The probiotic ingredients market is forecasted to grow by USD 3.00 bn during 2023-2028, accelerating at a CAGR of 8.51% during the forecast period. The report on the probiotic ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness about benefits of probiotic supplements, increased awareness about lifestyle-related diseases, and increasing demand for probiotics for animal health.
Technavio's probiotic ingredients market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
7.87%
CAGR
8.51%
Incremental Value
$3.00bn
By Application
Food and beverages
Dietary supplements
Others
By Source
Bacteria
Yeast
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the rising applications of probiotics as one of the prime reasons driving the probiotic ingredients market growth during the next few years. Also, growing focus on customized solutions and increasing product innovations will lead to sizable demand in the market.
The report on the probiotic ingredients market covers the following areas:
Probiotic ingredients market sizing
Probiotic ingredients market forecast
Probiotic ingredients market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading probiotic ingredients market vendors that include Archer Daniels Midland Co., Biena Inc., BIOCODEX SAS, BioGaia AB, Chr Hansen Holding AS, CUSTOM PROBIOTICS Inc., Danone SA, DuPont de Nemours Inc., Kerry Group Plc, Novozymes OneHealth, Sabinsa Corp., Thermo Fisher Scientific Inc., Unique Biotech Ltd., Winclove BV, Lallemand Inc., American Biosystems Inc., Nutris, Orffa International Holding B.V., Probi AB, and Probiotical S.p.A.. Also, the probiotic ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global probiotic ingredients market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Source Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Food and beverages - Market size and forecast 2023-2028
6.4 Dietary supplements - Market size and forecast 2023-2028
6.5 Others - Market size and forecast 2023-2028
6.6 Market opportunity by Application
7 Market Segmentation by Source
7.1 Market segments
7.2 Comparison by Source
7.3 Bacteria - Market size and forecast 2023-2028
7.4 Yeast - Market size and forecast 2023-2028
7.5 Market opportunity by Source
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028