Global Probiotic Ingredients By Application (Functional Food and Beverages, Pharmaceuticals, Animal Nutrition and Others), Source (Bacteria and Yeast), Form (Dry and Liquid), End User (Human and Animal), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Probiotic Ingredients Market
Data Bridge Market Research analyses that the global probiotic ingredients market will project a CAGR of 6.59% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growing popularity of probiotic dietary supplements, rising consumer consciousness towards high quality nutritional products, growing research and development proficiencies by the major manufacturers and increasing personal disposable income by the major companies are the major factors attributable to the growth of probiotic ingredients market.
Probiotics are the living organisms, particularly yeast and bacteria that are consumed to improve the functioning of immunity system or strengthening the immunity. Such bacteria or yeasts are already present in fermented foods and beverages and can also be added artificially to the food items.
Rising personal disposable income and growing awareness about the benefits of probiotic and prebiotic foods are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising demand for value added products, ban on the usage of AGPS (antibiotic growth promoters) in feed and ever-rising global population are other important factors acting as market growth determinants. Improving distribution channel, growing focus of the manufacturers on providing innovative products, rising availability of food products that enhance immune health and changing tastes and preferences of consumers will further induce growth in the market value. Also, easy availability of information regarding probiotics on the internet will further carve the way for the growth of market.
However, complexities in integrating probiotics functional foods will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies will further restrict the scope of growth for the market. Stringent quality standards and regulations imposed on the use of probiotics in infant formula, supplements and others will also hamper the market growth rate.
This probiotic ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on probiotic ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Probiotic Ingredients Market Scope and Market Size
The probiotic ingredients market is segmented on the basis of application, source, form and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the global probiotic ingredients market is segmented into functional food and beverages, pharmaceuticals, animal nutrition and others. Functional food and beverages segment is sub-segmented into dairy products and non-dairy products. Dairy products segment is further bifurcated into yogurt, cheese and other dairy products. Non-dairy products segment is further bifurcated into vegetable-based probiotic products, fruit-based probiotic products and meat-based probiotic products. Pharmaceuticals segment is sub-segmented into dietary supplements. Dairy supplements segment is further bifurcated into tablets, probiotic drinks, powders and capsules. Others segment is sub-segmented into strains used in cosmetics and personal care.
- On the basis of source, the probiotic ingredients market is segmented into bacteria and yeast. Bacteria segment is sub-segmented into lactobacillus, bifidobacterium and streptococcus and enterococcus. Yeast segment is sub-segmented into saccharomyces cerevisiae, saccharomyces boulardi and e-coli.
- On the basis of form, the global probiotic ingredients market is segmented into dry and liquid.
- On the basis of end user, the probiotic ingredients market is segmented into human and animal.
Probiotic Ingredients Market Country Level Analysis
The probiotic ingredients market is analyses and market size, volume information is provided by country, application, source, form and end user as referenced above.
The countries covered in the probiotic ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe region dominates the probiotic ingredients market and will continue to flourish its trend of dominance during the forecast period owing to the high awareness regarding probiotic usage, and easy availability of products. Asia-Pacific is set to register the highest CAGR owing to the rising consumer awareness about the health benefits of probiotics and prebiotics, growth and expansion of food and beverages industry, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the probiotic ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Probiotic Ingredients Market Share Analysis
The probiotic ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to probiotic ingredients market.
The major players covered in the probiotic ingredients market report are DSM, DuPont., Kerry., Lallemand Inc., Chr. Hansen Holding A/S, Yakult Honsha Co., Ltd, Nestlé, MORINAGA & CO., LTD., BioGaia AB, Protexin, Daflorn Probiotics UK. , DANONE, Deerland Enzymes, Inc., UAS Laboratories, Probi, glacbiotech Co., Ltd., Biena Snacks., Advanced Enzyme Technologies., Orffa and Associated British Foods plc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.