Probiotic Ingredients Market Landscape Analysis and Future Prospects 2024 - 2031 | Kerry Inc., Chr. Hansen Holding AS

Market Overview:

The global probiotic ingredients market is projected to reach around US$ 7016.8 Billion by 2030, in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2023-2030).

Market Dynamics:

The probiotic ingredients market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, the rising health consciousness among consumers has increased the demand for probiotic supplements and fortified food & beverages. Probiotics are believed to enhance digestive health, boost immunity, and reduce risks of colon cancer. Secondly, the growing packaged food industry is utilizing probiotic ingredients in various food products such as yogurt, kefir, sauerkraut, kimchi, etc. to offer associated health claims which is supporting the market growth. Furthermore, advancements in microbiome therapeutics and ongoing clinical trials exploring the role of probiotics in managing lifestyle diseases will expand the application scope of probiotic ingredients over the coming years.

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Rising Health Consciousness Among Consumers is Driving Demand for Probiotic Ingredients

Consumers are becoming increasingly conscious about their health and wellness. The health benefits of probiotics such as digestive health support, immunity boosting and weight management are well documented. More people are incorporating probiotic supplements and foods into their daily routine to avail these benefits. This growing health consciousness is a major market driver as it is generating greater demand for probiotic ingredients that are used to manufacture these supplements and food products. Manufacturers are leveraging this consumer trend by launching newer probiotic products in various forms such as pills, yogurt drinks etc. backed by clinical research on strain selection and dosage.

Rising Interest in Plant-Based Probiotics Present High-Growth Opportunity

Traditionally, probiotic supplements were animal-derived using dairy cultures. However, expanding vegan demography worldwide is driving demand for plant-based alternatives. There is growing research on identifying probiotic attributes in various fruits, vegetables, cereals and herbs. Microbes isolated from plants show potential for gut, immune and skin health benefits. Developing commercially feasible techniques to cultivate and standardize concentrations of novel plant probiotics can help manufacturers expand into new product categories like plant-based drinks, edible powders and topicals. This presents a lucrative opportunity to cater to the burgeoning vegan and flexitarian consumer base with sustainable and ethical probiotic options.

Focus on Strain-Specific Efficacy Will Shape Future of the Industry

Earlier probiotic products relied on a broader category claim of gut health. However, with advancing research, health benefits are now being associated with specific microbial strains for conditions like IBS, IBD, allergy, obesity etc. Manufacturers are zeroing in on clinically validated individual strains and their Minimum Inhibitory Concentrations in formulations. Customized multi-strain blends targeted at condition-specific outcomes will dominate future product development. Ingredients producers need to refine isolation techniques, undertake long-term stability and gastrointestinal survivability testing for unique strains to differentiate in the competitive market. This focus on strain-level evidence, functionality and customized efficacy will be a major trend reshaping the probiotic ingredients landscape.

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Top Companies Included in This Report:

★ Kerry Inc.
★ Chr. Hansen Holding AS
★ Koninklijke DSM NV
★ DuPont De Neumors Inc.
★ Lallemand Inc.
★ Associated British Foods PLC
★ Nutris
★ Archer Daniels Midland Company
★ Advanced Enzyme Technologies
★ Orffa

Market Segmentation:

Based on Product Type:

★ By Type: Bacteria, Yeast, Spore Formers

Based on Applications:

★ By Application: Food and Beverage, Dietary Supplements, Animal Feed

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Latest Trends in the Navigation Probiotic Ingredients Market:

💡 Surging Demand: Witness a rising demand for navigation Probiotic Ingredients owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Probiotic Ingredients, encompassing real-time traffic updates, 3D mapping, and augmented reality.

💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Probiotic Ingredients solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.

💡 Fusion with Emerging Technologies: Observe the integration of navigation Probiotic Ingredients with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.

💡 Rise of Mobile Applications: Experience the proliferation of navigation Probiotic Ingredients in the form of mobile applications, offering enhanced convenience and accessibility to users.

💡 Emphasis on Environmental Sustainability: Witness the development of navigation Probiotic Ingredients systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.

Frequently Asked Questions (FAQs) for Global Navigation Probiotic Ingredients Market Research:

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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

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