Philippines Probiotic Ingredients Market Size & Outlook

The probiotic ingredients market in Philippines is expected to reach a projected revenue of US$ 14.9 million by 2030. A compound annual growth rate of 8% is expected of Philippines probiotic ingredients market from 2024 to 2030.
Revenue, 2023 (US$M)
$8.7
Forecast, 2030 (US$M)
$14.9
CAGR, 2024 - 2030
8%
Report Coverage
Philippines

Philippines probiotic ingredients market highlights

  • The Philippines probiotic ingredients market generated a revenue of USD 8.7 million in 2023 and is expected to reach USD 14.9 million by 2030.
  • The Philippines market is expected to grow at a CAGR of 8% from 2024 to 2030.
  • In terms of segment, dry/powder was the largest revenue generating form in 2023.
  • Dry/Powder is the most lucrative form segment registering the fastest growth during the forecast period.

Probiotic ingredients market data book summary

Market revenue in 2023USD 8.7 million
Market revenue in 2030USD 14.9 million
Growth rate8% (CAGR from 2023 to 2030)
Largest segmentDry/powder
Fastest growing segmentDry/Powder
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDry/Powder, Liquid
Key market players worldwideKerry Group PLC Class A, Koninklijke DSM NV, DuPont de Nemours Inc, Associated British Foods PLC, Lallemand, Archer-Daniels Midland Co, Advanced Enzymes, Probi AB, Chr. Hansen, Bluestar Adisseo Co.

Other key industry trends

  • In terms of revenue, Philippines accounted for 0.3% of the global probiotic ingredients market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, Thailand probiotic ingredients market is projected to lead the regional market in terms of revenue in 2030.
  • Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 51.7 million by 2030.

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Probiotic Ingredients Market Scope

Probiotic ingredients market segmentation & scope
Dry/Powder
Liquid
Lactobacilli
Bifidobacterium
Streptococcus
Other Genus
Yeast
Spore Formers
Dairy
Cereals
Baked Food
Others
Chewanles & Gummies
Capsules
Powders
Tablets
Soft Gels
Others
Animal Feed
Others

Probiotic Ingredients Market Companies

Name Profile # Employees HQ Website

Philippines probiotic ingredients market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to probiotic ingredients market will help companies and investors design strategic landscapes.


Dry/powder was the largest segment with a revenue share of 83.91% in 2023. Horizon Databook has segmented the Philippines probiotic ingredients market based on dry/powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.


  • Philippines Probiotic Ingredients Form Outlook (Revenue, USD Million, 2018-2030)
    • Dry/Powder
    • Liquid
  • Philippines Probiotic Ingredients Ingredient Outlook (Revenue, USD Million, 2018-2030)
    • Bacteria
      • Lactobacilli
      • Bifidobacterium
      • Streptococcus
      • Other Genus
    • Yeast
    • Spore Formers
  • Philippines Probiotic Ingredients Application Outlook (Revenue, USD Million, 2018-2030)
    • Food & Beverages
      • Dairy
      • Cereals
      • Baked Food
      • Others
    • Dietary Supplements
      • Chewanles & Gummies
      • Capsules
      • Powders
      • Tablets
      • Soft Gels
      • Others
    • Animal Feed
    • Others

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Target buyers of Philippines probiotic ingredients market databook

  • Our clientele includes a mix of probiotic ingredients market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Philippines probiotic ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Philippines probiotic ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Philippines probiotic ingredients market size, by form, 2018-2030 (US$M)

Philippines Probiotic Ingredients Market Outlook Share, 2023 & 2030 (US$M)

Philippines probiotic ingredients market size, by form, 2018-2030 (US$M)

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