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Probiotic Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 140 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5012490
The probiotic ingredients market was valued at USD 4,963.5 million in 2021, and it is projected to register a CAGR of 4.40% during the forecast period (2022-2027).

With the impact of COVID-19, the market has witnessed a surge in demand for products that enhance immune health. COVID-19 is known to affect humans and some human microbiome bacterial species simultaneously, acting as a bacteriophage. All major COVID-19 treatment regimens include medicines with antibacterial properties. The antibacterial effect of the used drugs ensures elimination or suppression of BB animalis ssp.lactis colonies in the human host organism and offers potential for probiotic use. This factor is likely to boost the demand for probiotic ingredients positively, thereby propelling the growth of the market over the forecast period.

The easy availability of information pertaining to preventive healthcare on the internet has been contributing favorably to the rising consumer awareness about probiotic products, which in turn, has been driving the market growth.

The key players in the market have been expanding their product portfolios by launching probiotic strains and cultures in easily incorporable forms. Partnerships between ingredient manufacturers and consumer-focused probiotic manufacturers have helped launch new products in the market.

However, stringent regulations pertaining to the use of probiotics in infant formula, nutraceuticals, and dietary supplements, among others, are expected to restrain the growth potential of the market in the coming years.

Key Market Trends

Higher and Diverse Application in Nutraceuticals

The demand for probiotic ingredients is primarily driven by increasing application in nutraceuticals, fortified food and beverage products, and dietary supplements. As per data by Packaged Facts, the consumption of probiotic dietary supplements in the United States was the highest among the age group of 18-34 years, highlighting their changing mindset toward staying fit and healthy to avoid health complications in their later earlier years. Therefore, the producers of probiotic supplements have been capitalizing on the application, formulation, and therapeutic expansion to other health benefits, apart from the mainstream, to regulate sales. This, in turn, has been boosting the demand for probiotic ingredients, thus, propelling the growth of the market over the review period.

Increasing Application of Probiotic Ingredients in South America

The South American market has witnessed significant growth due to the increasing demand for health and wellness products, coupled with the rise in awareness among consumers for functional foods and beverages.

Brazilians have been observed to place a high emphasis on improving digestive health, and this factor has led to an increase in demand for dietary supplements. Owing to this factor, the key manufacturers in the market have been focused on expanding their presence in the country to cater to the growing demand and achieve a competitive advantage in the market. Moreover, the players have been innovating and launching products for approval from regulatory authorities to cater to the demand of end-use industries. For instance, in 2020, Kerry’s probiotic ingredient, GanedenBC30, received a digestive health claim approval from the Brazilian F&B health agency, ANVISA.

Competitive Landscape

The market is competitive with the presence of numerous local and international players competing for a major market share. Kerry Inc., Chr. Hansen Holding AS, Koninklijke DSM NV, Lallemand Inc., and DuPont de Nemours Inc. are some of the major players holding dominant positions in the market studied. Other players that have a significant presence in the market include Advanced Enzyme Technologies and Lantmannen. ​​

The key market players have diverse product lines and a vast geographical reach that gives them an edge over their competitors. However, many small- and medium-sized local players also hold a significant position in the market. The rising level of demand for probiotic ingredients due to their growing incorporation in foods and beverages and dietary supplements has led to the rise of small domestic players, who have a higher penetration rate across agrarian economies. As a result, domestic players have a significant level of supplies and concrete sourcing practices, with know-how on regional production capabilities, and have been increasing their market presence.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Bacteria
5.1.2 Yeast
5.2 By Application
5.2.1 Foods and Beverages
5.2.2 Dietary Supplements
5.2.3 Animal Feed
5.3 Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe United Kingdom Germany Spain France Italy Russia Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia Rest of Asia-Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa South Africa Saudi Arabia Rest of Middle-East and Africa
6.1 Most Adopted Strategies
6.2 Market Positioning Analysis
6.3 Company Profiles
6.3.1 Kerry Inc.
6.3.2 Chr. Hansen Holding AS
6.3.3 Koninklijke DSM NV
6.3.4 DuPont de Nemours Inc.
6.3.5 Lallemand Inc.
6.3.6 Associated British Foods PLC
6.3.7 Nutris
6.3.8 Deerland Probiotics & Enzymes Inc.
6.3.9 Advanced Enzyme Technologies
6.3.10 Orffa

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Kerry Inc.
  • Chr. Hansen Holding AS
  • Koninklijke DSM NV
  • DuPont de Nemours Inc.
  • Lallemand Inc.
  • Associated British Foods plc
  • Nutris
  • Deerland Probiotics & Enzymes Inc.
  • Advanced Enzyme Technologies
  • Orffa