Market Size of Probiotic Ingredients Industry
| 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 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 |
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Probiotic Ingredients Market Size Summary
The probiotic ingredients market is experiencing robust growth, driven by increasing consumer awareness and demand for digestive health supplements. This trend is particularly pronounced among millennials, who are leveraging digital platforms to stay informed about health and wellness, thereby influencing their consumption patterns. The market is characterized by the introduction of innovative probiotic strains and cultures in user-friendly formats, supported by strategic partnerships between ingredient manufacturers and consumer-focused companies. However, the market's expansion is tempered by stringent regulations governing the use of probiotics in various applications, including infant formula and dietary supplements. Despite these challenges, the market is poised for growth, with significant opportunities in the animal feed sector, where probiotics are being recognized for their nutritional benefits.
Regionally, South America is witnessing notable growth due to a rising demand for health and wellness products, particularly in Brazil, where there is a strong focus on digestive health. This has prompted key manufacturers to expand their presence in the region to capitalize on the growing demand. The market is highly competitive, with major players like Kerry Inc., Chr. Hansen Holding AS, and DuPont de Nemours Inc. holding significant market shares. These companies, along with smaller domestic players, are leveraging their diverse product lines and regional expertise to strengthen their market positions. Recent developments, such as product launches and regulatory approvals, further underscore the dynamic nature of the market, as companies strive to meet the evolving demands of end-user industries.
Probiotic Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Bacteria
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2.1.2 Yeast
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2.2 By Application
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2.2.1 Foods and Beverages
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2.2.2 Dietary Supplements
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2.2.3 Animal Feed
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Probiotic Ingredients Market Size 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.
