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Probiotic Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Probiotic Ingredients Market is Segmented by Type (Bacteria and Yeast); Application (Foods and Beverages, Dietary Supplements, and Animal Feed), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecasts for probiotic ingredients (in USD million) for the above-mentioned segments.

Market Snapshot

 Global Probiotic Ingredients Market Overview
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: South America
Largest Market: Europe
CAGR: 4.4 %

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Market Overview

The probiotic ingredients market was valued at USD 4,963.5 million in 2021, and it is projected to register a CAGR of 4.40% during the forecast period (2022-2027).

With the impact of COVID-19, the market has witnessed a surge in demand for products that enhance immune health. COVID-19 is known to affect humans and some human microbiome bacterial species simultaneously, acting as a bacteriophage. All major COVID-19 treatment regimens include medicines with antibacterial properties. The antibacterial effect of the used drugs ensures elimination or suppression of BB animalis ssp.lactis colonies in the human host organism and offers potential for probiotic use. This factor is likely to boost the demand for probiotic ingredients positively, thereby propelling the growth of the market over the forecast period.

The easy availability of information pertaining to preventive healthcare on the internet has been contributing favorably to the rising consumer awareness about probiotic products, which in turn, has been driving the market growth.

The key players in the market have been expanding their product portfolios by launching probiotic strains and cultures in easily incorporable forms. Partnerships between ingredient manufacturers and consumer-focused probiotic manufacturers have helped launch new products in the market.

However, stringent regulations pertaining to the use of probiotics in infant formula, nutraceuticals, and dietary supplements, among others, are expected to restrain the growth potential of the market in the coming years.

Scope of the Report

Probiotics are live microorganisms marketed with health claims, including claims to improve or restore gut flora. The probiotic ingredients market is segmented by type into bacteria and yeast. Based on application, probiotic ingredients are differentiated by their use in foods and beverages, dietary supplements, and animal feed. The market is also diversified based on geography into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Type
Bacteria
Yeast
By Application
Foods and Beverages
Dietary Supplements
Animal Feed
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
Spain
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Higher and Diverse Application in Nutraceuticals

The demand for probiotic ingredients is primarily driven by increasing application in nutraceuticals, fortified food and beverage products, and dietary supplements. As per data by Packaged Facts, the consumption of probiotic dietary supplements in the United States was the highest among the age group of 18-34 years, highlighting their changing mindset toward staying fit and healthy to avoid health complications in their later earlier years. Therefore, the producers of probiotic supplements have been capitalizing on the application, formulation, and therapeutic expansion to other health benefits, apart from the mainstream, to regulate sales. This, in turn, has been boosting the demand for probiotic ingredients, thus, propelling the growth of the market over the review period.

Probiotic Ingredients Market1

Increasing Application of Probiotic Ingredients in South America

The South American market has witnessed significant growth due to the increasing demand for health and wellness products, coupled with the rise in awareness among consumers for functional foods and beverages.

Brazilians have been observed to place a high emphasis on improving digestive health, and this factor has led to an increase in demand for dietary supplements. Owing to this factor, the key manufacturers in the market have been focused on expanding their presence in the country to cater to the growing demand and achieve a competitive advantage in the market. Moreover, the players have been innovating and launching products for approval from regulatory authorities to cater to the demand of end-use industries. For instance, in 2020, Kerry’s probiotic ingredient, GanedenBC30, received a digestive health claim approval from the Brazilian F&B health agency, ANVISA.

Probiotic Ingredients Market2

Competitive Landscape

The market is competitive with the presence of numerous local and international players competing for a major market share. Kerry Inc., Chr. Hansen Holding AS, Koninklijke DSM NV, Lallemand Inc., and DuPont de Nemours Inc. are some of the major players holding dominant positions in the market studied. Other players that have a significant presence in the market include Advanced Enzyme Technologies and Lantmannen. ​​

The key market players have diverse product lines and a vast geographical reach that gives them an edge over their competitors. However, many small- and medium-sized local players also hold a significant position in the market. The rising level of demand for probiotic ingredients due to their growing incorporation in foods and beverages and dietary supplements has led to the rise of small domestic players, who have a higher penetration rate across agrarian economies. As a result, domestic players have a significant level of supplies and concrete sourcing practices, with know-how on regional production capabilities, and have been increasing their market presence.

Recent Developments

  • In November 2021, the Archer Daniels Midland Company acquired Deerland Probiotics & Enzymes, a leader in probiotic, prebiotic, and enzyme technology, with global sales and manufacturing in the United States and Europe. The acquisition will help ADM use Deerland’s capabilities and portfolio to deliver synergies for its Health and Wellness business and support its growth across the Nutrition business unit.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Bacteria

      2. 5.1.2 Yeast

    2. 5.2 By Application

      1. 5.2.1 Foods and Beverages

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Animal Feed

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 Spain

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Positioning Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Kerry Inc.

      2. 6.3.2 Chr. Hansen Holding AS

      3. 6.3.3 Koninklijke DSM NV

      4. 6.3.4 DuPont de Nemours Inc.

      5. 6.3.5 Lallemand Inc.

      6. 6.3.6 Associated British Foods PLC

      7. 6.3.7 Nutris

      8. 6.3.8 Deerland Probiotics & Enzymes Inc.

      9. 6.3.9 Advanced Enzyme Technologies

      10. 6.3.10 Orffa

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Probiotic Ingredients Market market is studied from 2016 - 2027.

The Probiotic Ingredients Market is growing at a CAGR of 4.4% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2021.

Kerry Inc., DuPont, Chr. Hansen Holding A/S, Koninklijke DSM NV, Lallemand Inc are the major companies operating in Probiotic Ingredients Market.

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