Probiotic Ingredients Market Research Report – Global Forecast till 2027

Probiotic Ingredients Market Research Report: Information by Form (Dry and Liquid), Source (Bacteria and Yeast), Application (Functional Food, Functional Beverages, Pharmaceuticals and Others), Region - Global Forecast 2027

ID: MRFR/F-B & N/5696-HCR | November 2022 | Region: Global | 90 Pages         

Probiotic Ingredients Market

Probiotic Ingredients Market projected to reach USD 9,735.8 Million, at a CAGR of 6.9% from 2030.

Segmentation

By Form Dry Liquid
By Source Bacteria Yeast
By Application Functional Food Functional Beverages Pharmaceuticals

Key Players

  • Allianz Biosciences Pvt. Ltd.
  • Archer-Daniels-Midland Company
  • BioGaia AB Chr. Hansen Holding A/S
  • Danone S.A.
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Ganeden Inc.
  • Kerry Group PLC
  • Koninklijke DSM N.V.
  • Lallemand Inc.
  • Lifeway Foods Inc.

Drivers

  • Increasing Application Areas
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Probiotic Ingredients Market Overview:


The probiotic ingredients are the beneficial yeast and bacteria combined that are fed to the poultry animals and birds to yield more poultry products. They are also consumed by humans to protect their gut health. The demand for natural probiotic foods is increasing in recent times owing to the increasing awareness on the subject. They are intensively used in functional food and beverages for the consumption of humans. However, the probiotics in the animal feed are expected to hold a significant share during the forecast period due to the improving profitability in the market and the emergence of new market players.


Moreover, the demand for probiotic ingredients in breakfast cereal, infant food, and significant others are propelling the overall growth of the probiotic ingredients market. 


Covid 19 Analysis:


COVID 19 has created huge economic distress across the globe. However, it has affected the probiotic ingredients market, for the better. The unprecedented times and situations had changed the purchasing terms and patterns of the consumers and they are more inclined toward a healthy lifestyle and diet. The demand for nutritional food and poultry meat has increased during the pandemic and thereby presented lucrative opportunities for the overall growth of the probiotic ingredients market.


Market Dynamics:


Market Drivers:


The increasing inclination of the potential consumers towards protein-rich foods like eggs and daily diets and the demand for poultry meat and products are some of the key drivers of probiotic ingredients market growth.


The increasing global population and the advent of a novel trend that encourages the utilization of natural ingredients in the feed additives are creating a huge impact on the probiotic ingredients market growth. Moreover, the ban on the usage of antibiotics in the poultry feed and the related products in developed regions like Europe are also propelling the overall growth of the market in recent times.


Market Opportunities:


An increasing number of diseases in poultry farming and the rising awareness about the ways to protect the birds and animals in recent years, and the awareness regarding the significance of the nutritional requirements are expected to boost the overall growth of the probiotic ingredients market during the forecast period.


The effective replacement of pharmaceutical agents with probiotic ingredients in recent times and the advent of novel technologies that are integrating the efficiency and enhanced functionalities in the industry are expected to boost the overall growth of the probiotic industry during the forecast period.


Market Restraints:


The issues concerning the technologies and scarcity of efficient monitoring methods and complexity of testing methods are some of the key factors that are expected to hinder the overall growth of the probiotic ingredients market.


The stringent regulations imposed by the regulating bodies and government, increasing expectations, and pressure to meet the international quality standards are some of the major restraints of probiotic ingredients market growth.


Market Challenges:


The market setting, higher complexity level, and their integration with the functional foods and beverages are considered as a major challenge for market. Moreover, the higher degree of competition and handling business strategies are also considered as major challenges for probiotic ingredients market growth.


The increasing concerns in achieving the desired level and standards regarding the stability in poultry probiotic formulations are expected to hinder the overall growth of the market during the forecast period. Moreover, the issues related to the standards and the issues related to the manufacturing and marketing of the poultry probiotic products are expected to hinder the probiotic ingredients market growth.


Cumulative Growth Analysis:


With the growing demand for broiler meat combined with the increasing poultry activities across developing regions like Thailand, China, Japan, India; the US is expected to bolster the overall growth of the probiotic ingredients market. The increasing demand for the quality of meat which demands tenderness, adequate water holding capacity, and significant others are expected to present lucrative opportunities for overall probiotic ingredients market growth.


Moreover, the poultry farmers and the farming methods are propelling the overall growth of the probiotic ingredients market in recent times. The potential characteristics such as promoting growth, facilitating weight gain, and other characteristics are expected to propel the overall growth of the market. For instance, the poultry segment was holding a market value of over USD 55 million in the year 2020 and it is expected to grow with a CAGR of 6% during the forecast period.


Value Chain Analysis:


The market value of probiotic ingredients is expected to grow with a decent growth rate as the cultural barriers were reduced and poultry meat consumption has increased in recent years. Moreover, the regulations imposed over the usage of antibiotics on animals and their feeds have relaxed in recent times as well. Therefore, the probiotic ingredients market industry is witnessing a tremendous growth rate in recent years. Moreover, a huge population of the Asia-pacific region has been inclined towards meat and meat products, whereas the religious beliefs are also reduced. Fast-food chains and quick restaurants are emerging across the region as well. Therefore Asia-pacific region is expected to grow with a CAGR of 6.3% during the forecast period.


Among several other types of probiotic ingredients, the bifidobacterium is expected to witness significant growth during the forecast period, as they are used in a wide range of dairy products like yogurt. Since there is a surging demand for these dairy products across the developed countries, the probiotic ingredients market value is expected to witness steady growth during the forecast period. The businesses and manufacturers are also bringing in various flavors into the yogurt and handling various marketing strategies as well. Such factors are expected to bolster the overall growth of the probiotic ingredients market during the forecast period.


Segment Overview:


Based on Source



  • Bacteria

  • Yeast


Based on the form 



  • Dry form

  • Liquid form


Based on Application



  • Functional Food

  • Functional Beverages

  • Pharmaceuticals

  • Others


Regional Analysis


Probiotic ingredients market analysis is categorized into several geographical segments, where North America is expected to hold the higher market value in the probiotic ingredients market. The key business participants operating and the increasing inclination of the population towards a healthy diet and drink are some of the key factors that are stimulating the overall growth of the probiotic ingredients market across the region.


Brazilians are also giving significant emphasis on better health and a better digestive system, and they are inclined towards efficient dietary supplements and undertaking agreements regarding their launches. For instance, one of the leading Brazilian companies, Probi had signed a distribution agreement regarding the launch of a probiotic supplement that is named Probi mage which is expected to stimulate the overall growth of the probiotic ingredients market.


Competitive Landscape:



  • Allianz Biosciences Pvt. Ltd.

  • Archer-Daniels-Midland Company

  • BioGaia AB

  • Chr. Hansen Holding A/S

  • Danone S.A.

  • DuPont de Nemours, Inc.

  • Evonik Industries AG

  • Ganeden, Inc.

  • Kerry Group PLC

  • Koninklijke DSM N.V.

  • Lallemand Inc.

  • Lifeway Foods Inc.

  • Morinaga Milk Industry Co., Ltd.

  • Nestle SA


Recent Developments:



  • In the year 2019, one of the leading market players, Phileo by Lesaffre had launched multi-species bacteria that are a bacteria probiotic which is specially designed for poultry. This probiotic ingredient is efficient in decreasing the pathogen pressure and improving the overall feed efficiency. The innovation has adopted the GO technology which carefully selects the bacillus species that enhances the feed efficiency, gut function, and microbiota. The GO technology is found to improve the bacillus spore germination within 6 hours.

  • In the year 2019, one of the leading market players, Biomin has launched a gel drop symbiotic that is specially designed for hatchery, where the ingredient is effective in protecting gut health. 


Report Overview:


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments



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Frequently Asked Questions (FAQ) :

•Functional foods and beverages
•Pharmaceuticals
•Animal nutrition
•Personal care and cosmetics

•Archer-Daniels-Midland Company
•BioGaia AB
•Chr. Hansen Holding A/S
•Danone S.A.
•DuPont de Nemours, Inc.
•Evonik Industries AG
•Ganeden, Inc.