Probiotic Ingredients Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0195852
  • Format: Electronic (PDF)
  • Number of Pages: 204
  • Author(s): Joshi, Madhavi

Report Overview

The Probiotic Ingredients Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 7 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.00% during the forecast period (2024-2030).

Probiotic Ingredients Market

(Market Size)
$3.2 billion
$7 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.00%
2023 Market Size USD 3.2 billion
2030 Market Size USD 7 billion
Key Players Chr. Hansen, DuPont, DSM, Kerry, Lallemand

Market Summary

The probiotic ingredients market is a dynamic and rapidly growing segment within the global food and beverages industry, driven by increasing consumer awareness of the connection between gut health and overall wellness. These live microorganisms, when administered in adequate amounts, confer a health benefit on the host, making them a sought-after component in a wide array of consumable products. The market is characterized by continuous innovation as manufacturers develop new strains and delivery formats to meet evolving consumer demands for health-focused functional foods. Research and development activities are intensely focused on substantiating health claims and enhancing the stability and efficacy of probiotic strains through various production and encapsulation technologies. The competitive landscape is populated by both established multinational corporations and specialized ingredient suppliers, all vying for market share through product differentiation and strategic partnerships. This market is not only responding to current health trends but is also actively shaping future directions in nutritional science and functional food development, positioning it as a critical area for investment and growth within the broader food and beverage sector.

Key Highlights

The probiotic ingredients market is distinguished by several pivotal factors that underscore its significance and potential. A primary highlight is the robust scientific validation supporting the health benefits of specific probiotic strains, which has been instrumental in gaining regulatory approvals and building consumer trust. This scientific backing enables manufacturers to make substantiated claims regarding digestive health, immune support, and even mental well-being, expanding the application scope beyond traditional yogurt and supplements. Another key aspect is the intense focus on technological advancements in microencapsulation and stabilization techniques, which are crucial for protecting the viability of delicate probiotic organisms through processing, shelf-life, and the harsh environment of the human gastrointestinal tract. The market is also witnessing a significant trend towards personalization, with companies exploring tailored probiotic solutions designed for specific demographics, health conditions, and even individual microbiomes. Furthermore, the expansion into non-dairy and vegan delivery formats, such as plant-based beverages, cereals, and snack bars, represents a major innovation avenue, making probiotic benefits accessible to a broader consumer base and aligning with prevailing dietary trends.

Drivers, Opportunities & Restraints

The growth trajectory of the probiotic ingredients market is propelled by a confluence of powerful drivers, primarily the escalating consumer focus on preventive healthcare and wellness. This shift in consumer behavior is fueled by greater access to health information and a growing preference for natural and functional ingredients over synthetic alternatives. The rising prevalence of digestive disorders and increased stress levels in modern lifestyles further amplify the demand for products that support gut health. Significant opportunities abound in the exploration of new, clinically proven probiotic strains with targeted health benefits beyond general digestion, such as those supporting skin health, weight management, and cognitive function. The untapped potential in emerging economies, where disposable incomes and health awareness are rising, presents a substantial growth frontier for market players. However, the market faces considerable restraints, including the high cost of research and clinical trials required to validate health claims, which can be a barrier for smaller companies. Stringent and varying regulatory frameworks across different countries also pose a challenge for global market entry and product labeling. Additionally, maintaining the viability and stability of live microorganisms throughout a product's supply chain and shelf life remains a significant technical hurdle that can impact product efficacy and consumer satisfaction.

Concentration Insights

The global probiotic ingredients market exhibits a moderately concentrated landscape, dominated by a mix of large-scale multinational corporations and specialized biotechnology firms that possess advanced research capabilities and extensive production infrastructure. Key players such as Chr. Hansen Holding A/S, DuPont Nutrition & Biosciences, Kerry Group, and Lallemand Inc. command significant market share due to their vast portfolios of patented strains, strong technical expertise, and established relationships with major food and beverage brands. These industry leaders compete intensely on the basis of scientific research, product innovation, and the ability to offer customized solutions. Alongside these giants, a vibrant ecosystem of smaller, niche companies thrives by focusing on specific probiotic strains, novel delivery systems, or targeting particular application segments. The concentration is also evident in the ownership of intellectual property related to specific, well-researched bacterial strains, which creates a competitive moat for those holding the patents. Strategic activities such as mergers and acquisitions, partnerships with academic institutions, and collaborations with end-product manufacturers are common as companies seek to bolster their market position, expand their geographic reach, and enhance their technological capabilities in strain development and formulation.

Type Insights

The probiotic ingredients market is segmented by type, primarily into bacteria and yeast, with bacterial strains holding the predominant share. Within the bacteria segment, Lactobacillus and Bifidobacterium are the most widely recognized and extensively utilized genera, featured in a vast majority of commercial products due to their well-documented health benefits and general recognition of safety. Lactobacillus strains are commonly found in fermented dairy products and are renowned for their role in supporting digestive health and lactose intolerance. Bifidobacterium species are also crucial for gut health, particularly in colonizing the large intestine and contributing to a balanced microbiome. Other bacterial strains like Streptococcus thermophilus and Bacillus coagulans are gaining prominence for their resilience and specific health applications. The yeast segment, though smaller, is significant and is predominantly represented by Saccharomyces boulardii, which is highly valued for its efficacy in addressing digestive distress and its stability compared to some bacterial strains. The selection of probiotic type is a critical decision for manufacturers, dictated by the desired health benefit, compatibility with the food or beverage matrix, required shelf-life stability, and the ability to survive transit through the stomach to colonize the intestines effectively.

Application Insights

The application of probiotic ingredients spans a diverse and expanding range of categories within the food and beverage industry, reflecting their integration into daily consumption patterns. The most traditional and established application remains dairy products, including yogurts, kefir, cultured milk, and cheeses, which provide an ideal environment for probiotic viability and have high consumer acceptance. However, the most dynamic growth is observed in non-dairy applications, driven by lactose intolerance, veganism, and general dietary diversification. This includes plant-based beverages from almond, soy, oat, and coconut, as well as fermented vegetable products. Dietary supplements represent another major application segment, offering concentrated doses of probiotics in various formats like capsules, tablets, and powders, appealing to consumers seeking targeted health solutions. Furthermore, probiotics are increasingly being incorporated into everyday food items such as cereals, granola bars, baked goods, chocolates, and even infant formula, demonstrating the ingredient's versatility. The beverage industry is also innovating with probiotic-infused juices, smoothies, and waters, creating convenient and refreshing delivery options. Each application presents unique challenges regarding pH stability, oxygen sensitivity, and interaction with other ingredients, necessitating careful strain selection and technological solutions.

Regional Insights

The demand for probiotic ingredients demonstrates distinct regional patterns influenced by cultural acceptance, regulatory environments, consumer awareness, and economic development. North America and Europe are well-established, mature markets characterized by high consumer awareness, strong scientific research infrastructure, and a high penetration of probiotic products, particularly in the dietary supplement and dairy sectors. These regions are driven by a proactive consumer base that actively seeks out functional foods for health maintenance. The Asia Pacific region, however, is recognized as the fastest-growing market and is often considered the epicenter of probiotic innovation and consumption, largely due to a long-standing cultural tradition of consuming fermented foods in countries like Japan, South Korea, and China. Countries such as India and China present immense growth potential due to their large populations, rising middle class, and increasing health consciousness. Latin America and the Middle East and Africa are emerging markets where growth is fueled by urbanization, rising disposable incomes, and the gradual expansion of product availability by global and regional players. Despite this growth, these emerging regions may face challenges related to infrastructure for cold chain logistics and varying levels of regulatory harmonization, which can affect market dynamics and the pace of expansion.

Company Insights

The competitive arena of the probiotic ingredients market is populated by a strategic mix of global science-led corporations and specialized bioscience companies, each leveraging core competencies to secure their position. Leading entities like Chr. Hansen Holding A/S and International Flavors & Fragrances Inc. (IFF) through its DuPont Nutrition & Biosciences division are renowned for their extensive libraries of patented microbial strains, robust clinical research, and global supply chain capabilities. Kerry Group and Royal DSM are also major forces, offering comprehensive solutions that often combine probiotics with other nutraceuticals like prebiotics (creating synbiotics) and postbiotics. Lallemand Inc. is another key player, with a strong focus on yeast-based probiotics and baker's yeast. Companies such as Probi AB and BioGaia AB have carved out strong niches by specializing in specific, clinically documented probiotic strains and often operate through a B2B2C model, partnering with consumer goods companies. These players compete not merely on price but increasingly on scientific substantiation, technological prowess in stabilization and delivery, the ability to provide application-specific solutions, and strong regulatory support for their ingredients across different international markets. Strategic partnerships with food manufacturers and academic institutions are commonplace to drive innovation and market penetration.

Recent Developments

The probiotic ingredients market is characterized by a flurry of recent activities focused on innovation, expansion, and strategic consolidation. A prominent trend is the increased investment in research aimed at discovering and validating next-generation probiotic strains that address specific health conditions beyond general digestive wellness, such as metabolic health, immune modulation, and mental well-being. There has been a noticeable surge in the development and commercialization of probiotic solutions tailored for non-dairy and plant-based applications, directly responding to the explosive growth in vegan and free-from product categories. On the corporate front, strategic mergers and acquisitions continue to shape the landscape, as larger entities seek to acquire innovative startups with unique strains or technologies to bolster their portfolios and market reach. Collaborations between ingredient suppliers and food or pharmaceutical companies are also frequent, aimed at co-developing novel finished products that meet precise consumer needs. Furthermore, advancements in microencapsulation and lyophilization technologies have been a key area of development, enhancing the stability and efficacy of probiotics in a wider range of food matrices and under challenging storage conditions. Companies are also increasingly focusing on sustainability initiatives, optimizing production processes to reduce environmental impact, which is becoming a differentiator in the marketplace.

Report Segmentation

This comprehensive market research report on the probiotic ingredients market provides a detailed analysis structured through a methodical segmentation approach, enabling a granular understanding of the industry dynamics. The report is meticulously segmented by type, categorizing the market into key groups such as Lactobacillus, Bifidobacterium, Streptococcus, and Yeast, among others, to analyze the demand and growth patterns for each microbial type. It is further segmented by application, providing deep insights into the utilization of probiotics across diverse categories including Dairy Products, Non-Dairy Beverages, Dietary Supplements, Cereals, Bakery Products, and Infant Nutrition. Each application segment is evaluated for its market potential, unique challenges, and innovation trends. A crucial segmentation by form is included, distinguishing between Liquid and Dry probiotics, which is vital for understanding formulation requirements and supply chain considerations. Geographically, the report offers a thorough regional analysis, breaking down the market into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with further country-level analysis for major markets within these regions to identify specific growth opportunities and regulatory landscapes. This multi-dimensional segmentation provides stakeholders with actionable intelligence to identify niche segments, understand competitive pressures, and formulate effective market entry and expansion strategies.

FAQs

What are the most common types of probiotic bacteria?

The most prevalent types of probiotic bacteria belong to the Lactobacillus and Bifidobacterium genera. Lactobacillus strains, such as L. acidophilus and L. casei, are commonly found in yogurt and fermented foods and are known for supporting small intestine health. Bifidobacterium strains, including B. lactis and B. longum, primarily reside in the large intestine and are crucial for overall gut flora balance and function.

What foods are high in probiotics?

Foods naturally high in probiotics include traditionally fermented products like yogurt, kefir, sauerkraut, kimchi, miso, tempeh, and certain pickles. In the modern market, there is also a growing category of fortified foods and beverages where probiotics are added during processing, such as in certain juices, granola bars, non-dairy yogurts, and even some types of dark chocolate.

How do probiotics work in the gut?

Probiotics work in the gut by helping to maintain a healthy balance of microorganisms. They compete with potentially harmful bacteria for space and nutrients, potentially inhibiting their growth. Some probiotics also produce substances like short-chain fatty acids that create an unfavorable environment for pathogens and support the cells lining the gut. Furthermore, they play a role in modulating the immune system and aiding in the digestion and absorption of nutrients.

What is the difference between probiotics and prebiotics?

The key difference lies in their function. Probiotics are live beneficial bacteria that are introduced into the gut to contribute to the population of healthy microbes. Prebiotics, on the other hand, are non-digestible fibers that act as a food source for the beneficial bacteria already residing in the gut, helping them to grow and thrive. Essentially, probiotics are the microorganisms themselves, while prebiotics are the fuel that helps them prosper.

Are there any side effects of taking probiotics?

For most healthy individuals, probiotics are considered safe and side effects are typically mild and digestive in nature, if they occur at all. These can include temporary gas, bloating, or mild stomach discomfort, which often subside after a short period as the body adjusts. However, individuals with compromised immune systems or serious underlying illnesses should consult a healthcare professional before using probiotic supplements, as there is a risk of infection in very rare cases.

Citius Research has developed a research report titled “Probiotic Ingredients Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Probiotic Ingredients Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Probiotic Ingredients Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Probiotic Ingredients Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Probiotic Ingredients Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Probiotic Ingredients Market
• Research Methodology
• Executive Summary
• Market Dynamics of Probiotic Ingredients Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Probiotic Ingredients Market
• Cost and Gross Margin Analysis of Probiotic Ingredients Market
• Probiotic Ingredients Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Probiotic Ingredients Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Probiotic Ingredients Market Key Stakeholders

Below are the key stakeholders for the Probiotic Ingredients Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Probiotic Ingredients Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Probiotic Ingredients Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Probiotic Ingredients Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Probiotic Ingredients Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Probiotic Ingredients Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Probiotic Ingredients Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Probiotic Ingredients Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Probiotic Ingredients Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Probiotic Ingredients Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Probiotic Ingredients Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Probiotic Ingredients Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Probiotic Ingredients Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Probiotic Ingredients Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Probiotic Ingredients Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Probiotic Ingredients Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Probiotic Ingredients Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Probiotic Ingredients Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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