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 (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

With a predicted value of US$ 3 billion in 2024 and a compound annual growth rate (CAGR) of 21.50%, the probiotic ingredients market is expected to reach US$ 17.5 billion by 2034.

Probiotics are made up of both yeast and bacteria. Lactobacillus and bifidobacterium probiotics are used to manufacture yogurt; other probiotics are frequently added to assist in maintaining the balance of bacteria, which is beneficial to supporting a healthy immune system and digestive tract. A strain's probiotic is identified by its alphanumeric strain designation, including the genus, species, and subspecies. Probiotic products contain seven primary types of microorganisms: Lactobacillus, Bifida bacteria, Saccharomyces, Streptococcus, Enterococcus, Escherichia, and Bacillus. Gaining traction for using probiotic components in nearly every F&B industry, such as breakfast solutions, nutrition, baked goods, candy stores, and children's products. Recently, a growing dependence on nutritional supplements, individual Probiotic-containing pet food, cosmetics, and personal hygiene have opened up new markets for producers. The rise in the consumption of probiotic goods like yogurt drives the demand for food and drinks.