PROBIOTIC INGREDIENTS MARKET ANALYSIS

The global probiotic ingredients market is projected to reach around US$ 7016.8 Billion by 2030, in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2023-2030).

Global Probiotic Ingredients Market: Drivers

• Rising awareness regarding the preventive healthcare products: Growing awareness regarding preventive healthcare products among consumers is primarily fueling the growth of the global probiotic ingredients market. For instance, in the U.S. between 60 and 70 million people are affected by digestive diseases, according to the National Digestive Diseases Information Clearinghouse (NDDIC), a service of the National Institute of Health (NIH). Also 60 million people experience chronic constipation, while 20% endure symptoms associated with reflux (indigestion) at least weekly.
• Growing demand for animal feed and pet food: Increasing demand for fortified animal feed and pet food is again expected to drive growth of the market. The United Nations Food and Agriculture Organization (FAO) estimates that by 2050, the demand for food will grow by 60%, and the production of animal proteins is expected to grow by around 1.7% per year between 2010 and 2050, with meat production projected to rise by nearly 70%, aquaculture by 90%, and dairy by 55%. If the growth rates of the last 40 years were extrapolated forward to 2050, this would, in theory, quadruple the needs. For instance, in August 2021, Chr. Hansen launched a line-up of three live probiotics, each covering the needs related to a specific life stage of dogs and cats. It includes CHR. HANSEN PET-PROSTART™, CHR. HANSEN PET-PROESSENTIALS™ and CHR. HANSEN PET-PROVITAL products.

Global Probiotic Ingredients Market: Restraints

• Stringent regulations and labeling standard for probiotics: Strict regulations and labeling standards for probiotics are expected to hamper market growth. For instance, in the European Union, probiotics and feed supplements are regulated by the European Food Safety Authority (EFSA), while in the United States, most probiotic products are regulated by the Center for Veterinary Medicine (CVM) and the US Food and Drug Administration (FDA). Probiotic supplements in Australia are regulated under the “Therapeutic Goods Act”, which controls health claims under a centralized registry.

• High cost related with probiotics: The high cost of probiotics is another major factor expected to restrict market growth. For instance, per kilogram of probiotic feed additive, the price is accounted for at around US$4.73, which is relatively higher than the prices accounted for control feed supplements, prebiotics, and symbiotics, which cost nearly US$4.16, US$3.87, and US$4.21, respectively.

Global Probiotic Ingredients Market: Opportunity

• Rapid advancements in the field of probiotics: Advancement in the field of probiotic ingredients such as nano-encapsulated probiotics is projected to create enormous opportunities for players active in the market. Moreover, major players in the market invest heavily in Research&Development activities, which is again fostering market growth. For instance, in October 2021, Lallemand Health Solutions unveiled a clean-label technology to protect probiotics and other active ingredients from gastric acidity. GUARD is short for Gut Acid Resistant Delivery, a patented, all-natural oral delivery platform.

Global Probiotic Ingredients Market: Trends

• Usage of powdered ingredients is becoming increasingly popular: Powdered ingredients are gaining popularity across developing regions. This ongoing trend is projected to boost market growth positively. Capsules are an easy-to-open alternative compared to sticks and sachets. The probiotic powder capsule can be easily opened and sprinkled on food. Moreover, capsules minimize both the number of excipients required and the amount of packaging used for the product.
• Major companies entering in developing region market: Key players are entering into new market across developing region. For instance, Israel-based supplement manufacturer, Anlit introduced its Long-Life Probiotic (LLP), Immune Probiotics, Zinc, and Elderberry (Sambuca nigris) bites. These are all-natural immunity-support gummies shaped like cubes and bears. All three products are market-ready for adoption into customized functional formulations.

Global Probiotic Ingredients Market: Key Developments

• In June 2021, Kerry Inc. announced a global partnership with BIO CAT Inc., a Virginia-based biotech company specializing in breakthrough enzyme product development. Kerry leads the sales, marketing, and distribution of BIO-CAT's proprietary probiotic strain, OPTI-BIOME MB40®.
• In February 2021, Kerry Group Inc. announced plans to acquire the Spanish company Biosearch Life. Based in Granada, Spain, BioSearch Life is active in the nutraceutical and functional food sectors. The company has a range of probiotics, including premium probiotics obtained from human breast milk and natural omega-3.
• In May 2021, Chr. Hansen launched The Probiotics Institute™, a new platform providing educational and scientific content on probiotics and the human microbiome.
• In February 2022, Royal DSM, a global, purpose-led, science-based company active in nutrition, health, and sustainable living, announced that it had bolstered its capabilities as an end-to-end partner for North American customers in the gut health space.

Global Probiotic Ingredients Market: Regional Analysis

Regionally, Asia Pacific is expected to dominate the global probiotic ingredients market over the forecast period. The growth is attributed to increased consumer awareness about preventive health and rising living standards. In addition, manufacturers are also expanding their manufacturing facilities in the region to meet growing consumer demand. Furthermore, manufacturers are developing proprietary strains of probiotics for specific applications. This will open up new avenues for the probiotic ingredients market in the region.

 Figure 1. Global Probiotic Ingredients Market Share (%), By Region, 2022

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Regionally, Asia Pacific dominated the Global Probiotic Ingredients market in terms of revenue, in 2022, followed by North America and Europe, respectively.

Global Probiotic Ingredients Market: Segmentation

The global probiotic ingredients market is segmented on the basis of type, application, and region. Based on type, the market is divided into bacteria, yeast, and spore formers. On the basis of application, the market is segmented into food and beverage, dietary supplements, animal feed. On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.

Figure 2. Global Probiotic Ingredients Market Share (%), By Type, 2022

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On the basis of type, in 2022, the bacteria segment accounted for the largest market share of 77% in terms of value, followed by the spore formers segment.

Global Probiotic Ingredients Market: Impact of Coronavirus (COVID-19) Pandemic

Probiotic ingredients are primarily found in North American and European markets. In recent years, a number of countries have been particularly affected by the coronavirus pandemic. As a result, there has been a surge in the demand for anti-viral and probiotic products and supplements from consumers seeking to improve gut health. Consumers purchase these products and supplements from a variety of sources, including supermarkets and hypermarkets, as well as food stores, drug stores, and pharmacies. This surge in demand has had a positive effect on the growth of the sector. Several studies have indicated that probiotics may be beneficial in aiding patients who are hospitalized with coronavirus-related to pneumonia.

Global Probiotic Ingredients Market: Key Companies

The key companies operating in the global probiotic ingredients market are Kerry Inc., Chr. Hansen Holding AS, Koninklijke DSM NV, DuPont De Neumors, Inc., Lallemand Inc., Associated British Foods PLC, Nutris, Archer Daniels Midland Company, Advanced Enzyme Technologies, and Orffa

*Definition: Often referred to as "good bacteria," probiotics are a group of microorganisms that support a healthy digestive system. These organisms are found in foods, dietary supplements, and beauty products. They are important for proper digestion and can help with skin health. They are also used to fight against disease-causing cells. Probiotics are used to improve gastrointestinal health and are often found in yogurt, but are also available as dietary supplements. Some of these supplements contain a variety of strains and should be used in conjunction with other probiotic foods to maximize the health benefits.