Probiotic Ingredients Market Analysis by Emerging Trends, Size, Share, Future Growth, Current Statistics, Brand Endorsements and Global Industry Forecast till 2023

Market Scenario

Probiotic Ingredients are witnessing a high growth in the pharmaceuticals and food & beverage industry due to the health benefits offered by them. Probiotic ingredients are gaining popularity and are used in various dietary supplements. The market is experiencing a rise in its growth owing to the increasing demand for probiotic ingredients due to its nutritional values. Probiotics are living microorganisms that are usually consumed through fermented supplements or foods.

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The market players are focusing on their R&D activities to launch new and innovative products with probiotic ingredients, as there is an increasing demand for the probiotic foods and supplements. Probiotics promote healthy balance of good bacteria, which in turn, leads to proper digestive health, weight management and healthy immune function. In addition, the players are also focusing on making such products accessible and visible to the customers across the globe.

Segmentation

The global probiotic ingredients market has been segmented based on form, source, application, and region.

By form, the global probiotic ingredients market has been classified as dry and liquid.

By source, the global probiotic ingredients market has been classified as bacteria and yeast.

The global probiotic ingredients market has also been segregated, on the basis of application, into functional food, functional beverages, pharmaceuticals, and others.

The global Probiotic Ingredients market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

The North American Probiotic Ingredients market has further been segmented into the US, Canada, and Mexico. The European Probiotic Ingredients market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The Probiotic Ingredients market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The Probiotic Ingredients market in the rest of the world has been segmented into South America, the Middle East, and Africa.

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Regional Market Summary

Asia Pacific is expected to dominate the probiotic ingredients market during the forecast period. The region’s dominance can be attributed to various factors such as the presence of several market players, increasing awareness regarding health benefits of probiotic foods among consumers. Probiotic ingredients have several health benefits, which leads to its usage in treating digestive issues, and reduces severity of Eczema and certain allergies. and also help in improve mental health conditions. Increasing usage of probiotic ingredients in animal feed and pharmaceuticals, by European manufacturers is expected to render a significant share of the market to Europe during the upcoming years. However, North America is anticipated to register the highest CAGR due higher inclination of consumers towards trying new products with probiotic ingredients, due to growing awareness about benefits such as reduction of bad cholesterol and blood pressure in the body. Thus, manufacturers are trying to launch new products, which contain high amount of these probiotic ingredients.

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This release was published on openPR.