Global Probiotic Supplements Market to Grow at a CAGR of 9.8% During 2024-2032, Aided by the Rising Cases of Vaginal and Urinary Tract Infection

The market for probiotic supplements is aided by the rising use of the supplement in vaginal and urinary tract infection treatment. Moreover, rising awareness regarding vaginal health is increasing the demand for probiotic supplements to ensure a healthier balance of bacteria. In addition, the prevalence of various vagina-related infections is also surging the demand for probiotic supplements, hence aiding the market growth. The development of specific probiotic supplements for women for overall health and wellbeing is positively impacting the market growth. The increasing demand for probiotics for infants and children to ensure stable bacterial colonisation in their gut is also catalysing the probiotic supplements industry. The Asia Pacific region is expected to grow significantly owing to rising disposable income, penetration of convenience stores and supermarkets, and the growing prevalence of various chronic diseases such as diabetes, cancer, and bowel syndrome. This is expected to aid the overall market growth in the forecast period.

DuPont de Nemours, Inc. (NYSE: DD), one of the leading players in the market, opened a new-state-of-art probiotics fermentation unit at its Rochester, New York facility in July 2019. The company invested $100 MM to expand probiotic capacity to provide health and nutrition science solutions to the growing market. The facility produces high-quality probiotics for the dietary supplements and food and beverage industries. The probiotics have the potential to provide health benefits to consumers of all ages. The facility incorporates several production innovations to produce probiotic supplements efficiently. It has pressurised air technology to mix fermenting solutions, replace traditional pumps and mixing blades that can damage bacteria. Such investments in research and development (R&D) by the major companies are expected to fuel the market growth in the forecast period.

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Market Analysis by Source, Form, Distribution Channel, Application, and Region:

• The market, on the basis of source, can be divided into bacteria and yeast, among others.

• The industry can be bifurcated on the basis of its form into liquid and dry.

• Based on distribution channel, the industry can be divided into hypermarkets and supermarkets, pharmacies, and online, among others.

• The applications for probiotic supplements include gastrointestinal health, immune health, oral health, urinary tract health, and vaginal health, among others.

• The regional markets for probiotic supplements include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Various health benefits associated with the intake of probiotic supplements are increasing owing to the prevalence of various health-related issues, which is propelling the market growth.

• The surging geriatric population, especially in developed countries, with several digestive issues, is increasing the demand for probiotic supplements, hence aiding the industry growth.

• The market is being driven by the rising demand for immunity boosters during the coronavirus pandemic.

• The flourishing e-commerce sector, along with the development of convenience stores and supermarkets, is increasing the accessibility of prebiotic supplements, therefore catalysing the industry growth. 

Key Offerings of the Report:

• The EMR report gives an overview of the global probiotic supplements market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the sources, forms, distribution channels, applications, and regions of probiotic supplements.

• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for probiotic supplements are BioGaia AB, i-Health, Inc. (DSM), DuPont de Nemours, Inc., Probi AB, Sanofi, and Lifeway Foods Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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