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. Read More

What is the current Probiotic Ingredients Market size?

In 2024, the Probiotic Ingredients Market size is expected to reach USD 5.41 billion. Read More

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. Read More

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). Read More

Which region has the biggest share in Probiotic Ingredients Market?

In 2024, the Europe accounts for the largest market share in Probiotic Ingredients Market. Read More

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. Read More

Probiotic Ingredients Market Analysis | Industry Report, Size & Growth Insights

Probiotic Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Probiotic Ingredients Market Analysis and Manufacturing Companies. The market is Segmented by Type (Bacteria and Yeast), Application (Foods and Beverages, Dietary Supplements, and Animal Feed), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market sizes and forecasts in value (USD million) for the above segments.

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.