The new report by Expert Market Research titled, ‘Global Probiotic Dietary Supplements Market Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global probiotic dietary supplements market assessing the market based on application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Probiotic Dietary Supplements Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2023-2028)
• Historical Market Size (2022): USD 6.65 Billion
• Forecast CAGR (2023-2028): 8.60%
• Forecast Market Size (2028): USD 10.91 Billion
It is anticipated that if digestive diseases become more common, there will be a greater need for probiotic products. Probiotics boost immunity through promoting intestinal health. A popular source of probiotics is yoghurt. Higher product prices, on the other hand, have presented difficulties for market participants. Consumers are, nevertheless, willing to spend more for improved health, which is anticipated to promote market expansion. It is also anticipated that rising health spending in developing nations would increase demand for the product and accelerate market expansion.
Probiotic Dietary Supplements Industry Definition and Major Segments
Live microbial components found in natural and herbal nutritional substances are known as probiotics dietary supplements. They contain a mixture of live bacteria and yeast that improve the function of the intestines, gut, and digestive system. These supplements contain beneficial bacteria and yeast, including Lactobacillus, Bifidobacterium, and Saccharomyces boulardii, that strengthen the immune system and reduce inflammation in the body.
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Based on application, the market can be divided into:
• Food Supplements
• Nutritional Supplements
• Speciality Nutrients
• Infant Formula
The regional markets for the product include:
• North America
• Asia Pacific
• Latin America
• Middle East
Probiotic Dietary Supplements Market Trends
Increased demand for products that provide a range of health benefits and a rise in health awareness are driving the expansion of the global probiotic-based dietary supplements market. In addition, the use of these supplements to strengthen the immune system as a result of a busy lifestyle and poor diet, as well as the prevalence of illnesses like gastrointestinal diseases, high blood pressure, diabetes, dental caries, obesity, and others, are propelling the market forward.
Additionally, probiotic dietary supplements are increasingly being used to prepare specialty nutrients in infant formulas in order to prevent stomach-related illnesses and promote better growth and development in infants, which is favourably affecting the market’s expansion. Additionally, the growing customer preference for natural products and the positive health effects of probiotic bacteria are other factors promoting the market’s expansion.
The market growth for probiotic dietary supplements is dominated by Europe. Strong consumer knowledge of the benefits of using probiotics, convenient accessibility made possible by the presence of major industry producers, and a focus on product innovation are the main factors driving the market’s expansion. Probiotic bacteria’s positive effects on health and consumers’ growing worries about preventive healthcare are further factors boosting the regional market’s expansion. The market expansion can also be attributed to significant efforts made in research and development to create new products that would appeal to consumers.
Key Market Players
The major players in the Global Probiotic Dietary Supplements Market are :
- Twinlab Consolidation Corporation
- Vitakem Nutraceuticals Inc.
- Dietary Pros, Inc.
- Chr. Hansen Holding A/S
- Archer Daniels Midland Company
- Custom Probiotics Inc.
The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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