Growing Preference for Personalized Nutrition among Customers to Surge Lactic Acid Bacteria Market at a CAGR of 6.1% through 2034 | Future Market Insights, Inc.

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Jan 08, 2024, 10:30 ET

Rising demand for natural, functional ingredients is driving a 6.1% CAGR in the global lactic acid bacteria market, predicts Future Market Insights (FMI). This trend reflects consumer preferences for gut-healthy alternatives. Dive deeper into the intricate dynamics of this burgeoning market and uncover compelling stakeholder opportunities in our comprehensive FMI report.

NEWARK, Del. , Jan. 8, 2024 /PRNewswire/ -- The Global Lactic Acid Bacteria Market is set to be valued at US$ 1,163.6 million in 2024. The market is anticipated to witness impressive growth during the forecast period. The market is expected to expand at a CAGR of 6.1% during the forecast period and reach a value of US$ 2,112.5 million by 2034.

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Growing Factors of Lactic Acid Bacteria Market

The global lactic acid bacteria (LAB) market is experiencing substantial growth and diversification due to several key factors, such as growing consumer awareness, expanding applications, technological advancements, and favorable regulations. Moreover, the demand for natural and clean-label food products is rising.

Consumers are actively seeking minimally processed, additive-free options. LAB plays a crucial role in the fermentation of foods and beverages, offering a natural means of preservation and flavor enhancement. This aligns well with the clean-label trend.

LAB strains are used as probiotics in several products to support digestive health and immunity. Additionally, lactic acid bacteria are pivotal in industrial processes, contributing to lactic acid production.

The emergence of personalized nutrition is expected to drive the lactic acid bacteria market further. Tailoring probiotics and fermented foods to individual needs based on gut microbiome analysis is becoming more prevalent.

The development of novel delivery formats for lactic acid bacteria, such as capsules, powders, and fortified foods, is expected to surge market demand. This allows consumers to incorporate lactic acid bacteria into their daily routines conveniently. Regulatory bodies are increasingly involved in setting standards and guidelines for probiotics and health claims associated with LAB.

Key Takeaways from the Report-

The global lactic acid bacteria market is expected to reach a market valuation of US$ 2,112.5 million in 2034.
The market is projected to surge at a CAGR of 6.1% over the forecast period.
The United States is projected to have a market valuation of US$ 815.4 million in 2034.
Functional beverages are expected to dominate the lactic acid bacteria market with a market valuation of US$ 733.0 million in 2034.
Germany is projected to reach a market valuation of US$ 287.3 million in 2034.
India is estimated to have a value CAGR of 12.4% during the forecast period.

"Key trends driving market growth include the increasing use of lactic acid bacteria in pharmaceuticals, the growing popularity of fermented foods & beverages, and rising demand for functional drinks and plant-based products. Additionally, the integration of lactic acid bacteria in personalized nutrition and the development of novel delivery formats are expected to propel the market's expansion further," says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Lactic Acid Bacteria Industry Research Coverage

Attribute	Details
Estimated Value (2024)	US$ 1,163.6 million
Projected Value (2034)	US$ 2,112.5 million
Anticipated Growth Rate (2024 to 2034)	6.1 %
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Lactic Acid Bacteria Industry Analysis	US$ million for Value and MT for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa
Key Countries Covered	• United States • Canada • Brazil • Mexico • Germany • United Kingdom • France • Italy • Spain • Nordic • Russia	• Poland • China • India • Thailand • Indonesia • Australia and New Zealand • Japan • GCC countries • North Africa • South Africa • Others
Key Segments Covered	• By Strain Type: • Lactobacillus o Lactobacillus Rhamnosus o Lactobacillus Acidophilus o Lactobacillus Reuteri o Lactobacillus Paracasei o Lactobacillus Casei o Lactobacillus Plantarum o Others (Lactobacillus Gasseri, Latilactobacillus Sakei, Lactobacillus Bulgaricus) • Bifidobacterium o Bifidobacterium Infantis o Bifidobacterium Lactis o Bifidobacterium Longum • Bacillus Licheniformis o Bacillus Subtilis o Bacillus Coagulans o Bacillus Amyloliquefaciens o Others(Bacillus Licheniformis) • Lactococcus Lactis • Streptococcus • Pediococcus Acidilactici • Enterococcus Faecium By End-use Application: Functional Beverages Yogurt Drink Kefir Buttermilk Probiotic Smoothies Fermented Fruit Juices Kombucha Fermented Coconut Water Fermented Vegetable Juices Probiotic Sports Drinks Probiotic Shots Dairy Spoonable Yogurt Cheese Sour Cream Desserts, Ice-cream Sauerkraut Kimchi Sourdough Bread Alcoholic Beverages Carbonated Soft Drinks Baby Food, Infant Formula Bakery Confectionary Savory Snacks Fruit Preparations, Sweet Spreads Meat, Seafood Products Plant-based Products Ready Meals, Instant Food Sauces, Dressings, Seasoning By Functionality: Fermentation Enhancer Preservative Acidifier Taste Enhancer Probiotic Health Benefits Textural Enhancements Flavor Development Improved Nutritional Profile pH Control Starter Cultures Reduction of Antinutrients Production of Bioactive Compounds By Region: North America Latin America Europe East Asia South Asia Middle East and Africa
Key Companies Profiled	Danone Yakult Meji Chobani Marigold Farmery GTs Whatabooch Miss Kefir – East Coast Craft & Culture NISSIN FOODS
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

More about Competitive Landscape & Recent Developments

Mergers and acquisitions offer businesses several advantages by pooling resources, expertise, and customer bases, enabling access to new technology, distribution channels, manufacturing facilities, and talent. This synergy boosts operational efficiency, reduces costs, and expands market reach. Simultaneously, leading players are directed toward launching new products to meet evolving consumer demands, stay competitive, attract and retain customers, and increase market share.

In 2023, Nissin introduced Bifidobacterium N708 Tablets and Bifidobacterium N61 Tablets, targeting gut health and cognitive function.
In March 2022, Duo Maomao, a new generation of children's food and beverage brands, introduced a lactic acid bacteria fermented fruit juice beverage.

Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.

The study incorporates compelling insights on strain type (Lactobacillus, Bifidobacterium, Bacillus licheniformis, Lactococcus lactis, Streptococcus, Pediococcus acidilactici and Enterococcus faecium), end-use application (functional beverages, dairy, sauerkraut, kimchi, sourdough bread, alcoholic beverages, carbonated soft drinks, baby food, infant formula, bakery, confectionery, savory snacks, fruit preparations, sweet spreads, meat, seafood products, plant-based products, ready meals, instant food and sauces, dressings, seasoning), functionality (fermentation enhancer, preservative, acidifier, taste enhancer, probiotic health benefits, textural enhancements, flavor development, improved nutritional profile, pH control, starter cultures, reduction of antinutrients and production of bioactive compounds), and region.

About the Food and Beverage Division at Future Market Insights (FMI)

Future Market Insights (FMI) food & beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

About the Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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