Probiotics are basically live microorganisms, and when these microorganisms are administered in adequate amounts, they confer several health benefits on the host. This type of microorganisms is naturally found in fermented foods, and these are consist of bacteria & yeasts. They can further be artificially added to some other food products, which are then sold in the marketplace mainly in the form of dietary supplements. Probiotics consumption is mainly promoted to be essential since it helps to boost the immunity level of the users, and this is done by the microflora existing in them. The regular consumption of probiotic further prevents diseases related to oral health, necrotizing enterocolitis, urinary tract, bacterial vaginosis, respiratory infections, and bowel diseases.
The "Global Probiotic Ingredients Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the probiotic ingredients market with detailed market segmentation by source, form, application, and geography. The report provides key statistics on the market status of the leading probiotic ingredients market players and offers key trends and opportunities in the market.
- Based on source, the global probiotic ingredients market is segmented into bacteria and yeast
- Based on form, the global probiotic ingredients market is segmented into dry and liquid
- Based on application, the market is bifurcated into functional foods and beverages, pharmaceuticals and nutraceuticals, and animal nutrition
- Higher and diverse application in nutraceuticals
- Growing adoption of probiotic ingredients in emerging countries
- Rising popularity of probiotic functional foods and beverages among consumers
- Several food regulations on probiotic ingredients may restrict the market growth.
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The probiotic ingredients market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the probiotic ingredients market in these regions.
IMPACT OF COVID-19 ON PROBIOTIC INGREDIENTS MARKET
As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the probiotic ingredients market. However, as the economies are planning to revive their operations, the demand for probiotic ingredients is presumed to rise since consumers are buying food products through online retailers and increasing demand for more food products. Some of the safety measures followed by the food processing companies include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
The report covers key developments in the probiotic ingredients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the probiotic ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for probiotic ingredients in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the probiotic ingredients market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Kerry Group
- Chr. Hansen Holding A/S
- Sabinsa Corporation
- Synbio Tech Inc.
- Novozymes A/S
- LALLEMAND Inc.
- UAS Laboratories
- DowDupont Inc.
- Yakult Honsha Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.