Probiotic Ingredients Market by Source (Bacterial, Yeast), Form (Liquid, Powder, Tablets, Capsules), Application (Pharmaceuticals, Food & Beverage, Animal Feed), End-User (Human, Animal), Distribution Channel (Online, Offline) & Region for 2024-2031
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Probiotic Ingredients Market by Source (Bacterial, Yeast), Form (Liquid, Powder, Tablets, Capsules), Application (Pharmaceuticals, Food & Beverage, Animal Feed), End-User (Human, Animal), Distribution Channel (Online, Offline) & Region for 2024-2031
Probiotic Ingredients Market Valuation – 2024-2031
The Probiotic Ingredients Market is expanding rapidly due to increasing consumer knowledge of gut health and the advantages of probiotics. These beneficial microbes are necessary for maintaining a healthy gut microbiome, which is linked to overall health and well-being. The industry is being pushed by rising consumer demand for probiotic supplements, functional foods, and drinks. This is likely to enable the market size to surpass USD 6.85 Billion in 2024 to reach a valuation of around USD 9.97 Billion by 2031.
North America and Europe are important regions in the probiotic ingredients market due to increased consumer awareness and demand for health-promoting goods. However, Asia-Pacific is predicted to increase significantly as disposable incomes rise and the middle class expands. The rising demand for probiotic ingredients is enabling the market to grow at a CAGR of 4.80% from 2024 to 2031.
Probiotic Ingredients MarketDefinition/ Overview
Probiotic components are substances containing live beneficial microorganisms, primarily bacteria or yeast, that improve gut health by balancing intestinal microbiota. They promote digestion, improve immunological function and inhibit the growth of dangerous bacteria, all of which contribute to overall digestive and immune system health.
Probiotic components are utilized to improve gut health, digestion, immunological function and maintain a healthy microbiome. They are typically found in supplements, yogurts, fermented foods and beverages, and help to avoid digestive issues, improve nutrient absorption and promote general health.
Future applications for probiotic components include improving gut health, strengthening immunological function and perhaps addressing mental health issues. They can also be used in functional foods and beverages, personalised nutrition and chronic illness therapies. Advances in microbiome research may reveal new applications for probiotics in a variety of health disorders.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Will Increasing Consumer Awareness and Health Consciousness Propel the Probiotic Ingredients Market Growth?
Rising consumer knowledge and health consciousness are considerably driving the probiotic ingredients industry. According to a 2023 poll by the International Probiotics Association (IPA), 76% of consumers were familiar with the term “probiotics,” and 45% had consumed probiotic products over the previous six months.
Furthermore, Google Trends data for 2022 showed a 32% increase in searches for “probiotic benefits” compared to the previous year. This increasing knowledge is boosting demand for probiotic supplements and functional foods, as more people want to improve their gut health and general well-being. As a result, the market is likely to grow further as health-conscious customers place a higher value on probiotics.
Will High Production Costs Hamper the Probiotic Ingredients Market?
Excessive production costs may jeopardize the probiotic ingredients business. The complex manufacturing procedures and specialized equipment required for probiotic production drive up expenses. According to 2023 research from the International Probiotics Association (IPA), creating a new probiotic strain costs roughly USD 1.5 Million and producing probiotic ingredients is typically 20-30% more expensive than standard food ingredients.
These high prices may limit the affordability and accessibility of probiotic products, thereby slowing market growth. However, continued technological developments and greater investment in research may assist to reduce these costs and promote market expansion in the long run.
Category-Wise Acumens
How will Health Benefits Offered by Bacteria Favor its Role in the Probiotic Ingredients Market?
The minimal health concerns associated with bacteria is anticipated to enable this segment hold major share in the probiotic ingredients market. Probiotics bacteria, such as Lactobacillus reuteri, have extensive clinical evidence backing up its health advantages such as improved digestion, immunological support and mental health. Thus, the proven efficacy of bacteria is projected to enhance its use in probiotic ingredients.
The studies confirming Lactobacillus reuteri’s impact on gut health and immunological function is enhancing its use in a variety of products. As scientific data continues to emphasize the health benefits of various probiotic bacterial strains, it is projected dominate over the forecast period.
Will Growing Concerns Related to Gut Health Enhance Use of Probiotic Ingredients in Human?
Rising consumer demand for gut health is anticipated to greatly boost the human probiotics industry. As people become more conscious of the gut’s significance in overall health, they seek out goods that promote digestive health, immunity and mental well-being. Probiotics with beneficial bacteria is likely to support a healthy gut microbiota, promoting its usage in nutritional supplements and functional meals for humans.
Research showing the health advantages of specific probiotic strains, combined with a growing health consciousness, is driving demand for human probiotics. This tendency is visible in the growing number of probiotic supplements and functional foods available on the market. As a result, the probiotics ingredients market in human is predicted to expand significantly, owing to consumers’ growing interest in preserving and improving their gut health.
Gain Access into Probiotic Ingredients Market Report Methodology
Country/Region-wise Acumens
Will Well-Established Market for Dietary Supplements and Functional Foods Drive the Market in North America?
The well-established industry for dietary supplements and functional foods is projected to drive the probiotic ingredients market in North America. The region have a mature and robust healthcare infrastructure, and consumers are becoming aware of the health benefits of probiotics. This led to in a significant demand for dietary supplements and functional foods containing probiotics to improve gut health, immunological support and general well-being.
North America’s sophisticated market dynamics, which include a varied range of probiotic products and significant investment in R&D, contribute to growth. As consumers emphasize health and wellbeing, North America’s established market conditions will continue to drive demand for probiotic components, confirming the region’s dominant position in the worldwide market.
Will Rising Disposable Incomes Drive the Market in Asia Pacific Region?
Increasing disposable incomes are likely to boost the Asia-Pacific probiotic ingredients market. As the economy grows and the middle class expands, customers have more money to spend on health and wellness items. People seeking to improve their gut health and overall well-being are more likely to use probiotics in dietary supplements and functional foods as their discretionary income increases.
Furthermore, rising awareness of the benefits of probiotics and a shift toward healthy lifestyles are driving market expansion. With rising earnings allowing for more access to a wider range of probiotic products, the Asia-Pacific region is poised to see significant growth in the probiotic components market, driven by higher consumer spending power and health consciousness.
Competitive Landscape
The probiotic ingredients market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the probiotic ingredients market include
- Kerry, Inc.
- Hansen Holding AS
- DSM
- DuPont de Nemours, Inc.
- Associated British Foods plc
- Lallemand Inc
- Archer Daniels Midland
- Advanced Enzyme Technologies
- Probi AB
- Adisseo
Latest Developments
- In September 2022, FrieslandCampina launched Biotis GOS-OP High Purity in Asia-Pacific (APAC). The company’s high-level galactooligosaccharides (GOS) component aims to fill a market gap and drive innovation in prebiotic supplements.
- In February 2022, Royal DSM, a science-based firm focused on nutrition, health, and sustainability, expanded its capabilities as a comprehensive partner for North American customers in gut health.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Growth Rate | CAGR of ~4.80% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
|
Regions Covered |
|
Key Players | Kerry, Inc., Chr. Hansen Holding AS, DSM, DuPont de Nemours, Inc., Associated British Foods plc, Lallemand, Inc., Archer Daniels Midland, Advanced Enzyme Technologies, Probi AB, Adisseo. |
Customization | Report customization along with purchase available upon request |
Probiotic Ingredients Market, By Category
Source
- Bacteria
- Bifidobacterium animalis
- Bifidobacterium breve
- Bifidobacterium longum
- Lactobacillus Reuteri
- Yeast
- E-coli
- Saccharomyces cerevisiae
- Saccharomyces boulardi
Form
- Liquid
- Powder
- Tablets
- Capsules
- Flakes
- Phycocyanin
Application
- Food and Beverages
- Dairy Products
- Non-dairy Products
- Pharmaceuticals
- Dietary Supplements
- Animal Feed
- Personal Care and Cosmetics
Component
- Bacteria
- Yeast
Form
- Dry
- Liquid
- Powder
- Tablets
- Capsules
- Flakes
- Others
End-User
- Human
- Animals
Distribution Channel
- Online
- Offline
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.