Probiotic Ingredients Market: Trends, Growth Drivers, and Future Outlook
The probiotic ingredients market is experiencing dynamic growth, driven by increasing consumer awareness of health and wellness, rising demand for functional foods and beverages, and advances in gut health research. Probiotics — live microorganisms that provide health benefits when consumed in adequate amounts — have become an essential component in the modern health and nutrition landscape.
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Probiotic Ingredients Market Will Hit Big Revenues In Future
The report “Probiotic Ingredients Market by Application (Functional Foods & Beverages, Pharmaceuticals, and Animal Nutrition), Source (Bacteria and Yeast), Form (Dry and Liquid), End User (Human and Animal), and Region – Global Forecast to 2023″, is estimated at USD 268 million in 2018 and is projected to reach USD 402 million by 2023, growing at a CAGR of 8.5% during the forecast...
Factors Driving the Probiotic Ingredients Market
The probiotic ingredients market is projected to grow from USD 268 million in 2018 to USD 402 million by 2023, at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The increasing demand for dietary supplements in the pharmaceuticals, cosmetics, and personal care industries is projected to drive the market for probiotics, which in turn, is projected to drive the market growth...