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| Probiotic Ingredients Market |
Probiotic ingredients are live microorganisms that, when consumed in adequate amounts, confer health benefits such as boosting immune system response, enhancing nutrient absorption, and improving digestive health. Probiotic ingredients help prevent and treat various disorders including irritable bowel syndrome, diarrhea, lactose intolerance, and eczema. Due to their immunity-boosting properties and ability to promote digestive health, the demand for probiotic ingredients is growing significantly. The global Probiotic Ingredients Market is estimated to be valued at US$ 5340.5 Bn in 2023 and is expected to exhibit a CAGR of 4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising awareness regarding preventive healthcare and the role of probiotics in
maintaining overall well-being is a major trend fueling the growth of this
market. Changing lifestyles and dietary patterns have weakened gut health, and
probiotic ingredients are being increasingly consumed to address gut dysbiosis.
Emerging research has highlighted the association between an imbalanced gut
microbiome and various chronic diseases including diabetes, obesity, cancer,
and neurological disorders. This has spurred further demand for
probiotic-enriched functional foods and supplements. Growing emphasis on
developing affordable as well as efficacious probiotic formulations for both
developing and developed nations is anticipated to present lucrative
opportunities.
Segment Analysis
The global probiotic ingredients market is dominated by the dairy and food
segment. Dairy and food probiotic ingredients accounted for more than 60% share
of the overall market in 2022. Probiotic ingredients are increasingly being
used in dairy products such as yogurts, cheese, and milk due to their many
associated health benefits. Probiotic strains enhance digestion and promote gut
health. Rising consumer awareness about probiotic ingredients and their health
advantages is fueling the use of probiotic dairy and food products globally.
Key Takeaways
The global Probiotic
Ingredients Market Share is expected to witness high growth over the
forecast period 2023 to 2030. The market size is projected to reach US$ 5340.5
Bn by 2030, expanding at a CAGR of 4.0% during the forecast timeline.
Regional analysis: North America dominates the global probiotic ingredients
market currently. The region accounts for over 35% share of the overall market.
Increase in healthcare expenditure and higher consumer awareness about
probiotic benefits are major factors supporting the growth of the North America
probiotic ingredients market. Asia Pacific is expected to be the fastest
expanding regional market during the forecast period driven by rising
disposable incomes, health consciousness, and transition towards Western diets
in countries like India and China.
Key players: Key players operating in the probiotic ingredients market are
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 leading companies
collectively account for over 70% share of the global probiotic ingredients
market currently. They are focusing on new product development and geographical
expansion strategies to strengthen their position in the market.
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