Probiotics Dietary Supplements Market to Grow with a CAGR of 10.79% through 2028
Increased health consciousness, growing concerns about
digestive health, and scientific advancements are expected to drive the Global Probiotics
Dietary Supplements Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Probiotics Dietary Supplements Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Probiotics Dietary Supplements Market stood at USD 7.09 billion in
2022 and is anticipated to grow with a CAGR of 10.79% in the forecast period,
2024-2028. This can be attributed to global market reach. The probiotics
dietary supplements market is not confined to a single region; it has a global
reach. Significant markets exist in North America, Europe, Asia-Pacific, and
beyond. Emerging economies are also witnessing a surge in demand for probiotics
as consumer awareness spreads, creating additional growth opportunities.
In addition, the
concept of wellness is evolving from a trend into a lifestyle. Consumers are
adopting holistic approaches to health, including regular exercise, mindfulness
practices, and dietary choices that incorporate probiotics. This shift in
mindset bodes well for the continued growth of the probiotics market.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Probiotics Dietary Supplements Market”
The popularity
of probiotic dietary supplements has been steadily on the rise, primarily due
to the convenience they offer in the form of powders and chewable tablets,
available in various appealing flavors such as apple, orange, and raspberry.
These supplements typically contain lactic acid bacteria, with a focus on
strains like Streptococcus thermophilus and Lactobacillus, which play a crucial
role in regulating the digestive system and bolstering the immune system.
Lactobacillus, in particular, has shown effectiveness in treating a range of
conditions including diarrhea, high cholesterol, skin disorders, irritable
bowel syndrome, and lung infections.
To address
diverse health concerns, manufacturers are actively working on developing new
probiotic formulations harnessing the power of beneficial bacteria. For
instance, in June 2021, Lonza collaborated with Kaged Muscle, a sports
nutrition company based in California, to introduce sports supplements in the
U.S. market that incorporate Lonza's innovative probiotic ingredient, TWK10.
Derived from Taiwanese kimchi, TWK10 is a strain of L. Plantarum expected to
boost exercise endurance by as much as 75%.
Despite the
challenge of higher product prices, consumers are willing to invest more in
their health, which is anticipated to fuel market growth. Additionally, the
substantial increase in healthcare spending in emerging economies like China,
Italy, Brazil, and India is projected to drive demand for probiotic supplements
and contribute to the overall growth of the market.
The Global Probiotics
Dietary Supplements Market is segmented into form, end-use, applications,
regional distribution, and company.
Based on its application,
the largest market share is expected to be held by the category of general
health in 2022. Probiotic supplements play a vital role in rebalancing the
microorganisms within the gut by introducing beneficial bacterial strains,
notably Lactobacillus and Bifidobacterium, which have been demonstrated to
support healthy digestive processes and boost immune system functionality.
These supplements can effectively alleviate symptoms associated with various
digestive disorders, including inflammatory bowel disease (IBD), irritable
bowel syndrome (IBS), and diarrhea caused by antibiotics. Moreover, probiotics
have been shown to enhance immune function, reducing the susceptibility to
infections and allergic reactions. During the forecast period, there is an
anticipation of significant growth in the "others" segment. This
category encompasses probiotic supplements designed to address various health
aspects such as insomnia, sexual wellness, mood enhancement, vision
improvement, as well as the functions of the urinary and nervous systems.
Certain
probiotic supplements are marketed with the aim of enhancing mood by fostering
the growth of beneficial gut bacteria, which has been linked to positive
effects on mental health. Additionally, probiotics play a role in reducing
symptoms of anxiety and depression by influencing the production of
neurotransmitters like serotonin.
Based on region,
North America took the lead in the market. The primary driving force behind the
increased demand for probiotic supplements in North America is the rising
number of health-conscious consumers and the growing interest in products that
promote gut health. Manufacturers in this region are responding to this demand
by introducing innovative supplements to meet the needs of consumers. Moreover,
many manufacturers are offering personalized probiotic supplements tailored to
individual preferences. Additionally, consumers in North America have developed
a strong awareness of the health advantages associated with probiotic
supplements. According to the International Food Information Council's data for
2022, approximately 32% of Americans actively seek to incorporate probiotics
into their diets, with 24% aiming to do so multiple times a day.
In contrast, the
Middle East and Africa are emerging as promising markets for probiotic dietary
supplements, with the region expected to experience significant growth at an
impressive CAGR during the forecast period. The demographic landscape in this
region is undergoing significant changes, characterized by a younger and
increasingly employed population that places a heightened emphasis on health
and well-being. This younger demographic is inclined to allocate resources to
products that can enhance their overall health and quality of life, including
probiotic supplements.
Major companies
operating in Global Probiotics Dietary Supplements Market are:
- Vitakem Nutraceutical Inc
- Lesaffre International Corp
- DuPont de Nemours Inc
- H&H Group PLC
- Amway Corp
- Abbott Laboratories Inc
- Bayer AG
- Pfizer Inc.
- GSK PLC
- BASF SE
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The global
probiotics dietary supplements market is poised for a dynamic and
transformative future. Personalization, targeted formulations, diverse strains,
and the integration of probiotics into everyday products are just a few of the
trends reshaping the industry. As consumers become increasingly proactive about
their health and wellness, the probiotics market will continue to evolve to
meet their evolving needs. Manufacturers and industry stakeholders that embrace
these emerging trends are well-positioned to thrive in this vibrant and
ever-expanding market,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Probiotics Dietary Supplements Market By Form
(Chewables & Gummies, Capsules, Powders, Tablets & Softgels, Others),
By End-use (Infants, Children, Adults, Geriatric), By Applications (Sports
Fitness, Energy & Weight Management, General Health, Bone & Joint
Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes,
Anti-cancer, Skin/Hair/Nails, Brain/Mental Health, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Probiotics Dietary
Supplements Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Probiotics Dietary
Supplements Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com