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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,236.95 Million |
| Market Size by 2028 | US$ 2,072.09 Million |
| CAGR (2022 - 2028) | 9.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Probiotic Ingredients Market is valued at US$ 1,236.95 Million in 2022, it is projected to reach US$ 2,072.09 Million by 2028.
As per our report Asia Pacific Probiotic Ingredients Market, the market size is valued at US$ 1,236.95 Million in 2022, projecting it to reach US$ 2,072.09 Million by 2028. This translates to a CAGR of approximately 9.0% during the forecast period.
The Asia Pacific Probiotic Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Probiotic Ingredients Market report:
The Asia Pacific Probiotic Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Probiotic Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Probiotic Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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