Europe Probiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lactobacillus, Bifidobacterium, and Others) and Application (Functional Food & Beverages, Pharmaceuticals & Nutraceuticals, Animal Feeds, and Others)

Europe Probiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lactobacillus, Bifidobacterium, and Others) and Application (Functional Food & Beverages, Pharmaceuticals & Nutraceuticals, Animal Feeds, and Others)

The Europe probiotic ingredients market is expected to grow from US$ 989.86 million in 2022 to US$ 1,535.13 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
Antibiotics, a feed additive, have been widely used in livestock diets for several decades due to their therapeutic effects. However, a few countries have limited the use of certain antibiotics due to concerns that using antibiotics as feed additives contribute to increased bacterial antibiotic resistance. Furthermore, from 2006 onward, the European Union (EU) prohibited the use of antibiotics as feed additives. As a result of the shift in customer demand for safe food production and regulatory concerns regarding antibiotics, growth-promoting additives have ensured a search for natural strategies to modulate gut development and health. Moreover, probiotics, prebiotics, and essential oils have been suggested as antibiotic alternatives, as probiotics are live microbial feed supplements that beneficially affect the host by improving intestinal microbial balance. The use of probiotics as a possible alternative to antibiotics has received renewed interest due to the legislation prohibiting the use of sub-therapeutic amounts of antibiotics. Probiotic is a generic term, and products can contain yeast cells, bacterial cultures, or both that stimulate microorganisms capable of modifying the gastrointestinal environment to improve health and feed efficiency.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe probiotic ingredients market . The Europe probiotic ingredients market is expected to grow at a good CAGR during the forecast period.
Europe Probiotic Ingredients Market Revenue and Forecast to 2028 (US$ Million)
Europe Probiotic Ingredients Market Segmentation
The Europe probiotic ingredients market is segmented based on type, application, and country. Based on type, the Europe probiotic ingredients market is divided into lactobacillus, bifidobacterium, and others. The lactobacillus would dominate the Europe probiotic ingredients market in 2022. Based on application, the market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages would dominate the Europe probiotic ingredients market in 2022. Based on country, the Europe probiotic ingredients market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. The Rest of Europe would dominate the Europe probiotic ingredients market in 2022.
Key players operating in the Europe probiotic ingredients market include ADM; Novozymes A/S; Chr. Hansen Holding A/S; Kerry Group plc; Lallemand Inc; IFF Nutrition & Biosciences; AngelYeast Co., Ltd; Probiotical S.p.A; Adisseo; and Probi by Altair.

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