The global Probiotics Dietary Supplements market size is expected to be worth around US$ 15.28 billion by 2030, according to a new report by Vision Research Reports.
The global Probiotics Dietary Supplements market size was valued at US$ 7,122.5 million in 2020 and is anticipated to grow at a CAGR of 8.0% during forecast period 2021 to 2030.
|Market Size||US$ 15.28 Billion by 2030|
|Growth Rate||CAGR of 8.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Form, End-user|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Probi; Vitakem Nutraceutical, Inc.; Chr. Hansen Holding A/S; ProbioFerm; Probium; ADM; Dr. Joseph Mercola; Deerland Probiotics and Enzymes, Inc.; DSM; BioGaia|
The growing demand for solutions over concerns related to digestive health is expected to augment the market growth. Diarrhea, nausea, and vomiting are a few of the symptoms observed in COVID-19 patients. Studies on using probiotics against coronavirus infection have been carried out since the disease outbreak in 2020.
The potential of probiotics in improving the symptoms of COVID-19 is expected to boost market growth. The rising application scope of probiotics in feminine health is further expected to fuel the product demand. Poor urogenital health due to microbial imbalance can lead to the occurrence of conditions, such as infertility, bacterial vaginosis, and preterm birth in women.
By Form Analysis
The capsules segment dominated the market with a share of more than 33.8% in 2020. Capsules, such as Capsugel DRcaps, have a modified release mechanism that is intended for targeted release of probiotics in the gut that increases its absorption efficiency compared to traditional capsules.
Powders are easy to consume for people having difficulties swallowing capsules or tablets. Thus, manufacturers are developing products in powder form that are readily mixed with water, juice, or milk.
The chewables & gummies segment is estimated to register the fastest CAGR over the forecast period as products in the forms are sweet and easy to consume. Products development efforts for targeted delivery of tablets are expected to support the growth of the tablet segment.
By End-user Analysis
The adults segment dominated the market with a revenue share of 53.7% in 2020. Rising cases of gastrointestinal problems in adults have pushed the development of probiotic supplements.
Probiotic supplements for infants are commonly offered in powder or liquid forms, wherein the products do not have their own taste. These products therefore can be easily mixed with infant formulas, pumped breast milk, and other liquids that are fed to the baby.
Players are focusing on offering probiotic supplements providing solutions to health concerns related to children. For instance, the Culturelle brand offers Culturelle Kids Ultimate Balance for Antibiotics, which are chewable tablets for children in the age group of 3 to 12 years.
Reported cases of deaths due to intestinal inflammation and other irritable bowel disorders, such as Crohn’s disease and ulcerative colitis, have been rising among the older population in the recent past.
By Regional Analysis
North America emerged as one of the most prominent regional markets accounting for a revenue share of 40% in 2020. North America has a vast population facing rising cases of obesity and digestive distress on account of their dietary habits.
Europe is expected to grow at a significant CAGR of 7.3% over the forecast period owing to the rising adoption of supplement products. For instance, as per Synadiet Survey 2020, about 36% of the surveyed population in France consumed food supplements and natural health products to boost immunity after the emergence of COVID-19.
Asia Pacific is likely to register the fastest CAGR from 2020 to 2030. The players are focusing on enhancing the efficiency of their products using advanced technologies to gain a strong market foothold.
By Regional Analysis
North America emerged as one of the most prominent regional markets accounting for a revenue share of 39% in 2020. North America has a vast population facing rising cases of obesity and digestive distress on account of their dietary habits.
Europe is expected to grow at a significant CAGR of 7.3% over the forecast period owing to the rising adoption of supplement products.
Asia Pacific is likely to register the fastest CAGR from 2020 to 2030. The players are focusing on enhancing the efficiency of their products using advanced technologies to gain a strong market foothold. The product demand in Central & South America is primarily driven by the rising governmental initiatives for health and nutrition in countries, such as Brazil.
Vitakem Nutraceutical, Inc.
Chr. Hansen Holding A/S
Dr. Joseph Mercola
Deerland Probiotics and Enzymes, Inc.
Chewables & Gummies
Tablets & Softgels
Central & South America (CSA)
Middle East & Africa (MEA)
The Probiotics Dietary Supplements market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Probiotics Dietary Supplements market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Probiotics Dietary Supplements market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Probiotics Dietary Supplements market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Probiotics Dietary Supplements market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Probiotics Dietary Supplements capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Probiotics Dietary Supplements by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Probiotics Dietary Supplements market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Probiotics Dietary Supplements market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Probiotics Dietary Supplements market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Probiotics Dietary Supplements industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Probiotics Dietary Supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Probiotics Dietary Supplements market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Probiotics Dietary Supplements market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Probiotics Dietary Supplements market. These factors have benefited the growth of the global market for Probiotics Dietary Supplements. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Probiotics Dietary Supplements. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Probiotics Dietary Supplements are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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