Probiotic Ingredients Market By Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), By Source (Bacteria and Yeast), By Form (Dry and Liquid), By End User (Human and Animal) and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI490222 | Publish Date: March 2024 | No. of Pages: 170

Probiotic Ingredients Market Overview

Probiotic Ingredients Market was valued at USD 3 Billion in 2024 and is projected to grow at a CAGR of 21.50% to reach USD 17.5 Billion by 2034.

Probiotics contain of both bacteria and yeast. Probiotic bacteria can include lactobacillus and bifidobacterium probiotics and this bacteria is used to make yogurt, although other probiotics are often added to help maintain the balance of bacteria is useful to support a healthy digestive tract and immune system. Probiotic is identified in a specific strain, which contain the genus, species, subspecies and alphanumeric strain designation.

The seven main species of microorganisms is used in probiotic products are Lactobacillus, Bifid bacterium, Saccharomyces, Streptococcus, Enterococcus, Escherichia, and Bacillus. Popularizing the use of probiotic ingredients in almost all F&B segments, including but not limited to child, nutrition, cultured dairy products, bakery and candy store, breakfast solutions and snacks and bars. In recent times, increasing reliance on dietary supplements, personal care and cosmetics, and animal feed in Probiotic ingredients have created new opportunities for manufacturers. The increase in the consumption of probiotic products such as yogurt is driving the demand for food and beverages. 

Probiotic Ingredients Market Report

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Probiotic Ingredients Market Drivers & Restraints

Growth of Probiotic ingredients

Probiotics are bacteria that help keep balance of organisms (microflora) in the intestines. The normal human digestive system contains about 400 types of probiotic bacteria, this bacteria is reduce the growth of harmful bacteria and raise a healthy digestive system. Lactobacillus is one of the most important probiotics present in foods and is considered a useful remedy for many disorders including diarrhea, skin disorders, lactose intolerance and others. As a result, rising demand for probiotic ingredients from food and beverages and nutraceuticals are the major factors driving the growth of the global probiotic ingredients market due to various health benefits offered by such ingredients.

Technological advancement

Probiotic contain variety of microorganisms present but this bacteria belong to groups called Lactobacillus and Bifidobacterium. There are many other bacteria that are being used and also yeasts such as Saccharomyces boulardii, which is also commonly used. Apart from traditional food types (yogurt and pickles) with advances in biotechnology, Manufactures involved in probiotic ingredients market are developing advance version of their product due to new age technological advancement. Biochemical testing and culture techniques  is the standard microbial technology is  used in probiotic microbes screening, identification and selection Immobilization of probiotics is an field of food technology that has developed  in the past decade. The most common application of probiotic immobilization technology is the controlled and continuous delivery of cells to the intestine. A potential advantage of this therapeutic strategy is maintaining greater cell viability

Restraints:

Growing demand for probiotic ingredients in dietary supplements, due to its properties to help improve immune health, digestion and absorption and synthesis of vitamins, minerals and essential fatty acids, and increasing investment in R&D by various companies to broaden the application base are other important factors. Supporting the growth of the global probiotic ingredients market.

Increasing demand for yogurt, cheese and baked goods as well as increasing incidence of diabetes and chronic heart diseases have fueled the market demand for probiotic ingredients. In addition, multi-functional development of probiotic ingredients is driving the demand for this market.

Probiotic Ingredients Market Segmentations & Regional Insights

On the basis of Application, the Probiotic Ingredients Market is segmented into Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition. On the basis of Source, the Probiotic Ingredients Market is segmented into Bacteria and Yeast. On the basis of Form, the Probiotic Ingredients Market is segmented into Dry, Liquid. On the basis of End User, the Global Probiotic Ingredients Market is classified into Human and Animal, the market is classified into dry and liquid form. Dry form is expected to dominate the market during the forecast period due to lower cost of transportation compared to liquid form. The dry form of probiotic ingredients has a longer shelf-life, making it preferred by manufacturers and suppliers.

Regional Insights:

On region the Probiotic Ingredients Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The highest market share belonged to Asia Pacific. With the growing need for medicines and nutraceuticals, the probiotics market in the Asia-Pacific region is expanding quickly. The COVID-19 epidemic increased demand for vitamins and nutritional supplements in Asia and the Pacific. For instance, since the epidemic began, individuals have been more concerned about their health, and customers are looking for goods that will improve their immunity, like ginseng or vitamin C. The market for probiotic components in the region is anticipated to increase at a faster rate during the projected period as a result of these factors.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Application-Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition

By Source – Bacteria & Yeast

By Form – Dry, Liquid

By End User – Human, Animal

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Probiotic Ingredients Market report based on Application, Source, Form and Region:

Probiotic Ingredients Market, By Application:

  • Functional Foods & Beverages
  • Pharmaceuticals
  •  Animal Nutrition

Probiotic Ingredients Market, By Source:

  • Bacteria
  • Yeast

Probiotic Ingredients Market, By Form:

  • Dry
  • Liquid

Probiotic Ingredients Market, By End User:

  • Human
  • Animal

Probiotic Ingredients Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Probiotic Ingredients Market Competitive Landscape & Key Players

The key players operating the Global Probiotic Ingredients Market includes Probi, Deerland Enzymes, Biena, Lallemand, Kerry Inc, Uas Laboratories, Bio-Cat Microbials, Sabinsa Corporation, Thera-Plantes Inc, and Probiotic America.

In March 2022, Bio-Cat Microbial invest $35 Million to expand fermentation capacity Microbial ingredient manufacturer Bio-Cat is investing $35 million to expand its Troy, VA, facility to add fermentation capacity. The company uses fermentation to produce microbial ingredients for numerous industries, including dozens of proprietary Bacillus microbial strains for the human probiotic, production and companion animal and crop science markets.

Probiotic Ingredients Market Company Profile

FAQs

The Probiotic Ingredients Market is segmented into basis of on Application, Source, Form, End User and Region.

Rising demand for probiotic ingredients from food and beverages and nutraceuticals are the major factors driving the growth of the global probiotic ingredients market due to various health benefits offered by such ingredients.

By region, The highest market share belonged to Asia Pacific. With the growing need for medicines and nutraceuticals, the probiotics market in the Asia-Pacific region is expanding quickly.

The Key players operating in the Probiotic Ingredients Market includes Probi, Deerland Enzymes, Biena, Lallemand, Kerry Inc, Uas Laboratories, Bio-Cat Microbials, Sabinsa Corporation, Thera-Plantes Inc, and Probiotic America.