Global Probiotic Ingredients Market (By Ingredients: Lactobacilli, Bifidobacterium, Streptococcus and Bacillus. By Form- Liquid and Dry. By Application- Food & Beverages (Dairy Products, Fermented Meat, Dry Foods and Others), Dietary Supplements, Beauty Products (Cream, Oil and Lotion) and Animal Feed and By Regions)– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026

The probiotic ingredients market was valued at USD 265.57 Million in 2018 and is expected to reach USD 484.32 Million by 2026 growing at a compound annual growth rate (CAGR) of 7.80% from 2018 to 2026. Increasing cultivation of seasonal fruits and vegetables to earn extra profits has resulted in the erosion of essential nutrients from the natural fibers of fruits and vegetables. In addition, changes in the lifestyle and work culture across the globe has resulted in the change of food habits which leads to heart diseases, cholesterol & fat gain and diabetes. As a result, people across the globe are expected to be more willful and health conscious regarding proper nutritional intakes. Food and beverages, health supplements and beauty products items, are thereby nurtured or treated with probiotic ingredients to develop a healthy formula that are essential for human and animal bodies’ internal mechanisms such as improved metabolism, blood flow regulation and detoxication. These are the prime factors anticipated to drive the global probiotic ingredients market during the forecast period.

Food & Beverages segment is estimated to witness significant growth

The probiotic ingredients market has been segmented based on ingredients which is further divided into Lactobacilli, Bifidobacterium, Streptococcus and Bacillus. In addition, probiotic ingredients market is further segmented based on form which is further sub segmented as liquid and dry. Based on application, the probiotic ingredients market has been segmented into food & beverages, dietary supplements, Beauty Products and animal feed. Food & Beverages segment are expected to propel at the highest CAGR during the forecast period. Growing consumer awareness regarding maintaining healthy and balanced diets to sustain work pressure coupled with increasing demand for dairy-based beverages and baked foods to build strong immunity and endurance are the factors expected to create massive demand for food & beverages segment during the forecast period.

North America holds the largest market share by region

The global Probiotic Ingredients market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, North America region holds the largest market share. The reason may be attributed to the continuous promotions and awareness programs from healthcare and educational institutes and governments towards preventing and maintaining a healthy life through the consumption of probiotic treated foods and beverages and health supplements. North America region has further consumed a significant proportion of probiotic ingredients for livestock to ensure utmost quality of end-products such as milk and meat from them. However, Asia-Pacific region is expected to grow at a significant CAGR during the forecast period owing to the rising middle-age and teen-age population across China, India and Japan. Low mortality rate due to advanced healthcare amenities is the prime factor responsible for this population growth. Governments across Asia-Pacific region are further involving themselves in the awareness programs to eliminate chances of sudden heart attacks and chronic diseases such as diabetes and lifestyle disorders are the factors expected to propel the demand for probiotic ingredients. In addition, several unorganized foods and beverages have been transformed into organized sectors gradually, with rising government initiatives and private investments. This factor is further expected to augment the probiotic ingredients market growth across Asia-Pacific region.

Major Players in Probiotic Ingredients Market

Some of the key players in the global probiotic ingredients market include BioGaia AB, Chr. Hansen Holding A/S, Danone, DowDuPont, Ganeden, Inc., Life Space Probiotics. Lifeway Foods, Inc., Nestle S.A., UAS Laboratories and Yakult Honsha Co. Ltd.

The global probiotic ingredients market has been segmented into:

Global Probiotic Ingredients Market: By Ingredients

·         Lactobacilli

·         Bifidobacterium

·         Streptococcus

·         Bacillus

Global Probiotic Ingredients Market: By Form

·         Dry

·         Liquid

Global Probiotic Ingredients Market: By Application

·         Food & Beverages

o    Dairy Products

o    Fermented Meat

o    Dry Foods

o    Others

·         Dietary Supplements

·         Beauty Products

o    Cream

o    Oil

o    Lotion

·         Animal Feed

Global Probiotic Ingredients Market: By Geography

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    U.K.

o    France

o    Germany

o    Italy

o    Rest of Europe

·         Asia Pacific

o    India

o    China

o    Japan

o    Rest of Asia Pacific

·         Middle East and Africa

o    South Africa

o    Rest of Middle East and Africa

·         Latin America

o    Brazil

o    Rest of Latin America