Food and Beverages

Rising Demand For Probiotic Food And Beverages To Boost The Growth of The Probiotic Ingredients Market

Purvaja

Rising Demand For Probiotic Food And Beverages To Boost The Growth of The Probiotic Ingredients Market

Market Overview:

Probiotic ingredients refer to live microorganisms which provide health benefits when consumed. Probiotic bacteria are used in the production of various fermented food products such as yogurt, cheese, pickles and kefir. They help maintain a balanced gut microbiota and improve gut and digestive health. With rising awareness about the health benefits of probiotics, the demand for probiotic food and beverages is increasing globally. This is driving the growth of the probiotic ingredients market.

Market key trends:

Probiotic yogurts are gaining popularity among health-conscious consumers owing to gut health benefits. Probiotic dairy products contributed over 50% to the global probiotic ingredients market share in 2022. The demand for vegetarian and vegan probiotics is also growing due to rising cases of lactose intolerance. Probiotic supplements for gut and immune health are increasingly being used during the COVID-19 pandemic. Companies are launching new protein-rich probiotic foods for fitness enthusiasts. Technological advancements in microencapsulation have improved survival and stability of probiotic cultures during processing, storage and transport of products.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate because of high setup costs and R&D investments required for probiotic ingredients production. However, low differentiation and branded loyalty make entry easier.

Bargaining power of buyers: The bargaining power of buyers is high as Probiotic Ingredients is a fragmented industry with many global players. Buyers can negotiate lower prices by playing competitors against each other.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials. However, relationships with a few key suppliers ensure consistent supply.

Threat of new substitutes: The threat of new substitutes is low as Probiotic Ingredients have significant health benefits with little substitute options available.

Competitive rivalry: High as the market is dominated by few global players.

Key Takeaways

The Global Probiotic Ingredients Market Demand is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing health awareness and demand for functional and probiotic food & beverages.

Regional analysis: North America dominated the probiotic ingredients market in 2023, accounting for over 35% of global market share. Asia Pacific is anticipated to witness fastest growth owing to increasing consumption of functional food and larger consumer base in the region.

Key players operating in the probiotic ingredients market are 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. Key players are focusing on new product launches, R&D investment and strategic partnerships for global expansion.

https://www.insightprobing.com/probiotic-ingredients-market-demand-share-analysis/

Purvaja

Global Probiotic Ingredients Market Is Estimated To Witness High Growth Owing To Increasing Consumer Demand for Functional Foods & Beverages

Poonam 2023-10-17

Weakness: One of the weaknesses of the probiotic ingredients market is the high cost associated with probiotic supplements and products. Threats: One of the threats faced by the probiotic ingredients market is the intense competition among key players. Key Takeaways: The global Probiotic Ingredients Market Share is expected to witness high growth, exhibiting a CAGR of 3. In terms of regional analysis, North America is currently the fastest-growing and dominating region in the probiotic ingredients market. These key players have a strong market presence and actively contribute to the growth and development of the probiotic ingredients market.

Probiotic Ingredients Market Is Estimated To Witness High Growth Owing To Increasing Consumer Awareness Regarding Gut Health

Sachin Sadgir 2023-09-21

The global Probiotic Ingredients Market is estimated to be valued at US$ 4. The growing consumer awareness regarding gut health and the shift towards preventive healthcare are driving the demand for probiotic ingredients. Economic: The economic factors influencing the probiotic ingredients market include disposable income, consumer spending patterns, and overall economic stability. In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the probiotic ingredients market. The region's market growth is attributed to the high consumer awareness, robust healthcare infrastructure, and the presence of key market players.

Probiotic Ingredients Market Analysis: Competitors, Opportunities, Regional Portfolio, Forecast

Daniel 2021-12-30

The global probiotic ingredients market analysis has been segregated, by application, into functional food, functional beverages, pharmaceuticals, and others. Key PlayersSome of the key players in the global probiotic ingredients market are Kerry Group Plc. Europe and RoW probiotic ingredients market share revenue are expected to grow at a rapid pace due to the surging usage of probiotic ingredients in the regions. SegmentationThe global probiotic ingredients market size has been segmented on the basis of form, source, application, and region. By form, the global probiotic ingredients market share has been classified as dry and liquidBy source, the global probiotic ingredients market has been classified as bacteria and yeast.

Probiotic Ingredients Market Size, Share, Trends Global Analysis 2022-2028

RNC Valuecon 2022-11-07

According to our market study, titled "Probiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application," the market is expected to grow from US$ 3,493. 2 million people in the US visited physician offices with digestive system diseases as the primary diagnosis in 2018. Thus, rising awareness regarding preventive healthcare is expected to boost the market growth over the forecast period. The Prominent/Emerging Players in the Probiotic Ingredients Market includes:ADMNovozymes A/SChr. The growth of the lactobacillus segment is driven by the rising application of probiotics in food, especially dairy products, fueling the growth of the market.

Probiotic Ingredients Market Growth Accelerated by Rising Demand for Probiotic Functional Foods and Beverages

Mia Yates 2024-01-25

Rising prevalence of lifestyle diseases due to junk food consumption has increased the demand for functional food and beverages containing probiotic ingredients. The Global Probiotic Ingredients Market Size is estimated to be valued at US$ 6152. The proliferation of probiotic yogurts, juices, dairy products and supplements containing probiotic ingredients has increased significantly over the past few years in response to rising health-conscious consumer base. Segment Analysis The global probiotic ingredients market is dominated by the bacteria sub-segment. Countries like China, India, and Japan have a large consumer base that prefers probiotic foods and supplements.

Food Ingredients Market Size, Trends And Overview Report 2023-2032

Bhuvan 2023-03-23

The Business Research Company’s Food Ingredients Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The Food Ingredients Global Market Report 2023 evaluates food ingredients market size, growth rate, drivers, trends, and major companies. id=5313&type=smpThe global food ingredients market size grew from $47. The food ingredients market size is expected to grow to $74. Competitive Landscape And Company ProfilesKey Mergers And AcquisitionsFuture Outlook and Potential AnalysisTop 5 Major Key Players Are:Kerry GroupCargill IncArcher Daniels MidlandStevia First CorporationHermes Sweeteners LtdList Of Tables:Table 1: Global Historic Market Growth, 2017-2022, $ BillionTable 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ BillionTable 3: Global Food Ingredients Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionTable 4: Global Food Ingredients Market, Segmentation By Function, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionTable 5: Global Food Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion….

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A recent market study published by FMI, “Probiotic Ingredients Market: Global Industry Analysis 2013-2018 & Forecast 2019-2027” offers a comprehensive assessment of the most important market dynamics.

After conducting thorough research on the historical, as well as current growth parameters of the probiotic ingredients market, the growth prospects of the market are obtained with maximum precision.Competition AnalysisIn this chapter, readers can find a comprehensive list of all the leading stakeholders in the probiotic ingredients market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments.

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According to the current analysis of Reports and Data, The global Probiotic Ingredients Market was valued at USD 267.2 million in 2019 and is expected to reach USD 497.0 million by the year 2027, at a CAGR of 8.9%.

The term ‘probiotic’ means “for life,” and it is used to name bacteria linked with beneficial effects for humans and animals.

The advantages of food with added live microbes (probiotics) on human health, and in particular of milk products on children and other high-risk populations, are being increasingly encouraged by health experts.The report offers a thorough analysis of the regions with regards to production and consumption patterns, supply and demand dynamics, import/export, technological and product advancements, current and emerging trends, consumer demands, consumer behavior shifts, and presence of key market players in each region.

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Hansen (Denmark), Biogaia (Sweden), Probi (Sweden),Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US)Further key findings from the report suggest:There are evidences from well-conducted clinical trials of beneficial health effects from probiotics in a range of clinical conditionsProbiotics are normally added to foods as a part of the fermentation process.

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Moreover, there is an increased concern over the improvement of animal health and introduction of safety and transparency across the feed supply chain.

However, the feed industry in the Asia-Pacific, South America and Africa region is anticipated to display huge growth prospects supported by a strong population growth and rising incomes.

Players operating in the feed sector are striving to improve the nutritional profile for safe and high-quality animal products.

Livestock producers across the globe have gradually implemented cost-effective solutions to achieve proper feed utilization and reduce the operational costs.

Stringent regulatory landscape involved during the registration and approval of products play an important role in hindering the adoption of fermentation technology by various small-scale players.

Hansen A/S, Cargill Inc., Novozymes A/S, Nutreco, Novus International, Lonza Group AG, and Kerry Group.

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