Overview and Scope
Probiotics dietary supplements refer to the live microorganisms when consumed in adequate amounts, confer a health benefit on the host. Probiotic dietary supplements are used to balance the friendly bacteria in the digestive system, help in preventing and treating diarrhea, and also improve some mental health conditions in humans. Probiotic dietary supplements are available in the form of capsules, powders, liquids, and other forms, with a wide range of strains and doses. Rather than single strains, they frequently contain mixed cultures of live microorganisms.
Sizing and Forecast
The probiotics dietary supplements market size has grown strongly in recent years. It will grow from $6.94 billion in 2023 to $7.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in digestive diseases, growing number of health-conscious consumers and the covid-19 impact.
The probiotics dietary supplements market size is expected to see strong growth in the next few years. It will grow to $10.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing number of diseases, rising older population, rising penetration of organized retail, increased dietary consciousness and increasing demand for sports nutrition . Major trends in the forecast period include focusing on dairy-free probiotics, developing probiotic ingredients for sports nutrition, focusing on long-life probiotics, focusing on customized probiotic supplements, focusing on product innovations and leveraging partnerships and collaborations.
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Segmentation & Regional Insights
The probiotics dietary supplements market covered in this report is segmented –
1) By Source: Yeast, Bacteria
2) By Form: Capsules, Chewables And Gummies, Powders, Tablets And Softgels, Other Forms
3) By Distribution Channel: Business To Business, Business To Consumer
4) By Application: Infant Formula, Food Supplement, Specialty Nutrients
5) By End Use: Infants, Children, Adults, Geriatric
North America was the largest region in the probiotics dietary supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the probiotics dietary supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for sports nutrition products is expected to drive the growth of the probiotic dietary supplements market in the forecast period. Probiotic may provide support for athletes to counter the stresses of high physical activity levels by enhancing gut barrier function, immune function and others. Many athletes, including over 85% of elite track and field competitors, use dietary supplements as part of their regular training or competition routine. Vitamins, minerals, protein, creatine and various ergogenic chemicals are all regularly utilized supplements. For instance, in May 2021, according to the Australian Institute of Sport (AIS), a sports training institution in Australia, a total of 49 national and international fencers (18 men and 31 women) completed a questionnaire about sports supplements (SS) use and the potential effects on health and/or sports performance. The main incentive for 46.9% of fencers to use SSs was to increase their performance (34.2%). Medical doctors were the ones who were most likely to recommend that males take SSs. Women were the ones who were more inclined to get advice from their friends. Sports drinks (44.9%), vitamin C (43.4%), sports bars (38.8%) and caffeine were the most commonly consumed SS (28.6%). Therefore, the growing consumption of dietary supplements for functional benefits amongst athletes across the globe is expected to drive the probiotic dietary supplements market in the forecast period.
Key Industry Players
Major companies operating in the probiotics dietary supplements market report are Reckitt Benckiser LLC, Procter & Gamble, International Flavors & Fragrances (IFF), Church & Dwight Co Inc, Koninklijke DSM NV, Chr. Hansen Holding A/S, BioGaia AB, PharmaCare Laboratories, Probi AB, Protexin, Fermentis Life Sciences, Yakult Danone India Private Limited, Nutri-Align, Pellucid Lifesciences Pvt Ltd, UAS Life Sciences Private Limited, Morinaga Milk Industry Co. ltd., Chambio Co. Ltd., ByHealth, Qingdao Vland Biotech Group, China National Pharmaceutical Group Corporation, Megafood (Shanghai) Health Technological Co. Ltd., Sirio Pharma Co. Ltd., Bio-Kult, OptiBac Probiotics, Orthomol, SYNformulas GmbH, Laboratorios Ordesa, Arkopharma, Dicofarm, Naturando, Deltha Pharma, S&R Farmaceutici, G&G Food Supplies Ltd., Natren UK, Symbiopharm GmbH, Elogium Probiotic SIA, Baltic Probiotic SIA, Bio-Vesta LLC, BIO PAK Nutraceuticals Contract Manufacturing Ltd., AGREMA poland sp. z o.o, Valosun A.S., Chiesi Poland Sp. z o.o., Kerry Group Plc, Nestlé, Estée Lauder Inc., Archer-Daniels-Midland Co. (ADM), DuPont de Nemours Inc., BLIS Technologies Ltd., Esse Skincare, Goerlich Pharma, Biena inc., Flora Inc, Genomma Lab Internacional SAB de CV, Estée Lauder Inc., Naturalis, Sanavita, Probiótica, Vitafor, Axon Pharma, TakgeneGroup, Culturelle, Zist Takhmir Pharmaceutical Company, PouraTeb Pharmaceutical Company, Nature Fresh Health Products CC, SFI Health, Lallemand Inc., Danone South Africa, Bioflora CC
The probiotics dietary supplements market report table of contents includes:
1. Executive Summary
2. Probiotics Dietary Supplements Market Characteristics
3. Probiotics Dietary Supplements Market Trends And Strategies
4. Probiotics Dietary Supplements Market – Macro Economic Scenario
5. Global Probiotics Dietary Supplements Market Size and Growth
…
32. Global Probiotics Dietary Supplements Market Competitive Benchmarking
33. Global Probiotics Dietary Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Probiotics Dietary Supplements Market
35. Probiotics Dietary Supplements Market Future Outlook and Potential Analysis
36. Appendix
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