Global Probiotic Ingredients Market 2024-2028

Global Probiotic Ingredients Market 2024-2028

The probiotic ingredients market is forecasted to grow by USD 3.00 bn during 2023-2028, accelerating at a CAGR of 8.51% during the forecast period. The report on the probiotic ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness about benefits of probiotic supplements, increased awareness about lifestyle-related diseases, and increasing demand for probiotics for animal health.

Technavio's probiotic ingredients market is segmented as below:

By Application

• Food and beverages
• Dietary supplements
• Others

By Source

• Bacteria
• Yeast

By Geographical Landscape

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the rising applications of probiotics as one of the prime reasons driving the probiotic ingredients market growth during the next few years. Also, growing focus on customized solutions and increasing product innovations will lead to sizable demand in the market.

The report on the probiotic ingredients market covers the following areas:

• Probiotic ingredients market sizing
• Probiotic ingredients market forecast
• Probiotic ingredients market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading probiotic ingredients market vendors that include Archer Daniels Midland Co., Biena Inc., BIOCODEX SAS, BioGaia AB, Chr Hansen Holding AS, CUSTOM PROBIOTICS Inc., Danone SA, DuPont de Nemours Inc., Kerry Group Plc, Novozymes OneHealth, Sabinsa Corp., Thermo Fisher Scientific Inc., Unique Biotech Ltd., Winclove BV, Lallemand Inc., American Biosystems Inc., Nutris, Orffa International Holding B.V., Probi AB, and Probiotical S.p.A.. Also, the probiotic ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.