Probiotic Ingredients Market: Rising Demand for Probiotic-Fortified Food and Beverages

Consumers are becoming more health-conscious and paying more attention to their lifestyles and diets, resulting in a boom in demand for probiotic-fortified foods and beverages worldwide. To suit consumer demand, food manufacturers are developing various new products with instructions and pictures in response to the current healthy eating trend. For instance, Yakult Honsha, a Japanese company, launched a probiotic dairy drink in 1955, which was dismissed by several industry experts; however, currently, it's the world's largest probiotic dairy brand found in Asia Pacific, Europe, and North Americas, which is driving the growth of market.

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The probiotic ingredients market is expected to grow from US$ 3,493.42 million in 2021 to US$ 6,060.51 million by 2028; it is expected to grow at a CAGR of 8.2% from 2022 to 2028.

Probiotics are live microorganisms that provide health benefits when consumed, generally by improving or restoring the gut flora. Probiotics are considered generally safe to consume. Probiotics play a significant role in preventive healthcare as they prevent the occurrence of diseases by strengthening the immune system. Thus, rising awareness regarding preventive healthcare is expected to boost the market growth over the forecast period.

Key players operating in the probiotic ingredients market are ADM; Novozymes A/S; Chr. Hansen Holding A/S; Kerry; Lallemand Inc.; IFF Nutrition & Biosciences; AngelYeast Co., Ltd.; Probiotical S.p.A.; Adisseo; and Probi. These key players of probiotic strains and cultures are adopting product innovation strategies and investing in business expansions to meet the rising demand for probiotics among various end-use industries.

In 2021, manufacturers were allowed to operate with full capacity and could overcome the demand and supply gap. Consumers are prioritizing their health and actively searching for healthy alternatives and fitness activities to prevent lifestyle-related illnesses. Retail stores, grocery stores, and supermarkets were permitted to operate within a given time limit, aiding the growth of the market.

Report Spotlights

Progressive industry trends in the probiotic ingredients market to help players develop effective long-term strategies

Business growth strategies adopted to secure growth in developed and developing markets
Quantitative analysis of the probiotic ingredients market from 2022 to 2028

Estimation of global demand for probiotics

Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry

Recent developments to understand the competitive market scenario

Market trends and outlook, and factors governing the growth of the probiotic ingredients market

Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth

Size of the probiotic ingredients market at various nodes

Detailed overview and segmentation of the market and the probiotics industry dynamics

Size of the growth in various regions with promising growth opportunities

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