Probiotic Supplements Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
The probiotic supplements market is expected to register robust growth during the forecast period. Nutritional supplements have been and are likely to continue their dominance in the probiotics dietary supplements market, on account of the rising awareness about preventive healthcare. Benefits provided by nutritional supplements that include bringing improvements in digestion and bone density of individuals are likely to uphold the popularity of probiotic supplements during the forecast period.
Technological advancements in the field of molecular biology and gene sequencing are allowing researchers and scientists to develop new probiotic formulas that are tailored to consumer requirements. The global probiotic supplementsmarket is projected to register a CAGR of 15% during the forecast period (2019-2027).
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A significant boost to the probiotic supplements has come from the COVID-19 crisis. While the demand for other commodities witnessed a slug, probiotic supplements were and are able to garner sales from individuals, on the back of their increased reliance on additional supplements to boost their immunities. Moreover, it is found that the focus of manufacturers has been on the diversification of their product portfolios. As a result, new-age specific products are introduced in the probiotic supplements market.
In recent years, the probiotic supplements market has experienced a lot of regulatory backlash. However, rapidly developing preventive healthcare approach and longstanding acceptance of probiotic supplements among consumers, and resurgence of recommendations by health care practitioners for use of these supplements are offering tailwinds to the market growth.
Key Takeaways – Probiotic Supplements Market Study
- North America is projected to be a key market, as dietary supplements industry remains concentrated in the region. Demand for probiotic supplements is gaining a boost from consumer inclination towards alternative health practices and preventive healthcare.
- Several manufacturers are offering probiotic supplements consisting of bacterial strains beneficial for children as well as adults, in order to target diverse demographic groups.
- Lactobacillus-based probiotics are widely used to maintain female intimate health, making it one of the most preferred products as compared to Bifidobacterium- and streptococcus-based probiotic supplements.
- Zero-calorie and sweetener-free tags attached to probiotic supplements continue to play a key role in boosting their demand.
In recent past, there has been an increase in number of cases of gastrointestinal-related diseases in children. Such cases were usually addressed with over-the-counter medication, which often caused a few side effects. This has created a highly conducive environment for development of relatively-safe probiotic supplements with certain strains of bacteria that are perceived to be good for children’s gut health. Manufacturers are targeting the highly lucrative kids segment by launching products with unique flavours, colors, and shapes that have more consumer appeal.
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Know More About What Report Covers
Future Market Insights, in its new offering, offers an unbiased analysis of the global probiotic supplements market, presenting historical demand data (2015-2018), and forecast statistics for the period, 2019-2027. The study divulges compelling insights on the probiotic supplements market on the basis of end use, bacteria, distribution channel, and region. Based on end use, the segmentation includes women, seniors, and kids. Probiotic supplements for women are expected to account for the highest market share, followed by seniors, over the forecast period.
The global probiotic supplements market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Bacteria
- Lactobacillus
- Streptococcus
- Bifidobacterium
- Others
End Use
- By Women
- By Function
- Immunity & Digestive health
- Urogenital Health
- Vaginal Health
- Urinary Tract Infections
- Pregnancy
- Weight Management
- Others
- By Form
- Tablet
- Capsules
- Liquid
- Powder Premixes
- By Function
- By Seniors
- By Formulation
- Tablet
- Capsules
- Liquid
- Powder Premixes
- By Kids
- By Form
- Powder Premixes
- Tablets
- Gummies/Chewables
- Lozenges
- Liquid & Gels
- By Form
Distribution Channel
- Hypermarket/ Supermarket
- Specialty Stores
- e-Commerce
- Pharmacy Stores
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Table of Content
- Executive Summary
1.1. Global Probiotic Supplements Market Country Analysis
1.2. Supply-side Trends
1.3. Demand-side Trends
1.4. Technology Timeline Mapping
1.5. Opportunity Assessment
1.6. FMI Recommendations and Analysis
- Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
- Global Women Probiotic Supplements Market Analysis Scenario
3.1. Market Size and Forecast
3.1.1. Market Size and Y-o-Y Growth
3.1.2. Absolute $ Opportunity
3.2. Industry Supply Chain Analysis
3.2.1. Value Chain
3.2.2. Gross Profitability Margins
3.2.3. List of Key Participants
3.2.3.1. Manufacturers
3.2.3.2. Distributors/ Wholesalers
3.2.3.3. Retailers
- Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity
4.4. Forecast Factors – Relevance and Impact
4.5. Overview on Bacteria Strains Types
- Key Regulations
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