PROBIOTIC INGREDIENTS MARKET ANALYSIS

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.