April 23, 2024
Probiotic Ingredients Market

Probiotic Ingredients Market Propelled by Increasing Demand for Natural and Functional Food Products

The probiotic ingredients market encompasses ingredients derived from bacteria and yeast that provide health benefits when ingested. Probiotic ingredients such as lactobacillus and bifidobacterium improve gut health and immunity. There is growing awareness among consumers regarding health benefits of probiotic ingredients and shift towards natural and functional food products. The Global Probiotic Ingredients Market Size is estimated to be valued at US$ 6152.26 billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand for natural and functional food products is one of the major trends propelling the growth of the probiotic ingredients market. Consumers are increasingly opting for food products with additional health and wellness benefits. Probiotic yogurt, drinks and supplements are popular among health-conscious consumers. Food and beverage manufacturers are responding to this demand by introducing various products containing probiotic ingredients. For instance, Dannon launched Oikos ProCare, a Greek yogurt with prebiotic and probiotic ingredients. The popularity of clean label and organic products is also driving the need for natural probiotic ingredients over synthetic variants. Innovation of new delivery formats such as gummies and powders has further widened the application of probiotic ingredients. Novel probiotic strains with strain-specific health attributes are also gaining traction.

SWOT Analysis

Strength: Probiotic ingredients have various health benefits such as improving gut health, boosting immunity, and treating digestive issues. This increases their demand.
Weakness: Limited research exists on the long term effects of probiotic consumption. Variations also exist in the efficacy of different probiotic strains.
Opportunity: Growing health awareness is driving the demand for functional foods and supplements containing probiotic ingredients. The market has an opportunity to cater to this rising demand.
Threats: Stringent regulatory frameworks and approval procedures hinder the entry of new players in the market. Fluctuating raw material prices also pose a threat.

Key Takeaways

The global probiotic ingredients market is expected to witness high growth.

Regional analysis: The Asia Pacific region dominates the global probiotic ingredients market and is expected to witness the fastest growth during the forecast period. Rising health awareness and growing consumption of probiotic fortified foods are driving the market in the region.

Key players operating in the probiotic ingredients market are Cutera,Tanceuticals,Merz Pharmaceuticals, LLC,Candela Corporation,Nestle,Inceler Medikal Co Ltd.,Mentor Worldwide LLC,Shanghai Fosun Pharmaceutical (Group) Co. Ltd.,Zimmer Aesthetics,Allergan,Hologic Inc,Nubway Co. Ltd. Major players are focusing on new product innovations and mergers to strengthen their market presence. They are also expanding their manufacturing facilities to cater to the rising demand.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it