The Infinium Global Research analyzes the Probiotics Ingredients Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global probiotics ingredients market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of probiotics ingredients. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the probiotics ingredients market during the period. The global probiotics ingredients market is projected to grow at a CAGR of 7.3% over the forecast period of 2019-2025.
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Rising demand in dairy items section, fermented items, and nutritive foodstuff and beverages are the major drivers for the growth of the probiotics ingredients market globally. Increasing food manufacturing and industrially advanced communications expenditure also boosts the growth of the market. Also, growing health benefits associated with probiotic-fortified foods also drives the growth of the probiotics ingredients market. However, international quality standards and regulations for probiotic products may hamper the growth of the market. Moreover, increasing demand for probiotics in developed economies creates an opportunity for the growth of the market in the upcoming years.
Growing Segments in the Probiotics Ingredients Industry
The global probiotics ingredients market is segmented based on source, application, end-user, and form. By source, the global probiotics ingredients market is further fragmented into bacteria and yeast. Furthermore, the bacteria segment is further sub-segmented into lactobacilli, bifidobacterium, streptococcus, and enterococcus. Based on the application, the probiotics ingredients market is divided into probiotic food and beverage, probiotic dietary supplements and animal feed probiotic. Probiotic food and beverage segments hold the largest market share due to the growth in the consumption of probiotic products such as yogurt.
Moreover, growing health concerns, aging population and the effectiveness of probiotic products in providing health benefits are likely to complement the growth of probiotic food and beverages segment during the forecast period. Meanwhile, based on end-user, the global market is bifurcated into human probiotics and animal probiotics. By form, the probiotics market is classified into dry form and liquid form.
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North America Holds the Largest Market Share
Globally, the probiotics ingredients market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America holds the largest market share owing to the growing preference for health and wellness products in the region. Increasing dairy product consumption and the natural tendency to consume supplements are the other factors that drive the growth of the market in the North American region. Moreover, Asia Pacific is likely to grow at a rapid speed in this market due to the increasing adoption of the product in countries like India, China, and Japan.
Key Players of the Probiotics Ingredients Industry
The global probiotics ingredients market comprises with the players such as Lifeway Foods Inc., MORINAGA MILK INDUSTRY CO., LTD., Yakult Honsha Co. Ltd., Chr. Hansen Holding A/S, BioGaia AB, Ganeden, Inc., Danone, Nestle SA, Protexin, Lallemand Inc. and other companies. The prominent industry players are trying to increase their regional presence in emerging markets such as India, China, and Japan by setting up manufacturing facilities in the Asia Pacific.
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- Comprehensive analysis of global as well as regional markets of the Probiotics Ingredients.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.