by Probiotic ingredients are live microorganisms that provide health benefits when consumed. They help improve the gut microbiome and provide relief from digestive issues like constipation, diarrhea, irritable bowel syndrome, and gas. The growing awareness about the significance of gut health and the role of probiotics in maintaining it has increased the demand for probiotic ingredients significantly. 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 key trends:
The increasing focus of consumers on preventive healthcare and immunity boosting foods and beverages is driving the growth of the probiotic ingredients market. Probiotics are known to enhance overall health by balancing gut bacteria. The COVID-19 pandemic has further increased awareness about personal health and hygiene, boosting the sales of probiotic supplements and drinks. Research and development of new probiotic strains is also contributing to the rising popularity of these ingredients. Technologies such as encapsulation help protect probiotic bacteria from harsh conditions in the gut, thereby increasing their effectiveness. These developments are fueling innovative product launches in the market.
SWOT Analysis
Strength: Probiotic ingredients offer various health benefits such as enhanced immune system, improving gut and digestive health which is driving its demand.
Weakness: High operational cost and lack of standardized regulatory framework currently limits the market growth.
Opportunity: Growing health awareness and rising demand for dietary supplements present significant growth opportunities.
Threats: Stringent regulations over health claims and uncertainty over long term efficacy and safety are challenges for the market.
Key Takeaways
The global Probiotic Ingredients Market Share is expected to witness high growth. The market size is projected to reach US$ 5340.5 Bn by 2030 from US$ 735.2 Bn in 2023, registering a CAGR of 4.0% during the forecast period.
Regional analysis: North America dominates the global probiotic ingredients market currently. It accounts for over 35% of the global market share mainly due to growing health conscious population. Asia Pacific is expected to witness fastest growth over the forecast period led by rise of middle-income groups and their increasing expenditure on dietary supplements in countries like India and China.
Probiotic Ingredients Market
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. Majority of players are investing in R&D activities to develop clinically validated and novel strains of probiotic ingredients with strain specific functionality.
