Global probiotics ingredients market is anticipated to reach over US $3.97 billion by the year 2026, with a 6.9 percent CAGR, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2026.
Digestive functioning in the human body is facilitated by live bacteria called probiotics. Probiotics are commonly used in the treatment of conditions like inflammatory bowel disease, diarrhea due to antibiotics, and irritable bowel syndrome.
Probiotics ingredients are extensively used across the healthcare sector, including medical nourishment, which comprises beneficial bacteria, wholesome sustenance & supplements. Market analysts claim that these factors will spur substantial market growth over the predicted timeframe.
On the basis of probiotic ingredient type, the worldwide market is segmented into bacteria, yeast, and spore formers. The bacteria segment is further split into Bifidobacterium, Lactobacillus, Streptococcus, and Enterococcus, while the yeast segment is sub-divided into Saccharomyces Boulardi, Saccharomyces Cerevisiae, and Coli. The end-user landscape of the global probiotics ingredients market is bifurcated into human probiotics and animal probiotics.
In terms of application, the global probiotics ingredients market is bifurcated into probiotic dietary supplements, probiotic food & beverages, and animal feed probiotics. As per the latest report, amplifying investments by leading manufacturers in research & development in dietary supplements will offer new growth opportunities for probiotics ingredients. The manufacturers have created and differentiated several restrictive strains of probiotics for specific applications in order to meet the prerequisites for numerous therapeutic conditions. For instance, Lactobacillus rhamnosus HN001 and Lactobacillus fermentum VRI-003 PCC are usually used for treating dermatitis. The report cites that this trend of recognizing probiotic strains for specific applications is anticipated to promote the global market expansion over the foreseeable future.
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As claimed by industry experts, the product usage in nutritional beverages such as fermented tea, yogurt, juices, and pickles, by key market players like Danone, is slated to positively influence market growth for probiotics ingredients. For instance, Danone’s products called Activia, is a probiotic drink fortified with dairy ingredients.
High product awareness can be credited to easy availability and accessibility of probiotic foods at pharmacies, specialist shops, and supermarkets. This will, in turn, strengthen the brand image among conscious consumers, which will indirectly fuel the global market growth.
The immense application of probiotics in the food & beverages segment is reported to have steered the worldwide market, and is further expected to maintain this stance, due to increasing spending on nutritional nourishment.
Based on the regional outlook, Asia Pacific is anticipated to stay a highly lucrative region for the probiotics ingredients market over the forecast period. The regional market growth is propelled by augmented spending on the incorporation of probiotic elements for preventive healthcare and sports nutrition, by key players like Pfizer and GSK. The regional growth is further boosted by huge demand for probiotics ingredients from Japan and China, given the growing consumer awareness regarding proper digestion, gastrointestinal as well as cardiovascular health, cites the report.
The competitive spectrum of the global probiotics ingredients market includes well-known market contenders including Chr. Hansen Holding A/S, Danone Inc., Lallemand Inc., Danisco A/S, and Biocodex Inc.