Lactic Acid Bacteria Market Set to Achieve 6.1% CAGR, Reaching USD 2,112.5 Million by 2034

The global market for lactic acid bacteria (LAB) is anticipated to reach USD 1,163.6 million by 2024, with strong growth expected in the following years. With a projected CAGR of 6.1%, the market could expand to USD 2,112.5 million by 2034.

This growth is driven by a variety of factors, including increasing consumer awareness, broadening applications, advancements in technology, and supportive regulatory frameworks. Additionally, the rising demand for natural and clean-label food products is contributing to the market's expansion.

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Consumers are actively seeking minimally processed, additive-free options. LAB plays a crucial role in the fermentation of foods and beverages, offering a natural means of preservation and flavor enhancement. This aligns well with the clean-label trend.

LAB strains are used as probiotics in several products to support digestive health and immunity. Additionally, lactic acid bacteria are pivotal in industrial processes, contributing to lactic acid production.

The emergence of personalized nutrition is expected to drive the lactic acid bacteria market further. Tailoring probiotics and fermented foods to individual needs based on gut microbiome analysis is becoming more prevalent.

The development of novel delivery formats for lactic acid bacteria, such as capsules, powders, and fortified foods, is expected to surge market demand. This allows consumers to incorporate lactic acid bacteria into their daily routines conveniently. Regulatory bodies are increasingly involved in setting standards and guidelines for probiotics and health claims associated with LAB.

Key Takeaways from the Report-

The global lactic acid bacteria market is expected to reach a market valuation of US$ 2,112.5 million in 2034.
The market is projected to surge at a CAGR of 6.1% over the forecast period.
The United States is projected to have a market valuation of US$ 815.4 million in 2034.
Functional beverages are expected to dominate the lactic acid bacteria market with a market valuation of US$ 733.0 million in 2034.
Germany is projected to reach a market valuation of US$ 287.3 million in 2034.
India is estimated to have a value CAGR of 12.4% during the forecast period.

"Key trends driving market growth include the increasing use of lactic acid bacteria in pharmaceuticals, the growing popularity of fermented foods & beverages, and rising demand for functional drinks and plant-based products. Additionally, the integration of lactic acid bacteria in personalized nutrition and the development of novel delivery formats are expected to propel the market's expansion further," says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Mergers and acquisitions offer businesses several advantages by pooling resources, expertise, and customer bases, enabling access to new technology, distribution channels, manufacturing facilities, and talent. This synergy boosts operational efficiency, reduces costs, and expands market reach. Simultaneously, leading players are directed toward launching new products to meet evolving consumer demands, stay competitive, attract and retain customers, and increase market share.

In 2023, Nissin introduced Bifidobacterium N708 Tablets and Bifidobacterium N61 Tablets, targeting gut health and cognitive function.
In March 2022, Duo Maomao, a new generation of children's food and beverage brands, introduced a lactic acid bacteria fermented fruit juice beverage.

Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.

The study incorporates compelling insights on strain type (Lactobacillus, Bifidobacterium, Bacillus licheniformis, Lactococcus lactis, Streptococcus, Pediococcus acidilactici and Enterococcus faecium), end-use application (functional beverages, dairy, sauerkraut, kimchi, sourdough bread, alcoholic beverages, carbonated soft drinks, baby food, infant formula, bakery, confectionery, savory snacks, fruit preparations, sweet spreads, meat, seafood products, plant-based products, ready meals, instant food and sauces, dressings, seasoning), functionality (fermentation enhancer, preservative, acidifier, taste enhancer, probiotic health benefits, textural enhancements, flavor development, improved nutritional profile, pH control, starter cultures, reduction of antinutrients and production of bioactive compounds), and region.

Get the full report for in-depth insights. https://www.futuremarketinsights.com/reports/lactic-acid-bacteria-market

Lactic Acid Bacteria Market Segmentation

By Strain Type:

Lactobacillus
Lactobacillus Rhamnosus
Lactobacillus Acidophilus
Lactobacillus Reuteri
Lactobacillus Paracasei
Lactobacillus Casei
Lactobacillus Plantarum
Others (Lactobacillus Gasseri, Latilactobacillus Sakei, Lactobacillus Bulgaricus)
Bifidobacterium
Bifidobacterium Infantis
Bifidobacterium Lactis
Bifidobacterium Longum
Bacillus Licheniformis
Bacillus Subtilis
Bacillus Coagulans
Bacillus Amyloliquefaciens
Others(Bacillus Licheniformis)
Lactococcus Lactis
Streptococcus
Pediococcus Acidilactici
Enterococcus Faecium

By End-use Application:

Functional Beverages
Yogurt Drink
Kefir
Buttermilk
Probiotic Smoothies
Fermented Fruit Juices
Kombucha
Fermented Coconut Water
Fermented Vegetable Juices
Probiotic Sports Drinks
Probiotic Shots
Dairy
Spoonable Yogurt
Cheese
Sour Cream
Desserts, Ice-cream
Sauerkraut
Kimchi
Sourdough Bread
Alcoholic Beverages
Carbonated Soft Drinks
Baby Food, Infant Formula
Bakery
Confectionary
Savory Snacks
Fruit Preparations, Sweet Spreads
Meat, Seafood Products
Plant-based Products
Ready Meals, Instant Food
Sauces, Dressings, Seasoning

By Functionality:

Fermentation Enhancer
Preservative
Acidifier
Taste Enhancer
Probiotic Health Benefits
Textural Enhancements
Flavor Development
Improved Nutritional Profile
pH Control
Starter Cultures
Reduction of Antinutrients
Production of Bioactive Compounds

By Region:

North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa

Have a Look at Related Research Reports of Food and Beverage

Lactic Acid Market: https://www.futuremarketinsights.com/reports/lactic-acid-market

Encapsulated Lactic Acid Market: https://www.futuremarketinsights.com/reports/encapsulated-lactic-acid-market

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.