Probiotic Dietary Supplement Market Size to Reach US$ 10.2 Billion by 2028
According to the latest report by IMARC Group “Probiotic Dietary Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global probiotic dietary supplement market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Market Overview:
Probiotic dietary supplements are ingestible products that contain various health-benefiting bacteria, such as lactobacillus, Bifidobacterium, and saccharomyces. They are commercially available in a wide variety of forms, such as capsules, tablets, powders, and bottled drinks. They are produced to increase the number of beneficial microorganisms in the digestive tract and promote a healthy balance of gut bacteria. They strengthen the immune system and prevent the occurrence of various chronic diseases. Probiotic dietary supplements also help reduce cholesterol and blood pressure and lower the chances of heart attacks. Furthermore, they prevent gut inflammation, maintain regular bowel movements, and reduce the risks of intestinal diseases.
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Probiotic Dietary Supplement Market Trends and Drivers:
At present, the increasing demand for probiotic dietary supplements due to the rising health awareness among the masses represents one of the primary factors influencing the market positively. Besides this, the rising incorporation of probiotic dietary supplements in the diets of pets to improve their coat and disease-resistance capabilities is propelling the growth of the market. In addition, the growing number of e-commerce brands and distribution channels selling natural and preservative-free probiotic supplements is offering a favorable market outlook. Apart from this, key market players are manufacturing probiotic dietary supplements in the form of chewable tablets infused with various flavors, such as mango, raspberry, and orange.
Probiotic Dietary Supplement Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Player:
- BioGaia
- Chr. Hansen Holding A/S
- Custom Probiotics Inc.
- Dietary Pro Labs
- Koninklijke DSM N.V.
- NutraScience Labs (Twinlab Consolidated Holdings Inc.)
- Probi USA Inc. (Symrise AG)
- ProbioFerm
- Protexin (Archer-Daniels-Midland Company)
- Reckitt Benckiser Group plc
- Vitakem Nutraceuticals Inc.
The market based on form, distribution channel and application.
Breakup by Form:
- Powder Stick Pack
- Capsule
- Tablet
- Probiotic Drops
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Pharmacy and Health Stores
- Online Stores
- Others
Breakup by Application:
- Food Supplement
- Nutritional Supplements
- Specialty Nutrients
- Infant Formula
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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