Global Streptococcus Thermophilus Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Streptococcus Thermophilus industry revenue is expected to be around $749.4 million in 2025 and expected to showcase growth with 7.7% CAGR between 2025 and 2034. The continued demand for Streptococcus thermophilus stems largely from its significant role in fermenting dairy products, providing functional and health benefits, and contributing to the food and pharmaceutical industries. As a lactic acid bacterium, its propitious characteristics make it an essential ingredient in probiotics and various fermented food products. The burgeoning health-conscious population, their inclination towards probiotic diets, and an increasing understanding of the benefits of gut-friendly bacteria are the integral driving factors behind its market growth and continued relevance. The steady rise of vegan and plant-based diets has also stimulated the need for dairy alternatives that utilize Streptococcus thermophilus, thus acting as a key propellant for its broadening applications and scope.
Streptococcus thermophilus is a microorganism known for its unique thermo-tolerance properties, being an effective culture starter and for its prevalent use as a probiotic ingredient. Its main function is to ferment lactose into lactic acid, playing a pivotal role in the production of yogurt, cheese, and other fermented foods.
Market Key Insights
- The Streptococcus Thermophilus market is projected to grow from $695.8 million in 2024 to $1.46 billion in 2034. This represents a CAGR of 7.7%, reflecting rising demand across Dairy Production, Pharmaceutical Usage and Cosmetology Treatments.
- Chr. Hansen A/S, DuPont Danisco, Lallemand Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Streptococcus Thermophilus market and are expected to observe the growth CAGR of 5.0% to 7.4% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.9% to 10.6%.
- Transition like Shaping the Probiotics Industry is expected to add $32 million to the Streptococcus Thermophilus market growth by 2030.
- The Streptococcus Thermophilus market is set to add $765 million between 2024 and 2034, with manufacturer targeting Dietary Supplements & Pharmaceuticals Application projected to gain a larger market share.
- With Growing demand in dairy industry, and Health benefits of probiotics, Streptococcus Thermophilus market to expand 110% between 2024 and 2034.