The report “Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End User (Human and Animal), and Region – Global Forecast to 2023″, is estimated at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, growing at a CAGR of 8.5% during the forecast period. The market is driven by factors such as increasing popularity of probiotic dietary supplements and participation of government bodies in the R&D of probiotics.
The global probiotic ingredients market is currently driven by the rising popularity of probiotic functional foods & beverages among consumers. Factors such as age, stress, and poor diet are responsible for digestive ailments, bloating, and reduced resistance to infections; and the consumption of probiotic-enhanced products help to alleviate these widespread conditions. These products contain live microorganisms (probiotic strains) that confer positive health effects on the host. Companies such as Chr. Hansen has developed patented strains of microorganisms claiming to have specific health benefits; there has been a proliferation of probiotic suppliers who develop customized strains of microorganisms to integrate with a diverse set of products.
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By source, the market is segmented into bacteria and yeast. The bacteria segment accounted for a larger share in the global probiotic ingredients market, by source, in 2017. The bacterial strains in probiotic foods provide health benefits, such as increased lactase production, prevention of diarrhea, prevention of irritable bowel syndrome (IBS), and enhanced immunity of Lactobacilli. The yeast segment is projected to record a higher CAGR during the forecast period, with the increasing demand for Saccharomyces boulardii, a unique, harmless, and tropical yeast having several beneficial effects on human intestinal health.
The bacteria segment, by source, is estimated to dominate the probiotic ingredients market in 2018
By source, the probiotic ingredients market is segmented into bacteria and yeast. The bacterial segment mainly consists of strains from the genus of Lactobacillus and Bifidobacterium. This segment is estimated to account for the largest share in the probiotic ingredients market in 2018. Although yeast is more stable and robust, bacteria strains have more health benefits and a large number of strains that are available within the bacteria. Due to these factors, bacteria strains continue to remain preferred over yeast.
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Asia Pacific is estimated to dominate the probiotic ingredients market in terms of value in 2018
Probiotics are gaining popularity in the Asia Pacific market particularly in the animal nutrition segment due to the growing concerns about their health and productivity. The application of probiotic strains is projected to increase due to the consumer demand for application in functional foods and pharmaceutical end products. India offers a huge potential in this region due to the increasing number of pharmaceutical companies involving themselves in the licensing and development of probiotic drugs. China’s growth in terms of sales is attributed to the growing application of probiotics in the infant formula business.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies. It includes the profiles of leading companies such as Kerry (Ireland), DowDuPont (US), Chr. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US).
