Probiotic Ingredients Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.41 Billion |
| Market Size (2029) | USD 6.71 Billion |
| CAGR (2024 - 2029) | 4.40 % |
| Fastest Growing Market | South America |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Probiotic Ingredients Market Analysis
The Probiotic Ingredients Market size is estimated at USD 5.41 billion in 2024, and is expected to reach USD 6.71 billion by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
Consumers of all ages consume probiotics, which are a driving force within the booming digestive health supplements category. High consumption is observed among millennials due to the growing awareness regarding health and wellness through multi-channel publicity, which has influenced their consumption pattern to a large extent. Millennials, who are technologically advanced, update themselves with tips and information about health and, therefore, try to change their routines and eating habits accordingly. The easy availability of information about preventive healthcare on the internet has been contributing favorably to the rising consumer awareness about probiotic products, which, in turn, has been driving market growth.
The key players in the market have been expanding their product portfolios by launching probiotic strains and cultures in easily incorporable forms. For instance, in August 2021, Chr. Hansen launched a line of three live probiotics, each covering the needs related to a specific life stage of dogs and cats. It includes Chr. Hansen Pet-Prostart, Chr. Hansen Pet-Proessentials, and Chr. Hansen Pet-Provital products. Furthermore, partnerships between ingredient manufacturers and consumer-focused probiotic manufacturers have helped launch new products in the market. However, stringent regulations about the use of probiotics in infant formula, nutraceuticals, and dietary supplements, among others, are expected to restrain the growth potential of the market during the forecast period.
Probiotic Ingredients Market Trends
This section covers the major market trends shaping the Probiotic Ingredients Market according to our research experts:
Increased Application in Animal Feed and Pet Food
Farmers are relying on feed to obtain high performance and quick weight gain in animals over a short period. The UN Food and Agriculture Organization (FAO) estimates that by 2050, the demand for food will grow by 60%. The production of animal proteins is expected to grow by around 1.7% per year between 2010 and 2050, with meat production projected to rise by nearly 70%, aquaculture by 90%, and dairy by 55%. If the growth rates of the last 40 years were extrapolated forward to 2050, this would, in theory, quadruple the needs.
When introduced to feed in an appropriate quantity, live probiotic microorganisms can produce bountiful health benefits. For instance, ruminants see numerous benefits when probiotics are included in feed during weaning and at the beginning of lactation. Similarly, scientific studies showed that probiotic ingredients enhanced the growth rate in broilers better than AGP (avilamycin) and other substitutes for AGP, such as phytochemicals, including essential oils. This increasing awareness about the nutritional benefits of probiotics is likely to drive its application in animal feed during the forecast 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-user industries. For instance, in June 2021, the Brazilian Health Regulatory Agency (ANVISA) approved Biosearch Life's commercialization of two of the company's probiotic strains, Lactobacillus fermentum CECT5716 LC40 and Lactobacillus coryniformis CECT5711 K8, which are aimed at stimulating the immune system to enhance human health and wellbeing.
Probiotic Ingredients Industry Overview
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.
Probiotic Ingredients Market Leaders
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Kerry Inc.
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DuPont
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Chr. Hansen Holding A/S
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Koninklijke DSM NV
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Lallemand Inc
*Disclaimer: Major Players sorted in no particular order
Probiotic Ingredients Market News
- September 2022: The FrieslandCampina company launched Biotis GOS-OP High Purity in the Asia-Pacific region (APAC). Using the company's high-level galactooligosaccharides (GOS) ingredient, it hopes to fill the market gap and fuel supplement innovation relating to prebiotics.
- February 2022: Royal DSM, a global, purpose-led, science-based company active in nutrition, health, and sustainable living, announced that it had bolstered its capabilities as an end-to-end partner for North American customers in the gut health space.
- November 2021: ADM acquired DeerlandProbiotics & Enzymes, a leader in probiotic, prebiotic, and enzyme technology, with global sales and manufacturing in the United States and Europe. The acquisition will help ADM use Deerland's capabilities and portfolio to deliver synergies for its Health and Wellness business and support its growth across the Nutrition business unit.
Probiotic Ingredients Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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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. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Bacteria
- 5.1.2 Yeast
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5.2 By Application
- 5.2.1 Foods and Beverages
- 5.2.2 Dietary Supplements
- 5.2.3 Animal Feed
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 Spain
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Positioning Analysis
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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
- 6.3.11 Royal FrieslandCampina N.V.
- 6.3.12 BioGaia
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Probiotic Ingredients Industry Segmentation
Probiotics are live microorganisms marketed with health claims, including claims to improve or restore gut flora. The global probiotic ingredients market is segmented by type, application, and geography. The probiotic ingredients market is segmented by type into bacteria and yeast. Based on application, probiotic ingredients are differentiated by their use in foods and beverages, dietary supplements, and animal feed. The market is also segmented based on geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Type | Bacteria | |
| Yeast | ||
| By Application | Foods and Beverages | |
| Dietary Supplements | ||
| Animal Feed | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | United Kingdom |
| Germany | ||
| Spain | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East and Africa |
Probiotic Ingredients Market Research FAQs
How big is the Probiotic Ingredients Market?
The Probiotic Ingredients Market size is expected to reach USD 5.41 billion in 2024 and grow at a CAGR of 4.40% to reach USD 6.71 billion by 2029.
What is the current Probiotic Ingredients Market size?
In 2024, the Probiotic Ingredients Market size is expected to reach USD 5.41 billion.
Who are the key players in Probiotic Ingredients Market?
Kerry Inc., DuPont, Chr. Hansen Holding A/S, Koninklijke DSM NV and Lallemand Inc are the major companies operating in the Probiotic Ingredients Market.
Which is the fastest growing region in Probiotic Ingredients Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Probiotic Ingredients Market?
In 2024, the Europe accounts for the largest market share in Probiotic Ingredients Market.
What years does this Probiotic Ingredients Market cover, and what was the market size in 2023?
In 2023, the Probiotic Ingredients Market size was estimated at USD 5.18 billion. The report covers the Probiotic Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Probiotic Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Probiotic Ingredients Industry Report
Statistics for the 2024 Probiotic Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Probiotic Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
