Asia Pacific Probiotic Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type and Application

The Asia Pacific probiotic ingredients market is expected to grow from US$ 1,236.95 million in 2022 to US$ 2,072.09 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2022 to 2028.

Manufacturers are incorporating probiotics in personal care products. Further, they are investing in research and development activities related to probiotics to address the needs of consumers. For instance, in May 2021, Probi AB and Competence Centre on Health Technologies (CCHT) inked a long-term R&D collaboration agreement. It aims to create new products for women's health based on probiotic lactobacilli strains. Further, Lac2Biome - an Italian health startup - stands out with its Infinite Skin Microbiome Serum, which is made with a blend of hyaluronic acids and a strain of live probiotics. Moreover, probiotic supplements for vaginal health are also becoming a trend, and manufacturers are launching vaginal health supplements. For instance, in March 2022, Queen V, a feminine wellness brand, launched "DD Probiotic Daily Dose Supplement" to promote vaginal health by balancing yeast and bacteria while supporting digestive, immune, and antioxidant health. Probiotics are making their way into the cleaning aisle as a green alternative to conventional cleaners.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific probiotic ingredients market . The Asia Pacific probiotic ingredients market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Probiotic Ingredients Market Segmentation

The Asia Pacific probiotic ingredients market is segmented based on type, application, and country.

• Based on type, the Asia Pacific probiotic ingredients market is divided into lactobacillus, bifidobacterium, and others. The lactobacillus would dominate the Asia Pacific probiotic ingredients market in 2022.
• Based on application, the Asia Pacific probiotic ingredients market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages would dominate the Asia Pacific probiotic ingredients market in 2022.
• Based on country, the Asia Pacific probiotic ingredients market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific would dominate the Asia Pacific probiotic ingredients market in 2022.

Key players operating in the Asia Pacific probiotic ingredients market include ADM; Novozymes A/S; Chr. Hansen Holding A/S; Kerry Group plc; Lallemand Inc; IFF Nutrition & Biosciences; AngelYeast Co., Ltd; Probiotical S.p.A; Adisseo; and Probi by Altair.