The Global Market for Probiotic Ingredients, 2018-2023 - Increasing Demand for Probiotics in Developed Economies Presents Lucrative Opportunities

DUBLIN, Jan. 31, 2019 /PRNewswire/ --

The "Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End User (Human and Animal), and Region - Global Forecast to 2023" report has been added to's offering.

The global probiotic ingredients market was valued at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, at a CAGR of 8.5% from 2018 to 2023.

The market is driven by factors such as the health benefits associated with probiotic-fortified foods, the increasing popularity of probiotic dietary supplements, participation of government bodies in the R&D of probiotics, and increasing global demand for superior-quality feed products.

Regulations on the maximum quantity of probiotics that can be added to the feed, processing methods, labeling, packaging, and storage conditions are projected to inhibit the growth of the probiotics market for feed.

By form, the liquid segment is projected to grow at the highest CAGR in the global probiotic ingredients market between 2018 and 2023.

Based on form, the probiotic ingredients market is segmented into dry and liquid. The liquid segment records the highest CAGR as it is relatively cheap in terms of storage and transportation.

Also, the dry form utilizes methods of freeze-drying and freezing, which despite being efficient, led to higher transportation and energy consumption costs. Hence, manufacturers are focusing on experimenting with the liquid forms of probiotic ingredients for developing more equitable solutions.

By application, the pharmaceutical segment is projected to witness the fastest growth during the forecast period.

The pharmaceutical segment is estimated to grow at the highest CAGR, as probiotic strains have multiple health benefits and are gaining commercial acceptance among manufacturers, pharmaceutical & drug developers, and end consumers.

Probiotic strains are proven to treat and help to prevent several gastrointestinal diseases such as traveler's diarrhea, antibiotic-associated diarrhea, inflammatory bowel disease, lactose intolerance, irritable bowel syndrome, vaginal infections, rheumatoid arthritis, liver cirrhosis, and immune enhancement. Hence, there is a surge in demand for probiotic ingredients in the pharmaceuticals segment.

North America is projected to be the fastest-growing region in the probiotic ingredients market, due to an increase in the demand for supplements and rise in the consumption of probiotic dairy products.

The demand for probiotic-formulated food products in North America has increased, with the growing number of product launches at the consumer level. In the dairy sector, the yogurt segment is projected to account for the largest segment with consumers also recognizing fermented products containing live microorganisms.

In the US, more than half of the yogurt sold is formulated with probiotics. Factors influencing probiotic yogurt consumption include the development of new flavored yogurt by manufacturers, convenient one-shot packaging, and low prices. Thus, there is a strong demand for various bacterial as well as yeast strains from probiotic product manufacturers in this region.

Leading Players Profiled in this Report

    --  Kerry (Ireland)
    --  DowDuPont (US)
    --  CHR. Hansen (Denmark)
    --  Biogaia (Sweden)
    --  Probi (Sweden)
    --  Glac Biotech (Taiwan)
    --  Bifodan (Denmark)
    --  Lallemand (Canada)
    --  UAS Laboratories (US)
    --  Biena (US)

Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data Key Industry Insights Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the Probiotic Ingredients Market
4.2 Probiotic Ingredients Market, By Source
4.3 Asia Pacific: Probiotic Ingredients Market, By Application
4.4 Probiotic Ingredients Market, By End User and Region
4.5 Probiotic Ingredients Market Growth, By Key Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Health Benefits Associated With Probiotic-Fortified Foods Increasing Popularity of Probiotic Dietary Supplements Participation of International Bodies in the R&D of Probiotics Increasing Global Demand for Superior-Quality Feed Products
5.2.2 Restraints International Quality Standards and Regulations for Probiotic Products
5.2.3 Opportunities EU Ban on Antibiotic Growth Promoters in Feed Increasing Demand for Probiotics in Developed Economies Promoting Probiotic Health Benefits Among Livestock Farmers
5.2.4 Challenges Complexities in Integrating Probiotics in Functional Food Significant Operating Cost Proving the Efficacy of Probiotic Strains

6 Regulatory Framework and Patents
6.1 Introduction
6.2 North America: Regulatory Environment Analysis
6.2.1 US
6.2.2 Canada
6.3 Europe: Regulatory Environment Analysis
6.4 Asia Pacific: Regulatory Environment Analysis
6.4.1 Japan
6.4.2 India
6.5 South America: Regulatory Environment Analysis
6.5.1 Brazil
6.6 Patent Analysis

7 Probiotic Ingredients Market, By Application
7.1 Introduction
7.2 Functional Foods & Beverages
7.2.1 Dairy Products Yogurt Cheese Other Dairy Products
7.2.2 Non-Dairy Products Vegetable-Based Probiotic Products Fruit-Based Probiotic Products Meat-Based Probiotic Products
7.3 Pharmaceuticals
7.3.1 Dietary Supplements Tablets Probiotic Drinks Powders Capsules
7.4 Animal Nutrition
7.5 Others

8 Probiotic Ingredients Market, By Source
8.1 Introduction
8.2 Bacteria
8.2.1 Lactobacillus
8.2.2 Bifidobacterium
8.2.3 Streptococcus and Enterococcus
8.3 Yeast
8.3.1 Saccharomyces Cerevisiae
8.3.2 Saccharomyces Boulardi
8.3.3 E. Coli

9 Probiotics Ingredients Market, By Form
9.1 Introduction
9.2 Dry
9.2.1 Dry Form Holds the Largest Market Share Due to Its Stability and Longer Shelf-Life
9.3 Liquid
9.3.1 Liquid Form has A Faster Growing Market Due to Being Relatively Cheaper Than Dry Form.

10 Probiotics Ingredients Market, By End User
10.1 Introduction
10.2 Human
10.2.1 Intestinal Disorders
10.2.2 Lactose Intolerance
10.2.3 Inflammatory Bowel Disorders
10.2.4 Cardiovascular Diseases
10.2.5 Respiratory Infections
10.2.6 Obesity
10.2.7 Urogenital Infections
10.2.8 Type-2 Diabetes
10.2.9 Cancer
10.3 Animal

11 Probiotic Ingredients Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US US Accounted for the Largest Share in North American Market Due to Higher Adoption of Technologies
11.2.2 Canada Canada has Huge Potential for Probiotic Ingredients Due to Increasing Investments By Big Players
11.2.3 Mexico Increasing Demand From the Pharmaceuticals Industry is Expected to Drive the Market for Probiotic Strains in Mexico
11.3 Europe
11.3.1 UK Higher Pace of Technological Advancements is Driving the Market for Probiotic Ingredients in the Country
11.3.2 Germany Ban on Usage of Antibiotics By the Eu in the Poultry Industry is Proving to Be an Opportunity for Probiotics in the Country
11.3.3 Italy Consumer Awareness About Health Benefits of Probiotics is Driving the Market in the Country
11.3.4 Spain Increasing Investment in Probiotics By Big Players in the Country is Driving the Market
11.3.5 Russia Increasing Demand for Fermented Dairy Products in the Country is Driving the Market for Probiotic Ingredients
11.3.6 Rest of Europe Consumer Acceptance for Probiotic Products Driving the Market for Probiotic Ingredient
11.4 Asia Pacific
11.4.1 China The Market in China is Growing Due to the Increasing Application of Probiotics in Infant Formula Business
11.4.2 Japan Increase in Health Care Costs is One of the Driving Forces for the Probiotic Ingredients Market
11.4.3 Australia & New Zealand Technological Advancements in Probiotics is Driving the Market in the Countries
11.4.4 India India has Huge Potential Due to the Increase in Pharmaceutical Companies Investing in Development of Probiotic Drugs
11.4.5 Rest of Asia Pacific Fermented Dairy Products Have Gained Popularity in These Countries
11.5 RoW
11.5.1 South America The Increased Demand for Good Quality Meat From Consumers Presents an Immense Opportunity for Application of Probiotic Strains in Animal Feed
11.5.2 Middle East & Africa Functional Foods & Beverages has the Largest Market Share in Middle East Due to the Application of Inexpensive Technology of Fermentation in the Manufacture of End Products

12 Competitive Landscape
12.1 Overview
12.2 Expansions & Investments
12.3 Agreements, Collaborations, and Joint Ventures & Partnerships
12.4 Product Launches
12.5 Mergers & Acquisitions

13 Company Profiles
13.1 Kerry
13.2 DowDuPont
13.3 Chr. Hansen
13.4 Biogaia
13.5 Probi
13.6 GLAC Biotech
13.7 Bifodan
13.8 Lallemand
13.9 UAS Laboratories
13.10 Biena

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