shift toward healthier food products, such as functional foods and beverages, immunity boosters, and dietary supplements.
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Along with this, the recent outbreak of coronavirus disease (COVID-19) has augmented the demand for probiotics. Furthermore, the leading manufacturers are launching innovative probiotic variants, such as dairy-, allergen-, and sugar-free formulations, in easy-to-store, portable, and flexible packaging materials, thereby contributing to the market growth.
Other factors, including the escalating demand for ready-to-eat (RTE) foods, aging population, rapid urbanization, and rising consumer disposable incomes, are also anticipated to drive the market further.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
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.).
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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
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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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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