Global Probiotic Ingredients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Probiotic Ingredients Market Overview:
“The global Probiotic Ingredients Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global probiotic ingredients market report has been segmented on the basis of ingredient, bacteria, application, and region.
Probiotics are bacteria that help keep the natural balance of organisms (microflora) in the intestines. The normal human digestive tract contains about 400 types of probiotic bacteria that reduce the growth of harmful bacteria and promote a healthy digestive system. Lactobacillus is one of the common probiotic ingredient type found in foods and is considered as a helpful remedy for a number of disorders, including diarrhea, skin disorders, lactose intolerance, and others.
Increasing demand for probiotic ingredients from food & beverages and nutraceuticals, owing to various health benefits offered by such ingredients are major factors driving growth of the global probiotic ingredients market. Increasing health disorders among individuals, owing to sedentary lifestyle, smoking, and others, and increasing awareness among consumers regarding health benefits of probiotic ingredients are other factors expected to contribute growth to the target market over the forecast period.
Increasing demand for probiotic ingredients in dietary supplements, owing to it properties to help in improving immune health, digestion, and synthesis of vitamins, minerals and essential fatty acids and increasing investments in R&D by various companies for broadening application base are other important factors expected to support growth of the global probiotic ingredients market.
However, high consumption of probiotic ingredients leads to side effects such as mild gas, bloating, and other digestive problems, which is a major factor restraining growth of the global probiotic ingredients market. Lack of awareness regarding probiotic ingredients in underdeveloped countries is another factor hampering growth of this market over forecast period.
The market in Asia Pacific is expected to dominate the global probiotic ingredients market and account for highest share in terms of revenue, owing to high demand from emerging countries such as India and China and high demand from food & beverages industry in countries in the region. The market in Europe is expected to account for second-highest revenue share, owing to high demand for dietary supplements and increasing awareness among consumers regarding health benefits of probiotic ingredients. The market in Europe is followed by North America, Latin America, and Middle East & Africa.
Global probiotic ingredients market segmentation:
Segmentation by ingredient:
- Spore formers
Segmentation by bacteria:
Segmentation by application:
- Probiotic food & beverages
- Probiotic dietary supplements
- Animal feed probiotics
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hansen A/S
- Yakult Honsha Co. Ltd.
- BioGala AB
- Groupe Danone
- Nestle S.A.
- Probi AB
- I.DuPont De Nemours & Company
- Lallemand Inc.
- Biocodex Inc.
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