Dublin, Jan. 31, 2019 (GLOBE NEWSWIRE) -- 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 ResearchAndMarkets.com'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 2.1.2.1 Key Industry Insights 2.1.2.2 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 5.2.1.1 Health Benefits Associated With Probiotic-Fortified Foods 5.2.1.2 Increasing Popularity of Probiotic Dietary Supplements 5.2.1.3 Participation of International Bodies in the R&D of Probiotics 5.2.1.4 Increasing Global Demand for Superior-Quality Feed Products 5.2.2 Restraints 5.2.2.1 International Quality Standards and Regulations for Probiotic Products 5.2.3 Opportunities 5.2.3.1 Eu Ban on Antibiotic Growth Promoters in Feed 5.2.3.2 Increasing Demand for Probiotics in Developed Economies 5.2.3.3 Promoting Probiotic Health Benefits Among Livestock Farmers 5.2.4 Challenges 5.2.4.1 Complexities in Integrating Probiotics in Functional Food 5.2.4.2 Significant Operating Cost 5.2.4.3 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 7.2.1.1 Yogurt 7.2.1.2 Cheese 7.2.1.3 Other Dairy Products 7.2.2 Non-Dairy Products 7.2.2.1 Vegetable-Based Probiotic Products 7.2.2.2 Fruit-Based Probiotic Products 7.2.2.3 Meat-Based Probiotic Products 7.3 Pharmaceuticals 7.3.1 Dietary Supplements 7.3.1.1 Tablets 7.3.1.2 Probiotic Drinks 7.3.1.3 Powders 7.3.1.4 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 11.2.1.1 US Accounted for the Largest Share in North American Market Due to Higher Adoption of Technologies 11.2.2 Canada 11.2.2.1 Canada has Huge Potential for Probiotic Ingredients Due to Increasing Investments By Big Players 11.2.3 Mexico 11.2.3.1 Increasing Demand From the Pharmaceuticals Industry is Expected to Drive the Market for Probiotic Strains in Mexico 11.3 Europe 11.3.1 UK 11.3.1.1 Higher Pace of Technological Advancements is Driving the Market for Probiotic Ingredients in the Country 11.3.2 Germany 11.3.2.1 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 11.3.3.1 Consumer Awareness About Health Benefits of Probiotics is Driving the Market in the Country 11.3.4 Spain 11.3.4.1 Increasing Investment in Probiotics By Big Players in the Country is Driving the Market 11.3.5 Russia 11.3.5.1 Increasing Demand for Fermented Dairy Products in the Country is Driving the Market for Probiotic Ingredients 11.3.6 Rest of Europe 11.3.6.1 Consumer Acceptance for Probiotic Products Driving the Market for Probiotic Ingredient 11.4 Asia Pacific 11.4.1 China 11.4.1.1 The Market in China is Growing Due to the Increasing Application of Probiotics in Infant Formula Business 11.4.2 Japan 11.4.2.1 Increase in Health Care Costs is One of the Driving Forces for the Probiotic Ingredients Market 11.4.3 Australia & New Zealand 11.4.3.1 Technological Advancements in Probiotics is Driving the Market in the Countries 11.4.4 India 11.4.4.1 India has Huge Potential Due to the Increase in Pharmaceutical Companies Investing in Development of Probiotic Drugs 11.4.5 Rest of Asia Pacific 11.4.5.1 Fermented Dairy Products Have Gained Popularity in These Countries 11.5 RoW 11.5.1 South America 11.5.1.1 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 11.5.2.1 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
For more information about this report visit https://www.researchandmarkets.com/research/z...iotic?w=12
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Health Food and Sports Nutrition, Food Ingredients
