Increasing Global Demand for Superior-Quality Feed Products Drives the Probiotic Ingredients Market

26/feb/2019 11:33:57 MarketsandMarkets Contatta l'autore

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The probiotic ingredients market is projected to grow from  USD 268 million in 2018 to USD 402 million by 2023, at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The increasing demand for dietary supplements in the pharmaceuticals, cosmetics, and personal care industries is projected to drive the market for probiotics, which in turn is projected to drive the market growth for probiotic ingredients.

Report Objectives:

  • Determining and projecting the size of the probiotic ingredients market with respect to its application, source, form, end user, and regional markets, over a five-year period ranging from 2018 to 2023
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Analyzing the demand-side factors on the basis of the following:
  • Impact of macro- and micro-economic factors on the market
  • Shifts in demand patterns across different sub-segments and regions
  • Identifying and profiling key players in the probiotic ingredients market
  • Providing a comparative analysis of the market leaders on the basis of the following:
  • Product offerings
  • Business strategies
  • Strengths, weaknesses, opportunities, and threats
  • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Prominent market players Analyzing the supply chain and regulatory frameworks
  • Providing insights on key investments in product innovations and technology and patent registrations

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By application, the functional food & beverages segment is projected to account for the largest share in the probiotic ingredients market

The wide application of probiotic strains in the manufacture of products such as cheese, yogurt, and other dairy products. Laconic acid bacteria and bifidobacteria, besides yeast. They are considered to be safe for consumption and to be used in the fermented foods and dairy products industry.  

The bacteria segment, by source, accounts for the largest market size during the forecast period

The bacterial segment is projected to hold the larger market share as it offers various health benefits. Gram-positive bacteria, which belongs to the genus Bacillus and yeast strains that belong to the genus Saccharomyces . For instance, Lactobacillus acidophilus when used to prevent vaginal infections, while Bifidobacterium infantis helps the host combat bloating, diarrhea, constipation, and ulcerative colitis.       

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Asia Pacific is projected to account for the largest market share during the forecast period

The Asia Pacific region is projected to hold the largest market due to the natural predisposition among consumers in this region for taking supplements. China, India, and Japan are projecting their growth into the segment of infant formula within probiotics. There is also a growing awareness among the people in India and Japan about using alternatives such as probiotics for the treatment and prevention of lifestyle disorders. The probiotics are gaining popularity in the Asia Pacific market in the animal nutrition segment.

Key Market Players:

The major players in the probiotic ingredients market are Kerry (Ireland), DowDuPont (US), CHR. Hansen (Denmark), Biogaia (Sweden), Probi (Sweden), Glac Biotech (Taiwan), Bifodan (Denmark), Lallemand (Canada), UAS Laboratories (US), and Biena (US). Of these companies, CHR Hansen, DowDuPont, Lallemand and Kerry have been the largest market share of 70% in the probiotic ingredients market. These companies are focusing on agreements and product launches to establish themselves in the market.

Recent Developments:

  • In March 2018, Kerry Group acquired, Ganeden Inc., a US-based developer, and manufacturer of probiotics, to complement its existing portfolio. Ganeden Inc. would help to strengthen Kerry's nutrition and general positioning in the US market.
  • In September 2016, to strengthen its probiotic offering, Chr. Hansen acquired LGG, the world's best documented probiotic strain from Valio Ltd. Valio is a Swedish company that provides a range of ingredients for the food & beverage industry, as well as consumer products.
  • In January 2018, Biogaia introduced Protectis Probiotics-chewable tablets containing Lactobacillus reuteri Protectis and Vitamin D. This article was found to be related to the probiotic strains segment.  
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