Market Overview

Worldwide Probiotic Ingredients Market Analysis & Forecast 2018-2023 - Expected to Register a CAGR of 8.5% - ResearchAndMarkets.com

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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.

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.

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.

The demand for probiotic-formulated food products in North America has
increased, with the growing number of product launches at the consumer
level.

The global probiotic ingredients market is segmented region-wise, with a
detailed analysis of each region. These regions include North America,
Europe, Asia Pacific, and RoW.

Market Dynamics

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

Restraints

  • International Quality Standards and Regulations for Probiotic Products

Opportunities

  • EU Ban on Antibiotic Growth Promoters in Feed
  • Increasing Demand for Probiotics in Developed Economies
  • Promoting Probiotic Health Benefits Among Livestock Farmers

Challenges

  • Complexities in Integrating Probiotics in Functional Food
  • Significant Operating Cost
  • Proving the Efficacy of Probiotic Strains

Leading Players

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

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Regulatory Framework and Patents

7 Probiotic Ingredients Market, By Application

8 Probiotic Ingredients Market, By Source

9 Probiotics Ingredients Market, By Form

10 Probiotics Ingredients Market, By End User

11 Probiotic Ingredients Market, By Region

12 Competitive Landscape

13 Company Profiles

  • Biena
  • Bifodan
  • Biogaia
  • Chr. Hansen
  • DowDuPont
  • GLAC Biotech
  • Kerry
  • Lallemand
  • Probi
  • UAS Laboratories

For more information about this report visit https://www.researchandmarkets.com/research/jdts7f/worldwide?w=4

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