The Growing Demand For Digestive Health Supplements To Open Up New Avenues For Probiotic Ingredients Market

 
Probiotic Ingredients Market

Market Overview:

Probiotic ingredients are live microorganisms that provide health benefits when consumed. These beneficial bacteria help maintain digestive tract health and immunity. Key probiotic ingredients available in the market include Lactobacillus, Bifidobacterium, Streptococcus, and Saccharomyces boulardii. They are commonly used in dietary supplements, food & beverages, and animal feed to promote gut health. The increasing awareness about gut health and digestive issues has been driving the demand for probiotic-rich products.

Market Dynamics:

Rising health consciousness: Consumers are increasingly focusing on preventive healthcare and adopting proactive measures to manage their health. This has fueled the demand for probiotic supplements, foods, and beverages to boost digestive health and immunity. Additionally, the COVID-19 pandemic has further accelerated this trend.
Growing elderly population: Probiotic ingredients find wide application in senior nutritional products as older adults are more prone to gut disorders. According to the UN report, the number of people aged 60 or above is expected to reach 2.1 billion by 2050 from 1 billion in 2019. This growing geriatric population base will continue augmenting market growth over the forecast period.

Segment Analysis

The probiotic ingredients market is dominated by the Bifidobacterium sub-segment which holds around 35% of the total market share. Bifidobacterium is one of the most widely used probiotic bacteria as it is considered to be one of the first colonizers of the human gut. It plays an important role in maintaining gut health and immunity.

PEST Analysis

Political: The growth of the probiotic ingredients market is supported by various initiatives taken by governments globally to promote gut and intestinal health. Many countries have implemented regulations to standardize the use of probiotic terms on food and supplement labels.
Economic: The rising income levels and changing lifestyles are increasing the demand for functional and healthy foods. This acts as a major driver for the probiotic ingredients market. Moreover, growth opportunities in emerging economies will have a positive influence on the market.
Social: Increasing awareness about the health benefits of probiotic food products and supplements is a key factor driving the probiotic ingredients market. Rising prevalence of lifestyle diseases and gut disorders is also propelling consumers to adopt probiotic foods for their perceived therapeutic and prophylactic properties.
Technological: Advances in microbiome research and genomics have facilitated the development of new probiotic strain formulations with targeted health outcomes. New delivery technologies are enabling the incorporation of probiotic ingredients into various food and beverage products.

Key Takeaways

The Global Probiotic Ingredients Market Demand is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period 2023 to 2030, due to increasing health consciousness among consumers. The market size for 2023 is estimated to be US$ 5340.5 Bn.

Regional analysis: North America is expected to dominate the probiotic ingredients market during the forecast period. This is attributed to robust demand for probiotic supplemented foods and dietary supplements in the region. Asia Pacific is predicted to be the fastest growing market, stimulated by rising health expenditure and growing awareness about gut health in populous countries like India and China.

Key players operating in the probiotic ingredients market are Kerry Inc., Chr. Hansen Holding AS, Koninklijke DSM NV, DuPont De Neumors, Inc., Lallemand Inc., Associated British Foods PLC, Nutris, Archer Daniels Midland Company, Advanced Enzyme Technologies, and Orffa. These players are focused on new product launches and expanding to emerging economies.

Read More:

https://www.ukwebwire.com/probiotic-ingredients-market-trends-size-and-share-analysis/

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