Published Date : 06 Mar 2024
The global probiotic ingredients market size was exhibited at USD 5.59 billion in 2022 and is anticipated to touch around USD 17.60 billion by 2032, expanding at a CAGR of 12.20 % from 2023 to 2032.
Probiotics are the live little microorganisms intended with claims that they come up with health-related benefits when consumed, usually by developing or reestablishing the stomach microbiota. Probiotics are generally considered safe to intake, but sometimes, they may cause unwanted side effects and bacterial interactions in rare cases.
Probiotics are generally used for the prevention of situations such as urinary bladder infections, bacterial vaginal infections, and mouth health problems. In addition, they can be used to cure necrotizing enterocolitis, bowel disorders, and respiratory diseases. The increased awareness among patients worldwide about the intake of healthy and natural products surpassed the drive of the industry's growth in the coming years. Moreover, consumers know the advantages of improved stomach or abdominal health.
Crucial regions of the probiotic ingredients market are in North America and Europe. Some countries, including the U.K., the U.S., Italy, France, and Spain, have been seriously impacted by the COVID-19 pandemic. This has led to an increasing demand for immunity-boosting products and supplements being derived by consumers from different channels such as pharmacies, drug stores, food stores, hypermarkets, and supermarkets. This large stream of requirements for immunity-based products has positively affected the industry's progress. Topmost probiotic manufacturers such as Chr. Hansen (Denmark), Lallemand (U.S.), Kerry Group (Republic of Ireland), and DuPont (U.S.) have together accounted for more than one-third of the market share.
The European region has the highest probiotic ingredients market share in 2023. Some essential factors were driven by market shares, including high demand for dairy products and functional foods, major key players in these regions, and awareness about the advantages of using probiotics.
The Asia Pacific region is estimated to grow fastest in the forecast period. This region is considered to have the highest share of the probiotic ingredients market in 2023. These are the substantial opportunities to meet increasing customer demand for fortified food and beverage products, contributed by Catarina Rodrigues, senior marketing manager of women and infant health, who presented their insights on microbiome at Fi Asia Bangkok 2023.
The North American region also impacts the growth of the probiotic ingredients market. Adopting many energy efficiency laws and regulations in North America also meets the demand for probiotic ingredients in the animal feed and agriculture industries. Probiotic components persistently work in fuel market extension and animal nutrition to encourage stomach or abdomen health and increase animal performance.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 6.24 Billion |
| Projected Forecast Revenue by 2032 | USD 17.6 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 12.20% |
| Largest Market | Europe |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Drivers
Rising demand for probiotic ingredients
Probiotics are highly effective in healing diseases within the least possible period, but their side effects are common and transparent. Due to increasing consumer awareness, researching antiinfection agents using probiotics has become important over the years. Intake of a probiotic diet after medicine results in the extension of valuable microbes, which are similar to nourish immunity and protect the body from further illness during recovery.
Increasing cases of vaginal and urinary tract infection
The probiotic ingredients market is predicted to improve from growing cases of vaginal and Urinary portion infections. These infections are responsible for millions of doctor visits yearly. It is making them the most common bacterial infections. Probiotic ingredients-based additives offer a modern-day solution to these analytical problems encountered by the female groups. Due to the lack of awareness in education of vaginal issues, so many females are facing vaginal infection. That's why probiotic ingredients target females.
Restraint
Lack of knowledge about probiotics
The significant challenges and restraints in the probiotic ingredients market are the need for more awareness among consumers about the benefits of probiotics and the high cost of probiotic supplements. Probiotics are live microorganisms like the beneficial bacteria in the human stomach or bacteria. They offer several health benefits, including improving gut health, boosting immunity, and reducing the risk of allergies and infections. However, many consumers need to be aware of these benefits and are unwilling to purchase probiotic supplements. Moreover, probiotic ingredients are often more costly than other dietary supplements, which can discourage consumers from buying them.
Opportunity
Innovation by key players
Probiotic ingredients are generally considered the most creative in probiotic ingredients market positioning, packaging, delivery forms, and formulation. Frequency creation in high investment and product offerings factories in illuminative advertisements related to the consumption of probiotics ingredients is expected to balance consumers' interest in probiotics supplements in upcoming years. This element is expected to balance the demand for probiotic ingredients.
Segments Covered in the Report
By Type
By Application
By Components
By Form
By End User
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