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Middle East & Africa Probiotic Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type and Application

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    Report

  • 138 Pages
  • September 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5668360
UP TO OFF until Jun 30th 2024
The Middle East & Africa (MEA) probiotic ingredients market is expected to grow from US$ 180.80 million in 2022 to US$ 292.12 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2022 to 2028.

Manufacturers are deploying food and beverage fortification by adding nutritional additives, such as probiotics, fibers, vitamins, and minerals, to their product offerings. The major motive for incorporating additives in the food & beverages industry is to increase the health benefits of food products. Promising health benefits of probiotic-fortified food and participation of international bodies in the R&D approvals of probiotics are a few major factors influencing the MEA probiotic ingredients market. Functional ingredients such as probiotics are used in yogurt to improve the quality of intestinal microflora. Such a trend is expected to fuel the market growth during the forecast period. Probiotic-fortified food includes yogurt, bars, snacks, and infant formula. Probiotic drinks are functional beverages that help improve gut health by raising immunity and balancing the intestine. Consumers are becoming more health-conscious and focusing on their lifestyles and diets, resulting in an increased demand for probiotic-fortified food and beverages in the MEA region. Food manufacturers are developing various new products with instructions and pictures to fulfill consumer demand in response to the current healthy eating trend.

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 MEA probiotic ingredients market . The MEA probiotic ingredients market is expected to grow at a good CAGR during the forecast period.

MEA Probiotic Ingredients Market Segmentation

The MEA probiotic ingredients market is segmented based on type, application, and country.
  • Based on type, the market is divided into lactobacillus, Bifidobacterium, and others. The lactobacillus would dominate the MEA probiotic ingredients market in 2022.
  • Based on application, the s market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages would dominate the MEA probiotic ingredients market in 2022.
  • Based on country, the MEA probiotic ingredients market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa would dominate the MEA probiotic ingredients market in 2022.
Key players operating in the MEA 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.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. MEA Probiotic Ingredients Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. MEA Probiotic Ingredients Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Expanding Consumer Focus on Preventive Health
5.1.2 Developing Demand for Probiotic-Fortified Food and Beverages
5.2 Market Restraints
5.2.1 Regulatory Difficulties
5.3 Market Opportunities
5.3.1 Limited Use of Antibiotics in Animal Feed
5.4 Future Trends
5.4.1 Launch of the Product with Probiotics as a Key Ingredient
5.5 Impact Analysis of Drivers and Restraints
6. Probiotic Ingredients - MEA Market Analysis
6.1 MEA Probiotic Ingredients Market -Revenue and Forecast to 2028 (US$ Million)
7. MEA Probiotic Ingredients Market Analysis - By Type
7.1 Overview
7.2 MEA Probiotic Ingredients Market, By Type (2021 and 2028)
7.3 Lactobacillus
7.3.1 Overview
7.3.2 Lactobacillus: Probiotic Ingredients Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Bifidobacterium
7.4.1 Overview
7.4.2 Bifidobacterium: Probiotic Ingredients Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: Probiotic Ingredients Market - Revenue and Forecast to 2028 (US$ Mn)
8. MEA Probiotic Ingredients Market Analysis - By Application
8.1 Overview
8.2 MEA Probiotic Ingredients Market, By Application (2021 and 2028)
8.3 Functional Food & Beverages
8.3.1 Overview
8.3.2 Functional Food & Beverages: Probiotic Ingredients Market- Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceuticals & Nutraceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals & Nutraceuticals: Probiotic Ingredients Market- Revenue and Forecast to 2028 (US$ Mn)
8.5 Animal Feed
8.5.1 Overview
8.5.2 Animal Feed: Probiotic Ingredients Market- Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Probiotic Ingredients Market- Revenue and Forecast to 2028 (US$ Mn)
9. MEA Probiotic Ingredients Market - By Country Analysis
9.1 Middle East & Africa: Probiotic Ingredients Market
9.1.1 MEA: Probiotic Ingredients Market, by Key Country
9.1.1.1 Saudi Arabia: Probiotic Ingredients Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Probiotic Ingredients Market, By Type
9.1.1.1.2 Saudi Arabia: Probiotic Ingredients Market, by Application
9.1.1.2 UAE: Probiotic Ingredients Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Probiotic Ingredients Market, By Type
9.1.1.2.2 UAE: Probiotic Ingredients Market, by Application
9.1.1.3 South Africa: Probiotic Ingredients Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 South Africa: Probiotic Ingredients Market, By Type
9.1.1.3.2 South Africa: Probiotic Ingredients Market, by Application
9.1.1.4 Rest of MEA: Probiotic Ingredients Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Probiotic Ingredients Market, By Type
9.1.1.4.2 Rest of MEA: Probiotic Ingredients Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 ADM
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Novozymes A/S
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Chr. Hansen Holding A/S
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kerry Group plc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Lallemand Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 IFF Nutrition & Biosciences
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 WOT Analysis
11.6.6 Key Developments
11.7 AngelYeast Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Probiotical S.p.A.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Adisseo
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Probi
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Word Index

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • Probi

Table Information