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Probiotic Ingredients Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, Japan, China, Germany, UK - Size and Forecast 2024-2028

Probiotic Ingredients Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, Japan, China, Germany, UK - Size and Forecast 2024-2028

Published: Jan 2024 165 Pages SKU: IRTNTR72282

Market Overview at a Glance

$3 B
Market Opportunity
8.51%
CAGR
7.87
YoY growth 2023-2024(%)

Probiotic Ingredients Market Forecast 2024-2028

The probiotic ingredients market size is projected to increase by USD 3.00 billion, at a CAGR of 8.51% between 2023 and 2028.

The APAC probiotic ingredients market is witnessing substantial growth, driven by rising adoption of probiotic components, a plethora of producers, and concentrated production. Both developing and developed economies such as Australia, China, India, Japan, and South Korea are experiencing an upswing in the middle-class population and urbanization, creating diverse opportunities for major industry players. The surge in demand for nutritious food, influenced by busy lifestyles and wellness concerns, is a pivotal factor contributing to the expansion of the probiotic ingredients sector in the region. Increased disposable income, coupled with the availability of probiotic products in various forms through online and offline retail outlets, further fuels heightened consumption. This aligns with global trends, reinforcing positive forecasts and market analysis for the APAC probiotic ingredients market.

Market: Overview

Probiotic Ingredients Market Size

The market shows an Accelerated CAGR during the forecast period.

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 Market Growth Analysis Driver 

Rising awareness about the benefits of probiotic supplements is the key factor driving market growth. Probiotics are live microorganisms that can be consumed through fermented foods or supplement products. The consumption of probiotic supplements prevents the growth of harmful bacteria inside the digestive tract, leading to an improvement in nutrient absorption and bowel movements. These supplements are widely known for their ability to prevent diarrhea or reduce its severity. The consumption of commercial probiotic products improves the interstitial microbial balance by lowering the pH levels.

Further, studies have shown that the consumption of probiotic yogurt protects the immune system against colon, bladder, and breast cancers. The consumption of probiotics also helps to reduce dental caries, prevents oral candida infections, and manages periodontitis. Due to these health benefits, the demand for probiotic ingredients is expected to increase globally, which in turn will drive the growth of the market during the forecast period.

 Market Growth and Trends 

Growing focus on customized solutions is the primary trend shaping market growth. Consumers are increasingly adopting personalized diets. Personalized nutrition offers growth opportunities to the manufacturers of food and beverage and dietary supplements. The rising awareness among consumers has led to personalization in the use of probiotics based on lifestyle and wellness programs. Several companies offer microbiome sequencing services to consumers, through which they can understand their gut problems, and based on that, they can go for a personalized diet.

Furthermore, aligned with market trends and analysis, many manufacturers are tailoring formulas based on individual needs. For example, Biena, a manufacturer of probiotic ingredients, offers tailor-made formulations for specific applications, which include the use of nutraceuticals in food and dairy processing and dietary supplements for natural health product formulations. Owing to such factors, the global probiotic ingredients market is expected to witness growth during the forecast period.

Market Challenge 

Production difficulties and instability of probiotic strains is a challenge that affects market growth. The production of probiotic cultures is a complicated process that involves fermentation, concentration, and lyophilization. The quality and viability of probiotic strains depend on the colony-forming units (CFU). The viability of strains should be ensured before they are formulated. This is because the count of active probiotic cells in the lyophilized bacteria decreases due to high compression, heat, and mixing. This is a major challenge for probiotic ingredient manufacturers.

Additionally, the instability of probiotic cultures is one of the major challenges in the market in the Americas. Most probiotic cultures available in the market are unstable at room temperature; therefore, proper refrigeration or microencapsulation is needed. Probiotics are unable to survive in the acidic pH of the stomach and cannot colonize in the gut. Thus, such factors hinder the manufacturing of probiotic strains, which is negatively affecting market growth during the forecast period.

Market Segmentation by Source

Bacteria remained the leading source in the global probiotic ingredients market, driving significant growth. The majority of probiotic components such as Lactobacillus, Bifidobacterium, Streptococcus, and others are obtained from bacterial strains, specifically Lactobacillus and Bifidobacterium. These bacteria provide several health benefits, including better gut health, immune system support, and overall well-being. Additionally, as demand for functional foods and supplements rises and consumers become more aware of the importance of gut health, bacterial-derived probiotic ingredients are projected to maintain their global market leadership, which in turn is expected to drive the growth of the market during the forecast period.

Market Segmentation by Application

The market share growth by the food and beverages segment will be significant during the forecast period. The F&B segment is expected to witness steady growth owing to the growing popularity of health and wellness food and beverages. People are looking for several supplements in their diets. Consumers globally are significantly striving to improve their digestive wellness and overall health and are increasing their focus on functional foods and drinks. 

Probiotic Ingredients Market Size

The food and beverages segment was valued at USD 3.14 billion in 2018. 

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Additionally, the increasing awareness about the health benefits of probiotics F&B is driving their consumption globally. In countries such as the US, Canada, and Brazil, a variety of probiotic products, ranging from fortified drinks to candies containing strains from the Lactobacillus and Bifidobacterium genera, are available in supermarkets. Such factors are driving the demand for probiotic ingredients in the F&B segment, which in turn is expected to drive the growth of the market during the forecast period.

Key Regions for the Market

Probiotic Ingredients Market Share by Geography

APAC is estimated to contribute 38% to the growth of the global market during the forecast period

Get a glance at the market share of various regions View PDF Sample

Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The rising use of probiotic ingredients, the existence of a large number of producers, and concentrated production have driven the growth of the market in APAC. Developing and developed economies such as Australia, China, India, Japan, and South Korea are witnessing an increase in the middle-class population and urbanization, which presents various chances for major industry participants in the probiotic ingredients market. Furthermore, the growth of the probiotic ingredients industry in the region is being driven by an increase in purchasing power and increasing expenditure by millennials on nutrition-rich food. Such factors are expected to drive the growth of the probiotic ingredients market in the region during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.

  • Key Offering- Biena Inc.: The company offers probiotic ingredients which is considered medicinal, the site has obtained cGMP certification.
  • Key Offering- BIOCODEX SAS: The company offers probiotic ingredients such as Bifidobacterium bifidum, Bifidobacterium breve, Lactobacillus acidophilus, Lactococcus lactis, and more.

The  market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:

Archer Daniels Midland Co., BioGaia AB, Chr Hansen Holding AS, CUSTOM PROBIOTICS Inc., Danone SA, DuPont de Nemours Inc., Kerry Group Plc, Novozymes OneHealth, Sabinsa Corp., Thermo Fisher Scientific Inc., Unique Biotech Ltd., Winclove BV, Lallemand Inc., American Biosystems Inc., Nutris, Orffa International Holding B.V., Probi AB, and Probiotical S.p.A.

The market analysis and report of qualitative and quantitative analysis of companies have been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The research report forecasts market research and growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Food and beverages
    • Dietary supplements
    • Others
  • Source Outlook
    • Bacteria
    • Yeast
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Probiotic Ingredients Market Scope

Report Coverage

Details

Page number

165

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.51%

Market growth 2024-2028

USD 3.00 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

7.87

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Archer Daniels Midland Co., Biena Inc., BIOCODEX SAS, BioGaia AB, Chr Hansen Holding AS, CUSTOM PROBIOTICS Inc., Danone SA, DuPont de Nemours Inc., Kerry Group Plc, Novozymes OneHealth, Sabinsa Corp., Thermo Fisher Scientific Inc., Unique Biotech Ltd., Winclove BV, Lallemand Inc., American Biosystems Inc., Nutris, Orffa International Holding B.V., Probi AB, and Probiotical S.p.A.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Probiotic Ingredients market growth will increase by $ 3.00 bn during 2024-2028.

The Probiotic Ingredients market is expected to grow at a CAGR of 8.51% during 2024-2028.

Probiotic Ingredients market is segmented by Application( Food and beverages, Dietary supplements, Others) Source( Bacteria, Yeast, North America, MEA, South America)

Archer Daniels Midland Co., Biena Inc., BIOCODEX SAS, BioGaia AB, Chr Hansen Holding AS, CUSTOM PROBIOTICS Inc., Danone SA, DuPont de Nemours Inc., Kerry Group Plc, Novozymes OneHealth, Sabinsa Corp., Thermo Fisher Scientific Inc., Unique Biotech Ltd., Winclove BV, Lallemand Inc., American Biosystems Inc., Nutris, Orffa International Holding B.V., Probi AB, Probiotical S.p.A. are a few of the key vendors in the Probiotic Ingredients market.

APAC will register the highest growth rate of 38% among the other regions. Therefore, the Probiotic Ingredients market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

US, Japan, China, Germany, UK

  • Rising awareness about benefits of probiotic supplementsProbiotics are live microorganisms that can be consumed through fermented foods or supplement products. Probiotic supplements promote a healthy balance of gut bacteria and have also been linked to a wide range of health benefits. The consumption of probiotic supplements prevents the growth of harmful bacteria inside the digestive tract is the driving factor this market.
  • leading to an improvement in nutrient absorption and bowel movements. These supplements are widely known for their ability to prevent diarrhea or reduce its severity. Probiotic supplements increase Lactobacilli count in people and prevent diseases such as bacterial vaginosis is the driving factor this market.
  • yeast infection is the driving factor this market.
  • and urinary tract infection. The consumption of commercial probiotic products improves the interstitial microbial balance by lowering the pH levels. Clinical studies have also shown that the intake of probiotics prevents the overgrowth of harmful microbes is the driving factor this market.
  • such as candida is the driving factor this market.
  • helicobacter pylori is the driving factor this market.
  • escherichia coli is the driving factor this market.
  • and salmonella. Studies have also shown that the consumption of probiotic yogurt protects the immune system against colon is the driving factor this market.
  • bladder is the driving factor this market.
  • and breast cancers. The consumption of probiotics also helps to reduce dental caries is the driving factor this market.
  • prevents oral candida infections is the driving factor this market.
  • and manages periodontitis. Owing to these health benefits is the driving factor this market.
  • the demand for probiotic ingredients is expected to increase globally is the driving factor this market.
  • which in turn will drive the growth of the global probiotic ingredients market during the forecast period. is the driving factor this market.

The Probiotic Ingredients market vendors should focus on grabbing business opportunities from the Food and beverages segment as it accounted for the largest market share in the base year.