Probiotics Food & Cosmetics Market Growth, Major Key Players, Trends, and Forecast to 2026
The global Probiotics Food & Cosmetics Market is estimated to be valued at USD 56.6 billion in 2021. It is projected to reach USD 84.5 billion by 2026, recording a CAGR of 8.3% during the forecast period. The increasing demand from developed countries for probiotics-based dietary supplements benefiting human digestion and intestinal health, particularly in the aging population, has been a major driver for the global probiotics food & cosmetics market.
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Key players in this market include Bühler, Akron Tool & Die, Baker Perkins, Coperion, and GEA
Probi AB is engaged in the research, development, marketing, and sale of probiotics for food, health, and pharmaceutical industries. The company conducts research and develops products, primarily in the field of gastrointestinal health, immune system, metabolic syndrome, and stress & performance recovery. The company is organized into three operating segments wherein the segments are based on geographical divisions, and the segments sell probiotics to pharmaceutical and healthcare companies as well as customers specializing in probiotics and self-care products. Foods containing Probi AB’s probiotics are being developed in collaboration with leading food companies. In May 2020, Probi AB signed a long-term R&D collaboration agreement with Competence Centre on Health Technologies (CCHT). It aims at developing novel products based on probiotics lactobacilli strains for women’s health. In March 2018, Probi AB entered into an agreement with Cilag (Switzerland), a member of the Johnson & Johnson Family of Companies, for the development of probiotic products.
Nestlé is one of the largest food & beverage companies across the globe. The company manufactures a wide range of food products. Its product portfolio includes milk and milk products, beverages, chocolates, confectionery, coffees, creamers, food seasoning, and pet foods.
The company offers its probiotic products under the nutrition and health science segment. It has the largest R&D network of any food company in the world, with 34 R&D facilities (three science & research centers and 31 product technology centers & R&D centers worldwide). In November 2019, Nestle partnered with the University of California San Diego Centre for Microbiome Innovation (CMI) to enhance its understanding of how microbiomes affect human health. This includes microbiomes containing prebiotics, probiotics, and synbiotics.
Archer Daniels Midland Company (ADM) is primarily engaged in the food processing and trading of commodities. It is one of the key players in the agricultural processing and food ingredient sectors. The company is involved in the trade, transport, storage, and processing of a wide range of grains and commodities, including corn, oilseeds, wheat, and cocoa.
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ADM provides probiotics through Probiotics International Limited (UK). The company operates its business through several subsidiaries, including Golden Peanut Company LLC (US), ADM Milling (US), ADM do Brasil Ltd (Brazil), Wild Flavors, Inc. (US), and ADM Hamburg AG (Germany). In October 2020, ADM invested in new production capacity, which is a five-fold increase to the current capacity, targeting to produce of probiotics, postbiotics, and flavors.
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