Probiotic Ingredients Market, By Type (Bacteria, Yeast, Spore Formers), By Application (Food and Beverage, Dietary Supplements, Animal Feed), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

The global probiotic ingredients market is projected to reach around US$ 7016.8 Billion by 2030, in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2023-2030).

Global Probiotic Ingredients Market Share (%), By Region, 2022

Probiotic ingredients are used to improve the immune system of the body. This results in a reduction in the number of cases of disease. In addition, it helps restore balance in the digestive tract. It also helps reducte inflammation in the intestine. It is used in all types of Food&Beverages segments, including snacks and bars. It is also used in personal care products and breakfast solutions. The growth of the market is attributed to the increasing awareness among customers about the direct relation of probiotic ingredients to digestive health benefits, the rise in demand for high-nutrient foods, and the increase in demand for quality feed products. Probiotics are used for the prevention of conditions like urinary tract infections, bacterial vaginosis, and oral health issues. Also, they can be used to prevent respiratory infections, necrotizing enterocolitis, and bowel disorders.

Market Dynamics

Increasing health awareness among consumers is driving growth of the global probiotics ingredients market. Probiotic ingredients are used in a variety of foods, beverages, and dietary supplements to promote immune function, reduce intestinal permeability, and prevent gastrointestinal disorders. Moreover, growing consumer awareness and spending on probiotic ingredients are projected to drive the market over the next five years. Furthermore, increasing demand for raw and processed meat may also contribute to the growth of the product segment. In addition, the increasing usage of probiotic ingredients in sports nutrition products is further projected to drive the market's growth.

On the other hand, stringent regulations and labeling standards for probiotics are expected to restrict market growth.

Key features of the study:

• This report provides an in-depth analysis of the global probiotics ingredients market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global probiotics ingredients market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include Kerry Inc., Chr. Hansen Holding AS, Koninklijke DSM NV, DuPont De Neumors, Inc., Lallemand Inc., Associated British Foods PLC, Nutris, Archer Daniels Midland Company, Advanced Enzyme Technologies, and Orffa
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradations, market expansion, and marketing tactics
• The global probiotics ingredients market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global probiotics ingredients market

Detailed Segmentation:

• Global Probiotic Ingredients Market, By Type
  • Bacteria
  • Yeast
  • Spore Formers
• Global Probiotic Ingredients Market, By Application
  • Food and Beverage
  • Dietary Supplements
  • Animal Feed
• Global Probiotics Ingredients Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Kerry Inc.
  • Hansen Holding AS
  • Koninklijke DSM NV
  • DuPont De Neumors, Inc.
  • Lallemand Inc.
  • Associated British Foods PLC
  • Nutris
  • Archer Daniels Midland Company
  • Advanced Enzyme Technologies
  • Orffa