Probiotic Ingredients Market Projected to Reach USD 4.96 Billion in 2021: Coherent Market Insights10/17/2023 Market Overview:
The global Probiotic Ingredients Market is estimated to be valued at USD 4.96 billion in 2021 and is expected to exhibit a CAGR of 3.9% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Probiotic ingredients refer to live bacteria and yeasts that are beneficial for human health when consumed in adequate amounts. These ingredients offer several health benefits, including improved digestion, enhanced immune function, and better nutrient absorption. The market for probiotic ingredients is driven by the growing awareness about the importance of gut health and the increasing demand for functional food and beverages. Market Key Trends: One key trend in the probiotic ingredients market is the rising popularity of probiotic supplements. With an increasing number of consumers becoming conscious about their health, there has been a significant demand for supplements that can promote gut health. Probiotic supplements are formulated to provide a concentrated dose of beneficial bacteria, ensuring maximum health benefits. They are available in various formats, such as capsules, tablets, and powders, making them convenient for daily consumption. Additionally, the growing geriatric population and the rising prevalence of digestive disorders are further driving the demand for probiotic supplements. Overall, the global probiotic ingredients market is witnessing significant growth due to the increasing consumer inclination towards maintaining a healthy lifestyle and the rising demand for functional food and beverages. The market is expected to witness further expansion in the coming years, driven by advancements in probiotic research and the introduction of innovative product formulations. Manufacturers in the market are focusing on developing new probiotic ingredients and expanding their product portfolios to cater to the evolving consumer preferences. Segment Analysis: The probiotic ingredients market can be segmented based on type, application, and region. By type, the market is dominated by bacteria-based probiotic ingredients, which accounted for a major share in 2021. This segment is expected to continue dominating the market throughout the forecast period. Bacteria-based probiotic ingredients have gained popularity due to their wide range of health benefits, including improved gut health, enhanced immunity, and better digestion. Moreover, these ingredients are extensively used in various food and beverage products, dietary supplements, and animal feed, further contributing to their dominance in the market. Key Takeaways: The global Probiotic Ingredients Market Share is expected to witness high growth, exhibiting a CAGR of 3.9% over the forecast period. This growth can be attributed to the increasing awareness among consumers regarding the importance of gut health and the rising demand for functional food and beverages. The market is also driven by the growing popularity of natural and organic ingredients, as probiotic ingredients are considered to be natural and beneficial for overall health. In terms of regional analysis, North America is the fastest-growing and dominating region in the probiotic ingredients market. This can be attributed to the increasing consumer preference for healthy and functional food products, along with the presence of major key players in this region. North America has witnessed a significant rise in demand for probiotic ingredients, as consumers are becoming more conscious about their health and wellness. Key players operating in the probiotic ingredients market include 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 key players are focused on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their customer base. With their extensive distribution networks and strong research and development capabilities, these key players are expected to drive the growth of the probiotic ingredients market in the coming years. Read More, https://www.insightprobing.com/probiotic-ingredients-market-trends-size-and-share-analysis/
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