Precision Probiotics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Strain (Lactobacilli, Bifidobacteria, Streptococcus Thermophilus, Saccharomyces Bouvardia, Others), By Application (Weight Management, Nutrition Management, Mental Performance, Food Supplements, Others), and Region    

Precision Probiotics Market size was valued at US$ x million in 2023 and is poised to grow at a CAGR of x% from 2024 - 2030. Precision Probiotics Market is expected to grow at a significant CAGR. Probiotics are living microorganisms that are consumed as they are meant to have health benefits. These probiotic microbes play a vital role in maintaining the balance of microbial populations within the human body and contribute to the health and well-being of individuals. Improved awareness about preventive healthcare is one of the substantial factors influencing consumers' preference for nutritional products stimulated with probiotics. The probiotics market is scheduled to witness prosperity due to factors such as increased demand for probiotics as preventive healthcare, increasing usage of probiotics in sports, growing focus on animal health and nutrition, increasing product development activities, and the increasing focus on enhancing the safety of probiotics is further projected to result in the significant revenue growth in the probiotics market during the forecast period. Moreover, the increasing geriatric population seeking solutions to age-related health issues such as digestive disorders and weak immunity systems is expanding the consumption of probiotic supplements. However, high costs and issues related to product recalls may undesirably influence the consumption of probiotic products. Moreover, emerging applications of probiotics in personalized nutrition and precision medicine are expected to create significant potential for the growth of the probiotics market worldwide.

Recent Market Developments:

• In October 2022, Nouri inaugurated a new prenatal probiotic supplement that supports the mother's microbiome. Nouri's Prenatal Health is intended to support the mother's microbiome during pregnancy, when the function and composition of the gut microbiome changes due to hormonal changes and it supports nutrient absorption, immunity, and mood while reducing common gastrointestinal symptoms during pregnancy, such as nausea, stomach upset and bloating.
• In September 2021, Ginkgo Bioworks initiated Verb Biotics which identifies and plans new probiotic bacterial strains with enhanced properties such as human nutrition, health, and well-being. Ginkgo and Verb target to unlock the benefits of gut microbes with precision and specificity to truly deliver on the promise of microbes for human health.
• In February 2021, Probi made an agreement with Perrigo to bring superior probiotic gastrointestinal and immune health concepts to a few European countries. The companies wish to influence their combined strengths to launch even more successfully in the rapidly growing probiotic supplement industry.