According to the latest report by IMARC Group, titled “India Probiotics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the India probiotics market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
What is the estimated value of the Indian Probiotics Market?
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 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.
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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.
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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