Global Probiotic Supplements Market Report and Forecast 2024-2032

Global Probiotic Supplements Market Outlook

The global probiotic supplements market is expected to grow in the forecast period of 2024-2032 at a CAGR of 9.8%.

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Health Benefits Associated with Probiotics Boosting the Growth of Probiotic Supplements Industry

The increasing awareness regarding the health benefits of probiotics is aiding the market growth for probiotic supplements. Moreover, digestion related-issues are surging considerably owing to unhealthy eating habits, obesity, and stress due to hectic lifestyles. This is increasing the demand for probiotic supplements, the good bacteria, to restore the balance of the gut bacteria. With the intake of probiotic supplements, mental health disorders related to gut health can effectively decrease depression levels while providing general benefits for health, stress, and anxiety. This is augmenting the market growth. Moreover, it can prevent diarrhoea associated with the consumption of antibiotics. The rise of heart-related issues is also increasing the demand for probiotic supplements to lower blood pressure and cholesterol levels. Such health benefits associated with the intake of probiotic supplements are invigorating the industry growth.

Europe is witnessing robust growth owing to the increasing awareness regarding the benefits of dietary supplements. Moreover, the region has one of the largest geriatric populations, among whom digestive issues are highly prevalent, consequently fuelling the expansion of the probiotic supplements industry. Also, the rising inclination towards preventing diseases due to the inaccessibility of medical aid for many people is further facilitating the market growth. In addition, the development of innovative products by the major companies in this area is providing further impetus to the industry growth, hence contributing significantly to the overall market growth.

Probiotic Supplements: Market Segmentation

Probiotics are living microorganisms, especially bacteria and yeast, the consumption of which is associated with various health benefits. Probiotic supplements are a dietary supplement that is usually extracted from food sources to increase the consumption of probiotics to provide numerous health benefits.

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The major sources of probiotic supplements are:

• Bacteria
• Yeast
• Others

The market can be broadly categorised on the basis of its forms into:

• Liquid
• Dry
  • Capsules
  • Chewable
  • Tablets
  • Powder
  • Others

On the basis of distribution channels, the market is segmented into:

• Hypermarkets and Supermarkets
• Pharmacies
• Online
• Others

Based on application, the market is divided into:

• Gastrointestinal Health
• Immune Health
• Oral Health
• Urinary Tract Health
• Vaginal Health
• Others

The EMR report looks into the regional markets of probiotic supplements like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Immunity Boosters Owing to the Coronavirus Pandemic Bolstering the Market Growth

The surge of the coronavirus pandemic has increased the demand for dietary supplements for boosting immunity. Moreover, research regarding the consumption of probiotic supplements to reduce the risk of virus contraction is increasing the demand for probiotic supplements, hence augmenting the market growth. Further clinical evidence suggesting the role of probiotics to enhance the bioavailability of nutrients and regulate the bacterial ecosystem is also invigorating the market growth. Moreover, the surge of the second wave of the pandemic in many countries and the constant mutation of the virus are increasing the demand for immunity boosters. This, in turn, is providing further impetus to the growth of the probiotic supplements industry.

The rising awareness regarding the benefits of probiotic supplements and increasing health consciousness is expected to positively impact the market growth in the forecast period. Moreover, the rising popularity of online retail shopping in both developing and developed countries is increasing the availability of wide products for specific consumer demands. This, in turn, is escalating the demand for probiotic supplements, further propelling the industry growth. The development of age-specific protein supplements is also catalysing the market growth.

Key Industry Players in the Global Probiotic Supplements Market

The report presents a detailed analysis of the following key players in the global probiotic supplements market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• BioGaia AB
• i-Health, Inc. (DSM)
• DuPont de Nemours, Inc.
• Probi AB
• Sanofi
• Lifeway Foods Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report