Global Probiotics Ingredients Market Report and Forecast 2024-2032

Global Probiotics Ingredients Market Outlook

The global probiotics ingredients market is predicted to expand from USD 3.08 billion in 2023 to USD 6.66 billion by 2032 at a CAGR of 8.9% over the forecast period of 2024-2032.

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The growth of the global probiotics ingredients market can be ascribed to the rising consumer awareness regarding preventive healthcare combined with the increased spending on probiotics by consumers. Furthermore, the accessibility to preventive healthcare data due to the availability of several online platforms is creating awareness among consumers regarding the product.

Market Segmentation

The probiotics ingredients market can be divided on the basis of segments like source, application, and end-use. The industry can be bifurcated on the basis of its source as bacteria and yeast, among others. Bacteria are subdivided into Lactobacillus, Bacillus, Enterococcus, Bifidobacterium, and Streptococcus. Yeast is further subdivided into Saccharomyces cerevisiae and saccharomyces boulardii.

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The industry can be broadly categorised based on its application into:

• Functional Foods and Beverages 
  • Dairy Products
    • Yoghurt
    • Cheese
    • Others
• Non-Dairy Products
  • Vegetable-Based Probiotic Products
  • Fruit-Based Probiotic Products
  • Meat-Based Probiotic Products
• Pharmaceuticals
  • Dietary Supplements
    • Tablets
    • Probiotic Drinks
    • Powders
    • Capsules
  • Animal Nutrition 
• Others

The industry can be divided on the basis of its end use as human consumption and animal consumption. Human consumption is subdivided into intestinal disorders, lactose intolerance, inflammatory bowel disorders, cardiovascular diseases, respiratory infections, obesity, urogenital infections, type-2 diabetes, and cancer.

The EMR report looks into the regional probiotics ingredients markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The increased focus on preventive healthcare by consumers, which is driving the probiotics ingredients market, is the result of factors like rising disposable incomes, rising living standards, ageing populations, and changing attitudes towards healthcare, particularly in the developed and developing economies. Further, the growing demand for dietary supplements in the pharmaceutical, cosmetics, and personal care sectors is expected to drive the probiotics market, which in turn, is expected to drive the growth of the probiotics ingredients market. The use of probiotic strains in the production of end products such as cheese, yoghurt, and other dairy products has stimulated this segment’s development. It is estimated that the bacterial segment will hold a major market share as it provides different health advantages. The liquid segment is expected to record the fastest growth during the forecast period in the probiotics ingredients market.

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global probiotics ingredients market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• CHR Hansen 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

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report