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Probiotics Ingredients Market Size, Share, Growth, Report and Forecast 2024-2032
Probiotics Ingredients Market
According to the report by Expert Market Research (EMR), the global probiotics ingredients market size is projected to grow at a CAGR of 8.9% between 2024 and 2032. Aided by growing demand for healthy supplements, the market is expected to grow significantly by 2032.
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Probiotic ingredients are live microorganisms that, when administered in adequate amounts, confer a health benefit on the host. They are commonly found in fermented foods, and dietary supplements, and are increasingly being incorporated into functional foods and beverages.
The driving force behind the probiotics ingredients market growth is the growing consumer awareness regarding gut health and the direct link between digestive health and overall well-being. This has led to a surge in demand for probiotic products, particularly in the dietary supplements and functional foods sectors.
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The application of probiotics in the dairy industry, especially in yoghurts and fermented milk products, is a significant factor propelling the probiotics ingredients market demand. Probiotics are being increasingly used in dairy alternatives as well, catering to the vegan and lactose-intolerant population.
In addition to gut health, probiotics are also recognised for their potential benefits in boosting immunity, managing weight, and even improving mental health. This wide range of health benefits is expanding the applications of probiotics in various food and healthcare products. Technological advancements in microencapsulation techniques have improved the viability and stability of probiotics in different environments, further fuelling the probiotics ingredients market size.
Regionally, the Asia-Pacific region, led by countries like Japan, China, and India, is a major market for probiotics ingredients, attributed to the traditional consumption of fermented foods and growing health consciousness among consumers. North America and Europe are also significant markets, with increasing consumer awareness about probiotic benefits and rising health and wellness trends among the population.
Key players in the market are focusing on research and development to enhance the efficacy and application range of their probiotic ingredients. As per the probiotics ingredients market analysis, collaborations, strategic partnerships, and expansions are part of their strategies to meet the growing global demand, which further contributes to the overall market expansion.
Probiotics Ingredients Market Segmentation
The market can be divided based on application, source, end use, and region.
Market Breakup by Application
Functional Foods and Beverages
Dairy Products
Non-Dairy Products
Pharmaceuticals
Dietary Supplements
Animal Nutrition
Others
Market Breakup by Source
Bacteria
Lactobacillus
Bacillus
Enterococcus
Bifidobacterium
Streptococcus
Yeast
Saccharomyces Cerevisiae
Saccharomyces Boulardii
Others
Market Breakup by End Use
Human Consumption
Intestinal Disorders
Lactose Intolerance
Inflammatory Bowel Disorders
Cardiovascular Diseases
Obesity
Urogenital Infections
Type-2 Diabetes
Cancer
Animal Consumption
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global probiotics ingredients market. Some of the major players explored in the report by Expert Market Research are as follows:
CHR Hansen Holding A/S
Danisco A/S (DuPont)
Lallemand, Inc.
Novozymes A/S
Kerry Group Plc (Ganeden Inc.)
Archer Daniels Midland Company (Probiotics International Ltd.)
Bifodan A/S
Others
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