Probiotic Ingredients Market, By Type (Bacteria, Yeast, Spore Formers), By Application (Food and Beverage, Dietary Supplements, Animal Feed), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Sep 2023

Code : CMI5388

Pages :130

Formats :

Excel and PDF

Industry : Food Ingredients

Probiotic Ingredients MarketSize and Trends

The global probiotic ingredients market is projected to reach around US$ 7016.8 Billion by 2030, in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2023-2030).

Global Probiotic Ingredients Market: Trends

Usage of powdered ingredients is becoming increasingly popular: Powdered ingredients are gaining popularity across developing regions. This ongoing trend is projected to boost market growth positively. Capsules are an easy-to-open alternative compared to sticks and sachets. The probiotic powder capsule can be easily opened and sprinkled on food. Moreover, capsules minimize both the number of excipients required and the amount of packaging used for the product.
Major companies entering in developing region market: Key players are entering into new market across developing region. For instance, Israel-based supplement manufacturer, Anlit introduced its Long-Life Probiotic (LLP), Immune Probiotics, Zinc, and Elderberry (Sambuca nigris) bites. These are all-natural immunity-support gummies shaped like cubes and bears. All three products are market-ready for adoption into customized functional formulations.