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Probiotic Supplements Market to Exhibit a Remarkable CAGR of 13.5% by 2030 | Amway (Alticor), BioGaia USA, Danone S.A, DSM, Nestle.
According to a research report "Probiotic Supplements Market”, by Source (Single Strain {Lactobacillus, Bifid bacterium, Streptococcus, Others}, Multi Strain), Product Type (Capsules/Tablets, Gummies/Chewable, Powder, Liquid, {Ready to Drink, Concentrate}), Health Benefit (Immune Support, Bone & Joint Health, Cognitive Health, Cardiovascular Health, Digestive Health, Skin & Hair Care, Eye Care, Allergy Management, Weight Management, Diabetes Management, Others), Consumer Demographics (Paediatric, Geria, Adult), Sales Channel (Supermiuarkets/Hypermarkets, Specialty Stores, Health Food Stores, Pharmacies/Drugstores, Online Sales {Company Owned Platform, E-Commerce Platform}) & Region - Global Forecast to 2030.
Probiotic Supplements Market Scope:
- Market size value in 2023 - USD 7,940.3 Million
- Market size value in 2030 - USD 19,737.7 Million
- CAGR (2023-2030) - 13.5%
- Forecast Period - 2023-2030
- Historic Data - 2019
- Segments Covered - Source, Product Type, Consumer Demographics, Sales Channel & Region.
- Geographies Covered - North America, Europe, Asia Pacific, and RoW
- Sample of Companies Covered - Chr. Hansen Holding A/S, Church & Dwight Co., Inc., NOW Foods, STADA Arzneimittel AG, The Clorox Company, Wren Laboratories (Optibac Probiotics).
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Browse in-depth TOC on "Probiotic Supplements Market"
- 144 - Tables
- 99 - Figures
- 362 - Pages
Market Overview: The lobal market for probiotic supplements has seen substantial growth recently, driven by a rising awareness of the importance of gut health and the role of probiotics in maintaining a balanced microbiome. People are increasingly health-conscious and proactive about preventive healthcare, leading to a higher demand for probiotic supplements. The market offers a variety of products, including capsules, tablets, powders, and functional foods with added probiotics. Factors contributing to market growth include a growing elderly population seeking digestive health support, an increase in gastrointestinal disorders, and a shift towards wellness and preventive healthcare. The COVID-19 pandemic has heightened interest in probiotics for their potential immune-boosting properties. North America and Europe have been dominant regions, while Asia-Pacific is emerging as a key growth area due to growing awareness and disposable income. Industry players are actively involved in product innovation, partnerships, and marketing to stay competitive. Challenges such as regulatory complexities and the need for more extensive clinical evidence exist. The market is expected to focus on research and development, product diversification, and expansion into untapped regions to meet the growing demand for probiotic supplements. The probiotic supplements market is thriving globally, driven by the recognition of probiotics' health benefits and their pivotal role in promoting digestive well-being. As consumers increasingly prioritize preventive health measures, the market has witnessed significant growth. Innovative product launches from key players like Danone and Roquette further exemplify the industry's commitment to addressing evolving health concerns.
Market Dynamics
Drivers:
- Increasing general health awareness among the population
- Development of personalized probiotics
- Rising availability of diverse probiotic supplements across multiple sales channels
- Increasing investments in research & development
Opportunities:
- Rise of E-commerce
- Technological advancements in fermentation and cultivation techniques
North America Dominates The Market For Probiotic Supplements.
The North American region stands as a pivotal player in the Probiotic Supplements market, reflecting a dynamic landscape shaped by a growing emphasis on health and wellness. The Probiotic Supplements Market in North America is characterized by a robust and expanding consumer base that is increasingly inclined towards proactive approaches to health maintenance. The market snapshot reveals a thriving industry with diverse opportunities and trends. One of the key drivers of the Probiotic Supplements market in North America is the rising awareness among consumers about the importance of gut health. Scientific research highlighting the connection between gut health and overall well-being has spurred a significant demand for probiotic supplements. Consumers in North America are becoming more conscious of the role of gut microbiota in supporting digestion, immune function, and even mental health, driving the uptake of probiotic products.
The Asia Pacific region is witnessing a dynamic and rapidly evolving probiotic supplements market, reflecting a confluence of factors such as a burgeoning middle class, increasing health consciousness, and a rich cultural tradition that places emphasis on preventive healthcare. The market snapshot in this region unveils a landscape marked by diverse consumer preferences and unique market dynamics across various countries. China, as the largest market in Asia Pacific, plays a pivotal role in shaping the probiotics landscape. The Chinese market is experiencing robust growth driven by a population that is becoming increasingly health-conscious. Consumers in China are recognizing the benefits of probiotic supplements for digestive health and immune support. E-commerce platforms and an expanding retail infrastructure contribute to the accessibility and popularity of probiotic products in the Chinese market.
Top key players covered in the market report:
- Amway (Alticor)
- BioGaia USA
- Bio-K+ a Kerry company
- Danone S.A
- Deerland Enzymes (ADM)
- DSM
- Nestle
- Probi
- Reckitt Benckiser Group PLC
- Chr. Hansen Holding A/S
- Church & Dwight Co., Inc.
- NOW Foods
- STADA Arzneimittel AG
- The Clorox Company
- Wren Laboratories (Optibac Probiotics)
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Segmentations Analysis of Probiotic Supplements Market: -
- By Source
- By Product Type
- By Health Benefit
- By Consumer Demographics
- By Sales Channel
- By Region
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