Probiotic Ingredients Market Growing With Rising Consumer Awareness About Health Benefits
Probiotic ingredients are live microorganisms that provide health benefits when consumed. Probiotic ingredients are commonly found in yogurts, kefir, sauerkraut, kimchi, and other fermented foods. These ingredients work by improving the gut flora balance. Probiotic ingredients contain beneficial bacteria like Lactobacillus and Bifidobacterium that help support digestive health. Common probiotic ingredients used in functional foods and supplements include Lactobacillus acidophilus, Bifidobacterium bifidum, Lactobacillus casei, Lactobacillus rhamnosus, Lactobacillus reuteri and Lactobacillus plantarum. The global probiotic ingredients market is estimated to be valued at US$ 5340.5 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising consumer awareness about the health benefits of probiotic ingredients is a key driver estimated to witness high growth. Consumption of probiotic ingredients aids digestion health, boosts immunity, and reduces risk of diseases. Research has found probiotic ingredients to benefit gut microbiome balance, mental health, and weight management. Another driver is growth of functional foods and supplement products containing probiotic strains. Leading manufacturers are innovating new product formulations with specific probiotic strains tailored to address targeted health conditions. Probiotic yogurt drinks, gummies, shots, powders are gaining popularity among young health-conscious consumers.
SWOT Analysis
Strength: Probiotic ingredients have various health benefits which drives their demand. They help maintain intestinal balance and support immune and digestive health. Rising awareness about gut health is increasing probiotic consumption.
Weakness: Sensitivity to heat and moisture during processing and storage affects probiotic viability. Precise specifications and rigorous quality control is required during manufacturing which increases costs.
Opportunity: Growth in functional food and supplement markets provides opportunities for probiotic ingredients. Launch of innovative probiotic formulations targeting specific health issues can boost sales. Adoption in infant nutrition and elderly products present new avenues.
Threats: Strict regulations for new strain approval and commercialization extends product development timeframe. Competition from prebiotics and increasing consumer interest in natural alternatives pose threats.
Key Takeaways
The global Probiotic Ingredients Market Share is expected to witness high growth. The market size is projected to reach US$ 5340.5 Bn by 2030, expanding at a CAGR of 4.0% during the forecast period.
Regional analysis: North America dominates currently due to heightened health awareness and demand for digestive health products. Asia Pacific is expected to grow the fastest owing to rising incomes, westernization of diets, and growing middle-class population opting for premium wellness products.
Key players: 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.
For more insights, read- https://dailynewsmotion.weebly.com/report-blog/probiotic-ingredients-market-growing-with-rising-consumer-awareness-about-health-benefits
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