The probiotic ingredients market size at the global level is estimated to record a CAGR of 8.8% during the forecast period. The market is expected to grow from USD 3.0 billion in 2020 to reach USD 5.05 billion by 2028.
Probiotics are used to avoid diseases related to the urinary tract, oral health, and bacterial vaginosis. Also, diseases like bowel diseases, respiratory infections, and necrotizing enterocolitis can be prevented with the use of probiotics. Probiotics are categorized as favorable bacteria's advancing the healthy functioning of the gut. Probiotics are live microorganisms providing health assets to humans when consumed in adequate quantities.
Probiotics assist in advancing the healthy balance of gut bacteria with an extended range of health benefits. Probiotics are generally combined with foods as a part of the fermentation process. The popularity of probiotic ingredients is increasing together with digestive health increasing their use in the nutritional supplements market.
The widespread knowledge, easy availability in the retail stores, and rising product launches drive the market growth.
The majority of the producers are expanding their investments in research and developments in dietary supplements and increasing knowledge about preventive healthc99are. The probiotic ingredients are adopted exclusively in infant formula propelling the market. The demand for fortified food in consumers with health-conscious escalate the probiotic ingredients market growth.
In addition to the availability of medical health supplements, consumers choose probiotic dairy products like ice cream, yogurt, and cheese to consume good bacteria. Also, probiotic ingredients are used for varied skin inflammatory diseases like eczema and atopic dermatitis fuel the market growth throughout the timeframe.
However, the price of the finished product is expensive because of its production.
Recent Market Developments
The global probiotics ingredients market is segmented and sub-segmented based on application, source, form, and end-user.
The pharmaceutical application is expected to obtain the largest share during the forecasted period. The probiotic ingredients are used in producing probiotics for treating or preventing health diseases like IBS, ulcerative colitis, and diarrhea.
All the same, the functional food and beverages segment is envisioned to grow with the highest growth rate throughout the foreseen period. The rising awareness regarding the health assets by the good bacteria from the probiotics ingredients surge the segment growth globally.
The bacteria source accounted for the largest share in the market in 2017. The bacterial strains in probiotic foods offer health assets like developed immunity of Lactobacilli, prevention of diarrhea, risen lactase production, and prevention of irritable bowel syndrome (IBS).
In the bacteria segment, the Lactobacillus segment leads the market. Lactobacillus acidophilus NCFM and Bifidobacterium animalis lactis Bi-07 strains are used to cure a cold. Lactobacillus reuteri RC-14 and Lactobacillus rhamnosus GR-1 are most efficient and effective for treating vaginal infections.
The yeast segment is projected to grow with the highest CAGR value during the forecasted period. The demand for Saccharomyces boulardi is increasing which is a common, non-hazardous, and tropical yeast with some advantageous effects on human intestinal health.
The dry form segment dominates the probiotic ingredients market. The dry form segment growth owes to less price in transportation compared to liquid form. The dry form of probiotics has a higher shelf-life with which it is chosen by suppliers and manufacturers.
Liquid probiotics are used for producing buttermilk and yogurt.
The human end-user accounts for the largest share throughout the foreseen period. The probiotic strains are used in feed to intensify the efficacy of the nutrients and exhibit their effects on the gut by assisting in better digestion and decreasing the burden of pathogenic bacteria causing varied diseases in animals. Developments in oral probiotics have contributed majorly to the human probiotics segment.
The animals can grow best as the feed is modified in terms of quality and savoriness because of its added probiotic content. Probiotic strains intend to take care of deficiencies of the natural microflora and offer animals superior resistance against diseases.
Asia-Pacific dominated the probiotic ingredients market with the largest market share during the forecasted period. Consumers are more aware of the nutritional values of the probiotic ingredients with rising expenditure on dietary supplements. China and India are the emerging economies in Asia-Pacific. The key manufacturers of the market are expanding the region's growth.
Europe is said to hold the second-largest region in the probiotic ingredients market. Europe has appeared as one of the largest probiotic ingredients markets in 2018. Consumers are more aware of gut and immune health. Frequently occurring gut-related diseases, and the existence of older adults across the region accelerate the market.
The animal probiotic ingredients consumption is hiking which propels the market expansion further. For example, Royal DSM, a Netherlands science-based company, acquired Biocare Copenhagen A/S in 2017. The primary intention of the acquisition is to broaden the product offerings of gut health ingredients.
The probiotic ingredients market in North America is fragmented and the degree of fragmentation accentuates throughout the foreseen period. Because of the high exposure to mass media outlets, consumers are gaining more knowledge about probiotic ingredients.
Most of the probiotic ingredient applications are either found in foods or dietary supplements in the U.S. Dietary supplements consumption is on the rise in the country. In this sense, probiotic ingredients are used in different forms like dry, liquid, capsules, tablets, and powders and are consumed extensively.
The demand for nutritious products and the popularity of probiotics are fascinating to the food and supplement product manufacturers drive Latin America. Consumers are highly preferring natural products influencing the market growth.
The Middle East and African regions are anticipated to have remarkable growth in the upcoming years. The growth in the food and beverage sector led to the consumers growing expenses and favorable government assistance snowball the market in MEA.
Kerry Group (Ireland), DowDuPont (US), CHR Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), 19Lallemand (Canada), UAS Laboratories (US), Biena (Canada) are some major players in the global probiotic ingredients market.
The novel coronavirus (COVID-19) has originated in Wuhan, China, in December 2019. The SARS-CoV-2 reagent is the cause of the sudden eruption of the infectious disease. The infectious disease has spread across the world affecting the global economy.
With the impact of the COVID-19 pandemic, the market for probiotic ingredients has a positive impact. The demand for the products is increasing during the forecasted period advancing the immune health favoring the market growth. The significant product launches are likely to meet the rising demand for the market.
Chapter 1. Probiotic Ingredients Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Probiotic Ingredients Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Probiotic Ingredients Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Probiotic Ingredients Market - Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Probiotic Ingredients Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Probiotic Ingredients Market – By Product
6.4. Flavors& Salts
Chapter 7. Global Probiotic Ingredients Market – By Application
Chapter 8. Global Probiotic Ingredients Market -- Market Size, Forecast, Trends & Insights
8.1. North America
8.2.7. Rest of Europe
8.3. Asia Pacific
8.3.2. South Korea
8.3.5. Australia & New Zealand
8.3.6. Rest of Asia-Pacific
8.4. Rest of the World
8.4.1. Middle East
8.4.3. South America
Chapter 9. Global Probiotic Ingredients Market Size – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
9.1. Company 1
9.2. Company 2
9.3. Company 3
9.4. Company 4
9.5 Company 5
9.6. Company 6
9.7. Company 7
9.8. Company 8
9.9. Company 9
9.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.