Asia Pacific Probiotic Ingredients Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lactobacillus, Bifidobacterium, and Others) and Application (Functional Food & Beverages, Pharmaceuticals & Nutraceuticals, Animal Feeds, and Others)
The Asia Pacific probiotic ingredients market is expected to grow from US$ 1,236.95 million in 2022 to US$ 2,072.09 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2022 to 2028.
Manufacturers are incorporating probiotics in personal care products. Further, they are investing in research and development activities related to probiotics to address the needs of consumers. For instance, in May 2021, Probi AB and Competence Centre on Health Technologies (CCHT) inked a long-term R&D collaboration agreement. It aims to create new products for women's health based on probiotic lactobacilli strains. Further, Lac2Biome—an Italian health startup—stands out with its Infinite Skin Microbiome Serum, which is made with a blend of hyaluronic acids and a strain of live probiotics. Moreover, probiotic supplements for vaginal health are also becoming a trend, and manufacturers are launching vaginal health supplements. For instance, in March 2022, Queen V, a feminine wellness brand, launched "DD Probiotic Daily Dose Supplement" to promote vaginal health by balancing yeast and bacteria while supporting digestive, immune, and antioxidant health. Probiotics are making their way into the cleaning aisle as a green alternative to conventional cleaners.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific probiotic ingredients market. The Asia Pacific probiotic ingredients market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Probiotic Ingredients Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Probiotic Ingredients Market Segmentation
The Asia Pacific probiotic ingredients market is segmented based on type, application, and country. Based on type, the Asia Pacific probiotic ingredients market is divided into lactobacillus, bifidobacterium, and others. The lactobacillus would dominate the Asia Pacific probiotic ingredients market in 2022. Based on application, the Asia Pacific probiotic ingredients market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages would dominate the Asia Pacific probiotic ingredients market in 2022. Based on country, the Asia Pacific probiotic ingredients market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific would dominate the Asia Pacific probiotic ingredients market in 2022.
Key players operating in the Asia Pacific probiotic ingredients market include ADM; Novozymes A/S; Chr. Hansen Holding A/S; Kerry Group plc; Lallemand Inc; IFF Nutrition & Biosciences; AngelYeast Co., Ltd; Probiotical S.p.A; Adisseo; and Probi by Altair.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. APAC Probiotic Ingredients Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. APAC Probiotic Ingredients Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Consumer Focus on Preventive Health
5.1.2 Increasing Demand for Probiotic-Fortified Food and Beverages
5.2 Market Restraints
5.2.1 Regulatory Problems
5.3 Market Opportunities
5.3.1 Reduced Use of Antibiotics in Animal Feed
5.4 Future Trends
5.4.1 Product Offerings with Probiotics as a Key Ingredient
5.5 Impact Analysis of Drivers and Restraints
6. Probiotic Ingredients – APAC Market Analysis
6.1 APAC Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Probiotic Ingredients Market Analysis – By Type
7.1 Overview
7.2 APAC Probiotic Ingredients Market, By Type (2021 and 2028)
7.3 Lactobacillus
7.3.1 Overview
7.3.2 Lactobacillus: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Bifidobacterium
7.4.1 Overview
7.4.2 Bifidobacterium: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Mn)
8. APAC Probiotic Ingredients Market Analysis – By Application
8.1 Overview
8.2 APAC Probiotic Ingredients Market, By Application (2021 and 2028)
8.3 Functional Food & Beverages
8.3.1 Overview
8.3.2 Functional Food & Beverages: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceuticals & Nutraceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals & Nutraceuticals: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)
8.5 Animal Feed
8.5.1 Overview
8.5.2 Animal Feed: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Probiotic Ingredients Market– Revenue and Forecast to 2028 (US$ Mn)
9. APAC Probiotic Ingredients Market – By Country Analysis
9.1 Asia Pacific: Probiotic Ingredients Market
9.1.1 Asia Pacific: Probiotic Ingredients Market, by Key Country
9.1.1.1 China: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 China: Probiotic Ingredients Market, By Type
9.1.1.1.2 China: Probiotic Ingredients Market, by Application
9.1.1.2 Japan: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Japan: Probiotic Ingredients Market, By Type
9.1.1.2.2 Japan: Probiotic Ingredients Market, by Application
9.1.1.3 India: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Probiotic Ingredients Market, By Type
9.1.1.3.2 India: Probiotic Ingredients Market, by Application
9.1.1.4 Australia: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Australia: Probiotic Ingredients Market, By Type
9.1.1.4.2 Australia: Probiotic Ingredients Market, by Application
9.1.1.5 South Korea: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Probiotic Ingredients Market, By Type
9.1.1.5.2 South Korea: Probiotic Ingredients Market, by Application
9.1.1.6 Rest of Asia Pacific: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Probiotic Ingredients Market, By Type
9.1.1.6.2 Rest of Asia Pacific: Probiotic Ingredients Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 ADM
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Novozymes A/S
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Chr. Hansen Holding A/S
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kerry Group plc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Lallemand Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 IFF Nutrition & Biosciences
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 WOT Analysis
11.6.6 Key Developments
11.7 AngelYeast Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Probiotical S.p.A.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Adisseo
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Probi
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. APAC Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. China Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Japan Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Australia Probiotic Ingredients Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Australia Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific Probiotic Ingredients Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Probiotic Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Probiotic Ingredients Market Segmentation
Figure 2. APAC Probiotic Ingredients Market Segmentation – by Country
Figure 3. APAC Probiotic Ingredients Market Overview
Figure 4. APAC Probiotic Ingredients Market: By Type
Figure 5. APAC Probiotic Ingredients Market: by Country
Figure 6. APAC Porter's Five Forces Analysis: Probiotic Ingredients Market
Figure 7. APAC Expert Opinion
Figure 8. APAC Ecosystem: Probiotic Ingredients Market
Figure 9. APAC Probiotic Ingredients Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Probiotic Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Probiotic Ingredients Market Revenue Share, By Type (2021 and 2028)
Figure 12. APAC Lactobacillus: Probiotic Ingredients Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. APAC Bifidobacterium: Probiotic Ingredients Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. APAC Others: Probiotic Ingredients Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. APAC Probiotic Ingredients Market Revenue Share, By Application (2021 and 2028)
Figure 16. APAC Functional Food & Beverages: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)
Figure 17. APAC Pharmaceuticals & Nutraceuticals: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)
Figure 18. APAC Animal Feed: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)
Figure 19. APAC Others: Probiotic Ingredients Market– Revenue and Forecast To 2028 (US$ Mn)
Figure 20. APAC: Probiotic Ingredients Market, by Key Country – Revenue (2021) (US$ Million)
Figure 21. Asia Pacific: Probiotic Ingredients Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. China: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Japan: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Australia: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia Pacific: Probiotic Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- ADM
- Novozymes A/S
- Chr. Hansen Holding A/S
- Kerry Group plc
- Lallemand Inc
- IFF Nutrition & Biosciences
- AngelYeast Co., Ltd
- Probiotical S.p.A
- Adisseo
- Probi
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC probiotic ingredients market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC probiotic ingredients market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC probiotic ingredients market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution