The North America probiotic ingredients market is expected to grow from US$ 1,090.05 million in 2022 to US$ 1,723.00 by 2028; it is estimated to grow at a CAGR of 7.9% from 2022 to 2028.
Manufacturers are fortifying food and beverages by adding nutritional additives, such as probiotics, fibers, vitamins, and minerals, to their product offerings. The major motive for incorporating additives in the food & beverages industry is to increase the health benefits of food products. Promising health benefits of probiotic-fortified food and rising participation of international bodies in the R&D approvals of probiotics are among the major factors influencing the North America probiotic ingredients market. Functional ingredients such as probiotics are used in yogurt to improve the quality of intestinal microflora. Such a trend is expected to fuel the market growth during the forecast period. Probiotic-fortified food includes yogurt, bars, snacks, and infant formulas. Probiotic drinks are functional beverages that can help improve gut health by balancing the intestine, thereby raising immunity. Consumers are becoming more health-conscious and focusing on their lifestyles and diets, resulting in a boom in demand for probiotic-fortified food & beverages in North America. Food manufacturers are developing various new products with instructions and pictures to fulfill consumer demand in response to the current healthy eating trend.
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 North America probiotic ingredients market. The North America probiotic ingredients market is expected to grow at a good CAGR during the forecast period.
North America Probiotic Ingredients Market Revenue and Forecast to 2028 (US$ Million)
North America Probiotic Ingredients Market Segmentation
The North America probiotic ingredients market is segmented based on type, application, and country. Based on type, the market is divided into lactobacillus, Bifidobacterium, and others. The lactobacillus segment dominated the North America probiotic ingredients market in 2022. Based on application, the North America probiotic ingredients market is categorized into functional food & beverages, pharmaceuticals & nutraceuticals, animal feed, and others. The functional food & beverages segment dominated the North America probiotic ingredients market in 2022. Based on country, the North America probiotic ingredients market is segmented into the US, Canada, and Mexico. The US would dominate the North America probiotic ingredients market in 2022.
Key players operating in the North America 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$ 1,090.05 Million |
| Market Size by 2028 | US$ 1,723.00 Million |
| CAGR (2022 - 2028) | 7.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
ADMNovozymes A/SChr. Hansen Holding A/SKerry Group plcLallemand IncIFF Nutrition & BiosciencesAngelYeast Co., LtdProbiotical S.p.AAdisseoProbiThe North America Probiotic Ingredients Market is valued at US$ 1,090.05 Million in 2022, it is projected to reach US$ 1,723.00 Million by 2028.
As per our report North America Probiotic Ingredients Market, the market size is valued at US$ 1,090.05 Million in 2022, projecting it to reach US$ 1,723.00 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The North America 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 North America Probiotic Ingredients Market report:
The North America Probiotic Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Probiotic Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Probiotic Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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