Probiotic Ingredients in Functional Foods and Beverages: Market Outlook
As health concerns and demanding lifestyles push consumers toward convenient nutrition solutions, the probiotic ingredients market is witnessing significant growth. Transparency Market Research (TMR) recently conducted an extensive study that reveals a promising future for probiotic ingredients, driven by product innovation and customization. With a current market value of nearly US$ 4,200 Mn in 2018, the market is poised for steady growth, particularly in developing countries where potential remains largely untapped.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=57333
𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻: 𝗧𝗵𝗲 𝗡𝗲𝘄 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗱𝗮𝗴𝗲
Customization is emerging as a crucial strategy for probiotic ingredients manufacturers aiming to consolidate their market position. By developing ailment-specific products, companies are implementing strong customer acquisition strategies. This approach not only addresses specific health concerns but also fosters brand loyalty among consumers. TMR's research indicates that while developed countries have seen steady sales, developing countries present a significant opportunity for expansion, provided manufacturers deploy thoughtful marketing campaigns.
𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀
Probiotic ingredients have found applications across various food and beverage segments, including infant nutrition, cultured dairy products, bakery & confectionery, breakfast solutions, and snacks & bars. Recently, personal care & cosmetics, and animal feed has opened new avenues for growth. The shift from a 'reactive' to a 'preventive' consumer mindset, especially in Asia Pacific's developing countries, is driving increased spending on health and wellness products.
𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 𝗼𝗳 𝗙𝗼𝗼𝗱 𝗮𝗻𝗱 𝗣𝗵𝗮𝗿𝗺𝗮𝗰𝗲𝘂𝘁𝗶𝗰𝗮𝗹𝘀
The intersection of the food and pharmaceutical industries is blurring, with a shared focus on enhancing general health. This convergence is expected to lead to the development of flavorful, probiotic-infused food and beverage products. While powdered probiotic ingredients have traditionally dominated the market, there is a noticeable shift toward capsules and stick packs, which are gaining popularity as convenient consumable forms.
𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀
Despite the growth potential, the probiotic ingredients market faces challenges. Scientific scrutiny has led to a more cautious consumer base, with some shifting towards products with stronger scientific backing. Nevertheless, customization and ailment-specific product development remain key strategies for manufacturers.
𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗖𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀
In regions like Asia Pacific, where educational literature on probiotic benefits is limited, manufacturers can capitalize on expansion opportunities by forming strategic manufacturing-distributor partnerships and reducing prices to attract initial consumers. The growing health consciousness among consumers in BRICS countries further fuels the demand for probiotic ingredients.
𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲
The probiotic ingredients market is fragmented, with key players like Chr. Hansen, Probi AB, and Lallemand holding significant market shares. These companies invest heavily in research and development to launch innovative products and expand their portfolios. For instance, Chr. Hansen's recent launch of Galli Pro Fit, a multi-strain probiotic product for poultry, highlights the potential for innovation in this market.
Regional players, on the other hand, focus on developing customized products to expand their customer base. For example, Novozymes A/S's Innovation and Technology Center in Istanbul aims to reduce food wastage in the MEA region through enzyme development.
𝗔𝗯𝗼𝘂𝘁 𝗨𝘀 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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