Probiotic Ingredients Market Overview

The probiotic ingredients market is projected to expand significantly, increasing from US$ 3,493.42 million in 2021 to US$ 6,060.51 million by 2028. This growth represents a compound annual growth rate (CAGR) of 8.2% from 2022 to 2028.

Understanding Probiotics

Probiotics consist of beneficial bacteria and yeast that play a crucial role in maintaining a balanced microbial environment in the intestines of both humans and animals. These microorganisms enhance the production of digestive enzymes and juices, facilitating effective digestion. Probiotics can be ingested through food or dietary supplements. Additionally, they serve to protect beneficial bacteria from harmful pathogens. Recent research has expanded the application of probiotics to include the management of mental health issues, as well as digestive and neurological disorders. They also contribute to safeguarding proteins and lipids from oxidative stress and assist in combating infections within the body.

Market Segmentation by Type

The probiotic ingredients market is categorized based on type into Lactobacillus, Bifidobacterium, and other variants. Among these, the Bifidobacterium segment is anticipated to dominate the market share throughout the forecast period. Bifidobacteria are known for their effectiveness in addressing gastrointestinal problems such as diarrhea and constipation. They facilitate food digestion, enhance nutrient absorption, and provide a defense against pathogenic organisms.

Impact of Lifestyle Changes

Shifts in lifestyle, particularly the increased consumption of processed and junk foods, have heightened the risk of foodborne bacterial infections, thereby driving demand for probiotic products. Bifidobacteria are increasingly incorporated as active components in various functional foods due to their health benefits. These trends are expected to significantly elevate the demand for Bifidobacteria, consequently propelling the growth of the probiotic ingredients market during the forecast period.

Geographical Insights

The probiotic ingredients market is segmented geographically into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. In 2021, the Asia Pacific region held the largest market share and is projected to experience the highest CAGR during the forecast period. The influence of Western culture has notably affected consumer habits in this region, with younger demographics increasingly opting for yogurt and healthy snacks as part of their breakfast and quick meal options. Furthermore, the rising health consciousness among consumers is driving the demand for probiotic products. The probiotics sector in Asia Pacific is rapidly evolving, particularly with the growing interest in pharmaceuticals and nutraceuticals. The COVID-19 pandemic has further accelerated the demand for vitamins and dietary supplements, as individuals seek products that enhance immunity, such as vitamin C and ginseng. These factors are collectively contributing to the robust growth of the probiotic ingredients market in Asia Pacific.

Key Market Players

Prominent companies in the probiotic ingredients market include ADM, Novozymes A/S, Chr. Hansen Holding A/S, Kerry, Lallemand Inc., IFF Nutrition & Biosciences, AngelYeast Co., Ltd., Probiotical S.p.A., Adisseo, and Probi. These companies are actively developing innovative products to meet the increasing consumer demand. For example, Danone S.A. has introduced a new yogurt brand for children, Danimals, in the North American market. This low-fat yogurt is enriched with vitamin C, vitamin D, and probiotics, which are claimed to support children's immune and digestive health.

Research Methodology

The market size for probiotic ingredients has been determined through a combination of primary and secondary research methodologies. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the probiotic ingredients sector.