Market Size of Probiotic Ingredients Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.41 Billion |
| Market Size (2029) | USD 6.71 Billion |
| CAGR (2024 - 2029) | 4.40 % |
| Fastest Growing Market | South America |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Probiotic Ingredients Market Analysis
The Probiotic Ingredients Market size is estimated at USD 5.41 billion in 2024, and is expected to reach USD 6.71 billion by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
Consumers of all ages consume probiotics, which are a driving force within the booming digestive health supplements category. High consumption is observed among millennials due to the growing awareness regarding health and wellness through multi-channel publicity, which has influenced their consumption pattern to a large extent. Millennials, who are technologically advanced, update themselves with tips and information about health and, therefore, try to change their routines and eating habits accordingly. The easy availability of information about preventive healthcare on the internet has been contributing favorably to the rising consumer awareness about probiotic products, which, in turn, has been driving market growth.
The key players in the market have been expanding their product portfolios by launching probiotic strains and cultures in easily incorporable forms. For instance, in August 2021, Chr. Hansen launched a line of three live probiotics, each covering the needs related to a specific life stage of dogs and cats. It includes Chr. Hansen Pet-Prostart, Chr. Hansen Pet-Proessentials, and Chr. Hansen Pet-Provital products. Furthermore, partnerships between ingredient manufacturers and consumer-focused probiotic manufacturers have helped launch new products in the market. However, stringent regulations about the use of probiotics in infant formula, nutraceuticals, and dietary supplements, among others, are expected to restrain the growth potential of the market during the forecast period.
