North America Probiotic Ingredients Market Analysis by Current Status and Growth Opportunities, Top Key Players, and Forecast by 2028
According to Business Market Insights’ research, the North America Probiotic Ingredients Market was valued at US$ 1,090.05 million in 2022 and is expected to reach US$ 1,723.00 million by 2028, registering an annual growth rate of 7.9% from 2022 to 2028. Increasing consumer focus on preventive health and rising demand for probiotic-fortified food & beverages.
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The List of Companies
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
Probiotic-Fortified Foods and Beverages Drive Growth in North America
Manufacturers are increasingly incorporating nutritional additives, such as probiotics, fibers, vitamins, and minerals, into their food and beverage products. This strategic fortification aims to enhance the health benefits of these offerings.
Key Market Drivers:
- Enhanced Health Benefits:
- The primary motivation for adding probiotics is to increase the health benefits of food products.
- Probiotic-Fortified Foods:
- Probiotic-fortified foods, including yogurt, bars, snacks, and infant formulas, are gaining significant traction.
- Yogurt, in particular, utilizes probiotics to improve intestinal microflora quality.
- Probiotic Drinks:
- Probiotic drinks are functional beverages designed to enhance gut health by balancing the intestine and boosting immunity.
- Consumer Health Consciousness:
- Consumers are becoming increasingly health-conscious, focusing on their lifestyles and diets.
- This heightened awareness is driving a surge in demand for probiotic-fortified food and beverages in North America.
- Manufacturer Innovation:
- Food manufacturers are actively developing new products with clear instructions and visual aids to meet consumer demand within the healthy eating trend.
- R&D and International Approvals:
- 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 market.
North America Probiotic Ingredients Market Outlook:
- The increasing demand for health-enhancing food and beverage products is driving the growth of the probiotic ingredients market.
- Vendors are leveraging new features and technologies to attract customers and expand their market reach.
- The North America probiotic ingredients market is expected to experience a strong Compound Annual Growth Rate (CAGR) during the forecast period.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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