2016 - 2026
Need a report that reflects how COVID-19 has impacted this market and its growth?
The global probiotic ingredients market was valued at USD 4,053.77 million in 2020, and it is projected to register a CAGR of 3.58% during the period of 2021-2026.
With the impact of COVID-19, the market has witnessed a surge in demand for products that enhance immune health, which is likely to boost the application of probiotic ingredients and impact the market positively. Owing to such factors, there have been significant product launches to cater to the growing demand.
COVID-19 is known to affect humans as well as some human microbiome bacterial species simultaneously, acting as a bacteriophage. All major COVID-19 treatment regimens include medicines with antibacterial properties. Antibacterial effect of the used drugs ensures elimination or suppression of BB animalis ssp.lactis colonies in the human host organism, and also offers potential for probiotic use.
Easy availability of information pertaining to preventive healthcare on the internet is contributing favorably to the rising awareness of probiotic products, in turn, driving the market of probiotic ingredients.
The versatility of the culture in terms of application offers opportunities for research and innovation for players. The manufacturers are expanding their product portfolio by launching cultures in easily incorporable forms. Partnerships between the ingredient companies and the consumer-focused probiotic manufacturers is helping launch new products in the consumer world.
However, due to stringent regulations relating to the use of probiotics in infant formula, nutraceuticals, and dietary supplements, the market is expected to witness growth being restricted to a certain extent.
Scope of the Report
Probiotics are live microorganisms promoted with claims that they provide health benefits when consumed, generally by improving or restoring the gut flora. The global probiotic ingredients market is segmented by type such that into bacteria, and yeast. Based on the application, probiotic ingredients are differentiated by their use in food & beverages, dietary supplements, and others. The market is also diversified based on geography into North America, Europe, Asia Pacific, South America, and Middle East and Africa regions. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
|Food & Beverages|
Key Market Trends
Higher and Diverse Application in Nutraceuticals
The demand for probiotic ingredients is primarily driven by increasing application in nutraceuticals, such as fortified food and beverage products, and dietary supplements.
As per data by Packaged Facts, the consumption of probiotic dietary supplements was the highest among the age group of 18-34 years, highlighting their changing mindset toward staying fit and healthy. It can also be concluded that young Americans do not want to suffer at an old age, unlike their elders.
Therefore, they are taking preventive measures to avoid health complications from their earlier years. Therefore, the producers of probiotic supplements are capitalizing on the application, formulation, and therapeutic expansion to other health benefits, apart from the mainstream, to regulate sales. This, in turn, is increasing the application of probiotics in food and beverage products.
To understand key trends, Download Sample Report
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 food and beverages.
Additionally, Brazilians give emphasis on a better digestive system, which encourages them to buy dietary supplements. Due to this, manufacturers are expanding their presence in the country to cater to the growing demand and achieve a competitive advantage in the market. For instance, Probi, a global probiotic solution company, signed a distribution agreement with Laboratório Daudt (a Brazilian pharmaceutical company). Under the agreement, Daudt agreed to launch the probiotic supplement, Probi Mage, in the Brazilian market.
To understand geography trends, Download Sample Report
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, and DuPont are some major players operating in the market studied that hold dominant positions in the market, closely followed by Advanced Enzyme Technologies and Lantmannen, among others.
The key market players have vast product lines and a geographical reach that give them an edge over their competitors. However, many small- and medium-sized local players also hold a significant position in the market. The level of demand for these probiotic ingredients to be applied in food and beverage and animal feed products 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 increasingly spreading their market dominance
- In November 2020, Ireland’s Kerry Group acquired the Quebec family-owned biotechnology company, Bio-K+ International Inc., allowing the Bio-K+ brand to expand globally, through Kerry. This expanded the probiotic ingredients portfolio of Kerry.
- In October 2020, Royal DSM, a global science-based company in nutrition, health, and sustainable living, announced the completion of its acquisition of Erber Group for an enterprise value of EUR 980 million. DSM acquired Erber Group’s Biomin and Romer Labs.
- In July 2019, Dupont invested USD 100 million on the launch of its new probiotics fermentation unit in Rochester, New York. The unit is described as being the world’s largest fermenter for probiotics production.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.2 By Application
5.2.1 Food & Beverages
5.2.2 Dietary Supplements
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle East and Africa
220.127.116.11 South Africa
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Kerry Inc.
6.4.2 Chr. Hansen Holding AS
6.4.3 Koninklijke DSM NV
6.4.4 DuPont de Nemours Inc.
6.4.5 Lallemand Inc.
6.4.6 Associated British Foods plc
6.4.8 Deerland Probiotics & Enzymes Inc.
6.4.9 Advanced Enzyme Technologies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
You can also purchase parts of this report. Do you want to check out a section wise price list?
Frequently Asked Questions
What is the study period of this market?
The Probiotic Ingredients Market market is studied from 2016 - 2026.
What is the growth rate of Probiotic Ingredients Market?
The Probiotic Ingredients Market is growing at a CAGR of 3.58% over the next 5 years.
Which region has highest growth rate in Probiotic Ingredients Market?
South America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Probiotic Ingredients Market?
Europe holds highest share in 2020.
Who are the key players in Probiotic Ingredients Market?
- Kerry Inc.
- Chr. Hansen Holding A/S
- Koninklijke DSM NV
- Lallemand Inc
Are the major companies operating in Probiotic Ingredients Market.