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

Regional Analysis

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East and Africa: GCC, South Africa and Rest of Middle East and Africa

Global Probiotic Ingredients Market: Regional Analysis

Regionally, Asia Pacific is expected to dominate the global probiotic ingredients market over the forecast period. The growth is attributed to increased consumer awareness about preventive health and rising living standards. In addition, manufacturers are also expanding their manufacturing facilities in the region to meet growing consumer demand. Furthermore, manufacturers are developing proprietary strains of probiotics for specific applications. This will open up new avenues for the probiotic ingredients market in the region.

Figure 1. Global Probiotic Ingredients Market Share (%), By Region, 2022

Regionally, Asia Pacific dominated the Global Probiotic Ingredients market in terms of revenue, in 2022, followed by North America and Europe, respectively.