The global probiotic supplements market is worth US$ 7.08 Billion as of now and is expected to reach US$ 23.98 Billion by the year 2033 at a sturdy CAGR of 13% between 2023 and 2033.
Probiotics aid in the treatment of diseases like intestinal inflammation, antibiotic-associated diarrhea, urogenital infections, and likewise by fighting against the bad bacteria in gut. The present scenario is such that there is an increase in awareness levels of consumers with respect to preventive healthcare. Probiotics play an important role in improvising on immunity by getting better of gut health. Yogurt is amongst the broadly consumed sources of probiotics.
Probiotics are being made available in the form of chewable tablets and supplement powders. They are offered in several flavors like orange, apple, and raspberry, which help a great deal in drawing customers. Streptococcus thermophiles is amongst the lactic acid bacteria used commonly in the probiotic supplements. This actually helps in the regulation of immune system and functioning of digestive tract.
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Beneficial bacteria are being used for developing novel probiotic formulations. On these grounds, Lonza, in June 2021, entered into collaboration with Kaged Muscle (California-based sports nutrition company). It did introduce TWK10 – a type of probiotic strain L. Plantarum that is derived from kimchi (Taiwan); and expected to raise exercise endurance by close to 75%.
Capsugel DRcaps are abreast with modified release mechanism to target probiotics’ release in gut that does raise efficiency of absorption. Also, Beroni Group, in November 2020, did launch a new-fangled probiotic supplement called ‘Beilmei’ as a freeze-dried powder all across China. It comes across as a formulation of 3 strains of Lactobacillus and Bifdobacterium each that could be mixed with juice or water for intake.
At the same time, higher costs of probiotic supplements are a restraint for probiotic supplements market.
Future Market Insights has entailed these findings with insights in its latest market study entitled ‘Probiotic Supplements Market’. It has its determined team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With digestive disorders increasing at an alarming rate, the global probiotic supplements market is expected to grow on an unstoppable note in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Probiotic Supplements Market
- North America holds more than 35% of the market share. This could be credited to the data released by GI Alliance that close to 62 Million American population contracts digestive disorder every single year.
- Europe holds the second-largest market share. This could be reasoned with the fact that France has close to 36% of its population consuming natural health products and food supplements; especially in the post-Covid era.
- The Asia-Pacific is expected to witness the quickest CAGR in probiotic supplements market going forward. South Korea, China, India are ruling the roost. On these grounds, Cosmax NBT, in April 2021, put forth Zeta Probiotics Technology that facilitates restoration of probiotic microbes’ cell wall after crossing freeze-drying process; thereby enhancing adhesion and viability of the probiotic strains in intestine.
- LATAM and Central America are expected to contribute for a significant share of market revenue with Brazil’s government promoting nutrition and health. Along these lines, Bioresearch Life, in June 2021, did receive approval from ANVISA to commercialize two probiotic strains.
Competitive Probiotic Supplements
- Skinome, in September 2022, in collaboration with BioGaia to create a product with the living bacteria supporting skin microbiome and naturally improving the health of skin.
- DuPont, in July 2019, started expanding by investing US$ 100 Million for enhancing consumers’ access to innovative practices.
- DuPont, in January 2021, along with Biosciences, came up with HOWARU Calm probiotic strain. It could be used in the dietary supplements used to promote mental wellness.
- Probi, in June 2021, entered into partnership with Oriflame for developing probiotic supplements. This formulation is derived from scientifically-proven probiotic strain that improvises on general gut health (based on Probi Digestis – Probi’s concept).
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What does the Report supplement?
- The research study is based on bacteria (lactobacillus, streptococcus, and bifidobacterium), by form (tablet, capsules, liquid, powder premixes, gummies/chewable, lozenges, and liquid & gels), by function (immunity & digestive health, urogenital health, vaginal health, urinary tract infections, pregnancy, and weight management), by distribution channel (supermarket/hypermarket, specialty stores, e-Commerce, and pharmacy stores), and by end-user (women, seniors, and kids).
- With healthcare personnel increasingly recommending usage of probiotic supplements for addressing digestive abnormalities, the global probiotic supplements market is expected to grow on a bohemian note in the forecast period.
Probiotic Supplements Market by Category
By Bacteria:
- Lactobacillus
- Streptococcus
- Bifidobacterium
By Form:
- Tablet
- Capsules
- Liquid
- Powder Premixes
- Gummies/Chewable
- Lozenges
- Liquid & Gels
By Function:
- Immunity & Digestive Health
- Urogenital Health
- Vaginal Health
- Urinary Tract Infections
- Pregnancy
- Weight Management
By Distribution Channel:
- Hypermarket/ Supermarket
- Specialty Stores
- e-Commerce
- Pharmacy Stores
By End User:
- Women
- Seniors
- Kids
By Region:
- North America
- Latin America
- Europe
- Middle East & Africa
- East Asia
- South Asia
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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