The global Probiotic Ingredients Market is estimated to be valued at US$ 4.96 billion in 2021 and is expected to exhibit a CAGR of 3.9% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Probiotic Ingredients Market refers to a range of live bacteria and yeasts
that are beneficial to human health, particularly in maintaining a healthy gut.
These probiotic ingredients are widely used in the production of dietary
supplements, functional food and beverages, and animal feed. They help improve
digestion, boost the immune system, and promote overall gut health. The
increasing awareness about the importance of gut health and the rising consumer
inclination towards preventive healthcare are driving the demand for probiotic
ingredients.
Market Key Trends:
One key trend in the probiotic ingredients market is the growing demand for
digestive health supplements. With the rise in gastrointestinal disorders and
digestive health issues, consumers are increasingly turning to probiotics to
improve their gut health. Probiotic supplements provide a convenient and
effective way to maintain a healthy digestive system, as they contain a high
concentration of beneficial bacteria. Additionally, the increasing prevalence
of lifestyle-related diseases, such as obesity and diabetes, is fueling the
demand for probiotic ingredients. Probiotics have been shown to help regulate
blood sugar levels and promote weight loss, making them a popular choice among
consumers. With the growing emphasis on preventive healthcare and the
continuous research and development in the field of probiotics, the market is
expected to witness high growth in the coming years.
PEST Analysis:
Political: The political factor in the probiotic ingredients market involves
government regulations and policies that can affect the production, import,
export, and marketing of probiotic products. For example, governments may
impose strict regulations on labeling and health claims for probiotics, which
can impact the market.
Economic: The economic factor examines the influence of macroeconomic
conditions on the probiotic ingredients market. Factors such as GDP growth,
consumer spending power, and inflation rates can affect the demand and
affordability of probiotic products. Economic downturns or recessions may
negatively impact the market.
Social: The social factor considers societal trends and cultural factors that
influence consumer preferences and behavior towards probiotic products. Growing
health consciousness, increasing awareness about the benefits of probiotics,
and changing dietary habits towards healthier options are some social factors
driving the market.
Technological: The technological factor focuses on advancements in technology
that impact the production, formulation, and delivery of probiotic ingredients.
Technological innovations can improve the viability and stability of
probiotics, enhance their delivery methods, and increase their shelf life,
leading to a wider range of product offerings.
Key Takeaways:
The global Probiotic
Ingredients Market Share is expected to witness high growth, exhibiting
a CAGR of 3.9% from 2022 to 2030.
The market is driven by increasing consumer awareness about the health benefits
of probiotics, such as improved digestion, immune system support, and gut
health. Additionally, the rising demand for natural and organic ingredients in
food and beverage products is boosting the market growth.
In terms of regional analysis, North America is the fastest-growing and
dominating region in the probiotic ingredients market. The region is witnessing
a high demand for probiotic products, driven by the increasing health
consciousness and growing consumer preference for functional foods. The
presence of key market players and the availability of technologically advanced
manufacturing facilities also contribute to the region's market dominance.
Key players operating in the probiotic ingredients market 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. These companies are actively engaged
in product innovation, strategic partnerships, and acquisitions to strengthen
their market position and expand their product portfolios in the probiotic
ingredients market.
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