The global Probiotic Ingredients Market is estimated to be valued at US$ 5340.5 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Probiotic ingredients are microorganisms that help in maintaining or restoring healthy balance of gastrointestinal microflora. They enhance gut health, aid digestion and absorption of nutrients, produce vitamins and fight harmful bacteria.
Market key trends:
One of the major trends in the probiotic ingredients market is the rise in use of probiotic yogurt. Probiotic yogurt provides nutritional value and immunity to consumers due to presence of live and active cultures of various probiotic bacteria strains. Probiotic yogurt acts as a beneficial delivery carrier for probiotic bacteria and improves their viability. Additionally, yogurt is easy to manufacture on commercial scale as probiotic bacteria can survive the manufacturing process of yogurt.
SWOT Analysis
Strength: Probiotic ingredients provide various health benefits such as improved digestive health, immunity, and metabolism, which is driving its demand. They help in maintaining a healthy gut microbiome.
Weakness: Lack of clinical trials validating the health claims of different probiotic strains limits the growth of this market. Formulating effective and stable probiotic products is a technical challenge.
Opportunity: Rising awareness about preventive healthcare and focus on gut health is creating growth opportunities. Emerging application areas such as nutraceuticals, animal feed, and personal care open new avenues.
Threats: Stringent regulations associated with new probiotic strain approvals acts as a barrier. Competition from prebiotics market poses threat to the growth.
Key Takeaways
The Global Probiotic Ingredients Market Demand is expected to witness high growth, exhibiting a CAGR of 4.0% over the forecast period, due to increasing awareness about gut and digestive health. Probiotic ingredients support natural microbial balance and provide various health benefits.
Regional analysis: North America dominates the global probiotic ingredients market followed by Europe. Asia Pacific is anticipated to be the fastest growing market due to rising health consciousness. The growing middle-class population with increased propensity to spend on healthy food and beverages will drive the demand in Asia Pacific region.
Key players operating in the probiotic ingredients market are Kerry Inc., Chr. Hansen Holding AS, Koninklijke DSM NV, DuPont De Neumors, Inc., Lallemand Inc., Associated British Foods PLC, Nutris, Archer Daniels Midland Company, Advanced Enzyme Technologies, and Orffa. The major players are investing in research & development of novel probiotic strains and also adopting expansion strategies to increase their market share.
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